Patriot Bank is headquartered in Trinity and is the 154th largest bank in the state of Florida. It is also the 4,199th largest bank in the nation. It was established in 2004 and as of September of 2013, it had grown to 24 employees at 4 locations. Patriot Bank's money market rates are 14% higher than the national average, and it has a B+ health rating.
Effective 10/12/10 the following changes will go into effect:
Max qualifying balance will be reduced from $35,000 to $25,000
Debit card purchases will increase from 10 to 12
Rates stay the same
Effective March 10, 2010, the rate of 3.01% will be paid on only the first $35,000 deposited.
Not only is this bank stuck in the 18th century, since you can not really take care of anything without going into the bank in person, but they also have fees on top of fees for more fees. Any time I ever had a problem of any kind of out of the ordinary, the people I dealt with were not only no help at all, leaving all the research and follow-up for me to do, but always assumed that I had somehow done something wrong. Even after I proved to them that it was the bank's fault, and not mine; there was no apology or any type of courtesy from the bank. The people are RUDE and PUSHY, IGNORANT and not helpful at all.
DON'T USE THIS BANK! You will be sorry if you do!
Asked for 3 grand as a holding down payment. Told me that I would get it back once my account was final. Never got my money. Will not go back.
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 September 30, 2013 Patriot Bank had $6.51 million in non-current loans and owned real-estate with $16.25 million in equity and loan loss allowances on hand to cover it. This gives Patriot Bank a Texas Ratio of 40.04% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Patriot Bank decreased dramatically from 57.50% as of September 30, 2012 to 40.04% as of September 30, 2013, resulting in a positive change of 30.37%.This indicates that the balance sheet and financial strength for Patriot Bank has improved dramatically in recent periods.
In the past year, Patriot Bank has increased its total deposits by $5.27 million, resulting in 5.1% 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 Patriot Bank has shown is excellent.
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. Patriot Bank has $124.66 million in assets with $16.25 million in equity, resulting in a capitalization level of 13.04%, which is excellent.
|FDIC Certificate #||57789|
|Assets and Liabilities|
|Equity Capital||$14.93 million|
|Loan Loss Allowance||$1.32 million|
|Unbacked Noncurrent Loans||$3.20 million|
|Real Estate Owned||$3.30 million|
|Historic Data - September 2012|
|Equity Capital||$15.34 million|
|Loan Loss Allowance||$1.27 million|
|Unbacked Noncurrent Loans||$3.20 million|
|Real Estate Owned||$4.54 million|
|Profit Margin - Quarterly|
|Net Interest Margin||3.94%|
|Return on Assets||-0.2%|
|Return on Equity||-1.66%|
|Interest Income||$3.72 million|
Always verify rates and promotions with the bank or credit union. We are not Patriot Bank, we are a rate comparison website and can not provide official rates or promotions.
|0.25%||$100k||-||Patriot Youth Savings|
|0.50%||$100k||-||Patriot Money Market|
|0.50%||$100k||-||Commercial Money Market|
|0.15%||$25k||-||Liberty 50 Checking|
|1.25%||$1k||-||60 Month CD|
|1.25%||$1k||-||Business 60 Month CD|
|0.95%||$1k||-||48 Month CD|
|0.95%||$1k||-||Business 48 Month CD|
|0.80%||$1k||-||36 Month CD|
|0.80%||$1k||-||Business 36 Month CD|
|0.70%||$1k||-||30 Month CD|
|0.70%||$1k||-||Business 30 Month CD|
|0.60%||$1k||-||24 Month CD|
|0.60%||$1k||-||Business 24 Month CD|
|0.50%||$1k||-||13-23 Month CD|
|0.50%||$1k||-||Business 13-23 Month CD|
|0.40%||$1k||-||12 Month CD|
|0.40%||$1k||-||Business 12 Month CD|
|0.25%||$1k||-||6 Month CD|
|0.25%||$1k||-||Business 6 Month CD|
|0.15%||$1k||-||3 Month CD|
|0.15%||$1k||-||Business 3 Month CD|
|1.25%||$1k||-||60 Month IRA|
|0.95%||$1k||-||48 Month IRA|
|0.80%||$1k||-||36 Month IRA|
|0.70%||$1k||-||30 Month IRA|
|0.60%||$1k||-||24 Month IRA|
|0.50%||$1k||-||13-23 Month IRA|
|0.40%||$1k||-||12 Month IRA|
|0.25%||$1k||-||6 Month IRA|
|0.15%||$1k||-||3 Month IRA|
|Patriot Bank Locations|
|Palm Harbor Branch||1103 Florida Avenue||Palm Harbor, FL 34683|
|River Ridge Branch||11355 Decubellis Road||New Port Richey, FL 34654|
|Patriot Bank||1815 Little Road||Trinity, FL 34655|
|Regency Oaks Branch||2751 Regency Oaks Boulevard||Clearwater, FL 33759|