First City Bank of Florida
Fort Walton Beach, FL · Owner: Florida First City Banks Inc
$137M
total assets, September 30, 2020
$137M
total assets, September 30, 2020
First City Bank of Florida was a state nonmember bank in Fort Walton Beach, FL, owned by Florida First City Banks Inc. It failed on Oct 16, 2020, and United Fidelity Bank, FSB took over its deposits. At its last report it held $136.6 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 2020
This bank failed
- Failed on
- Oct 16, 2020
- Assets
- $137M
- Deposits
- $134M
- Estimated cost
- $7.2M
- Deposits went to
- United Fidelity Bank, FSB, Evansville, IN
Total assets
$137M
-6.5% in a year · +1.4% in a quarter
Deposits
$134M
+1.5% in a year · +2.0% in a quarter
Loans
$60.6M
-28.3% in a year · -6.6% in a quarter
Profit so far
-$1.5M
Jan 1 to Sep 30, 2020
Capital ratio
1.41%
-0.99 pts in a year
Return on assets
-1.46%
-0.93 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 135 Perry Avenue, S.E., Fort Walton Beach, FL, 32548
- County
- Okaloosa
- Holding company
- Florida First City Banks Inc
- Established
- Nov 17, 1948
- Failed
- Oct 16, 2020
- Employees
- 33
- Branches
- 2
- Id
- b16748
Quarter by quarter
March 31, 1984 to September 30, 2020
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is First City Bank of Florida?
$136.6 million in total assets and $133.9 million in deposits as of September 30, 2020, with assets down 6.5% from a year before. Its loans were $60.6 million.
How many branches does First City Bank of Florida have?
2 branches in Florida as of June 30, 2026.
Is First City Bank of Florida profitable?
No: it lost $1.51 million from January 1 to September 30, 2020. Its return on assets was -1.46% a year; about 1% is typical.
Who owns First City Bank of Florida?
First City Bank of Florida is owned by Florida First City Banks Inc, its holding company.
When did First City Bank of Florida fail?
Oct 16, 2020. United Fidelity Bank, FSB of Evansville, IN took over its deposits. The estimated cost of the failure was $7.25 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.