Canandaigua Natl Tr Co of Fl
Sarasota, Florida · FDIC Cert #58999
Canandaigua Natl Tr Co of Fl is an FDIC-insured bank (Certificate #58999) with $5M in total assets and $0 in total deposits as of the Q2 2024 Call Report. Headquartered in Sarasota, Florida, the bank maintains a Tier 1 capital ratio of 0.00% (Critically Undercapitalized) and a nonperforming loan ratio of 0.00%. BankHealthData assigns a composite Health Grade of B (65/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Canandaigua Natl Tr Co of Fl (FDIC cert 58999) is a community bank — $5M in total assets, $0 in deposits, serving the Sarasota, Florida area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Tier 1 capital ratio is not disclosed in the most recent Call Report — unusual but possible for new institutions or those filing under specific regulatory exemptions. Asset quality is clean: non-performing loan ratio of 0.00% is below 0.5% — well within the healthy range for U.S. community and regional banks. Clean NPL ratios reflect either disciplined underwriting, a low-credit-risk loan mix, or both. Liquidity is very high: 92.9% of assets in liquid form, well above peer norms. Very high liquidity sometimes reflects a bank still building out its loan portfolio or one operating under specific regulatory liquidity requirements.
Profitability is strong: return on assets of 18.82% is well above the 1.0% benchmark most analysts use as the threshold for a healthy bank. Strong ROA usually reflects disciplined cost management, healthy net interest margins, or both. Health-score trend is essentially stable across the recent-quarters window — the typical pattern for established banks operating in steady-state mode. Canandaigua Natl Tr Co of Fl carries a composite BankHealth grade of B (65/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Canandaigua Natl Tr Co of Fl
- Total Assets
- $5M
- Total Deposits
- $0
- Tier 1 Capital Ratio
- 0.00%
- Capital Status
- Critically Undercapitalized
- Nonperforming Loans
- 0.00%
- Liquidity Ratio
- 92.86%
- Return on Assets
- 18.82%
- Headquarters
- Sarasota, Florida
- FDIC Certificate
- #58999
- Health Grade
- B (65/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Canandaigua Natl Tr Co of Fl holds a Tier 1 capital ratio of 0.00%. This falls below the 6% threshold regulators require, which may subject Canandaigua Natl Tr Co of Fl to additional regulatory scrutiny.
Key Financial Metrics
What This Means For Your Money
Canandaigua Natl Tr Co of Fl shows strong financial health indicators. With $5M in assets and a Health Score of 65/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Canandaigua Natl Tr Co of Fl Compares
Canandaigua Natl Tr Co of Fl’s Health Score of 65 is 9 points below the Florida state average of 74 across 83 FDIC-insured banks. Its 0.00% Tier 1 capital ratio is 14.0 points below the US banking industry average near 14%. The 0.00% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of 18.82% is in line with or above the national ROA benchmark of ~1.1%. Among 17 similarly-sized banks, the average Health Score is 61, meaning this bank ranks above its size cohort. Site-wide, Canandaigua Natl Tr Co of Fl is 5 points below the portfolio average of 70.
Frequently Asked Questions
Canandaigua Natl Tr Co of Fl has a Bank Health Score of B (65/100), placing it in solid financial health. It holds a Tier 1 capital ratio of 0.00%, which is below the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Canandaigua Natl Tr Co of Fl's Tier 1 capital ratio of 0.00% and nonperforming loan ratio of 0.00% indicate a low risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Canandaigua Natl Tr Co of Fl is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #58999). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Canandaigua Natl Tr Co of Fl holds $5M in total assets and $0 in total deposits. It is headquartered in Sarasota, Florida (FDIC Certificate #58999).
Canandaigua Natl Tr Co of Fl has a Tier 1 capital ratio of 0.00%, classifying it as "Critically Undercapitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.00%, and the return on assets is 18.82%.
Yes. Canandaigua Natl Tr Co of Fl is FDIC-insured (Certificate #58999). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An B grade on our Bank Health Score means 70-84/100 — solid financial position with no major stress signals. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Canandaigua Natl Tr Co of Fl's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.