Professional Bank

396 Alhambra Circle, Suite 255
Coral Gables, FL 33134

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58862
Date Established 2008
Assets $0.83 billion
Loans $0.65 billion
Deposits $0.72 billion
Capital $0.07 billion

Professional Bank is an FDIC insured institution located in Coral Gables, FL. It was founded in 2008 and has approximately $0.83 billion in assets. Customers can open an account at one of its 3 branches.

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

Deposit Rates - September 15, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $2,500 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.25% $1,000 $99,999 Learn MoreShow Less
3 Mo CD
0.25% $100,000 - Learn MoreShow Less
6 Mo CD
0.45% $1,000 $99,999 Learn MoreShow Less
6 Mo CD
0.50% $100,000 - Learn MoreShow Less
12 Mo CD
0.65% $1,000 $99,999 Learn MoreShow Less
12 Mo CD
0.70% $100,000 - Learn MoreShow Less
18 Mo CD
0.85% $1,000 $99,999 Learn MoreShow Less
18 Mo CD
0.90% $100,000 - Learn MoreShow Less
24 Mo CD
0.95% $1,000 $99,999 Learn MoreShow Less
24 Mo CD
1.00% $100,000 - Learn MoreShow Less
36 Mo CD
1.20% $1,000 $99,999 Learn MoreShow Less
36 Mo CD
1.25% $100,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.65% $1,000 $99,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1,000 - Learn MoreShow Less

Loan Rates - September 15, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Professional Bank

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.751% 3.750% 0.00 $25 $1,158 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info

Note to Professional Bank
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Branches

Professional Bank 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:
Ashburn,Virginia


Professional Bank Locations


Financial Details

Professional Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Professional 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
Professional Bank U.S. Bank Average
0% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2019, Professional Bank had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $67,275,000 in equity and $5,572,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Professional Bank U.S. Bank Average
3% 9.47%

Professional Bank has a Return on Equity of 3% versus the BestCashCow average of 9.47%. 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
Professional Bank U.S. Bank Average
8.08% 12.49%

Professional Bank has a Capitalization of 8.08% versus the BestCashCow average of 12.49. 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.

Professional Bank Balance Sheet Analysis

As of March 31, 2019, Professional Bank had assets of $832,681,000, loans of $645,254,000, and deposits of $716,937,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.11 billion
Interest-bearing balances $0.09 billion
Total securities $0.03 billion
Federal funds sold and reverse repurchase $0.02 billion
Net loans and leases $0.65 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.02 billion
     Total Assets $0.77 billion
LIABILITIES
Total deposits $0.72 billion
      Interest-bearing deposits $0.53 billion
      Deposits held in domestic offices $0.72 billion
      % insured (estimated) 42.29%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.04 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $0.77 billion
      Shareholders’ Equity $0.07 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $-0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

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

Compared to other banks in Florida, Professional Bank has a significantly higher percent of 1-4 Family Residential 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 51.72
Multifamily
Mortgages
2.14
Credit Card Loans 0.00
Consumer Auto Loans 0.02
Small Business Loans 0.00
Construction and Development Loans 4.35
Commercial Real Estate 27.62
Commercial and Industrial Loans 11.96
Farm Loans 0.00

Frequently Asked Questions About Professional Bank

Branches and Savings

Is Professional Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58862.

Why does Professional Bank pay such low interest on savings accounts?

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

Why are Professional Bank CD rates not competitive?

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

Is Professional Bank a commercial bank?

Yes

Where are Professional Bank locations?

See branch locations nearby.

Is Professional Bank open on Saturdays?

Is Professional Bank open on Sundays?

What time does Professional Bank open?

What time does Professional Bank close?

Are Professional Bank ATMs Open 24/7?

Do Professional Bank ATMs accept cash deposits?

Can Professional Bank customers use other ATMs?

Do Professional Bank branches have notaries?

Will Professional Bank notarize my document?

What address for Professional Bank should I put for incoming ACH transfers?

Will the Professional Bank branch print checks?

Do Professional Bank checks expire?

Does Professional Bank require US citizenship to open account?

Can Professional Bank close my account?

Does Professional Bank Report to credit bureaus?

Does Professional Bank Use Equifax?

What is Professional Bank's ACH Routing Number?

What is Professional Bank's SWIFT code?

Products

Does Professional Bank offer mortgages?

Compare mortgage rates here.

Does Professional Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Professional Bank offer personal loans?

Compare personal loan rates here.

Does Professional Bank offer student loans?

Will Professional Bank cash a check?

Will Professional Bank redeem a savings bond?

Does Professional Bank cash savings bonds?

Will Professional Bank cash money orders?

Can Professional Bank issue a money order?

Does Professional Bank do currency exchange?

Background on The Bank

Who owns Professional Bank?

How long has Professional Bank been around?

Can Professional Bank transfer to other banks?

Does Professional Bank have quick pay?

Does Professional Bank accept rolled coins?

Will Professional Bank accept loose change?

Where is Professional Bank headquarters?

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