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

FDIC


Jacksonville Bank is headquartered in Jacksonville and is the 45th largest bank in the state of Florida. It is also the 1,185th 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.

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

Jacksonville Bank Checking Account Rates

ApyMinMaxProduct
0.10%--Personal Interest Checking
0.10%--Business Interest Checking
0.10%--Classic Checking
0.10%--Sterling Checking

Jacksonville Bank Savings Account Rates

ApyMinMaxProduct
0.60%$100k-Health Savings Account
0.15%--Personal Savings
0.15%--Business Savings
0.15%--Youth Savings

Jacksonville Bank Money Market Rates

ApyMinMaxProduct
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

ApyMinMaxProduct
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

ApyMinMaxProduct
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 ReportView
Year Established1999
Employees101
Primary RegulatorFDIC

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 Margin4.21%
Return on Assets-6.3%
Return on Equity-83.43%
Interest Income$26.23 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio2
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 Trend5
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 Growth4
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.
Capitalization5
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.
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