First Florida Integrity Bank (merged into First Foundation Bank)
First Florida Integrity Bank reported total assets of $2.4 bn at Q3 2021, its last Call Report before it merged into First Foundation Bank. The CET1 capital ratio at First Florida Integrity Bank was 14.08%, and the uninsured share of First Florida Integrity Bank was 32.05%. Source: FDIC Call Reports.
What sets First Florida Integrity Bank apart
Nothing in the latest data sets First Florida Integrity Bank apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is First Florida Integrity Bank?
The balance sheet of First Florida Integrity Bank at : assets $2.4 bn, deposits $2.0 bn, net loans $1.1 bn (loans equal to 53.21% of deposits). Securities make up 16.1% of total assets at First Florida Integrity Bank. Since , when First Florida Integrity Bank held $1.2 bn, its assets grew 103.6%. In the year to , deposits at First Florida Integrity Bank rose 29.2% while its total assets rose 25.7%. At , First Florida Integrity Bank employed 142 full-time equivalent staff across 7 offices, about $16.8 mn of assets per employee and $292.5 mn of deposits per office.
How much funding at First Florida Integrity Bank is uninsured?
At First Florida Integrity Bank, uninsured deposits (above the FDIC limit) made up 32.05% of domestic deposits at (+0.44 pp on a year earlier). In dollars, First Florida Integrity Bank estimated $656.1 mn of uninsured deposits.
Key facts, Q3 2021
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $2.0 bn | $1.6 bn (Q3 2020) | |
| Net loans and leases | $1.1 bn | $1.2 bn (Q3 2020) | |
| Loan-to-deposit ratio | 53.21% | 77.47% (Q3 2020) | |
| Tier 1 leverage ratio | 7.85% | 8.58% (Q3 2020) | |
| Total risk-based capital ratio | 15.33% | 13.98% (Q3 2020) | |
| Net interest margin | 2.64% | 3.30% (Q3 2020) | |
| Return on assets (ROA) | 1.04% | 0.79% (Q3 2020) | |
| Efficiency ratio | 50.41% | 53.50% (Q3 2020) | |
| Unrealized gain/loss on held-to-maturity securities | Gain of $2.6 mn | Rose by $229,000 | |
| Unrealized gain/loss on available-for-sale securities | Gain of $1.4 mn | Fell by $795,000 | |
| Noncurrent loans to total loans | 0.00% | 0.00% (Q3 2020) | |
| Net charge-offs to average loans | 0.00% | 0.05% (Q3 2020) |
US rank of First Florida Integrity Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
First Florida Integrity Bank: assets, deposits and loans
- Total assets $2.4bn
- Deposits $2.0bn
- Net loans $1.1bn
Capital and securities
The CET1 ratio of First Florida Integrity Bank stood at 14.08% in , +1.35 pp year on year. Low and high at First Florida Integrity Bank since : 10.47% () to 14.08% (). Equity capital of First Florida Integrity Bank at : $190.3 mn, or 8.0% of total assets. First Florida Integrity Bank also reported a total capital ratio of 15.33% for , and a tier 1 leverage ratio of 7.85%.
On held-to-maturity securities, First Florida Integrity Bank carried an unrealized gain of $2.6 mn at , equal to 1.4% of equity capital. The gain rose by $229,000 over the year. Its deepest point: $2.0 mn in . The available-for-sale portfolio of First Florida Integrity Bank showed an unrealized gain of $1.4 mn at ; the gain fell by $795,000 over the year.
First Florida Integrity Bank: capital ratios
- Total capital 15%
- CET1 14%
- Tier 1 leverage 7.9%
First Florida Integrity Bank: unrealized securities gains and losses
- Available for sale $1mn
- Held to maturity $3mn
Profitability and loan quality
For the year to , First Florida Integrity Bank earned a return on equity of 12.95%; return on assets: 1.04%. Net interest margin at First Florida Integrity Bank: 2.64%, -0.66 pp in a year. First Florida Integrity Bank net income: $17.6 mn, up 69.5% year on year. The efficiency ratio of First Florida Integrity Bank was 50.41%: about 50 cents cost per revenue dollar, against 61 cents at the median peer.
At , noncurrent loans were 0.00% of total loans at First Florida Integrity Bank; net charge-offs: 0.00% of average loans. Gross loans and leases at First Florida Integrity Bank: $1.1 bn at , against $1.2 bn at .
First Florida Integrity Bank: profitability
- Return on equity 13%
- Net interest margin 2.6%
- Return on assets 1.0%
Peer group of First Florida Integrity Bank
The peer group of First Florida Integrity Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 2 share the charter type of First Florida Integrity Bank (state member bank) and 0 have head offices in Florida. Against them, First Florida Integrity Bank shows CET1 ratio 14.08% against a peer median of 12.71%, return on equity 12.95% against a peer median of 13.51% and uninsured deposit share 32.05% against a peer median of 35.25%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Armstrong Bank | State member bank | OK | $2.4 bn | 14.88% | 14.62% | 0.00% | |
| Chemung Canal Trust Company | National bank | NY | $2.4 bn | 12.30% | 13.05% | 31.91% | |
| The Fidelity Deposit and Discount Bank | State nonmember bank | PA | $2.4 bn | 13.40% | 13.96% | 42.29% | |
| First Florida Integrity Bank | State member bank | FL | $2.4 bn | 14.08% | 12.95% | 32.05% | |
| Emprise Bank | State nonmember bank | KS | $2.4 bn | 12.12% | 12.73% | 30.97% | |
| Country Club Bank | State member bank | MO | $2.4 bn | 12.84% | 20.06% | 38.82% | |
| Community West Bank | State nonmember bank | CA | $2.3 bn | 12.59% | 11.81% | 38.59% | |
. FDIC Call Reports.
Last eight quarters
Two years at First Florida Integrity Bank, to : assets $1.6 bn to $2.4 bn, deposits $1.3 bn to $2.0 bn, equity $146.1 mn to $190.3 mn. Staff 146 to 142.
| Metric | Q4 2019 | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | Q1 2021 | Q2 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $1.6 bn | $1.6 bn | $1.9 bn | $1.9 bn | $2.0 bn | $2.3 bn | $2.3 bn | $2.4 bn |
| Total deposits | $1.3 bn | $1.3 bn | $1.6 bn | $1.6 bn | $1.7 bn | $1.9 bn | $2.0 bn | $2.0 bn |
| Bank equity capital | $146.1 mn | $149.6 mn | $159.3 mn | $165.5 mn | $171.4 mn | $177.6 mn | $184.1 mn | $190.3 mn |
| CET1 ratio | 11.28% | 11.31% | 12.39% | 12.73% | 12.76% | 13.28% | 13.64% | 14.08% |
| Return on equity (ROE) | 11.91% | 12.76% | 6.22% | 8.91% | 10.33% | 12.50% | 12.86% | 12.95% |
| Uninsured share of domestic deposits | 35.02% | 33.00% | 37.10% | 31.61% | 35.29% | 35.31% | 35.38% | 32.05% |
| Full-time equivalent employees | 146 | 146 | 145 | 144 | 147 | 146 | 149 | 142 |
| Number of offices | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of First Florida Integrity Bank, oldest first; figures before and after each event are not like for like.
- . Merged into First Foundation Bank (FDIC certificate 58647).
Questions and identifiers
What were the total assets of First Florida Integrity Bank?
First Florida Integrity Bank reported $2.4 bn at in its Call Report.
Is First Florida Integrity Bank the same as its holding company?
No. This page covers First Florida Integrity Bank, FDIC certificate 58532; TGR FINANCIAL INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is First Florida Integrity Bank profitable?
First Florida Integrity Bank reported net income of $17.6 mn for the year to ; annualized return on equity: 12.95%. So yes: First Florida Integrity Bank made a profit over these months.
When is data for First Florida Integrity Bank next updated?
First Florida Integrity Bank no longer files Call Reports; its data ends at .
Where can I check the figures for First Florida Integrity Bank?
In the FDIC BankFind Suite record for certificate 58532, and in the Call Reports of First Florida Integrity Bank (RSSD ID 3591282) at the FFIEC Central Data Repository.