Biscayne Bank

Headquarters

2601 South Bayshore Drive, 6th Floor
Coconut Grove, FL 33133
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 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

Biscayne Bank is an FDIC insured institution located in Coconut Grove, FL. It was founded in 2005 and has approximately $1.02 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 57973
Date Established 2005
Assets $ 989.89 million
Loans $ 871.24 million
Deposits $ 788.20 million
Capital $ 90.17 million
 

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

Deposit Rates - September 22, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 22, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Biscayne 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 2020

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Payment
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Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.816% 2.750% 0.88 $2,132 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
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4.000 %
$0 Learn More
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Third Federal Savings and Loans
Third Federal Savings and Loans
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2.990 %
$0 Learn More
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Note to Biscayne Bank
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Branches

Biscayne 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:
Fairfield,Connecticut


Biscayne Bank Locations


Financial Details

Biscayne Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Biscayne 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
Biscayne Bank U.S. Bank Average
2.99% 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, Biscayne Bank had $672,000 in non-current loans and $2,286,000 in owned real estate. To cover these potential losses it had $90,168,000 in equity and $8,703,000 in loans loss reserves. That gives it a Texas Ratio of 2.99%.

Return on Equity
Biscayne Bank U.S. Bank Average
17.68% 7.80%

Biscayne Bank has a Return on Equity of 17.68% 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
Biscayne Bank U.S. Bank Average
9.11% 12.68%

Biscayne Bank has a Capitalization of 9.11% 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.

Biscayne Bank Balance Sheet Analysis

As of March 31, 2019, Biscayne Bank had assets of $1,020,634,000, loans of $871,239,000, and deposits of $788,204,000. 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 $ 110.66 million
Interest-bearing balances $ 107.84 million
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 871.24 million
Loan loss allowance $ 8.70 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.29 million
Goodwill and other intangibles $ 0.00 million
All other assets $ 34.98 million
     Total Assets $ 930.47 million
LIABILITIES
Total deposits $ 788.20 million
      Interest-bearing deposits $ 565.77 million
      Deposits held in domestic offices $ 788.20 million
      % insured (estimated) 72.79%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 139.00 million
Subordinated debt N.A.
All other liabilities $ 3.26 million
      Total Liabilities $ 930.47 million
      Shareholders’ Equity $ 59.42 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 12.10 million
Total Interest Expense $ 3.52 million
Net interest income $ 8.58 million
Provision for loan and lease losses $ 0.25 million
Total non interest income $ 0.59 million
Total non interest expense $ 5.31 million
Pre-tax Net Operating Income $ 3.61 million

Bank Loan Profile?

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

Compared to other banks in Florida, Biscayne Bank has a significantly higher percent of 1-4 Family Residential Loans, 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 54.17
Multifamily
Mortgages
11.40
Credit Card Loans 0.00
Consumer Auto Loans 0.13
Small Business Loans 0.00
Construction and Development Loans 5.50
Commercial Real Estate 24.67
Commercial and Industrial Loans 3.68
Farm Loans 0.00

Frequently Asked Questions About Biscayne Bank

Branches and Savings

Is Biscayne Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57973.

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

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

Why are Biscayne Bank CD rates not competitive?

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

Is Biscayne Bank a commercial bank?

Yes

Where are Biscayne Bank locations?

See branch locations nearby.

Is Biscayne Bank open on Saturdays?

Is Biscayne Bank open on Sundays?

What time does Biscayne Bank open?

What time does Biscayne Bank close?

Are Biscayne Bank ATMs Open 24/7?

Do Biscayne Bank ATMs accept cash deposits?

Can Biscayne Bank customers use other ATMs?

Do Biscayne Bank branches have notaries?

Will Biscayne Bank notarize my document?

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

Will the Biscayne Bank branch print checks?

Do Biscayne Bank checks expire?

Does Biscayne Bank require US citizenship to open account?

Can Biscayne Bank close my account?

Does Biscayne Bank Report to credit bureaus?

Does Biscayne Bank Use Equifax?

What is Biscayne Bank's ACH Routing Number?

What is Biscayne Bank's SWIFT code?

Products

Does Biscayne Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Biscayne Bank offer personal loans?

Compare personal loan rates here.

Does Biscayne Bank offer student loans?

Will Biscayne Bank cash a check?

Will Biscayne Bank redeem a savings bond?

Does Biscayne Bank cash savings bonds?

Will Biscayne Bank cash money orders?

Can Biscayne Bank issue a money order?

Does Biscayne Bank do currency exchange?

Background on The Bank

Who owns Biscayne Bank?

How long has Biscayne Bank been around?

Can Biscayne Bank transfer to other banks?

Does Biscayne Bank have quick pay?

Does Biscayne Bank accept rolled coins?

Will Biscayne Bank accept loose change?

Where is Biscayne Bank headquarters?

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