Bank of Florida - Tampa Bay

Headquarters

777 South Harbour Island Boulevard, Suites 125 And 940
Tampa, FL 33602
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.91% →
1-Year CD N.A. 0.85% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Bank of Florida - Tampa Bay is an FDIC insured institution located in Tampa, FL. It was founded in 2004 and has approximately $0.24 billion in assets.

EverBank, Jacksonville, Florida, acquired the banking operations, including all the deposits, of three Florida-based institutions. To protect depositors, the Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement with EverBank. Bank of Florida – Southeast, Fort Lauderdale, Florida; Bank of Florida – Southwest, Naples, Florida; and Bank of Florida – Tampa Bay, Tampa, Florida, were all closed May 28, 2010 by the Florida Office of Financial Regulation, which appointed the FDIC as receiver. The three failed banks were owned by the same holding company, Bank of Florida Corporation, which was not part of this transaction.

FDIC Insured Yes
FDIC Certificate # 57814
Date Established 2004
Assets $ 256.84 million
Loans $ 207.42 million
Deposits $ 221.40 million
Capital $ 14.59 million
 

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

Deposit Rates - December 2, 2020

Your Current Location: Connecticut, CT 06828

 

Loan Rates - December 2, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Bank of Florida - Tampa Bay

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

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Payment
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First Internet Bank
NMLS ID: 424182
2.548% 2.500% 0.63 $1,572 $988 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.583% 2.500% 0.88 $2,728 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
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2.240 %
$0 Learn More
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People's United Bank, N.A.
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4.000 %
$0 Learn More
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Note to Bank of Florida - Tampa Bay
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Branches

Bank of Florida - Tampa Bay 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:
Fairfield,Connecticut


Bank of Florida - Tampa Bay Locations


Financial Details

Bank of Florida - Tampa Bay Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Florida - Tampa Bay. 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
Bank of Florida - Tampa Bay U.S. Bank Average
143.29% 6.94%

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 March 31, 2020, Bank of Florida - Tampa Bay had $32,405,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $14,591,000 in equity and $8,024,000 in loans loss reserves. That gives it a Texas Ratio of 143.29%.

Return on Equity
Bank of Florida - Tampa Bay U.S. Bank Average
-42.09% 7.80%

Bank of Florida - Tampa Bay has a Return on Equity of -42.09% versus the BestCashCow average of 7.80%. 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
Bank of Florida - Tampa Bay U.S. Bank Average
5.68% 12.68%

Bank of Florida - Tampa Bay has a Capitalization of 5.68% versus the BestCashCow average of 12.68. 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.

Bank of Florida - Tampa Bay Balance Sheet Analysis

As of November 30, -0001, Bank of Florida - Tampa Bay had assets of $240,513,000, loans of $207,421,000, and deposits of $221,398,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 207.42 million
Loan loss allowance $ 8.02 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 221.40 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 256.84 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Bank of Florida - Tampa Bay’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Bank of Florida - Tampa Bay’s loan portfolio does not show any specific loan specialty.

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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Bank Of Florida - Tampa Bay

Branches and Savings

Is Bank Of Florida - Tampa Bay FDIC insured?

Yes. It is covered under FDIC Certificate #57814.

Why does Bank Of Florida - Tampa Bay pay such low interest on savings accounts?

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

Why are Bank Of Florida - Tampa Bay CD rates not competitive?

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

Is Bank Of Florida - Tampa Bay a commercial bank?

Yes

Where are Bank Of Florida - Tampa Bay locations?

See branch locations nearby.

Is Bank Of Florida - Tampa Bay open on Saturdays?

Is Bank Of Florida - Tampa Bay open on Sundays?

What time does Bank Of Florida - Tampa Bay open?

What time does Bank Of Florida - Tampa Bay close?

Are Bank Of Florida - Tampa Bay ATMs Open 24/7?

Do Bank Of Florida - Tampa Bay ATMs accept cash deposits?

Can Bank Of Florida - Tampa Bay customers use other ATMs?

Do Bank Of Florida - Tampa Bay branches have notaries?

Will Bank Of Florida - Tampa Bay notarize my document?

What address for Bank Of Florida - Tampa Bay should I put for incoming ACH transfers?

Will the Bank Of Florida - Tampa Bay branch print checks?

Do Bank Of Florida - Tampa Bay checks expire?

Does Bank Of Florida - Tampa Bay require US citizenship to open account?

Can Bank Of Florida - Tampa Bay close my account?

Does Bank Of Florida - Tampa Bay Report to credit bureaus?

Does Bank Of Florida - Tampa Bay Use Equifax?

What is Bank Of Florida - Tampa Bay's ACH Routing Number?

What is Bank Of Florida - Tampa Bay's SWIFT code?

Products

Does Bank Of Florida - Tampa Bay offer mortgages?

Compare mortgage rates here.

Does Bank Of Florida - Tampa Bay offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank Of Florida - Tampa Bay offer personal loans?

Compare personal loan rates here.

Does Bank Of Florida - Tampa Bay offer student loans?

Will Bank Of Florida - Tampa Bay cash a check?

Will Bank Of Florida - Tampa Bay redeem a savings bond?

Does Bank Of Florida - Tampa Bay cash savings bonds?

Will Bank Of Florida - Tampa Bay cash money orders?

Can Bank Of Florida - Tampa Bay issue a money order?

Does Bank Of Florida - Tampa Bay do currency exchange?

Background on The Bank

Who owns Bank Of Florida - Tampa Bay?

How long has Bank Of Florida - Tampa Bay been around?

Can Bank Of Florida - Tampa Bay transfer to other banks?

Does Bank Of Florida - Tampa Bay have quick pay?

Does Bank Of Florida - Tampa Bay accept rolled coins?

Will Bank Of Florida - Tampa Bay accept loose change?

Where is Bank Of Florida - Tampa Bay headquarters?

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