First City Bank

Overview / Commentary
135 Perry Avenue, S.E.
Fort Walton Beach, FL 32548

First City Bank is headquartered in Fort Walton Beac and is the 87th largest bank in the state of Florida. It is also the 3,329th largest bank in the nation. It was established in 1948 and as of December of 2018, it had grown to 40 employees at 2 locations. First City Bank's money market rates are 2X the national average, but it has a F health rating.

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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. First City Bank has a negative return on equity.

Health Grade Components

FDIC Certificate #16748
Year Established1948
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-0.54%
Return on Equity - YTD-21.7%
Annual Interest Income$5.8MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$157.9MM$188.4MM
LoansQ4 2018vs Q4 2017$97.3MM$115.0MM
DepositsQ4 2018vs Q4 2017$143.6MM$173.0MM
Equity CapitalQ4 2018vs Q4 2017$4.0MM$5.0MM
Loan Loss AllowanceQ4 2018vs Q4 2017$2.6MM$2.7MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$10.4MM$12.8MM
Real Estate OwnedQ4 2018vs Q4 2017$21.1MM$22.3MM
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First City Bank Savings Account Rates

0.50%--Relationship Savings
0.25%--First Savings

First City Bank Money Market Rates

0.90%*$100k*-Money Market
OTHER TIERS: 0.15% Up to $2.5k | 0.25% $2.5k - $10k | 0.50% $10k - $25k | 0.75% $25k - $100k

First City Bank Checking Account Rates

0.80%*$50k*-City Club Relationship Checking
OTHER TIERS: 0.50% Up to $50k

First City Bank CD Rates

1.92%$1k-24-29 Month CD
1.76%$1k-18-23 Month CD
1.72%$1k-12-17 Month CD
1.50%$1k-60 Month CD
1.45%$1k-48-59 Month CD
1.35%$1k-30-35 Month CD
1.35%$1k-36-47 Month CD
1.00%$1k-180-364 Day CD
0.50%$1k-90-179 Day CD
0.26%$1k-30-89 Day CD

First City Bank IRA Rates

1.16%--24 Month Fixed-Rate IRA
1.10%--12 Month Variable IRA
1.10%--12 Month Fixed-Rate IRA

First City Bank Locations
First City Bank Of Florida135 Perry Avenue, S.E.Fort Walton Beach, FL 32548
Destin Branch363 East U.S. Highway 98Destin, FL 32541

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