# FIRST CITY BANK OF FLORIDA
FORT WALTON BEAC, FL · FDIC certificate 16748 · asset band <$300M · latest filing 2020-09 · FAILED

**Verdict on the desk:** this could be *credit-stressed*. Composite score 9 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $136.6M | |
| Deposits | $133.9M | |
| Loans and leases | $60.6M | |
| Total equity | $2.1M | |
| Loans / deposits | 44.19% (p12 of band) | 72.51% |
| Liquid assets / assets | 37.28% (p57 of band) | |
| Uninsured deposits / deposits | 12.27% (p29 of band) | 17.44% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p20 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 1.41% (p0 of band) | 10.85% |
| Unrealized securities loss / equity | 11.21% (p93 of band) | 2.55% |
| AOCI / equity | 7.71% (p95 of band) | |
| ROA (annualized) | -1.46% (p2 of band) | 0.95% |
| Net interest margin | 3.74% (p61 of band) | 3.57% |
| Efficiency ratio | 148.18% (p99 of band) | |
| Noncurrent loans | 1.65% (p80 of band) | 0.49% |
| Net charge-offs (annualized) | 0.39% (p96 of band) | |
| Reserve coverage of noncurrent | 143.54% | |
| Real estate % of loans | 89% | |
| Construction % of loans | 448.49% (p100 of band) | |
| Auto loans | $123,000 (0.20% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 1.5% | |
| Employees | 33 | |

## Flags firing in the latest filing

- **leverage <7%** (`cap_low`)
- **leverage <5%** (`cap_critical`)
- **capital falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **charge-offs p90** (`aq_nco`)
- **construction >100% equity** (`conc_construction`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 8 | leverage <7%, leverage <5%, losing money, expense ratio p90, noncurrent p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 8 |  |  |
| 2011-09 | 8 |  |  |
| 2011-12 | 8 |  |  |
| 2012-03 | 9 | assets shrinking |  |
| 2012-06 | 9 | deposits shrinking | losing money |
| 2012-09 | 10 | uninsured deposits leaving |  |
| 2012-12 | 8 | losing money | assets shrinking, deposits shrinking, uninsured deposits leaving |
| 2013-03 | 9 | capital falling |  |
| 2013-06 | 8 |  | capital falling |
| 2013-09 | 8 |  |  |
| 2013-12 | 10 | deposits shrinking, assets shrinking |  |
| 2014-03 | 11 | capital falling |  |
| 2014-06 | 10 |  | capital falling |
| 2014-09 | 9 |  | losing money |
| 2014-12 | 8 |  | assets shrinking |
| 2015-03 | 8 | losing money | deposits shrinking |
| 2015-06 | 9 | capital falling |  |
| 2015-09 | 10 | deposits shrinking, assets shrinking | capital falling |
| 2015-12 | 10 | uninsured deposits leaving | assets shrinking |
| 2016-03 | 10 | assets shrinking | uninsured deposits leaving |
| 2016-06 | 11 | capital falling |  |
| 2016-09 | 9 | charge-offs p90 | deposits shrinking, assets shrinking, capital falling |
| 2016-12 | 9 | brokered >10%, wholesale funding >15% | losing money, charge-offs p90 |
| 2017-03 | 10 | losing money |  |
| 2017-06 | 11 | capital falling |  |
| 2017-09 | 13 | deposits shrinking, assets shrinking |  |
| 2017-12 | 13 |  |  |
| 2018-03 | 11 |  | brokered >10%, wholesale funding >15% |
| 2018-06 | 10 |  | capital falling |
| 2018-09 | 10 |  |  |
| 2018-12 | 11 | uninsured deposits leaving |  |
| 2019-03 | 11 |  |  |
| 2019-06 | 11 | capital falling | uninsured deposits leaving |
| 2019-09 | 12 | charge-offs p90 |  |
| 2019-12 | 12 | uninsured deposits leaving | capital falling |
| 2020-03 | 11 |  | charge-offs p90 |
| 2020-06 | 12 | capital falling, charge-offs p90 | deposits shrinking |
| 2020-09 | 9 |  | noncurrent p90, reserve under noncurrent, uninsured deposits leaving |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2020-10-20 [First City Bank of Florida is forced to close its doors - nwfdailynews.com](https://news.google.com/rss/articles/CBMiugFBVV95cUxNQlFRVlBNZzlNV29SaGNOa3dWVnVfM3VaVG9rMDBoVDhlQ3ZiNmF3Z2RWUjV4ZGppbkkydUlwRnVERERxTGlfdFVRdjJtVlBObzdoS0w2NFptRjZBMkg5czJtajRiY1ZScWI2T204YVpjVXlUYzNPM3QwdUZNLXc2QVdjZjdSSkhEYV9CLUZWRkdQRjd3RlBMSWJDVllQMXZZRWF1MzI2QVJUUzM2bzJlNWpSdjFxazhIeXc?oc=5) · nwfdailynews.com
- 2020-10-19 [Regulators close Florida’s First City Bank, 2020’s 3rd bank failure - Banking Dive](https://news.google.com/rss/articles/CBMieEFVX3lxTE4xQ3pFQUFUZ2tBUjhJbVVYclQ0X0w2M3Jpd3FyMnU4dTdhY25jYmxFWmk3TE1uRlp2dlNJTW9YM3cxQmhoMVF2VXJTRjhMczg3Y1VYR0phT3RScElzMXRLVWpKN3laUl9xSUpCOGRuUGh4YkNyLUtQRQ?oc=5) · Banking Dive
- 2022-04-27 [BeachBank in Fort Walton Beach to be acquired by The First Bank - Get The Coast](https://news.google.com/rss/articles/CBMikgFBVV95cUxPUVhPZklTX0FpcU5mbUxmaHI1WU5Wckd4aWw4OWJIRDZVZWVfS1dWOVFrUnNXQ21ORGR6c1pVeTZoYUxZZHBTb0N2Q3A5NTM2eEJnVldlQ1lTdG4tRjNsMk1kaURhejF5R3dISVZudVQ3ZGs3M3F6VmZBUUZkNmRkT1JkNlhsMGp1RnluUVg2VUhqZw?oc=5) · Get The Coast
- 2024-12-04 [List of Recent Failed Banks in the United States (2023-2024) - Norada Real Estate Investments](https://news.google.com/rss/articles/CBMia0FVX3lxTE4zaWFvQzhqc24zdE1QZ1haYnk2b1NsLWxONmNTTV9jVldzbjZqLUM1NV85U3dyaENaUGhWVm0wdllpUlNMZlIteHExdVUzS0JTdXlRWTJiUGJfaEtZSk5wcWhNNG1ZS0U5Y0Vz?oc=5) · Norada Real Estate Investments
- 2026-08-24 [Failed Banks In The US: An Analysis By Year, Size And More - Forbes](https://news.google.com/rss/articles/CBMibEFVX3lxTE9SRkVrQmdfS2FWVWlBdzNCcy1OTlAyNlVSUEpoMG5WVllXR0V1dW5NSFBRSW91OUFjZ055S3dyS3RaaVg3dVc3UU12XzhENE5nanJFeEExR016RTR4Y1BERHVJSHlzSDNqS3pUWQ?oc=5) · Forbes
- 2024-04-01 [These 13 Banks Have Failed and Gone Under in the Last 5 Years - FinanceBuzz](https://news.google.com/rss/articles/CBMiYkFVX3lxTE9mOWlnYTlzdnlQV0NuZDA4Z05lWG0yTEVsM29sbWszNVhHcjBVYXhaZ2YtYnR2bFRHLWk5bnozWUVvdkF3bnBfcHV2QXlJbkdwQWswbUJtYTJKcVY0XzV5OS13?oc=5) · FinanceBuzz
- 2023-03-13 [The collapse of Silicon Valley Bank: What does it mean? - CBC](https://news.google.com/rss/articles/CBMifEFVX3lxTE5hczFoVGFySV9FMFdlRk15bUt0YWYyc0p5aEdqMmU1cjJ5ejJsaEtBZWZzQ1hZdnRzS0dRa3FUZmFNeXRRTDJ2R3lRc1dkMlZHX0d0Vk9zZWtXR05WencydFk0dFdYN0NKbG9HM0s4bE1TbGRzU3JEWHdMb2w?oc=5) · CBC

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=16748 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/44.json (key "16748", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide