BAC Florida Bank


169 Miracle Mile, Suite R10
Coral Gables, FL 33134
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BAC Florida Bank
Notable Rates APY Vs.Others
Savings N.A. 0.66% →
1-Year CD N.A. 0.71% →
2-Year CD N.A. 0.81% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

BAC Florida Bank is an FDIC insured institution located in Coral Gables, FL. It was founded in 1973 and has approximately $2.27 billion in assets.

FDIC Insured Yes
FDIC Certificate # 21265
Date Established 1973
Assets $ 2.27 billion
Loans $ 1,581.72 million
Deposits $ 1,889.73 million
Capital $ 242.28 million

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.

Deposit Rates - March 1, 2021

Your Current Location: Virginia, VA 20146

Online Only CD Rates of BAC Florida

Online CD Rates APY MIN MAX
6 Month Jumbo
0.40% $5,000 - Learn More
12 Month Jumbo
0.60% $5,000 - Learn More
18 Month Jumbo
0.65% $5,000 - Learn More
24 Month Jumbo
0.65% $5,000 - Learn More
36 Month Jumbo
0.65% $5,000 - Learn More

Bank Online Offers


Loan Rates - March 1, 2021

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 2021

Lender APR Rate (%) Points Fees Monthly
Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.943% 2.875% 0.88 $2,198 $1,038 Learn More
Beeline Loans, Inc.
NMLS ID: 1799947
2.804% 2.750% 0.75 $1,755 $1,021 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to BAC Florida Bank
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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.

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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 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
6.77% 6.14%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of September 30, 2020, BAC Florida Bank had $17,106,000 in non-current loans and $419,000 in owned real estate. To cover these potential losses it had $242,282,000 in equity and $16,688,000 in loans loss reserves. That gives it a Texas Ratio of 6.77%.

Return on Equity
BAC Florida Bank U.S. Bank Average
9.72% 9.23%

BAC Florida Bank has a Return on Equity of 9.72% versus the BestCashCow average of 9.23%. 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.

BAC Florida Bank U.S. Bank Average
10.69% 12.07%

BAC Florida Bank has a Capitalization of 10.69% versus the BestCashCow average of 12.07. 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 September 30, 2020, BAC Florida Bank had assets of $2,266,767,000, loans of $1,581,715,000, and deposits of $1,889,734,000. 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.

Summary Balance Sheet

September 30, 2020
Cash & Balances due from depository institutions $ 403.65 million
Interest-bearing balances $ 348.39 million
Total securities $ 210.02 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,581.72 million
Loan loss allowance $ 16.69 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.42 million
Goodwill and other intangibles $ 2.32 million
All other assets $ 67.53 million
     Total Assets $ 2.02 billion
Total deposits $ 1,889.73 million
      Interest-bearing deposits $ 1,405.43 million
      Deposits held in domestic offices $ 1,889.61 million
      % insured (estimated) 43.51%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 118.59 million
Subordinated debt N.A.
All other liabilities $ 16.16 million
      Total Liabilities $ 2.02 billion
      Shareholders’ Equity $ 242.28 million

Summary Income Statement

September 30, 2020
Total Interest Income $ 60.46 million
Total Interest Expense $ 13.92 million
Net interest income $ 46.55 million
Provision for loan and lease losses $ 2.30 million
Total non interest income $ 7.84 million
Total non interest expense $ 30.56 million
Pre-tax Net Operating Income $ 21.53 million

Bank Loan Profile?

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

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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 73.98
Credit Card Loans 0.03
Consumer Auto Loans 0.00
Small Business Loans 0.42
Construction and Development Loans 0.01
Commercial Real Estate 4.97
Commercial and Industrial Loans 1.92
Farm Loans 0.00

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?


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?

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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?


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

  • November 30, 2015


  • 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?

  • January 06, 2015

    I like to open cd where to start can

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*Should any logos, images or public notes appear on this page,they do so courtesy of Bac Florida Bank and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.