Jacksonville Bank

100 North Laura Street
Jacksonville, FL 32202
(904) 421-9699
www.jaxbank.com

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Jacksonville Bank is headquartered in Jacksonville and is the 45^th largest bank in the state of Florida. It is also the 1,185^th largest bank in the nation. It was established in 1999 and as of December of 2012, it had grown to 101 employees at 9 locations. Jacksonville Bank's money market rates are 14% higher than the national average, and it has a 4-star health rating.

Competitive 5-Year CD Rate at Jacksonville Bank - Available Nationwide - 4/19/2012

If you're looking for the best 5-year CD rate, you are more likely to find it at a credit union rather than at a bank. If you prefer a bank, you'll have to settle for a lower rate. I came across one b ...

2.00% 12-Month & 2.40% 24-Month CD at Jacksonville Bank - Available Nationwide (Forum) - 1/21/2010

Jacksonville Bank has cut its CD rates since my last report in November, but they continue to offer very competitive 1-year and 2-year CD rates as of 1/21/2010. Refer to my Jacksonville Bank review for the full details.

2.00% 12-Month CD & 2.40% 24-Month CD at Jacksonville Bank - Available Nationwide - 11/6/2009

Jacksonville Bank is offering several competitive CD rates. The following CD rates are listed at the bank's rates page as of 11/06/09:2.90% APY 36-60 month CD2.60% APY 24-35 month CD2.25% APY 12-23 month CD1.75% APY 6-11 month CDMinimum deposit is...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Jacksonville Bank Checking Account Rates

Apy	Min	Max	Product
0.10%	-	-	Personal Interest Checking
0.10%	-	-	Business Interest Checking
0.10%	-	-	Classic Checking
0.10%	-	-	Sterling Checking

Jacksonville Bank Savings Account Rates

Apy	Min	Max	Product
0.60%	$100k	-	Health Savings Account
0.15%	-	-	Personal Savings
0.15%	-	-	Business Savings
0.15%	-	-	Youth Savings

Jacksonville Bank Money Market Rates

Apy	Min	Max	Product
0.60%	$150k	-	Personal Money Market
0.60%	$150k	-	Business Money Market
0.50%	-	-	Personal Built for Growth Money Market
0.50%	-	-	Business Built for Growth Money Market

Jacksonville Bank CD Rates

Apy	Min	Max	Product
1.25%	$1k	-	60 Month CD
1.25%	$1k	-	Business 60 Month CD
0.90%	$1k	-	36 - 59 Month CD
0.90%	$1k	-	Business 36 - 59 Month CD
0.71%	$1k	-	24 - 35 Month CD
0.71%	$1k	-	3 Year CD w/ Bump Up
0.71%	$1k	-	Business 24 - 35 Month CD
0.71%	$1k	-	Business 3 Year CD w/ Bump Up
0.50%	$1k	-	12 - 23 Month CD
0.50%	$1k	-	Business 12 - 23 Month CD
0.10%	$1k	-	1 Month CD
0.10%	$1k	-	3 - 5 Month CD
0.10%	$1k	-	6 - 11 Month CD
0.10%	$1k	-	Business 1 Month CD
0.10%	$1k	-	Business 3 - 5 Month CD
0.10%	$1k	-	Business 6 - 11 Month CD

Jacksonville Bank IRA Rates

Apy	Min	Max	Product
1.25%	$1k	-	60 Month IRA
1.25%	$1k	-	60 Month Roth IRA
0.90%	$1k	-	36 - 59 Month IRA
0.90%	$1k	-	36 - 59 Month Roth IRA
0.71%	$1k	-	24 - 35 Month IRA
0.71%	$1k	-	24 - 35 Month Roth IRA
0.50%	$1k	-	12 - 23 Month IRA
0.50%	$1k	-	12 - 23 Month Roth IRA

Rates updated: 5/19/2013

Data for Q4 2012

Institution Statistics

The Jacksonville Bank
FDIC Certificate #	34941
BankRate Report	View
Year Established	1999
Employees	101
Primary Regulator	FDIC
Assets and Liabilities
Assets	$565.94 million
Loans	$379.88 million
Deposits	$493.21 million
Equity Capital	$51.36 million
Loan Loss Allowance	$18.49 million
Unbacked Noncurrent Loans	$18.84 million
Real Estate Owned	$6.97 million
Historic Data - December 2011
Assets	$558.33 million
Equity Capital	$45.74 million
Loan Loss Allowance	$13.02 million
Unbacked Noncurrent Loans	$46.90 million
Real Estate Owned	$7.97 million
Profit Margin - Quarterly
Net Interest Margin	4.21%
Return on Assets	-6.3%
Return on Equity	-83.43%
Interest Income	$26.23 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Jacksonville Bank had $25.81 million in non-current loans and owned real-estate with $69.85 million in equity and loan loss allowances on hand to cover it. This gives Jacksonville Bank a Texas Ratio of 36.95% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Jacksonville Bank decreased significantly from 93.38% as of December 31, 2011 to 36.95% as of December 31, 2012, resulting in a positive change of 60.43%.This indicates that the balance sheet and financial strength for Jacksonville Bank has improved significantly in recent periods.
Deposit Growth
In the past year, Jacksonville Bank has increased its total deposits by $18.54 million, resulting in 3.91% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Jacksonville Bank has shown is above average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Jacksonville Bank has $565.94 million in assets with $69.85 million in equity, resulting in a capitalization level of 12.34%, which is excellent.