Florida Gulf Bank


9101 College Pointe Court
Fort Myers, FL 33919
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.00% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.00% →
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

Florida Gulf Bank is an FDIC insured institution located in Fort Myers, FL. It was founded in 2001 and has approximately $0.36 billion in assets.

FDIC Insured Yes
FDIC Certificate # 57085
Date Established 2001
Assets $ 357.62 million
Loans $ 241.53 million
Deposits $ 288.00 million
Capital $ 31.24 million

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

Deposit Rates - October 20, 2020

Your Current Location: Connecticut, CT 06828

Loan Rates - October 20, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Florida Gulf 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

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: 13256
2.574% 2.500% 1.00 $2,445 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 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
2.240 %
$0 Learn More
More Info

Note to Florida Gulf Bank
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Financial Details

Florida Gulf Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Florida Gulf 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
Florida Gulf Bank U.S. Bank Average
11.11% 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, Florida Gulf Bank had $3,481,000 in non-current loans and $770,000 in owned real estate. To cover these potential losses it had $31,237,000 in equity and $7,012,000 in loans loss reserves. That gives it a Texas Ratio of 11.11%.

Return on Equity
Florida Gulf Bank U.S. Bank Average
5.99% 7.80%

Florida Gulf Bank has a Return on Equity of 5.99% 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.

Florida Gulf Bank U.S. Bank Average
8.73% 12.68%

Florida Gulf Bank has a Capitalization of 8.73% 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.

Florida Gulf Bank Balance Sheet Analysis

As of June 30, 2012, Florida Gulf Bank had assets of $357,621,000, loans of $241,531,000, and deposits of $288,002,000. 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
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 $ 241.53 million
Loan loss allowance $ 7.01 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.77 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
Total deposits $ 288.00 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 $ 357.62 million

Summary Income Statement

March 31, 2020
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 Florida Gulf Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Florida Gulf 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 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 Florida Gulf Bank

Branches and Savings

Is Florida Gulf Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57085.

Why does Florida Gulf Bank pay such low interest on savings accounts?

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

Why are Florida Gulf Bank CD rates not competitive?

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

Is Florida Gulf Bank a commercial bank?


Where are Florida Gulf Bank locations?

See branch locations nearby.

Is Florida Gulf Bank open on Saturdays?

Is Florida Gulf Bank open on Sundays?

What time does Florida Gulf Bank open?

What time does Florida Gulf Bank close?

Are Florida Gulf Bank ATMs Open 24/7?

Do Florida Gulf Bank ATMs accept cash deposits?

Can Florida Gulf Bank customers use other ATMs?

Do Florida Gulf Bank branches have notaries?

Will Florida Gulf Bank notarize my document?

What address for Florida Gulf Bank should I put for incoming ACH transfers?

Will the Florida Gulf Bank branch print checks?

Do Florida Gulf Bank checks expire?

Does Florida Gulf Bank require US citizenship to open account?

Can Florida Gulf Bank close my account?

Does Florida Gulf Bank Report to credit bureaus?

Does Florida Gulf Bank Use Equifax?

What is Florida Gulf Bank's ACH Routing Number?

What is Florida Gulf Bank's SWIFT code?


Does Florida Gulf Bank offer mortgages?

Compare mortgage rates here.

Does Florida Gulf Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Florida Gulf Bank offer personal loans?

Compare personal loan rates here.

Does Florida Gulf Bank offer student loans?

Will Florida Gulf Bank cash a check?

Will Florida Gulf Bank redeem a savings bond?

Does Florida Gulf Bank cash savings bonds?

Will Florida Gulf Bank cash money orders?

Can Florida Gulf Bank issue a money order?

Does Florida Gulf Bank do currency exchange?

Background on The Bank

Who owns Florida Gulf Bank?

How long has Florida Gulf Bank been around?

Can Florida Gulf Bank transfer to other banks?

Does Florida Gulf Bank have quick pay?

Does Florida Gulf Bank accept rolled coins?

Will Florida Gulf Bank accept loose change?

Where is Florida Gulf Bank headquarters?

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