LandMark Bank of Florida

Headquarters

544 South Washington Boulevard
Sarasota, FL 34236
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

LandMark Bank of Florida is an FDIC insured institution located in Sarasota, FL. It was founded in 2000 and has approximately $0.27 billion in assets.

Closed by FDIC on July 22, 2011 and assets transferred to American Momentum Bank.

FDIC Insured Yes
FDIC Certificate # 35244
Date Established 2000
Assets $ 266.48 million
Loans $ 213.75 million
Deposits $ 244.36 million
Capital N.A.
 

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

Deposit Rates - September 26, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 26, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for LandMark Bank of Florida

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
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Rocket Mortgage
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,102 $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
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2.990 %
$0 Learn More
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Note to LandMark Bank of Florida
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Branches

LandMark Bank of Florida 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


LandMark Bank of Florida Locations


Financial Details

LandMark Bank of Florida Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of LandMark Bank of Florida. 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
LandMark Bank of Florida U.S. Bank Average
419.73% 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, LandMark Bank of Florida had $36,654,000 in non-current loans and $11,241,000 in owned real estate. To cover these potential losses it had $-172,000 in equity and $11,583,000 in loans loss reserves. That gives it a Texas Ratio of 419.73%.

Return on Equity
LandMark Bank of Florida U.S. Bank Average
-596% 7.80%

LandMark Bank of Florida has a Return on Equity of -596% 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
LandMark Bank of Florida U.S. Bank Average
-0.06% 12.68%

LandMark Bank of Florida has a Capitalization of -0.06% 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.

LandMark Bank of Florida Balance Sheet Analysis

As of June 30, 2011, LandMark Bank of Florida had assets of $266,482,000, loans of $213,746,000, and deposits of $244,362,000. 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 $ 213.75 million
Loan loss allowance $ 11.58 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 11.24 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 244.36 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 $ 266.48 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 LandMark Bank of Florida’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, LandMark Bank of Florida’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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Multifamily
Mortgages
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 Landmark Bank Of Florida

Branches and Savings

Is Landmark Bank Of Florida FDIC insured?

Yes. It is covered under FDIC Certificate #35244.

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

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

Why are Landmark Bank Of Florida CD rates not competitive?

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

Is Landmark Bank Of Florida a commercial bank?

Yes

Where are Landmark Bank Of Florida locations?

See branch locations nearby.

Is Landmark Bank Of Florida open on Saturdays?

Is Landmark Bank Of Florida open on Sundays?

What time does Landmark Bank Of Florida open?

What time does Landmark Bank Of Florida close?

Are Landmark Bank Of Florida ATMs Open 24/7?

Do Landmark Bank Of Florida ATMs accept cash deposits?

Can Landmark Bank Of Florida customers use other ATMs?

Do Landmark Bank Of Florida branches have notaries?

Will Landmark Bank Of Florida notarize my document?

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

Will the Landmark Bank Of Florida branch print checks?

Do Landmark Bank Of Florida checks expire?

Does Landmark Bank Of Florida require US citizenship to open account?

Can Landmark Bank Of Florida close my account?

Does Landmark Bank Of Florida Report to credit bureaus?

Does Landmark Bank Of Florida Use Equifax?

What is Landmark Bank Of Florida's ACH Routing Number?

What is Landmark Bank Of Florida's SWIFT code?

Products

Does Landmark Bank Of Florida offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Landmark Bank Of Florida offer personal loans?

Compare personal loan rates here.

Does Landmark Bank Of Florida offer student loans?

Will Landmark Bank Of Florida cash a check?

Will Landmark Bank Of Florida redeem a savings bond?

Does Landmark Bank Of Florida cash savings bonds?

Will Landmark Bank Of Florida cash money orders?

Can Landmark Bank Of Florida issue a money order?

Does Landmark Bank Of Florida do currency exchange?

Background on The Bank

Who owns Landmark Bank Of Florida?

How long has Landmark Bank Of Florida been around?

Can Landmark Bank Of Florida transfer to other banks?

Does Landmark Bank Of Florida have quick pay?

Does Landmark Bank Of Florida accept rolled coins?

Will Landmark Bank Of Florida accept loose change?

Where is Landmark Bank Of Florida headquarters?

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