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Florida Capital Bank Jacksonville, FLA

Florida Capital Bank Jacksonville, FLA was founded in 1985.  The company has entered into a formal agreement with the OCC for deficient CRE lending.  Maybe that is why the Texas ratio is 148%.

The company has $978MM in assets with $48MM in equity

The problem loan portfolio consists of $14MM in loans 30-90 days past due with $77MM on non accrual and $23MM in OREO.

So they have $91MM in bad loans with $48MM in equity.

This bank is insolvent, why haven’t they been shut down?

They might want to drop the word capital from their name, that is the one thing they don’t have.

Their earnings are not impressive either.  Net income was ($27MM) in FY10, ($10MM) in FY09 and ($16MM) in FY08.

Take a look at the website under investor relations, there is no information.

The one thing they do have is a lot (no pun intended) of vacant land for sale.

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This entry was posted on May 5, 2011 at 2:58 pm and is filed under Insolvent, Problem Bank list. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Florida Capital Bank Jacksonville, FLA”

  1. Rent Buy Properties Says:
    May 21, 2011 at 9:19 pm | Reply

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