BAC Florida Bank

169 Miracle Mile, Suite R10
Coral Gables, FL 33134

Visit BAC Florida Bank Website

BAC Florida Bank

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 21265
Date Established 1973
Assets $2.01 billion
Loans $1.54 billion
Deposits $1.63 billion
Capital $0.17 billion

BAC Florida Bank is an FDIC insured institution located in Coral Gables, FL. It was founded in 1973 and has approximately $2.01 billion in assets.

For a more detailed analysis of BAC Florida Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in BAC Florida Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks in Florida, BAC Florida Bank has a significantly higher percent of 1-4 Family Residential Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 70.23
Multifamily
Mortgages
2.71
Credit Card Loans 0.06
Consumer Auto Loans 0.00
Small Business Loans 0.58
Construction and Development Loans 0.11
Commercial Real Estate 3.30
Commercial and Industrial Loans 8.29
Farm Loans 0.00

Savings Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.50% $10,000 $49,999 Learn MoreShow Less
3 Mo CD 100K
0.50% $100,000 $499,999 Learn MoreShow Less
6 Mo CD 10K
0.50% $10,000 $49,999 Learn MoreShow Less
6 Mo CD 100K
0.50% $100,000 $499,999 Learn MoreShow Less
Savings Rates APY MIN MAX
Savings 2.5K
0.05% $1 $4,999 Learn MoreShow Less
MM Rates APY MIN MAX
MM 2.5K
0.10% $1 $4,999 Learn MoreShow Less
MM 10K
0.10% $5,000 $24,999 Learn MoreShow Less
MM 25K
0.15% $25,000 - Learn MoreShow Less
PREMM Rates APY MIN MAX
Premium MM 10K
0.50% $1 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.05% $5,000 $24,999 Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for BAC Florida Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Poli Mortgage Group Inc
NMLS ID: 1979
License#: MC-5501
3.875% 3.875% 0.00 $0 $1,176 Learn More
Cornerstone Home Lending
NMLS ID: 119622
License#: MC-4673
4.000% 4.000% 0.00 $0 $1,194 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to BAC Florida Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

BAC Florida Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Bac Florida Bank Locations

Financial Details

BAC Florida Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of BAC Florida Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
BAC Florida Bank U.S. Bank Average
4.31% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, BAC Florida Bank had $3,888,000 in non-current loans and $4,221,000 in owned real estate. To cover these potential losses it had $172,040,000 in equity and $16,124,000 in loans loss reserves. That gives it a Texas Ratio of 4.31%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
BAC Florida Bank U.S. Bank Average
10.3% 8.58

BAC Florida Bank has a Return on Equity of 10.3% versus the BestCashCow average of 8.58. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
BAC Florida Bank U.S. Bank Average
8.57% 12.11

BAC Florida Bank has a Capitalization of 8.57% versus the BestCashCow average of 12.11. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

BAC Florida Bank Balance Sheet Analysis

As of June 30, 2017, BAC Florida Bank had assets of $2,008,210,000, loans of $1,535,633,000, and deposits of $1,633,618,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Frequently Asked Questions About BAC Florida Bank

Branches and Savings

Is BAC Florida Bank FDIC insured?

Yes. It is covered under FDIC Certificate #21265.

Why does BAC Florida Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are BAC Florida Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is BAC Florida Bank a commercial bank?

Yes

Where are BAC Florida Bank locations?

See branch locations nearby.

Is BAC Florida Bank open on Saturdays?

Is BAC Florida Bank open on Sundays?

What time does BAC Florida Bank open?

What time does BAC Florida Bank close?

Are BAC Florida Bank ATMs Open 24/7?

Do BAC Florida Bank ATMs accept cash deposits?

Can BAC Florida Bank customers use other ATMs?

Do BAC Florida Bank branches have notaries?

Will BAC Florida Bank notarize my document?

What address for BAC Florida Bank should I put for incoming ACH transfers?

Will the BAC Florida Bank branch print checks?

Do BAC Florida Bank checks expire?

Does BAC Florida Bank require US citizenship to open account?

Can BAC Florida Bank close my account?

Does BAC Florida Bank Report to credit bureaus?

Does BAC Florida Bank Use Equifax?

What is BAC Florida Bank's ACH Routing Number?

What is BAC Florida Bank's SWIFT code?

Products

Does BAC Florida Bank offer mortgages?

Compare mortgage rates here.

Does BAC Florida Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does BAC Florida Bank offer personal loans?

Compare personal loan rates here.

Does BAC Florida Bank offer student loans?

Will BAC Florida Bank cash a check?

Will BAC Florida Bank redeem a savings bond?

Does BAC Florida Bank cash savings bonds?

Will BAC Florida Bank cash money orders?

Can BAC Florida Bank issue a money order?

Does BAC Florida Bank do currency exchange?

Background on The Bank

Who owns BAC Florida Bank?

How long has BAC Florida Bank been around?

Can BAC Florida Bank transfer to other banks?

Does BAC Florida Bank have quick pay?

Does BAC Florida Bank accept rolled coins?

Will BAC Florida Bank accept loose change?

Where is BAC Florida Bank headquarters?

Customer Reviews for BAC Florida Bank


  • GERSHON INVESTMENTS LLC

    November 30, 2015

    WHAT ARE YOUR BEST RATES FOR UPTO $100,000 FOR 12 MONTHS CD FOR LLC .

  • gene court

    February 23, 2015

    Can I open a CD account in the name of an Inter=Vivos trust account? Do we have to visit one of your banks to open the account?

  • maria jochym

    January 06, 2015

    I like to open cd where to start can

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