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Overview / Commentary
780 N.W. 42nd Avenue
Miami, FL 33126

Ocean Bank is headquartered in Miami and is the 9th largest bank in the state of Florida. It is also the 238th largest bank in the nation. It was established in 1982 and as of December of 2013, it had grown to 676 employees at 21 locations. Ocean Bank has a B health rating.

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Data for Q4 2013

Institution Health


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 December 31, 2013 Ocean Bank had $130.73 million in non-current loans and owned real-estate with $403.29 million in equity and loan loss allowances on hand to cover it. This gives Ocean Bank a Texas Ratio of 32.42% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Ocean Bank decreased dramatically from 47.40% as of December 31, 2012 to 32.42% as of December 31, 2013, resulting in a positive change of 31.61%.This indicates that the balance sheet and financial strength for Ocean Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Ocean Bank has decreased its total deposits by -$118.84 million, resulting in -4% 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 Ocean Bank has shown is below average.



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. Ocean Bank has $3.26 billion in assets with $403.29 million in equity, resulting in a capitalization level of 12.37%, which is excellent.

Institution Statistics

FDIC Certificate #24156
Year Established1982
Primary RegulatorFDIC
Assets and Liabilities
Assets$3.26 billion
Loans$2.21 billion
Deposits$2.85 billion
Equity Capital$371.81 million
Loan Loss Allowance$31.49 million
Unbacked Noncurrent Loans$90.24 million
Real Estate Owned$40.49 million
Historic Data - December 2012
Assets$3.35 billion
Equity Capital$353.01 million
Loan Loss Allowance$31.56 million
Unbacked Noncurrent Loans$90.24 million
Real Estate Owned$33.79 million
Profit Margin - Quarterly
Net Interest Margin3.71%
Return on Assets1%
Return on Equity9.27%
Interest Income$124.70 million

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Ocean Bank has 21 locations. Click to view all Ocean Bank locations.