Ocean Bank

Ocean Bank Locations
780 N.W. 42nd Avenue
Miami, FL 33126
877-820-5932
www.oceanbank.com

FDIC

Ocean Bank is headquartered in Miami and is the 9th largest bank in the state of Florida. It is also the 234th largest bank in the nation. It was established in 1982 and as of December of 2012, it had grown to 671 employees at 21 locations. Ocean Bank has a 3-star health rating.

Related Posts

Florida's Ocean Bank Hit With Massive Anti-Money Laundering Fine (Forum) - 8/23/2011

From American Banker Miami-based Ocean Bank faces a nearly $11 million fine to settle charges it turned a blind eye to drug traffickers allegedly using the bank to launder money. The settlement — which prosecutors, investigators and numerous r

3.55% 7-Month CD & 3.75% 13-Month CD at Ocean Bank in South Florida - 1/6/2009

Ocean Bank is offering a CD promotion with two competitive rates: 3.55% APY for a 7-month term and a 3.75% APY for a 13-month term. Minimum deposit is $2,500. These also available in an IRA. These specials don't seem to be listed on the bank's website. A...

4.40% 7-Month CD & 4.50% 13-Month CD at Ocean Bank in South Florida - 12/8/2008

Ocean Bank is offering a CD promotion with two competitive rates: 4.40% APY for a 7-month term and a 4.50% APY for a 13-month term. Minimum deposit is $2,500. These specials don't seem to be listed on the bank's website. A reader emailed me news of...

Money Market Account and CD Specials at Ocean Bank in Florida - 10/28/2008

Update 11/17/08: These specials appear to have ended. Please check with the bank for the latest specials and rates.Ocean Bank has updated its promotion page to include the CDs that I reported on in this post from two weeks ago. The two competitive CDs...

2008

2007



Data for Q4 2012


Institution Statistics


Ocean Bank
FDIC Certificate #24156
BankRate ReportView
Year Established1982
Employees671
Primary RegulatorFDIC

Assets and Liabilities

Assets$3.22 billion
Loans$2.21 billion
Deposits$2.97 billion
Equity Capital$219.86 million
Loan Loss Allowance$31.56 million
Unbacked Noncurrent Loans$148.60 million
Real Estate Owned$33.79 million

Historic Data - December 2011

Assets$3.25 billion
Equity Capital$167.57 million
Loan Loss Allowance$49.94 million
Unbacked Noncurrent Loans$191.62 million
Real Estate Owned$85.61 million

Profit Margin - Quarterly

Net Interest Margin3.68%
Return on Assets1.35%
Return on Equity22.77%
Interest Income$130.78 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio2
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 Ocean Bank had $182.4 million in non-current loans and owned real-estate with $251.42 million in equity and loan loss allowances on hand to cover it. This gives Ocean Bank a Texas Ratio of 72.55% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Ocean Bank decreased significantly from 127.38% as of December 31, 2011 to 72.55% as of December 31, 2012, resulting in a positive change of 43.05%.This indicates that the balance sheet and financial strength for Ocean Bank has improved significantly in recent periods.
Deposit Growth2
In the past year, Ocean Bank has decreased its total deposits by -$87.26 million, resulting in -2.86% 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.
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. Ocean Bank has $3.22 billion in assets with $251.42 million in equity, resulting in a capitalization level of 7.82%, which is below average.
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