Beach Bank


17 Southeast Eglin Parkway
Fort Walton Beach, FL 32548
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.04% 0.85% →
1-Year CD 0.29% 0.75% →
2-Year CD 0.45% 0.80% →
5-Year CD 0.66% 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Beach Bank is an FDIC insured institution located in Fort Walton Beach, FL. It was founded in 2001 and has approximately $0.6 billion in assets. Customers can open an account at one of its 11 branches.

FDIC Insured Yes
FDIC Certificate # 57131
Date Established 2001
Assets $ 602.21 million
Loans $ 419.69 million
Deposits $ 481.18 million
Capital $ 79.85 million

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

Deposit Rates - October 19, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
0.04% $2,500 $4,999 Learn More
Money Market
0.06% $2,500 $2,999 Learn More
Money Market
0.06% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
6 Mo CD
0.22% $10,000 $14,999 Learn More
6 Mo CD
0.22% $100,000 $199,999 Learn More
12 Mo CD
0.29% $10,000 $14,999 Learn More
12 Mo CD
0.29% $100,000 $199,999 Learn More
18 Mo CD
0.37% $10,000 $14,999 Learn More
18 Mo CD
0.37% $100,000 $199,999 Learn More
24 Mo CD
0.45% $10,000 $14,999 Learn More
24 Mo CD
0.45% $100,000 $199,999 Learn More
36 Mo CD
0.54% $10,000 $14,999 Learn More
36 Mo CD
0.54% $100,000 $199,999 Learn More
48 Mo CD
0.60% $10,000 $14,999 Learn More
48 Mo CD
0.60% $100,000 $199,999 Learn More
60 Mo CD
0.66% $10,000 $14,999 Learn More
60 Mo CD
0.66% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.40% $1 $99 Learn MoreShow Less
Int Ckg
0.40% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 19, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Beach Bank

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 2021

Lender APR Rate (%) Monthly
Learn More
First Internet Bank
NMLS ID: 424182
2.921% 2.875%
0.63 points
$1,468 fees
$1,038 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
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
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Beach Bank
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Climate Initiatives

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Financial Details

Beach Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Beach 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
Beach Bank U.S. Bank Average
17.23% 4.78%

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 June 30, 2021, Beach Bank had $556,000 in non-current loans and $14,081,000 in owned real estate. To cover these potential losses it had $79,845,000 in equity and $5,094,000 in loans loss reserves. That gives it a Texas Ratio of 17.23%.

Return on Equity
Beach Bank U.S. Bank Average
2.88% 11.29%

Beach Bank has a Return on Equity of 2.88% versus the BestCashCow average of 11.29%. 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.

Beach Bank U.S. Bank Average
13.26% 11.72%

Beach Bank has a Capitalization of 13.26% versus the BestCashCow average of 11.72. 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.

Beach Bank Balance Sheet Analysis

As of June 30, 2021, Beach Bank had assets of $602,207,000, loans of $419,690,000, and deposits of $481,175,000. 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

June 30, 2021
Cash & Balances due from depository institutions $ 108.73 million
Interest-bearing balances $ 105.21 million
Total securities $ 9.39 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 419.69 million
Loan loss allowance $ 5.09 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 14.08 million
Goodwill and other intangibles $ 0.41 million
All other assets $ 36.66 million
     Total Assets $ 522.36 million
Total deposits $ 481.18 million
      Interest-bearing deposits $ 343.26 million
      Deposits held in domestic offices $ 481.18 million
      % insured (estimated) 67.84%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 35.81 million
Subordinated debt N.A.
All other liabilities $ 5.38 million
      Total Liabilities $ 522.36 million
      Shareholders’ Equity $ 79.85 million

Summary Income Statement

June 30, 2021
Total Interest Income $ 9.19 million
Total Interest Expense $ 1.38 million
Net interest income $ 7.81 million
Provision for loan and lease losses $ 0.30 million
Total non interest income $ 3.64 million
Total non interest expense $ 9.55 million
Pre-tax Net Operating Income $ 1.59 million

Bank Loan Profile?

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

Compared to other banks, Beach Bank’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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 17.55
Credit Card Loans 0.00
Consumer Auto Loans 0.07
Small Business Loans 11.33
Construction and Development Loans 11.14
Commercial Real Estate 49.74
Commercial and Industrial Loans 18.60
Farm Loans 0.00

Frequently Asked Questions About Beach Bank

Branches and Savings

Is Beach Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57131.

Why does Beach Bank pay such low interest on savings accounts?

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

Why are Beach Bank CD rates not competitive?

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

Is Beach Bank a commercial bank?


Where are Beach Bank locations?

See branch locations nearby.

Is Beach Bank open on Saturdays?

Is Beach Bank open on Sundays?

What time does Beach Bank open?

What time does Beach Bank close?

Are Beach Bank ATMs Open 24/7?

Do Beach Bank ATMs accept cash deposits?

Can Beach Bank customers use other ATMs?

Do Beach Bank branches have notaries?

Will Beach Bank notarize my document?

What address for Beach Bank should I put for incoming ACH transfers?

Will the Beach Bank branch print checks?

Do Beach Bank checks expire?

Does Beach Bank require US citizenship to open account?

Can Beach Bank close my account?

Does Beach Bank Report to credit bureaus?

Does Beach Bank Use Equifax?

What is Beach Bank's ACH Routing Number?

What is Beach Bank's SWIFT code?


Does Beach Bank offer mortgages?

Compare mortgage rates here.

Does Beach Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Beach Bank offer personal loans?

Compare personal loan rates here.

Does Beach Bank offer student loans?

Will Beach Bank cash a check?

Will Beach Bank redeem a savings bond?

Does Beach Bank cash savings bonds?

Will Beach Bank cash money orders?

Can Beach Bank issue a money order?

Does Beach Bank do currency exchange?

Background on The Bank

Who owns Beach Bank?

How long has Beach Bank been around?

Can Beach Bank transfer to other banks?

Does Beach Bank have quick pay?

Does Beach Bank accept rolled coins?

Will Beach Bank accept loose change?

Where is Beach Bank headquarters?

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