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Overview / Commentary
954-761-4900
101 Ne 3rd Ave, Tower 101, Ste 2100
Fort Lauderdale, FL 33301

Broward Bank of Commerce is headquartered in Fort Lauderdale and is the 131st largest bank in the state of Florida. It is also the 3,391st largest bank in the nation. It was established in 2009 and as of March of 2014, it had grown to 28 employees at 2 locations. Broward Bank of Commerce has a A+ health rating.

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Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Broward Bank of Commerce had $0 in non-current loans and owned real-estate with $21.19 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

GRADE:
A+

In the past year, Broward Bank of Commerce has increased its total deposits by $18.69 million, resulting in 14.98% 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

GRADE:
A+

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 $171.84 million in assets with $21.19 million in equity, resulting in a capitalization level of 12.33%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #58813
Year Established2009
Employees28
Primary RegulatorFDIC
Assets and Liabilities
Assets$171.84 million
Loans$111.77 million
Deposits$143.40 million
Equity Capital$19.38 million
Loan Loss Allowance$1.82 million
Real Estate Owned$0
Historic Data - March 2013
Assets$145.21 million
Equity Capital$18.32 million
Loan Loss Allowance$1.68 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.9%
Return on Assets1.2%
Return on Equity10.43%
Interest Income$1.80 million
Rates

Sorry, we do not have rate data for Broward Bank of Commerce

Locations


Broward Bank of Commerce Locations
Broward Bank Of Commerce101 Ne 3rd Ave, Tower 101, Ste 2100Fort Lauderdale, FL 33301
Fort Lauderdale Branch2601 East Oakland Park Boulevard, Suite 102Fort Lauderdale, FL 33306