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Overview / Commentary
8101 Okeechobee Boulevard
West Palm Beach, FL 33411

Palm Beach Community Bank is headquartered in West Palm Beach and is the 107th largest bank in the state of Florida. It is also the 2,739th largest bank in the nation. It was established in 2008 and as of December of 2013, it had grown to 48 employees at 5 locations. Palm Beach Community Bank has a B+ health rating.

Reviews (2)

Do Not Bank Here

This bank stole my ATM card and destroyed it for no reason. The regional manager refused to help me and even hung up on me while I was trying to get my card back. This bank is unprofessional, dishonest, and its employees have no customer service skills.

We Are Happy Customers

My wife and I are customers of Palm Beach Community Bank. We could not be happier. This is an outstanding bank run by top notch professional bankers. We highly recomend it. Jim and Gaye Engel



Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B+

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 Palm Beach Community Bank had $3.73 million in non-current loans and owned real-estate with $32.26 million in equity and loan loss allowances on hand to cover it. This gives Palm Beach Community Bank a Texas Ratio of 11.57% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for Palm Beach Community Bank increased slightly from 0.39% as of December 31, 2012 to 11.57% as of December 31, 2013, resulting in a negative change of 2,902.63%. This indicates that the balance sheet and financial strength for Palm Beach Community Bank has declined slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Palm Beach Community Bank has increased its total deposits by $20.12 million, resulting in 11.42% 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 Palm Beach Community Bank 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. Palm Beach Community Bank has $230.32 million in assets with $32.26 million in equity, resulting in a capitalization level of 14.01%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #58763
Year Established2008
Employees48
Primary RegulatorFED
Assets and Liabilities
Assets$230.32 million
Loans$180.50 million
Deposits$196.25 million
Equity Capital$30.17 million
Loan Loss Allowance$2.09 million
Unbacked Noncurrent Loans$3.73 million
Real Estate Owned$0
Historic Data - December 2012
Assets$214.90 million
Equity Capital$28.67 million
Loan Loss Allowance$1.95 million
Unbacked Noncurrent Loans$3.73 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.41%
Return on Assets1.31%
Return on Equity10.24%
Interest Income$10.86 million
Rates

Sorry, we do not have rate data for Palm Beach Community Bank

Locations


Palm Beach Community Bank Locations
Delary Beach Branch2160 West Atlantic AvenueDelray Beach, FL 33445
Palm Beach Gardens Branch3305 Northlake BoulevardPalm Beach Gardens, FL 33410
Lake Worth Branch7300 Lake Worth RoadLake Worth, FL 33467
West Palm Beach Branch8101 Okeechobee BlvdWest Palm Beach, FL 33411
Palm Beach Community Bank8101 Okeechobee BoulevardWest Palm Beach, FL 33411