Ocean Bank

780 N.W. 42nd Avenue
Miami, FL 33126


General Bank Information

FDIC Insured Yes
FDIC Certificate # 24156
Date Established 1982
Assets $3.24 billion
Loans $2.21 billion
Deposits $2.81 billion
Capital $0.41 billion

Ocean Bank is an FDIC insured institution located in Miami, FL. It was founded in 1982 and has approximately $3.2 billion in assets. Customers can open an account via one of its 21 branches.

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

Bank Loan Profile?

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

Compared to other banks in Florida, Ocean Bank has a significantly higher percent of Multifamily Mortgages 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 11.67
Credit Card Loans 0.00
Consumer Auto Loans 0.02
Small Business Loans 7.52
Construction and Development Loans 8.19
Commercial Real Estate 56.39
Commercial and Industrial Loans 10.54
Farm Loans 0.00

Savings Rates

Your Current Location: New York, NY 10007

3 Mo CD 10K 0.15% $2,500 $99,999 Learn MoreShow Less
3 Mo CD 100K 0.15% $100,000 - Learn MoreShow Less
6 Mo CD 10K 0.30% $2,500 $99,999 Learn MoreShow Less
6 Mo CD 100K 0.30% $100,000 - Learn MoreShow Less
12 Mo CD 10K 0.45% $2,500 $99,999 Learn MoreShow Less
12 Mo CD 100K 0.45% $100,000 - Learn MoreShow Less
18MCD10K 0.65% $2,500 $99,999 Learn MoreShow Less
18 Mo CD 100K 0.65% $100,000 - Learn MoreShow Less
24MCD10K 0.95% $2,500 $99,999 Learn MoreShow Less
24 Mo CD 100K 0.95% $100,000 - Learn MoreShow Less
30 Mo CD 10K 1.05% $2,500 $99,999 Learn MoreShow Less
36MCD10K 1.10% $2,500 $99,999 Learn MoreShow Less
36 Mo CD 100K 1.10% $100,000 - Learn MoreShow Less
48MCD10K 1.20% $2,500 $99,999 Learn MoreShow Less
48 Mo CD 100K 1.25% $100,000 - Learn MoreShow Less
60 Mo CD 10K 1.35% $2,500 $99,999 Learn MoreShow Less
60 Mo CD 100K 1.35% $100,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
SAV2.5K 0.10% $1 $49,999 Learn MoreShow Less
Fixed IRA 0K 0.45% $500 $99,999 Learn MoreShow Less
Special: 3 Mo FIRA 0.15% $500 $99,999 Learn MoreShow Less
Special: 5 Mo FIRA 0.15% $100,000 - Learn MoreShow Less
Special: 6 Mo FIRA 0.30% $500 $99,999 Learn MoreShow Less
Special: 7 Mo FIRA 0.35% $100,000 - Learn MoreShow Less
Special: 8 Mo FIRA 0.35% $500 $99,999 Learn MoreShow Less
Special: 12 Mo FIRA 0.45% $500 $99,999 Learn MoreShow Less
Special: 60 Mo FIRA 1.35% $500 $99,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K 0.65% $100 $99,999 Learn MoreShow Less
MM 10K 0.20% $2,500 $24,999 Learn MoreShow Less
MM 25K 0.30% $25,000 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K 0.20% $100 - Learn MoreShow Less

Loan Rates

Your Current Location: New York, NY 10007

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Ocean Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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Ocean Bank Locations

Financial Details

Ocean Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Ocean Bank. The data is provided by the FDIC. Please remember that all banks listed on BestCashCow.com are FDIC insured while all credit unions are similarly insured by the NCUA. No depositor has ever lost money while their funds have been insured by the FDIC or NCUA.

Texas Ratio
Ocean Bank U.S. Bank Average
18.72% 8.56%

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2015, Ocean Bank had $62,155,000 in non-current loans and $20,639,000 in owned real estate. To cover these potential losses it had $407,717,000 in equity and $34,610,000 in loans loss reserves. That gives it a Texas Ratio of 18.72%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Ocean Bank U.S. Bank Average
5.87% 9.74%

Ocean Bank has a Return on Equity of 5.87% versus the BestCashCow average of 9.74%. 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.

Ocean Bank U.S. Bank Average
12.6% 11.23%

Ocean Bank has a Capitalization of 12.6% versus the BestCashCow average of 11.23%. 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.

Ocean Bank Balance Sheet Analysis

As of March 31, 2015, Ocean Bank had assets of $3,197,214,000, loans of $2,207,381,000, and deposits of $2,809,010,000. 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.

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