3 starsAverage User Rating:
Based on 2 user reviews.

Patriot Bank

Patriot Bank Locations
1815 Little Road
Trinity, FL 34655
(727) 376-1776
www.patriotbankfl.com



Patriot Bank is headquartered in Trinity and is the 177th largest bank in the state of Florida. It is also the 4,353rd largest bank in the nation. It was established in 2004 and as of September of 2011, it had grown to 27 employees at 5 locations. Patriot Bank has a 3-star health rating.

Patriot Bank Routing Number: 063115615

Related Posts

Rate Decrease (Forum) - 5/13/2011

Got an email from them. Starting June 15th, their APR will be 1.51% (up to 25k).

Changes For Patriot Bank's RCA (3679) (Forum) - 2/2/2011

Just got an email alert from them: Effective March 09, 2011, your Revolutionary Checking Account will earn 2.21% APY* on balances up to $25,000(**) and 1.01% APY* on balances $25,000.01(**) and over, as long as account requirements are met during the q

Changes For Patriot Bank's RCA (Forum) - 9/24/2010

Got a letter from Patriot Bank announcing the following changes to their Revolutionary Checking Account effective October 12th: New: 12 debit card purchase (was 10). New: cap at 25k (was 35k) New: rate for non-qualifying cycles 0.05% (was 0.15%) T

Patriot Bank Cutting Balance Cap on Its Reward Checking Account (Forum) - 3/2/2010

Patriot Bank reward checking customers have reported receiving an email informing them that the maximum balance that can qualify for the top rate will be falling from $50K to $35K effective 3/10/2010. Patriot Bank was one of the few banks offering a rewar

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See Rates for: Checking | Savings | Money Market | CD | IRA

Patriot Bank Checking Account Rates

ApyMinMaxProduct
1.51%-$25kRevolutionary Checking
0.15%$25k-Privilege Checking
0.15%$25k-Patriot Plus

Patriot Bank Savings Account Rates

ApyMinMaxProduct
0.25%$100k-Savings
0.25%$100k-Business Savings

Patriot Bank Money Market Rates

ApyMinMaxProduct
0.50%$100k-Patriot Money Market
0.50%$100k-Commercial Money Market Checking

Patriot Bank CD Rates

ApyMinMaxProduct
1.21%$1k-5 Year CD
1.21%$1k-Business 5 Year CD
1.01%$1k-4 Year CD
1.01%$1k-Business 4 Year CD
0.60%$1k-3 Year CD
0.60%$1k-Business 3 Year CD
0.50%$1k-30 Month CD
0.50%$1k-Business 30 Month CD
0.40%$1k-2 Year CD
0.40%$1k-Business 2 Year CD
0.35%$10k-17 Month Bump Up CD
0.35%$10k-Business 17 Month Bump Up CD
0.30%$1k-13 Month CD
0.30%$1k-Business 13 Month CD
0.20%$1k-1 Year CD
0.20%$1k-Business 1 Year CD
0.10%$1k-6 Month CD
0.10%$1k-Business 6 Month CD
0.05%$1k-3 Month CD
0.05%$1k-Business 3 Month CD

Patriot Bank IRA Rates

ApyMinMaxProduct
1.21%$1k-5 Year IRA
1.01%$1k-4 Year IRA
0.60%$1k-3 Year IRA
0.50%$1k-30 Month IRA
0.40%$1k-2 Year IRA
0.30%$1k-13 Month IRA
0.20%$1k-1 Year IRA
0.10%$1k-6 Month IRA
0.05%$1k-3 Month IRA

Rates updated: 2/8/2012

Data for Q3 2011


Institution Statistics


Patriot Bank
FDIC Certificate #57789
BankRate ReportView
Year Established2004
Employees27
Primary RegulatorFDIC

Assets and Liabilities

Assets$124.22 million
Loans$95.15 million
Deposits$102.57 million
Equity Capital$15.26 million
Loan Loss Allowance$1.88 million
Unbacked Noncurrent Loans$5.93 million
Real Estate Owned$1.43 million

Historic Data - September 2010

Assets$139.99 million
Equity Capital$16.68 million
Loan Loss Allowance$1.72 million
Unbacked Noncurrent Loans$6.62 million
Real Estate Owned$3.35 million

Profit Margin - Quarterly

Net Interest Margin4.4%
Return on Assets-0.71%
Return on Equity-5.95%
Interest Income$4.70 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 September 30, 2011 Patriot Bank had $7.36 million in non-current loans and owned real-estate with $17.14 million in equity and loan loss allowances on hand to cover it. This gives Patriot Bank a Texas Ratio of 42.92% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Patriot Bank decreased slightly from 54.19% as of September 30, 2010 to 42.92% as of September 30, 2011, resulting in a positive change of 20.80%.This indicates that the balance sheet and financial strength for Patriot Bank has improved slightly in recent periods.
Deposit Growth1
In the past year, Patriot Bank has decreased its total deposits by -$12 million, resulting in -10.48% 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 poor.
Capitalization5
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 $124.22 million in assets with $17.14 million in equity, resulting in a capitalization level of 13.80%, which is excellent.
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Patriot Bank Of Florida Changes To RCA
2 stars - andybuji - Friday, September 24, 2010 - 5:25 PM

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

4

Effective March 10
4 stars - Anonymous - Thursday, March 4, 2010 - 7:37 AM

Effective March 10, 2010, the rate of 3.01% will be paid on only the first $35,000 deposited.

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