FOR IMMEDIATE RELEASE
For further information contact:
Community Bank & Trust of Florida
352-369-1000
January 19, 2012
Community Bank & Trust of Florida Announces Earning Results
Ocala, FL - Florida Community Bankshares, Inc., the holding company for Community Bank & Trust of Florida, announced its financial results for 2011. The company reported Total Assets of $546.3 million as of December 31, 2011 as well as Net Income of $2.273 million for the year. The company also reported that Total Capital increased to $56.2 million or 10.29% of Total Assets. Delinquent Loans were 0.29% of Total Loans Outstanding and Non-Performing Assets were 2.19% of Total Assets. The audited results are expected to be available in March, 2012.
The financial performance of the company created the opportunity for the board to declare the company's first dividend for its shareholders. On January 13th, the company mailed dividend checks of 10 cents per share to its shareholders.
"We are committed to contributing to the communities where we do business. We were able to distribute dividends to our local shareholders in a tough economy instead of funneling profits through Wall Street like the Big Banks." Hugh F. Dailey, President of the company, said. "We do not have European investments or exotic investments that we don't understand. We have local employees that live and work here just like our customers. We are proud of our folks and we are looking forward to improvements in our local economy in 2012."
Community Bank & Trust of Florida was established in 1998. The bank is a member of the FDIC and has 8 full-service banking offices along with trust and investment services. The company employs 109 people with banking offices located in Gainesville, Ocala, Belleview and The Villages.
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