Central Bank


20701 Bruce B. Downs Blvd
Tampa, FL 33647
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Notable Rates APY Vs.Others
Savings 0.50% 0.85% →
1-Year CD 0.50% 0.70% →
2-Year CD 0.60% 0.75% →
5-Year CD 0.70% 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

Central Bank is an FDIC insured institution located in Tampa, FL. It was founded in 2007 and has approximately $0.31 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58377
Date Established 2007
Assets $ 308.98 million
Loans $ 243.63 million
Deposits $ 202.28 million
Capital $ 21.69 million

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

Deposit Rates - September 16, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
0.50% $2,500 $4,999 Learn More
Money Market
0.25% $2,500 $2,999 Learn More
Money Market
0.50% $10,000 $14,999 Learn More
Money Market
0.50% $25,000 $29,999 Learn More
6 Mo CD
0.20% $1,000 - Learn More
12 Mo CD
0.50% $1,000 - Learn More
18 Mo CD
0.55% $1,000 - Learn More
24 Mo CD
0.60% $1,000 - Learn More
36 Mo CD
0.70% $1,000 - Learn More
48 Mo CD
0.70% $1,000 - Learn More
60 Mo CD
0.70% $1,000 - Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1 $99 Learn MoreShow Less
Int Ckg
0.30% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 16, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Central 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
NMLS ID: 1907
2.798% 2.750%
-0.38 points
$1,562 fees
$1,021 Learn More
First Internet Bank
NMLS ID: 424182
2.654% 2.625%
0.38 points
$942 fees
$1,005 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
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 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 Central Bank
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Central Bank Locations

Financial Details

Central Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Central 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
Central Bank U.S. Bank Average
8.7% 5.29%

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, 2021, Central Bank had $2,087,000 in non-current loans and $60,000 in owned real estate. To cover these potential losses it had $21,688,000 in equity and $2,988,000 in loans loss reserves. That gives it a Texas Ratio of 8.7%.

Return on Equity
Central Bank U.S. Bank Average
11.66% 11.43%

Central Bank has a Return on Equity of 11.66% versus the BestCashCow average of 11.43%. 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.

Central Bank U.S. Bank Average
7.02% 11.51%

Central Bank has a Capitalization of 7.02% versus the BestCashCow average of 11.51. 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.

Central Bank Balance Sheet Analysis

As of March 31, 2021, Central Bank had assets of $308,975,000, loans of $243,628,000, and deposits of $202,282,000. 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, 2021
Cash & Balances due from depository institutions $ 24.88 million
Interest-bearing balances $ 22.44 million
Total securities $ 6.59 million
Federal funds sold and reverse repurchase $ 23.01 million
Net loans and leases $ 243.63 million
Loan loss allowance $ 2.99 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.06 million
Goodwill and other intangibles $ 0.61 million
All other assets $ 3.35 million
     Total Assets $ 287.29 million
Total deposits $ 202.28 million
      Interest-bearing deposits $ 173.41 million
      Deposits held in domestic offices $ 202.28 million
      % insured (estimated) 66.14%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 82.13 million
Subordinated debt N.A.
All other liabilities $ 2.88 million
      Total Liabilities $ 287.29 million
      Shareholders’ Equity $ 21.69 million

Summary Income Statement

March 31, 2021
Total Interest Income $ 2.58 million
Total Interest Expense $ 0.55 million
Net interest income $ 2.03 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.24 million
Total non interest expense $ 1.45 million
Pre-tax Net Operating Income $ 0.82 million

Bank Loan Profile?

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

Compared to other banks in Florida, Central Bank has a significantly higher percent of Commercial and Industrial 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 25.03
Credit Card Loans 0.00
Consumer Auto Loans 0.03
Small Business Loans 0.00
Construction and Development Loans 7.94
Commercial Real Estate 33.89
Commercial and Industrial Loans 33.22
Farm Loans 0.00

Frequently Asked Questions About Central Bank

Branches and Savings

Is Central Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58377.

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

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

Why are Central Bank CD rates not competitive?

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

Is Central Bank a commercial bank?


Where are Central Bank locations?

See branch locations nearby.

Is Central Bank open on Saturdays?

Is Central Bank open on Sundays?

What time does Central Bank open?

What time does Central Bank close?

Are Central Bank ATMs Open 24/7?

Do Central Bank ATMs accept cash deposits?

Can Central Bank customers use other ATMs?

Do Central Bank branches have notaries?

Will Central Bank notarize my document?

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

Will the Central Bank branch print checks?

Do Central Bank checks expire?

Does Central Bank require US citizenship to open account?

Can Central Bank close my account?

Does Central Bank Report to credit bureaus?

Does Central Bank Use Equifax?

What is Central Bank's ACH Routing Number?

What is Central Bank's SWIFT code?


Does Central Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Central Bank offer personal loans?

Compare personal loan rates here.

Does Central Bank offer student loans?

Will Central Bank cash a check?

Will Central Bank redeem a savings bond?

Does Central Bank cash savings bonds?

Will Central Bank cash money orders?

Can Central Bank issue a money order?

Does Central Bank do currency exchange?

Background on The Bank

Who owns Central Bank?

How long has Central Bank been around?

Can Central Bank transfer to other banks?

Does Central Bank have quick pay?

Does Central Bank accept rolled coins?

Will Central Bank accept loose change?

Where is Central Bank headquarters?

Customer Reviews for Central Bank

  • November 10, 2020

    CDs 12 Month Rates

    These rates are wrong

  • August 4, 2020 |

    CDs 12 Month Rates

    Disaster. Their webpage asks for all sorts of security including SS# and when you get to the very last page to fund there is a small note saying they cannot accept any wire in excess of $5,000.00. So I went to the local branch in Tampa. No help there either. So we just drove home. Total waste of time.

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