Florida Shores Bank

Florida Shores Bank is headquartered in Venice and is the 69^th largest bank in the state of Florida. It is also the 1,909^th largest bank in the nation. It was established in 2007 and as of March of 2012, it had grown to 50 employees at 3 locations. Florida Shores Bank has a 5-star health rating.

Data for Q1 2012

Florida Shores Bank consists of multiple companies with separate FDIC numbers. Click on an FDIC number to view the health for that company:

58616 - Florida Shores Bank - Southwest
58331 - Florida Shores Bank - Southeast

Institution Statistics Florida Shores Bank - Southwest FDIC Certificate # 58616 BankRate Report View Year Established 2007 Employees 50 Primary Regulator FDIC Assets and Liabilities Assets $344.03 million Loans $153.64 million Deposits $310.12 million Equity Capital $33.54 million Loan Loss Allowance $2.07 million Unbacked Noncurrent Loans $1.39 million Real Estate Owned $502,000 Historic Data - March 2011 Assets $281.86 million Equity Capital $23.81 million Loan Loss Allowance $1.90 million Unbacked Noncurrent Loans $194,000 Real Estate Owned $527,000 Profit Margin - Quarterly Net Interest Margin 3.13% Return on Assets 0.16% Return on Equity 1.55% Interest Income $2.90 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 March 31, 2012 Florida Shores Bank had $1.89 million in non-current loans and owned real-estate with $35.61 million in equity and loan loss allowances on hand to cover it. This gives Florida Shores Bank a Texas Ratio of 5.31% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Florida Shores Bank held steady from 2.80% as of March 31, 2011 to 5.31% as of March 31, 2012, resulting in a negative change of 89.14%. This indicates that the balance sheet and financial strength for Florida Shores Bank has held steady in recent periods. Deposit Growth In the past year, Florida Shores Bank has increased its total deposits by $54.38 million, resulting in 21.26% 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 Florida Shores Bank 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. Florida Shores Bank has $344.03 million in assets with $35.61 million in equity, resulting in a capitalization level of 10.35%, which is above average.

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