Vol. 2, Issue 6, December 2013
Hello... From Lee Frankhouser - President
On behalf of the management and staff of Floridian Community Bank, please accept our early 2013 holiday greetings. As we enter the holiday season we are also entering the fourth quarter of the bank's tenth year. The first three quarters of 2013 have provided many highlights within the bank. Floridian Community Bank was recognized again as a Five Star bank by the Bauer Rating Agency. The bank continues to grow and has reached $281 million in total assets as of October 31, 2013. New loan production increased significantly during the quarter with the year to date new loan production already surpassing the goal for the entire year. All four branch offices continue to grow with new deposit accounts exceeding plan. Of particular note was the Wellington Chamber Commerce recognizing Floridian Community Bank as "Best Emerging Business". We always like to say that "We do banking the old fashioned way." With that in mind, the branch staffs had some fun during the quarter when new customers received an old fashioned "toaster". Some of you may remember those days when banks had these fun giveaways. The bank's strategy is for continued growth to take advantage of certain operating efficiencies while always servicing our customers in a community bank environment. Once again, thank you for your interest in Floridian Community Bank and we always appreciate your referrals. If you ever have any questions I can answer, please call me at 561-632-7885 or email to

Bank News

Dear Valued Clients and Shareholders,

We are pleased to report on Floridian Community Bank's ("FCB") progress for the nine months ending September 30, 2013. Since December 31, 2012 total assets increased from $272 million to $278 million, deposits from $228 million to $239 million, while loans declined from $177 million to $169 million. Our four branch offices located in Broward and Palm Beach counties have continued to attract additional deposit relationships in their respective market areas as a result of the Bank's ongoing outreach efforts and reputation for providing bespoke services.

We expect that lending activity for the fourth quarter 2013 will be robust and make up for the decline experienced during the first nine months. Management continues to work through certain remaining distressed loans as we build additional reserves to provide a cushion for any future losses. Although full year results have not concluded, the Bank expects 2013 to mark the fourth consecutive year of profitability despite the economic hardship still felt by South Florida financial institutions, including FCB.

The Bank's Tier One Leverage and Total Risk Based Capital Ratios at September 30, 2013 were 9.40% and 13.42%, compared to 9.26% and 14.05% at year-end 2012. Both periods' ratios exceed regulatory requirements for a "well capitalized" institution. In comparison to many of our banking peers in South Florida, FCB's asset quality ratios remain well above average. Non-performing assets as a percentage of total assets were 2.30% compared to a South Florida peer average of 5.95%. The aforementioned compiled peer data is as of June 30, 2013 and was provided by Carson Medlin, an investment banking firm specializing in the community banking sector.

During 2013, which also commemorates FCB's ten year anniversary, we were awarded the highest attainable rating of FIVE STARS by Bauer Financial Inc., a national bank rating agency. The coveted distinction is given only to financial institutions with strong asset quality, capital, and profits. There are few banks in South Florida who share such recognition.

Looking ahead, our goal next year is to open an additional branch office within one of the two counties we serve and continue investing in our communities by extending credit to South Floridians. The Board of Directors' primary objective is to protect and enhance our shareholders investment while delivering high levels of service to our clients.

We thank you for your continued trust and patronage.

Joseph S. Marzouca
Chief Executive Officer

Dear Valued Clients and Shareholders,

Need To Refinance Or
Purchase A Home?

We Now Finance Home Mortgage Loans!

Interest rates are still at historic lows.
Take advantage NOW before interest rates increase.

Call today for a NO OBLIGATION Consultation.

Offer of credit is subject to credit approval. *$100 Visa® Rewards Card will be provided if customer calls by Dec. 31, 2014 and closes the loan no later than March 31, 2015. Only one reward card per customer. Please allow 3-4 weeks for delivery of reward card from date of loan closing. This offer does not apply to refinances of existing Floridian Community Bank loans and cannot be combined with any other offer. Floridian Community Bank reserves the right to substitute incentives of equal value due to availability or other reasons. Refer to Visa® Reward Card disclosures, which accompany your card for conditions and terms of use. Visa® is a registered trademark of Visa, Inc. Visa® is not a participant or sponsor of this promotion.

Left to right: Elsa Garrandes, Chief BSA,
Ulises Alonso, SVP/CFO, Joseph Marzouca, CEO,
Lee Frankhouser, President, Andy Sundaram, SVP,
Christine Simpson, SVP
  • Residential Mortgages Available
  • Home Equity Lines
  • Commercial Real Estate Loans
  • Professional Lines of Credit
  • Community/HOA/Condo Association Loans
  • By the way, did we mention we have money to lend?

This is a promotion (bonus) to receive a Toaster and a *$20 Visa gift card by opening a new checking account with a minimum opening deposit of $100 along with direct deposit set-up at account opening. Bonuses will not be provided unless all the requirements herein have been satisfied. There are limited quantities at each branch and the promotion ends when the supply is depleted. Floridian Community Bank makes all decisions concerning this promotion and all decisions are final. No customer can exchange their Toaster for another Toaster. Floridian Community Bank reserves the right to substitute incentives of equal value due to availability or other reasons. Refer to Visa® Card disclosures, which accompany your card for conditions and terms of use. Visa® is a registered trademark of Visa, Inc. Visa® is not a participant or sponsor of this promotion.
Floridian Community Bank
is proud to support the
Cuore d' Italia Scholarship
& Italian Language Awards.
Floridian Community Bank is
Proud to Support
Carver Middle School!

Using Home Equity to Buy an Automobile

Home equity loans are a great way to borrow, and although many homeowners use them for home improvement projects, they can also be used for other purchases, like car buying. Equity grows as the value of your property rises, and many consumers take advantage of the gains in the real estate market without having to actually sell their house, by using convenient home equity loans.

Whereas a home equity line of credit operates much like a credit card, an equity loan is more like a typical bank loan - the kind of loan consumers prefer when looking for a longer repayment schedule and more competitive rates. If you want to borrow a set amount of money with a fixed interest rate over a period of a few years, the home equity option is an appropriate choice.

For example, rather than borrow money from a car dealership (at a high rate of interest and with relatively unfavorable terms) you might be better off borrowing against the equity in your home. The savings over the life of the loan (thanks to a lower interest rate and some potential tax deductions) can be considerable. And as your property continues to increase in market value, the otherwise untapped equity will work for you, to help make needed purchases along the way.

Consider, for instance, a homeowner who bought a house for $200,000 a few years ago and now realizes that the same property is worth $260,000. If the home appreciates in value at a rate of just 6 percent per year for the next three years, it will be worth over $300,000. With an increase in value of more than $40,000, the built-in equity is more than enough to offset the expense of a new vehicle in three years time.

Rather than sell the house to gain access to those funds, however, the homeowner can simply use an equity loan that is paid back at a fixed interest rate over a period of years. Once the loan is repaid, the homeowner's untapped credit is once again available for other purposes. And at tax time, the interest paid on a home equity loan may qualify for an itemized deduction.*

Consult Floridian Community Bank before you begin shopping for your next automobile. With a convenient home equity loan, you may be able to drive away with a great deal without ever having to put a dent in your savings account.

*Consult a tax adviser for information regarding the deductibility of interest and charges.

We'd Like to Congratulate Joanne Dee

The Wellington Chamber is honored to announce the appointment of Joanne Dee to the Board of Directors as well as a member of the Trustee level President's Circle. Joanne was chosen to represent on the Board of Directors for her expertise in banking, philanthropy and community involvement.

Joanne Dee is the Vice President Manager of Floridian Community Bank Wellington. Prior to joining Floridian Community Bank Joanne has spent the last 20 years in the banking industry in the capacity of Private Banker, Business Banker and Branch Manager. Most recently with Regions Bank and BMO Harris Private Banking.

Joanne is a graduate of Leadership Palm Beach Class of 2008 & Leadership Fort Lauderdale Class of 2005. She holds various professional licenses in the areas of real estate and insurance.

Joanne lives in Wellington and enjoys Yoga and cycling in her spare time.

Mortgage Update From Louise Nelson

You May Have Missed the Housing Bottom, But Not the Mortgage Rate Bottom

Mortgage rates rose to nearly two-year highs in June, following concerns that the Fed would begin to unwind its program of purchasing mortgage-backed securities (mbs) and treasury bonds sooner than markets anticipated. In response to this, some Federal Reserve governors and Regional Bank presidents have made statements that the markets are misinterpreting the Fed's intentions. This has calmed markets, allowing mortgage rate increases to flatten out.

The forecast has always been that the Fed will end QE3 but we don't know when or what the process will be. It all depends on the performance of the economy, primarily job growth and inflation. Whether mortgage rates can ease or will continue to move higher depends on these factors.

In perspective - the recent move upward in mortgage rates signals the beginning of a longer-term trend of higher borrowing costs for home buyers. Mortgage rates on home loans are modest by traditional standards, however the ultralow borrowing costs that encouraged millions of homeowners to refinance and helped revive the depressed housing market are quickly becoming a memory.

Louise M. Nelson
VP/Residential Mortgage Sales Manager

5599 South University Drive • Davie, FL 33328 • 954-434-8050

14235 US Highway 1 • Juno Beach, FL 33408 • 561-630-5778

4850 West Atlantic Ave. • Delray Beach, FL 33445 • 561-496-2690

1314 Greenview Shores Blvd. • Wellington, FL 33414 • 561-333-5773