Great Florida Bank

Great Florida Bank Locations
150 Alahambra Circle, Suite 120
Coral Gables, FL 33134
305-756-2310
www.greatfloridabank.com

FDIC

Great Florida Bank is headquartered in Coral Gables and is the 21st largest bank in the state of Florida. It is also the 574th largest bank in the nation. It was established in 2004 and as of December of 2012, it had grown to 161 employees at 25 locations. Great Florida Bank has a 1-star health rating.

Related Posts

Hey Ken, Well Great Florida Has ACH Technology From Cash Edge (Forum) - 4/18/2010

Hey Ken, well Great Florida has ACH technology from Cash Edge; and customer service for online process is not the best they just got trained a few weeks ago. ill keep you posted on GFB promotions, also the branches are known as Solution Centers not Branch

Competitive 18-Month CD at Great Florida Bank - 4/13/2010

Great Florida Bank is offering three promotional CDs. The most competitive is the 18-month term which has a 2.05% APY. The other ones include a 1.40% APY 6-month CD and a 1.65% APY 12-month CD. Minim ...

3.70% 9-Month / 3.50% 4-Month CD at a South Florida Bank (Great Florida) - 4/15/2008

Great Florida Bank is having a CD promotion that includes a 3.70% APY 9-month CD and a 3.50% APY CD with terms of 3 or 4 months. The minimum deposit is $2,000. These special CDs don't seem to be listed on their website. A reader emailed me info on this...



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See Rates for: Checking | Savings | Money Market

Great Florida Bank Checking Account Rates

ApyMinMaxProduct
0.35%$250k-GF 300 Personal Interest Checking
0.35%$250k-Sum of YOU Checking
0.30%$250k-GF 4000 Business Interest Checking

Great Florida Bank Savings Account Rates

ApyMinMaxProduct
0.60%$250k-GF 200 Personal Savings Account
0.60%$250k-GF 250 Future Savings
0.60%$250k-Sum of YOU Savings
0.55%$250k-GF 5000 Great Business Savings

Great Florida Bank Money Market Rates

ApyMinMaxProduct
0.65%$250k-GF 400 Personal Money Market Investment Account
0.65%$250k-Sum of YOU Money Market Investment
0.50%$250k-GF 6000 Business Money Market

Rates updated: 5/24/2013

Data for Q4 2012


Institution Statistics


Great Florida Bank
FDIC Certificate #57719
BankRate ReportView
Year Established2004
Employees161
Primary RegulatorFDIC

Assets and Liabilities

Assets$1.15 billion
Loans$740.56 million
Deposits$1.00 billion
Equity Capital$52.72 million
Loan Loss Allowance$15.07 million
Unbacked Noncurrent Loans$109.08 million
Real Estate Owned$33.57 million

Historic Data - December 2011

Assets$1.15 billion
Equity Capital$58.64 million
Loan Loss Allowance$17.45 million
Unbacked Noncurrent Loans$107.75 million
Real Estate Owned$33.00 million

Profit Margin - Quarterly

Net Interest Margin2.39%
Return on Assets-0.6%
Return on Equity-12.87%
Interest Income$40.72 million

Institution Health


Overall Score:
1 out of 5
1
Texas Ratio1
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 December 31, 2012 Great Florida Bank had $142.65 million in non-current loans and owned real-estate with $67.79 million in equity and loan loss allowances on hand to cover it. This gives Great Florida Bank a Texas Ratio of 210.44% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Great Florida Bank held steady from 184.99% as of December 31, 2011 to 210.44% as of December 31, 2012, resulting in a negative change of 13.76%. This indicates that the balance sheet and financial strength for Great Florida Bank has held steady in recent periods.
Deposit Growth3
In the past year, Great Florida Bank has increased its total deposits by $9.3 million, resulting in 0.94% 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 Great Florida Bank has shown is average.
Capitalization2
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. Great Florida Bank has $1.15 billion in assets with $67.79 million in equity, resulting in a capitalization level of 5.91%, which is below average.
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