Ocala, FL - Florida Community Bankshares, Inc., the holding company for Community Bank & Trust of Florida, announced its financial results for the first quarter 2014. The company reported Total Assets of $610.0 million as of March 31, 2014 as well as Net Income of $1.082 million for the quarter. The company also reported that Total Capital was $50.9 million or 8.34% percent of Total Assets. Delinquent Loans were 0.31 percent of Total Loans Outstanding and Non-Performing Assets were 0.73 percent of Total Assets.
"Our local shareholders are proud of our financial performance. We are equally proud of our employees and their involvement in our community. We have created 15 new jobs in the first quarter and opened two new offices last month. We will continue to support our community as responsible corporate citizens providing jobs and banking services on a local level," said Hugh Dailey, president of Community Bank & Trust of Florida. "We are committed to keeping this a great place to live, work and operate a business."
Community Bank & Trust of Florida was established in 1998. The bank is a member of the FDIC and currently has 11 full-service banking offices with locations in Belleview, Gainesville, Ocala, Summerfield and The Villages. Its primary businesses are comprised of deposit, credit, trust, residential loans, commercial loans and investment services. The company has over $610 million in assets and employs 126 people.