The West Palm Beach-based parent of Fidelity Federal Bank & Trust also reported its ratio of non-performing loans to total loans increased to 36% for the reporting period ended March 31, up from the 28% for the fourth quarter ended Dec. 31.
Commercial mortgage loan receivables totaled about $157 million for the first quarter, up from about $144 million for the three months ended Dec. 31.
The bank holding company reported net income of $558,000, or nine cents a share, on total interest income of $34.6 million for the first quarter, compared with net income of $3 million or 46 cents a share, on total interest income of $30.5 million for the three months ended Dec. 31.
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