Florida Community Bankshares, Inc. Reports Continued Earnings Growth from Improving Credit Conditions in Third Quarter

Florida Community Bankshares, Inc., the holding company for Community Bank & Trust of Florida, announced its financial results for the third quarter of 2012. The company reported Total Assets of $552.6 million as of September 30, 2012, as well as Net Income of $1.3 million for the third quarter, and $3.2 million Year to Date. The company also reported that Total Capital increased to $59.4 million or 10.75% of Total Assets. Delinquent Loans were 0.19% of Total Loans Outstanding and Non-Performing Assets were 2.23% of Total Assets.

“Once again we enjoyed solid earnings growth in the third quarter,” said Hugh F. Dailey, president of Community Bank & Trust of Florida.  “We also opened our ninth office, as we continue our expansion and growth strategy. Our ability to expand while many banks are limited by their economic circumstances is a testament to the strength of our balance sheet and our talented employees.”

Community Bank & Trust of Florida was established in 1998. The bank is a member of the FDIC and currently has 9 full-service banking offices with locations in Belleview, Gainesville, Ocala, Summerfield and The Villages. Its primary businesses are comprised of deposit, credit, trust, residential and commercial loans and investment services. The company has $552 million in assets and employs 115 people.