Broward Bank of Commerce

Broward Bank of Commerce Locations

101 Ne 3rd Ave, Tower 101, Ste 2100
Fort Lauderdale, FL 33301
954-761-4900
www.browardbankofcommerce.com

OverView
Rates
Health
Reviews

Broward Bank of Commerce is headquartered in Fort Lauderdale and is the 175^th largest bank in the state of Florida. It is also the 4,347^th largest bank in the nation. It was established in 2009 and as of September of 2011, it had grown to 20 employees at 1 location. Broward Bank of Commerce's money market rates are 14% higher than the national average, and it boasts a 5-star health rating.

Broward Bank of Commerce Routing Number: 067016655

Related Posts

Competitive 3-Year CD Rate at Broward Bank of Commerce in Florida - Local Only - 8/25/2011

Rates have fallen at Broward Bank of Commerce since my last post in April, but the bank's 3-year CD and IRA CD rate remains very competitive with a 1.92% APY. The other terms are not quite as competit ...

Competitive CD Rates at Broward Bank of Commerce in Florida - Local Only - 4/12/2011

Rates have fallen at Broward Bank of Commerce since my last post in August, but some of the CD and money market rates remain competitive. The best CD deal is the 3-year term which has a 2.12% APY. The ...

Competitive CD and Money Market Rates at Broward Bank of Commerce in FL - Local Only - 8/18/2010

Broward Bank of Commerce continues to offer competitive CD and IRA CD rates. The rates have held since my last post on this bank was in May . The mid-term CD rates are the best deals: 2.40% APY 3-year ...

Competitive CD Rates at Broward Bank of Commerce in FL - Local Only - 5/26/2010

Broward Bank of Commerce continues to offer competitive mid-term CD and IRA CD rates. These include a 2.40% APY 3-year CD, a 2.10% APY 2-year CD, a 1.75% APY 18-month CD and a 1.50% APY 1-year CD. Mi ...

2010

2/23 - 2.35% 24-Month CD at Broward Bank of Commerce in FL - Local Only

2009

10/22 - 2.50% 24-Month CD, 3.50% 60-Month CD & a 2% Money Market Account at Broward Bank of Commerce in FL - Local Only

Report an Issue

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

Broward Bank of Commerce Checking Account Rates

	Apy	Min	Max	Product
	0.25%	-	-	Classic Interest Checking
	0.25%	-	-	Premium Checking
	0.25%	-	-	Business Interest Checking

Broward Bank of Commerce Savings Account Rates

	Apy	Min	Max	Product
	0.50%	$300	-	Personal Savings
	0.50%	$500	-	Business Savings

Broward Bank of Commerce Money Market Rates

	Apy	Min	Max	Product
	1.01%	$1m	-	Personal Money Market
	1.01%	$1m	-	Business Money Market

Broward Bank of Commerce CD Rates

	Apy	Min	Max	Product
	1.71%	$1k	-	60 Month CD
	1.41%	$1k	-	48 Month CD
	1.31%	$1k	-	36 Month CD
	1.01%	$1k	-	24 Month CD
	0.85%	$1k	-	18 Month CD
	0.75%	$1k	-	12 Month CD
	0.50%	$1k	-	6 Month CD
	0.30%	$1k	-	1 Month CD
	0.30%	$1k	-	2 Month CD
	0.30%	$1k	-	3 Month CD

Broward Bank of Commerce IRA Rates

	Apy	Min	Max	Product
	1.71%	$1k	-	60 Month IRA
	1.71%	$1k	-	60 Month Roth IRA
	1.41%	$1k	-	48 Month IRA
	1.41%	$1k	-	48 Month Roth IRA
	1.31%	$1k	-	36 Month IRA
	1.31%	$1k	-	36 Month Roth IRA
	1.01%	$1k	-	24 Month IRA
	1.01%	$1k	-	24 Month Roth IRA
	0.85%	$1k	-	18 Month IRA
	0.85%	$1k	-	18 Month Roth IRA
	0.75%	$1k	-	12 Month IRA
	0.75%	$1k	-	12 Month Roth IRA
	0.50%	$1k	-	6 Month IRA
	0.50%	$1k	-	6 Month Roth IRA
	0.30%	$1k	-	1 Month IRA
	0.30%	$1k	-	2 Month IRA
	0.30%	$1k	-	3 Month IRA
	0.30%	$1k	-	1 Month Roth IRA
	0.30%	$1k	-	2 Month Roth IRA
	0.30%	$1k	-	3 Month Roth IRA

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

Broward Bank of Commerce
FDIC Certificate #	58813
BankRate Report	View
Year Established	2009
Employees	20
Primary Regulator	FDIC
Assets and Liabilities
Assets	$124.32 million
Loans	$78.83 million
Deposits	$105.58 million
Equity Capital	$16.75 million
Loan Loss Allowance	$965,000
Historic Data - September 2010
Assets	$101.44 million
Equity Capital	$11.14 million
Loan Loss Allowance	$820,000
Profit Margin - Quarterly
Net Interest Margin	3.95%
Return on Assets	1.05%
Return on Equity	9.04%
Interest Income	$4.34 million

Institution Health

Overall Score:

5 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 September 30, 2011 Broward Bank of Commerce had $0 in non-current loans and owned real-estate with $17.72 million in equity and loan loss allowances on hand to cover it. This gives Broward Bank of Commerce a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Deposit Growth
In the past year, Broward Bank of Commerce has increased its total deposits by $18.17 million, resulting in 20.79% 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 Broward Bank of Commerce has shown is excellent.
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. Broward Bank of Commerce has $124.32 million in assets with $17.72 million in equity, resulting in a capitalization level of 14.25%, which is excellent.

Write Review

No reviews have been left for this bank yet. Be the first to review.