Bay Cities Bank

4301 West Boy Scout Boulevard, Suite 150
Tampa, FL 33607
(813) 281-0009
www.bay-cities-bank.com

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Bay Cities Bank is headquartered in Tampa and is the 37^th largest bank in the state of Florida. It is also the 1,062^nd largest bank in the nation. It was established in 1999 and as of March of 2012, it had grown to 88 employees at 6 locations. Bay Cities Bank has a 3-star health rating.

2.00% 2-Year CD & 1.75% 18-Month CD At Bay Cities Bank In Florida (Forum) - 8/27/2010

Three competitive CD and IRA CD rates available at Bay Cities Bank as of 8/27/10 include: 3.00% APY 5-year CD and IRA CD 2.00% APY 2-year CD and IRA CD 1.75% APY 18-month CD and IRA CD I did this blog post on this bank last week, but at the time on

Competitive 5-Year CD and IRA CD at Bay Cities Bank in Florida - Local Only - 8/16/2010

Bay Cities Bank is offering a 3.00% APY 5-year CD. It's also available in an IRA. Minimum deposit is $1,000. This rate is listed in the bank's rates sheet as of 8/16/2010. The bank's shorter-term CDs ...

EXPIRED: 2.30% 15-Month CD & Other Competitive CD Rates at a Bay Cities Bank in Florida - Local Only - 8/17/2009

Bay Cities Bank continues to offer several competitive CD rates. Some of the most competitive as listed at the bank's rate table as of 8/17/09 include:2.25% APY 12 month2.30% APY 15 month2.35% APY 18 month2.40% APY 24 month3.00% APY 36 month3.50% APY 60...

2.55% 15-Month CD & Other Competitive CD Rates at a Bay Cities Bank in Florida - 4/30/2009

Bay Cities Bank has several competitive CD rates. Some of the most competitive as listed at the bank's rate table as of 4/30/09 include:2.50% APY 12 month2.55% APY 15 month2.60% APY 18 month2.85% APY 24 month3.25% APY 36 monthThe minimum deposit is...

2008

9/3 - 5.00% 36-Month CD at a Florida Bank (Bay Cities)

2007

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See Rates for: Checking | Savings | Money Market | CD | IRA

Bay Cities Bank Checking Account Rates

Apy	Min	Max	Product
0.12%	$1k	-	Interest Checking
0.12%	$1k	-	Senior Interest Checking
0.12%	$1k	-	Business Interest Checking

Bay Cities Bank Savings Account Rates

Apy	Min	Max	Product
0.34%	$50k	-	Premium Savings
0.21%	$100	-	Personal Savings
0.21%	-	-	Youth Savings
0.21%	$250	-	Business Savings

Bay Cities Bank Money Market Rates

Apy	Min	Max	Product
0.61%	$1m	-	Money Market Account
0.61%	$1m	-	Business Money Market Account

Bay Cities Bank CD Rates

Apy	Min	Max	Product
1.21%	$1k	-	60 Month CD
1.21%	$1k	-	Business 60 Month CD
0.80%	$1k	-	36 Month CD
0.80%	$1k	-	Business 36 Month CD
0.60%	$1k	-	24 Month CD
0.60%	$1k	-	30 Month CD
0.60%	$1k	-	Business 24 Month CD
0.60%	$1k	-	Business 30 Month CD
0.45%	$1k	-	18 Month CD
0.45%	$1k	-	Business 18 Month CD
0.40%	$1k	-	12 Month CD
0.40%	$1k	-	15 Month CD
0.40%	$1k	-	Business 12 Month CD
0.40%	$1k	-	Business 15 Month CD
0.20%	$1k	-	180 Day CD
0.20%	$1k	-	Business 180 Day CD
0.15%	$1k	-	60 Day CD
0.15%	$1k	-	90 Day CD
0.15%	$1k	-	Business 60 Day CD
0.15%	$1k	-	Business 90 Day CD
0.10%	$1k	-	30 Day CD
0.10%	$1k	-	Business 30 Day CD

Bay Cities Bank IRA Rates

Apy	Min	Max	Product
1.21%	$1k	-	60 Month IRA
1.21%	$1k	-	60 Month Roth IRA
0.80%	$1k	-	36 Month IRA
0.80%	$1k	-	36 Month Roth IRA
0.60%	$1k	-	24 Month IRA
0.60%	$1k	-	30 Month IRA
0.60%	$1k	-	24 Month Roth IRA
0.60%	$1k	-	30 Month Roth IRA
0.45%	$1k	-	18 Month IRA
0.45%	$1k	-	18 Month Roth IRA
0.40%	$1k	-	12 Month IRA
0.40%	$1k	-	15 Month IRA
0.40%	$1k	-	12 Month Roth IRA
0.40%	$1k	-	15 Month Roth IRA
0.20%	$1k	-	180 Day IRA
0.20%	$1k	-	180 Day Roth IRA
0.15%	$1k	-	60 Day IRA
0.15%	$1k	-	90 Day IRA
0.15%	$1k	-	60 Day Roth IRA
0.15%	$1k	-	90 Day Roth IRA
0.10%	$1k	-	30 Day IRA
0.10%	$1k	-	30 Day Roth IRA

Rates updated: 5/27/2012

Data for Q1 2012

Institution Statistics

Bay Cities Bank
FDIC Certificate #	35066
BankRate Report	View
Year Established	1999
Employees	88
Primary Regulator	FDIC
Assets and Liabilities
Assets	$626.89 million
Loans	$301.39 million
Deposits	$528.85 million
Equity Capital	$58.90 million
Loan Loss Allowance	$5.06 million
Unbacked Noncurrent Loans	$17.84 million
Real Estate Owned	$3.03 million
Historic Data - March 2011
Assets	$600.79 million
Equity Capital	$59.03 million
Loan Loss Allowance	$5.37 million
Unbacked Noncurrent Loans	$8.61 million
Real Estate Owned	$9.07 million
Profit Margin - Quarterly
Net Interest Margin	2.98%
Return on Assets	0.39%
Return on Equity	4.12%
Interest Income	$5.42 million

Institution Health

Overall Score:

3 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Bay Cities Bank had $20.87 million in non-current loans and owned real-estate with $63.95 million in equity and loan loss allowances on hand to cover it. This gives Bay Cities Bank a Texas Ratio of 32.63% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Bay Cities Bank increased slightly from 27.46% as of March 31, 2011 to 32.63% as of March 31, 2012, resulting in a negative change of 18.83%. This indicates that the balance sheet and financial strength for Bay Cities Bank has declined slightly in recent periods.
Deposit Growth
In the past year, Bay Cities Bank has increased its total deposits by $17 million, resulting in 3.32% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bay Cities Bank has shown is above average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bay Cities Bank has $626.89 million in assets with $63.95 million in equity, resulting in a capitalization level of 10.20%, which is above average.