Jacksonville Bank

Jacksonville Bank is headquartered in Jacksonville and is the 44^th largest bank in the state of Florida. It is also the 1,108^th largest bank in the nation. It was established in 1999 and as of September of 2011, it had grown to 101 employees at 9 locations. Jacksonville Bank's money market rates are 36% higher than the national average, and it has a 3-star health rating.

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Data for Q3 2011

Institution Statistics The Jacksonville Bank FDIC Certificate # 34941 BankRate Report View Year Established 1999 Employees 101 Primary Regulator FDIC Assets and Liabilities Assets $601.76 million Loans $465.89 million Deposits $512.10 million Equity Capital $68.32 million Loan Loss Allowance $13.20 million Unbacked Noncurrent Loans $51.64 million Real Estate Owned $4.31 million Historic Data - September 2010 Assets $426.59 million Equity Capital $38.28 million Loan Loss Allowance $8.92 million Unbacked Noncurrent Loans $15.81 million Real Estate Owned $6.30 million Profit Margin - Quarterly Net Interest Margin 4.5% Return on Assets 0.79% Return on Equity 7.5% Interest Income $23.59 million

Institution Health Overall Score: 3 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 September 30, 2011 Jacksonville Bank had $55.95 million in non-current loans and owned real-estate with $81.51 million in equity and loan loss allowances on hand to cover it. This gives Jacksonville Bank a Texas Ratio of 68.64% 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 increased slightly from 46.83% as of September 30, 2010 to 68.64% as of September 30, 2011, resulting in a negative change of 46.58%. This indicates that the balance sheet and financial strength for Jacksonville Bank has declined slightly in recent periods. Deposit Growth In the past year, Jacksonville Bank has increased its total deposits by $150.53 million, resulting in 41.63% 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 excellent. 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 $601.76 million in assets with $81.51 million in equity, resulting in a capitalization level of 13.55%, which is excellent.

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