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Patriot Bank Of Florida Changes To RCA

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

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

Wish I Could Give A Zero Star Rating.

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!


The Down Payment Was Supposed To Be Returned To Me

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.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Patriot Bank had $4.8 million in non-current loans and owned real-estate with $16.59 million in equity and loan loss allowances on hand to cover it. This gives Patriot Bank a Texas Ratio of 28.90% 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 Patriot Bank decreased dramatically from 48.83% as of March 31, 2013 to 28.90% as of March 31, 2014, resulting in a positive change of 40.81%.This indicates that the balance sheet and financial strength for Patriot Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Patriot Bank has decreased its total deposits by -$2.02 million, resulting in -1.89% 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 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. Patriot Bank has $121.04 million in assets with $16.59 million in equity, resulting in a capitalization level of 13.71%, which is excellent.

Institution Statistics

FDIC Certificate #57789
Year Established2004
Primary RegulatorFDIC
Assets and Liabilities
Assets$121.04 million
Loans$93.93 million
Deposits$104.65 million
Equity Capital$15.29 million
Loan Loss Allowance$1.30 million
Unbacked Noncurrent Loans$1.06 million
Real Estate Owned$3.74 million
Historic Data - March 2013
Assets$122.65 million
Equity Capital$14.98 million
Loan Loss Allowance$1.17 million
Unbacked Noncurrent Loans$1.06 million
Real Estate Owned$2.09 million
Profit Margin - Quarterly
Net Interest Margin4.41%
Return on Assets0.28%
Return on Equity2.23%
Interest Income$1.29 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.

Patriot Bank Savings Account Rates

0.25%$100k-Patriot Savings
0.25%$100k-Business Savings
0.25%$100k-Patriot Youth Savings

Patriot Bank Money Market Rates

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

Patriot Bank Checking Account Rates

0.20%-$10kRevolutionary Checking - Qualifying
0.15%$25k-Declaration Checking
0.15%$25k-Liberty 50 Checking
0.05%--Revolutionary Checking - Non Qualifying

Patriot Bank CD Rates

1.80%$1k-60 Month CD
1.80%$1k-Business 60 Month CD
1.55%$1k-48 Month CD
1.55%$1k-Business 48 Month CD
1.30%$1k-36 Month CD
1.30%$1k-Business 36 Month CD
1.15%$1k-30 Month CD
1.15%$1k-Business 30 Month CD
0.95%$1k-24 Month CD
0.95%$1k-Business 24 Month CD
0.85%$1k-13-23 Month CD
0.85%$1k-Business 13-23 Month CD
0.76%$1k-12 Month CD
0.76%$1k-Business 12 Month CD
0.45%$1k-6 Month CD
0.45%$1k-Business 6 Month CD
0.35%$1k-3 Month CD
0.35%$1k-Business 3 Month CD

Patriot Bank IRA Rates

1.80%$1k-60 Month IRA
1.55%$1k-48 Month IRA
1.30%$1k-36 Month IRA
1.15%$1k-30 Month IRA
0.95%$1k-24 Month IRA
0.85%$1k-13-23 Month IRA
0.76%$1k-12 Month IRA
0.45%$1k-6 Month IRA
0.35%$1k-3 Month IRA

Patriot Bank Locations
Palm Harbor Branch1103 Florida AvenuePalm Harbor, FL 34683
River Ridge Branch11355 Decubellis RoadNew Port Richey, FL 34654
Patriot Bank1815 Little RoadTrinity, FL 34655
Regency Oaks Branch2751 Regency Oaks BoulevardClearwater, FL 33759