Florida Capital Bank in Jacksonville has raised $25 million in the last 15 months as it works to meet regulatory capital ratios and overcome a slew of problem loans.   

The $799 million-asset Florida Capital said this week that its directors had invested $10 million in the company during the fourth quarter. That's on top of $15 million it had raised from new and existing directors throughout Florida since late 2010, the Jacksonville Business Journal reported Wednesday.   

Chief Executive Malcolm Jones said that the bank would use the funds to grow business lines, including its national residential mortgage operations, and to address credit problems, according to the the Jacksonville Business Journal.     

Florida Capital lost $31.2 million in 2011 and Dec. 31 almost 9% of its loans were at least 90 days past due, according to data from the Federal Deposit Insurance Corp.

Since Sept. 2010, the bank has been under orders from the Office of the Comptroller of the Currency to maintain a total risk-based capital of at least 12% and a Tier 1 capital ratio of at least 8%. The bank's Tier 1 capital ratio plunged 114 basis points, to 3.38% at Dec. 31, from a year earlier, according to the FDIC. Jones expects that ratio to rise to 5% by the end of this year, the Jacksonville Business Journal reported. Its total risk-based capital was 6.95% at Dec. 31.

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