Florida Community Bankshares reports 90% increase in income

Published: Monday, January 21, 2013 at 10:08 a.m.
Last Modified: Monday, January 21, 2013 at 10:08 a.m.

Florida Community Bankshares, Inc., the holding company for Community Bank & Trust of Florida, reported net income of $4.731 million for year ending Dec. 31, a 90 percent increase over the previous year.

Total capital for that period increased to $59.9 million, or 10.53 percent of total assets. The company reported delinquent loans of 0.37 percent of total loans outstanding and non-performing loans were 1.45 percent of total loans — both an improvement over last year.

In addition, the company reported total assets of $569.7 million.

As a result of its performance, the company's board increased dividends by 50 percent, to 15 cents per share.

Community Bank & Trust of Florida was established in 1998 and has nine branches, including its latest addition in Spruce Creek. Offices are located in Ocala, Belleview, Gainesville, Summerfield and The Villages. The company employs 118 people.

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