BankFlorida

Headquarters

450 University Blvd
Jupiter, FL 33458
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD 0.50% 0.95% →
2-Year CD 0.60% 1.05% →
5-Year CD 1.01% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

BankFlorida is an FDIC insured institution located in Jupiter, FL. It was founded in 2007 and has approximately $0.11 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 58537
Date Established 2007
Assets $ 106.92 million
Loans $ 66.59 million
Deposits $ 95.07 million
Capital $ 10.42 million
 

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

Deposit Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.20% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.20% $10,000 $14,999 Learn More
3 Mo CD
0.20% $100,000 $199,999 Learn More
6 Mo CD
0.45% $10,000 $14,999 Learn More
6 Mo CD
0.45% $100,000 $199,999 Learn More
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.50% $100,000 $199,999 Learn More
18 Mo CD
0.50% $10,000 $14,999 Learn More
18 Mo CD
0.50% $100,000 $199,999 Learn More
24 Mo CD
0.60% $10,000 $14,999 Learn More
24 Mo CD
0.60% $100,000 $199,999 Learn More
36 Mo CD
0.75% $10,000 $14,999 Learn More
36 Mo CD
0.75% $100,000 $199,999 Learn More
48 Mo CD
0.75% $10,000 $14,999 Learn More
48 Mo CD
0.75% $100,000 $199,999 Learn More
60 Mo CD
1.01% $10,000 $14,999 Learn More
60 Mo CD
1.01% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $99 Learn MoreShow Less
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for BankFlorida

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

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,122 $1,021 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
See Table
2.990 %
$0 Learn More
More Info

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

Branches

BankFlorida 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


BankFlorida Locations


Financial Details

BankFlorida Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of BankFlorida. 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
BankFlorida U.S. Bank Average
7.04% 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, BankFlorida had $776,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $10,418,000 in equity and $607,000 in loans loss reserves. That gives it a Texas Ratio of 7.04%.

Return on Equity
BankFlorida U.S. Bank Average
-3.01% 7.80%

BankFlorida has a Return on Equity of -3.01% 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
BankFlorida U.S. Bank Average
9.74% 12.68%

BankFlorida has a Capitalization of 9.74% 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.

BankFlorida Balance Sheet Analysis

As of March 31, 2020, BankFlorida had assets of $106,920,000, loans of $66,593,000, and deposits of $95,074,000. 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 $ 22.51 million
Interest-bearing balances $ 20.94 million
Total securities $ 11.52 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 66.59 million
Loan loss allowance $ 0.61 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 $ 2.94 million
     Total Assets $ 96.50 million
LIABILITIES
Total deposits $ 95.07 million
      Interest-bearing deposits $ 79.83 million
      Deposits held in domestic offices $ 95.07 million
      % insured (estimated) 70.10%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 1.00 million
Subordinated debt N.A.
All other liabilities $ 0.43 million
      Total Liabilities $ 96.50 million
      Shareholders’ Equity $ 10.42 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.89 million
Total Interest Expense $ 0.32 million
Net interest income $ 0.57 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.05 million
Total non interest expense $ 0.72 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

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

Compared to other banks in Florida, BankFlorida has a significantly higher percent of Multifamily Mortgages 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 41.48
Multifamily
Mortgages
8.33
Credit Card Loans 0.00
Consumer Auto Loans 0.07
Small Business Loans 0.00
Construction and Development Loans 1.79
Commercial Real Estate 28.14
Commercial and Industrial Loans 8.55
Farm Loans 0.00

Frequently Asked Questions About Bankflorida

Branches and Savings

Is Bankflorida FDIC insured?

Yes. It is covered under FDIC Certificate #58537.

Why does Bankflorida pay such low interest on savings accounts?

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

Why are Bankflorida CD rates not competitive?

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

Is Bankflorida a commercial bank?

Yes

Where are Bankflorida locations?

See branch locations nearby.

Is Bankflorida open on Saturdays?

Is Bankflorida open on Sundays?

What time does Bankflorida open?

What time does Bankflorida close?

Are Bankflorida ATMs Open 24/7?

Do Bankflorida ATMs accept cash deposits?

Can Bankflorida customers use other ATMs?

Do Bankflorida branches have notaries?

Will Bankflorida notarize my document?

What address for Bankflorida should I put for incoming ACH transfers?

Will the Bankflorida branch print checks?

Do Bankflorida checks expire?

Does Bankflorida require US citizenship to open account?

Can Bankflorida close my account?

Does Bankflorida Report to credit bureaus?

Does Bankflorida Use Equifax?

What is Bankflorida's ACH Routing Number?

What is Bankflorida's SWIFT code?

Products

Does Bankflorida offer mortgages?

Compare mortgage rates here.

Does Bankflorida offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bankflorida offer personal loans?

Compare personal loan rates here.

Does Bankflorida offer student loans?

Will Bankflorida cash a check?

Will Bankflorida redeem a savings bond?

Does Bankflorida cash savings bonds?

Will Bankflorida cash money orders?

Can Bankflorida issue a money order?

Does Bankflorida do currency exchange?

Background on The Bank

Who owns Bankflorida?

How long has Bankflorida been around?

Can Bankflorida transfer to other banks?

Does Bankflorida have quick pay?

Does Bankflorida accept rolled coins?

Will Bankflorida accept loose change?

Where is Bankflorida headquarters?

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