The Graveyard › Banks › 2020

First City Bank of Florida

Fort Walton Beach, FL · failed October 16, 2020 · FDIC certificate 16748

First City Bank of Florida of Fort Walton Beach, FL failed on October 16, 2020. It opened on November 17, 1948, 71 years before. At its last report before that it held $136.6 million in assets and $133.9 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2010, it held $338.0 million. The FDIC estimates that the Deposit Insurance Fund lost $7.2 million on it.

1984-032020-09

Assets at the end$136.6 millionlast report before October 16, 2020

Deposits at the end$133.9 million

Estimated loss to the fund$7.2 millionDIF

Largest in the quarterly reports$338.0 millionMarch 31, 2010

Equity to assets1.5%September 30, 2020

Loans not being repaid1.6%noncurrent, September 30, 2020

Return on assets-1.46%a year's rate, September 30, 2020

Staff33full time, September 30, 2020

Could you have seen it coming? Play COVID

Also ended in 2020

The First State Bank · Barboursville, WV · $151.8 million in assets
Ericson State Bank · Ericson, NE · $100.9 million in assets
Almena State Bank · Almena, KS · $65.7 million in assets

History, not advice.

Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.