Community Bank of Florida Homestead Florida

Robert Epling is the CEO, they have $57MM in bad loans

Community Bank of Florida was founded 1973.  They were unable to make it onto the problem banks list.  Florida is a competitive state, a Texas ratio of 90% won’t cut it these days.

Assets are $565MM with equity of $45MM.

The problem loan portfolio is $57MM, of which $44MM is on non accrual.

Hold on, they have $57MM in problem loans and $45MM in equity, and they don’t qualify for the problem bank list?

These regulators are getting tough, maybe if they did their job in the first place, we won’t have this problem.

The bank has forgotten to put their financial statements on the website since 2009?

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