# FIRST CITRUS BANK
TAMPA, FL · FDIC certificate 34899 · asset band $300M-1B · latest filing 2022-09 · stopped filing (departed)

**Verdict on the desk:** this could be *ordinary*. Composite score 0 (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 | $692.1M | |
| Deposits | $627.6M | |
| Loans and leases | $404.1M | |
| Total equity | $57.8M | |
| Loans / deposits | 63.71% (p34 of band) | 72.27% |
| Liquid assets / assets | 39.17% (p67 of band) | |
| Uninsured deposits / deposits | 42.29% (p88 of band) | 27.64% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p26 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 8.25% (p10 of band) | 9.98% |
| Unrealized securities loss / equity | -0.05% (p98 of band) | -28.34% |
| AOCI / equity | -0.04% (p95 of band) | |
| ROA (annualized) | 0.87% (p31 of band) | 1.08% |
| Net interest margin | 3.46% (p58 of band) | 3.33% |
| Efficiency ratio | 68.20% (p64 of band) | |
| Noncurrent loans | 0.00% (p5 of band) | 0.24% |
| Net charge-offs (annualized) | 0.00% (p35 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 89% | |
| Construction % of loans | 58.61% (p53 of band) | |
| Auto loans | $21,000 (0.01% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 1.8% | |
| Employees | 94 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 2 |  |  |
| 2011-09 | 2 |  |  |
| 2011-12 | 1 |  | wholesale funding >15% |
| 2012-03 | 3 | deposits shrinking, assets shrinking |  |
| 2012-06 | 4 | uninsured deposits leaving |  |
| 2012-09 | 4 |  |  |
| 2012-12 | 1 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2013-03 | 3 | wholesale funding >15%, capital falling |  |
| 2013-06 | 3 |  |  |
| 2013-09 | 3 |  |  |
| 2013-12 | 3 |  |  |
| 2014-03 | 4 | loans exceed deposits |  |
| 2014-06 | 4 | charge-offs p90 | reserve under noncurrent |
| 2014-09 | 5 | construction >100% equity |  |
| 2014-12 | 4 |  | charge-offs p90 |
| 2015-03 | 1 |  | capital falling, loans exceed deposits, construction >100% equity |
| 2015-06 | 3 | loans exceed deposits, reserve under noncurrent |  |
| 2015-09 | 4 | capital falling |  |
| 2015-12 | 4 |  |  |
| 2016-03 | 4 | brokered >10% | loans exceed deposits |
| 2016-06 | 2 |  | reserve under noncurrent, brokered >10% |
| 2016-09 | 3 | reserve under noncurrent |  |
| 2016-12 | 4 | loans exceed deposits |  |
| 2017-03 | 4 | charge-offs p90 | loans exceed deposits |
| 2017-06 | 4 | loans exceed deposits, brokered >10% | capital falling, charge-offs p90 |
| 2017-09 | 3 |  | loans exceed deposits |
| 2017-12 | 3 | construction >100% equity | brokered >10% |
| 2018-03 | 3 | charge-offs p90 | wholesale funding >15% |
| 2018-06 | 2 |  | reserve under noncurrent |
| 2018-09 | 1 |  | charge-offs p90 |
| 2018-12 | 1 |  |  |
| 2019-03 | 0 |  | construction >100% equity |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 1 | capital falling |  |
| 2020-09 | 0 |  | capital falling |
| 2020-12 | 0 |  |  |
| 2021-03 | 0 |  |  |
| 2021-06 | 0 |  |  |
| 2021-09 | 1 | capital falling |  |
| 2021-12 | 0 |  | capital falling |
| 2022-03 | 0 |  |  |
| 2022-06 | 0 |  |  |
| 2022-09 | 0 |  |  |

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

- 2024-11-11 [Michigan credit union’s deal for Florida bank extends M&A record - Banking Dive](https://news.google.com/rss/articles/CBMi2AFBVV95cUxPd1N5UVBkTW81S0lueGJfSFN4QTNYeHZKRE5jTzdHQ2JNSFVoWUtmbkdTQ2JvalBGa2lVT3ctVlc3U3gyT21MeWlxZTdCM2xDUElOQ0RHdXAyNzlDODM1TXRJaVJ3RDhtUnhqdi04MHhqOVlKUHJwMDlub1REX3dQdUVWSUU5TTl3OXFxTTE2QXlSMlAyLWdPb3dOU0xBdW1OU21jQ0xvQnNscWJhVXF3S0wtT1l4azE5czBSbTF0YW9RSzNGLVFSQTA5MjlPVWZoeWl2XzRrTzQ?oc=5) · Banking Dive
- 2022-05-12 [Michigan credit union to acquire Tampa-based bank - Business Observer](https://news.google.com/rss/articles/CBMipAFBVV95cUxPaEFZS01ydk5HUHlIUVhJTDV4b2toUUhpdzN2akU3ZG1rT3p2Znc2V1RMMURWUVNDOW9nVmZFUWZva0pMX0lmNmpUS29QUy15MGZKYzFGN0lESlNpb3BJQTZoZlk2d29BUjlXb0dfVmxCamJiMFJNcTFMOW9lVDBOT3VQUHN4cHZPUmFzTDljN1M5X1dnTVhNZk1XOGp6bTRUVzZjSg?oc=5) · Business Observer
- 2022-05-12 [Tampa’s First Citrus Bank merging with Michigan credit union in $100M deal - Tampa Bay Times](https://news.google.com/rss/articles/CBMiwAFBVV95cUxOUjE5czV6ellTX3Y1WjZnLUxDajBtM1hERzJpQzNwanRaN0ZhSV9KeTh5UzZsZHpVME5OMTVteGN3b0diNnFjZlowQWZKQ1FCWVdZZzJDNkg3ODhnWGdVSV9ERGZva0wwcVMyblVVSG9WRDFHWDRwcVBidENuOEdHT0ZmRC02MlVtbDZxb3Rkb2dNOEt0empIYmtRMHhpekJqaWhuTHMxeVY3UkZoVHM3WldsMGs4UzJrMHVPSnFsWVU?oc=5) · Tampa Bay Times
- 2022-05-13 [Michigan credit union to merge with First Citrus Bank and open HQ in Tampa Bay - The Business Journals](https://news.google.com/rss/articles/CBMijgFBVV95cUxPQ0dRSFBadU90Y0hsal9xVm55NXZiQUpuT1lDRGljMjlsRXhfLVZjRFVhODBEOFVva2xwbVp4cy0zdy1LcEJmWlBfUVM3SEJlOTcyMHNrcDVWRVI0U0pJNGxXbUNLeVh0WnhUdWxwYzBLUzBLQlVKaG55bzhxajR1dXh2VVFmZDRNOFFkWktB?oc=5) · The Business Journals
- 2025-07-11 [Snapped Up - Florida Trend](https://news.google.com/rss/articles/CBMibEFVX3lxTE5PMTNDVmhsVWRmU01lcG40c2Q1S0VIQ1B2SjFWazB1Y0J4bF9RV00wMHN1VHRZNlRESTM0UGdTWVJjSU5jVXZKZzJRTmk1WG5GU2FvczdsTTZha0RnbUVrRl8wZFJEVkRfcEtFcQ?oc=5) · Florida Trend
- 2023-09-25 [MidWestOne to exit Florida by selling branches to credit union - American Banker](https://news.google.com/rss/articles/CBMisAFBVV95cUxNSkFkaHU1UWx4WjFCV2s4Q2N2ZTNlMnJoMTVSNjFsVEEtY3FyM1RTMkY4bndMenZxU1QzQXV1SjNBZXpkOWotMFd1TU8tWC02RGdZV29URkZjOXd4QUQ4NEppZTcyMnAtX0FtR1FrZ1ZyQzV2cDZoMG1KX2JtWTZpZW9tRWtzZ04xRmc4eExZYlpaajVKQldtU0x2aDdaWVByS0I2WDF1ejh1algzNzUxYQ?oc=5) · American Banker
- 2022-12-15 [Michigan credit union to acquire Florida bank in year’s 13th such tie-up - Banking Dive](https://news.google.com/rss/articles/CBMitgFBVV95cUxPcXRvbDRWSUhmU1pnLUUybk9ZWk5YYU8zWlBMOVVCYXRqQzVjZk1Rb2drUmtDMFZfdEFEckdmVThlWU1XaEt6SVJKS0wtV2pOcWRsZTA4TmpLZlpVUTFncVBydWpPRmFsYWIwYmtBVWxCUENwek1XX3F6alRpX1JldGwwRlQ4UjB0QmZTV1ZycDdCa3h0RXdnMXBHbmdiTkw2Rzh0X1BkOXVQU3dkSWV2enRISE4tdw?oc=5) · Banking Dive
- 2022-08-08 [Shareholders OK Michigan credit union’s acquisition of Tampa bank - Business Observer](https://news.google.com/rss/articles/CBMiuAFBVV95cUxObWVudjJUOGs3Vjl0T0RWa3YtNXJ4WnZ4d0ljaFFtdkJBYlZrTDZOSm1DSkFZZUNHTFZTYmxzMmdBLVIzbW0xYmFpRWdVLXJ4R0VZVGpTRVZNSUFBX2MzWVI5bXRBTjhiWENkbGxzN09GMUhqdk5PS3hqUUJiVTRwbXlOdVVNX1VkQnhwMVJTdkd0SmhDWS1kT3VjbXdGcXRhZDQ3TEpaaWZCMktHbHNuNTRtNkVycko0?oc=5) · Business Observer

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=34899 (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/19.json (key "34899", 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