Florida Shores Bank - Southwest

Headquarters

500 U. S. Highway 41 Bypass North
Venice, FL 34285
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

Florida Shores Bank - Southwest is an FDIC insured institution located in Venice, FL. It was founded in 2007 and has approximately $0.4 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58616
Date Established 2007
Assets $ 397.86 million
Loans $ 228.84 million
Deposits $ 364.39 million
Capital $ 32.85 million
 

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

Deposit Rates - September 18, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 18, 2020

Your Current Location: Connecticut, CT 06828

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

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
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,118 $1,021 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
2.990 %
$0 Learn More
More Info

Note to Florida Shores Bank - Southwest
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Branches

Florida Shores Bank - Southwest 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


Florida Shores Bank - Southwest Locations


Financial Details

Florida Shores Bank - Southwest Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Florida Shores Bank - Southwest. 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 - Southwest U.S. Bank Average
8.03% 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 Shores Bank - Southwest had $2,558,000 in non-current loans and $401,000 in owned real estate. To cover these potential losses it had $32,847,000 in equity and $3,997,000 in loans loss reserves. That gives it a Texas Ratio of 8.03%.

Return on Equity
Florida Shores Bank - Southwest U.S. Bank Average
4.34% 7.80%

Florida Shores Bank - Southwest has a Return on Equity of 4.34% 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
Florida Shores Bank - Southwest U.S. Bank Average
8.26% 12.68%

Florida Shores Bank - Southwest has a Capitalization of 8.26% 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 Shores Bank - Southwest Balance Sheet Analysis

As of December 31, 2013, Florida Shores Bank - Southwest had assets of $397,861,000, loans of $228,838,000, and deposits of $364,393,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 228.84 million
Loan loss allowance $ 4.00 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.40 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 364.39 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 $ 397.86 million

Summary Income Statement

March 31, 2020
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 - Southwest’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in Florida, Florida Shores Bank - Southwest 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 26.59
Multifamily
Mortgages
0.79
Credit Card Loans 0.00
Consumer Auto Loans 0.05
Small Business Loans 16.77
Construction and Development Loans 6.24
Commercial Real Estate 52.66
Commercial and Industrial Loans 14.07
Farm Loans 0.00

Frequently Asked Questions About Florida Shores Bank - Southwest

Branches and Savings

Is Florida Shores Bank - Southwest FDIC insured?

Yes. It is covered under FDIC Certificate #58616.

Why does Florida Shores Bank - Southwest 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 - Southwest CD rates not competitive?

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

Is Florida Shores Bank - Southwest a commercial bank?

Yes

Where are Florida Shores Bank - Southwest locations?

See branch locations nearby.

Is Florida Shores Bank - Southwest open on Saturdays?

Is Florida Shores Bank - Southwest open on Sundays?

What time does Florida Shores Bank - Southwest open?

What time does Florida Shores Bank - Southwest close?

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

Do Florida Shores Bank - Southwest ATMs accept cash deposits?

Can Florida Shores Bank - Southwest customers use other ATMs?

Do Florida Shores Bank - Southwest branches have notaries?

Will Florida Shores Bank - Southwest notarize my document?

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

Will the Florida Shores Bank - Southwest branch print checks?

Do Florida Shores Bank - Southwest checks expire?

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

Can Florida Shores Bank - Southwest close my account?

Does Florida Shores Bank - Southwest Report to credit bureaus?

Does Florida Shores Bank - Southwest Use Equifax?

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

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

Products

Does Florida Shores Bank - Southwest offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Florida Shores Bank - Southwest offer personal loans?

Compare personal loan rates here.

Does Florida Shores Bank - Southwest offer student loans?

Will Florida Shores Bank - Southwest cash a check?

Will Florida Shores Bank - Southwest redeem a savings bond?

Does Florida Shores Bank - Southwest cash savings bonds?

Will Florida Shores Bank - Southwest cash money orders?

Can Florida Shores Bank - Southwest issue a money order?

Does Florida Shores Bank - Southwest do currency exchange?

Background on The Bank

Who owns Florida Shores Bank - Southwest?

How long has Florida Shores Bank - Southwest been around?

Can Florida Shores Bank - Southwest transfer to other banks?

Does Florida Shores Bank - Southwest have quick pay?

Does Florida Shores Bank - Southwest accept rolled coins?

Will Florida Shores Bank - Southwest accept loose change?

Where is Florida Shores Bank - Southwest headquarters?

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