Florida Shores Bank - Southeast

Headquarters

400 North Federal Highway
Pompano Beach, FL 33062
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.80% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 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

Florida Shores Bank - Southeast is an FDIC insured institution located in Pompano Beach, FL. It was founded in 2006 and has approximately $0.17 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58331
Date Established 2006
Assets $ 166.94 million
Loans $ 122.90 million
Deposits $ 152.67 million
Capital $ 13.79 million
 

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

Deposit Rates - September 23, 2021

Your Current Location: California, CA 92111

 

Loan Rates - September 23, 2021

Your Current Location: California, CA 92111

There are currently no loan rates available for Florida Shores Bank - Southeast

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - California 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.826% 2.750%
1.00 points
$2,478 fees
$1,021 Learn More

Featured - California Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
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 Florida Shores Bank - Southeast
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Branches

Florida Shores Bank - Southeast 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:
San Diego,California


Florida Shores Bank - Southeast Locations


Financial Details

Florida Shores Bank - Southeast Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Florida Shores Bank - Southeast. 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 Shores Bank - Southeast U.S. Bank Average
20.96% 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, Florida Shores Bank - Southeast had $2,134,000 in non-current loans and $1,195,000 in owned real estate. To cover these potential losses it had $13,788,000 in equity and $2,091,000 in loans loss reserves. That gives it a Texas Ratio of 20.96%.

Return on Equity
Florida Shores Bank - Southeast U.S. Bank Average
-6.09% 11.43%

Florida Shores Bank - Southeast has a Return on Equity of -6.09% 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.

Capitalization
Florida Shores Bank - Southeast U.S. Bank Average
8.26% 11.51%

Florida Shores Bank - Southeast has a Capitalization of 8.26% 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.

Florida Shores Bank - Southeast Balance Sheet Analysis

As of December 31, 2013, Florida Shores Bank - Southeast had assets of $166,937,000, loans of $122,895,000, and deposits of $152,674,000. 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
ASSETS
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 $ 122.90 million
Loan loss allowance $ 2.09 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.20 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 152.67 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 $ 166.94 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
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 Shores Bank - Southeast’s loan portfolio are Commercial Real Estate, Small Business Loans, and 1-4 Family Residential Loans.

Compared to other banks in Florida, Florida Shores Bank - Southeast has a significantly higher percent of Small Business 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 26.14
Multifamily
Mortgages
5.73
Credit Card Loans 0.00
Consumer Auto Loans 0.19
Small Business Loans 28.46
Construction and Development Loans 0.11
Commercial Real Estate 53.22
Commercial and Industrial Loans 14.64
Farm Loans 0.00

Frequently Asked Questions About Florida Shores Bank - Southeast

Branches and Savings

Is Florida Shores Bank - Southeast FDIC insured?

Yes. It is covered under FDIC Certificate #58331.

Why does Florida Shores Bank - Southeast pay such low interest on savings accounts?

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

Why are Florida Shores Bank - Southeast CD rates not competitive?

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

Is Florida Shores Bank - Southeast a commercial bank?

Yes

Where are Florida Shores Bank - Southeast locations?

See branch locations nearby.

Is Florida Shores Bank - Southeast open on Saturdays?

Is Florida Shores Bank - Southeast open on Sundays?

What time does Florida Shores Bank - Southeast open?

What time does Florida Shores Bank - Southeast close?

Are Florida Shores Bank - Southeast ATMs Open 24/7?

Do Florida Shores Bank - Southeast ATMs accept cash deposits?

Can Florida Shores Bank - Southeast customers use other ATMs?

Do Florida Shores Bank - Southeast branches have notaries?

Will Florida Shores Bank - Southeast notarize my document?

What address for Florida Shores Bank - Southeast should I put for incoming ACH transfers?

Will the Florida Shores Bank - Southeast branch print checks?

Do Florida Shores Bank - Southeast checks expire?

Does Florida Shores Bank - Southeast require US citizenship to open account?

Can Florida Shores Bank - Southeast close my account?

Does Florida Shores Bank - Southeast Report to credit bureaus?

Does Florida Shores Bank - Southeast Use Equifax?

What is Florida Shores Bank - Southeast's ACH Routing Number?

What is Florida Shores Bank - Southeast's SWIFT code?

Products

Does Florida Shores Bank - Southeast offer mortgages?

Compare mortgage rates here.

Does Florida Shores Bank - Southeast offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Florida Shores Bank - Southeast offer personal loans?

Compare personal loan rates here.

Does Florida Shores Bank - Southeast offer student loans?

Will Florida Shores Bank - Southeast cash a check?

Will Florida Shores Bank - Southeast redeem a savings bond?

Does Florida Shores Bank - Southeast cash savings bonds?

Will Florida Shores Bank - Southeast cash money orders?

Can Florida Shores Bank - Southeast issue a money order?

Does Florida Shores Bank - Southeast do currency exchange?

Background on The Bank

Who owns Florida Shores Bank - Southeast?

How long has Florida Shores Bank - Southeast been around?

Can Florida Shores Bank - Southeast transfer to other banks?

Does Florida Shores Bank - Southeast have quick pay?

Does Florida Shores Bank - Southeast accept rolled coins?

Will Florida Shores Bank - Southeast accept loose change?

Where is Florida Shores Bank - Southeast headquarters?

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