Sunshine Savings Bank

1400 East Park Avenue
Tallahassee, FL 32301
(850) 219-7200
www.sunshinesavingsbank.com

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Sunshine Savings Bank is headquartered in Tallahassee and is the 154^th largest bank in the state of Florida. It is also the 3,917^st largest bank in the nation. It was established in 2007 and as of March of 2012, it had grown to 61 employees at 4 locations. Sunshine Savings Bank's savings rates are 35% higher than the national average, and it has a 3-star health rating.

3.00% 18-Month CD at Sunshine Bank in Florida - 4/21/2009

Sunshine Savings Bank continues to offer some competitive CD rates. The best rates require a $50K minimum deposit. These include a 2.50% APY 12-month CD, a 3.00% APY 18-month CD, a 3.10% APY 24-month CD and a 3.50% APY 48-month CD. Rates are about 25...

3.50% 13-Month CD & 3.15% 7-Month CD at Sunshine Savings Bank in Florida - 2/1/2009

Update 2/21/09: These special CD rates have fallen. Please check the bank's website for the latest rates.Sunshine Savings Bank has recently lowered its special CD rates, but they remain very competitive. The two specials are now 3.50% APY for 13 months...

3.95% 13-Month CD and 3.75% 7-Month CD at Sunshine Savings Bank in Florida - 1/20/2009

Update 2/12/09: The CD rates have fallen. Please check the bank's website for the latest rates.Sunshine Savings Bank has two very competitive CD specials: 3.95% APY 13-month CD and a 3.75% APY 7-month CD. Minimum deposit is $1,000. These rates are listed...

4.00% 15-Month / 4.25% 48-Month CD at a Florida Bank (Sunshine Savings). - 4/8/2008

Update 5/10/08: The CD rates have fallen. Please see the bank's website for the latest rates.Sunshine Savings Bank has a CD promotion with a 4.00% APY 15-month CD and a 3.60% APY 9-month CD. The minimum deposit is $1,000. The bank also has some...

2008

1/28 - 4.90% 13-Month CD at a Florida Bank (Sunshine Savings).

2007

12/9 - 5.55% 13-Month / 5.25% 7-Month CD at a Florida Bank (Sunshine Savings).

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

Sunshine Savings Bank Savings Account Rates

Apy	Min	Max	Product
0.70%	-	-	Regular IRA
0.70%	-	-	Roth IRA
0.70%	-	-	Conversion IRA
0.20%	-	-	Regular Savings
0.20%	-	-	Club Accounts

Sunshine Savings Bank Money Market Rates

	Apy	Min	Max	Product
	0.65%	$75k	-	Money Market Account

Sunshine Savings Bank CD Rates

Apy	Min	Max	Product
1.30%	$50k	-	60 Month CD
1.20%	$50k	-	48 Month CD
0.90%	$50k	-	36 Month CD
0.70%	$50k	-	24 Month CD
0.60%	$50k	-	18 Month CD
0.50%	$50k	-	12 Month CD

Sunshine Savings Bank IRA Rates

Apy	Min	Max	Product
1.30%	-	-	60 Month IRA
1.30%	-	-	60 Month Roth IRA
1.20%	-	-	48 Month IRA
1.20%	-	-	48 Month Roth IRA
0.90%	-	-	36 Month IRA
0.90%	-	-	36 Month Roth IRA
0.70%	-	-	24 Month IRA
0.70%	-	-	24 Month Roth IRA
0.60%	-	-	18 Month IRA
0.60%	-	-	18 Month Roth IRA
0.50%	-	-	12 Month IRA
0.50%	-	-	12 Month Roth IRA

Rates updated: 5/27/2012

Data for Q1 2012

Institution Statistics

Sunshine Savings Bank
OTS #	17971
FDIC Certificate #	58452
BankRate Report	View
Year Established	2007
Employees	61
Primary Regulator	OCC
Assets and Liabilities
Assets	$147.55 million
Loans	$98.77 million
Deposits	$126.69 million
Equity Capital	$20.49 million
Loan Loss Allowance	$1.30 million
Unbacked Noncurrent Loans	$4.19 million
Real Estate Owned	$1.25 million
Historic Data - March 2011
Assets	$158.77 million
Equity Capital	$15.05 million
Loan Loss Allowance	$859,000
Unbacked Noncurrent Loans	$3.85 million
Real Estate Owned	$599,000
Profit Margin - Quarterly
Net Interest Margin	4.07%
Return on Assets	-0.15%
Return on Equity	-1.07%
Interest Income	$1.56 million

Institution Health

Overall Score:

3 out of 5

Texas Ratio
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 March 31, 2012 Sunshine Savings Bank had $5.44 million in non-current loans and owned real-estate with $21.79 million in equity and loan loss allowances on hand to cover it. This gives Sunshine Savings Bank a Texas Ratio of 24.96% 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 Sunshine Savings Bank held steady from 27.95% as of March 31, 2011 to 24.96% as of March 31, 2012, resulting in a positive change of 10.69%.This indicates that the balance sheet and financial strength for Sunshine Savings Bank has held steady in recent periods.
Deposit Growth
In the past year, Sunshine Savings Bank has decreased its total deposits by -$6.8 million, resulting in -5.09% 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 Sunshine Savings Bank has shown is poor.
Capitalization
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. Sunshine Savings Bank has $147.55 million in assets with $21.79 million in equity, resulting in a capitalization level of 14.77%, which is excellent.