2.5 star ratingAverage User Rating:
2.5 star rating based on 3 reviews.

Patriot Bank

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

FDIC


Patriot Bank is headquartered in Trinity and is the 158th largest bank in the state of Florida. It is also the 4,409th largest bank in the nation. It was established in 2004 and as of December of 2012, it had grown to 24 employees at 4 locations. Patriot Bank has a 4-star health rating.

Patriot Bank Routing Number: 063115615

Related Posts

Rate Change Effective April 10, 2013 (Forum) - 3/13/2013

Just got this email:   Effective April 10, 2013, your Revolutionary Checking Account will earn 0.76% APY* on balances up to $10,000 and 0.35% APY* on balances $10,000.01 and over, as long as account requirements are met during the qualification c

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

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

Patriot Bank Checking Account Rates

ApyMinMaxProduct
0.76%-$10kRevolutionary 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

Patriot Bank CD Rates

ApyMinMaxProduct
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

Patriot Bank IRA Rates

ApyMinMaxProduct
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

Rates updated: 5/24/2013 * Not all products updated

Data for Q4 2012


Institution Statistics


Patriot Bank
FDIC Certificate #57789
BankRate ReportView
Year Established2004
Employees24
Primary RegulatorFDIC

Assets and Liabilities

Assets$120.12 million
Loans$85.61 million
Deposits$103.84 million
Equity Capital$15.21 million
Loan Loss Allowance$1.40 million
Unbacked Noncurrent Loans$4.58 million
Real Estate Owned$1.52 million

Historic Data - December 2011

Assets$121.93 million
Equity Capital$15.32 million
Loan Loss Allowance$1.45 million
Unbacked Noncurrent Loans$4.68 million
Real Estate Owned$1.50 million

Profit Margin - Quarterly

Net Interest Margin4.34%
Return on Assets-0.13%
Return on Equity-1.04%
Interest Income$5.40 million

Institution Health


Overall Score:
4 out of 5
4
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 Patriot Bank had $6.1 million in non-current loans and owned real-estate with $16.61 million in equity and loan loss allowances on hand to cover it. This gives Patriot Bank a Texas Ratio of 36.71% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Patriot Bank held steady from 36.86% as of December 31, 2011 to 36.71% as of December 31, 2012, resulting in a positive change of 0.41%.This indicates that the balance sheet and financial strength for Patriot Bank has held steady in recent periods.
Deposit Growth5
In the past year, Patriot Bank has increased its total deposits by $5.11 million, resulting in 5.18% 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.
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 $120.12 million in assets with $16.61 million in equity, resulting in a capitalization level of 13.83%, 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.

2

Wish I Could Give A Zero Star Rating.
1 stars - consumer32 - Monday, August 27, 2012 - 10:17 AM

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!

 

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