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305-441-0817
3191 Coral Way
Miami, FL 33145

Terrabank is headquartered in Miami and is the 83rd largest bank in the state of Florida. It is also the 2,379th largest bank in the nation. It was established in 1985 and as of December of 2013, it had grown to 75 employees at 3 locations. Terrabank has a B+ health rating.

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B

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, 2013 Terrabank had $5.3 million in non-current loans and owned real-estate with $30.84 million in equity and loan loss allowances on hand to cover it. This gives Terrabank a Texas Ratio of 17.17% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for Terrabank decreased dramatically from 24.94% as of December 31, 2012 to 17.17% as of December 31, 2013, resulting in a positive change of 31.15%.This indicates that the balance sheet and financial strength for Terrabank has improved dramatically in recent periods.

Deposit Growth

GRADE:
C

In the past year, Terrabank has decreased its total deposits by -$5.75 million, resulting in -2.4% 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 Terrabank has shown is average.

Capitalization

GRADE:
A

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. Terrabank has $269.08 million in assets with $30.84 million in equity, resulting in a capitalization level of 11.46%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #26442
Year Established1985
Employees75
Primary RegulatorOCC
Assets and Liabilities
Assets$269.08 million
Loans$176.88 million
Deposits$233.78 million
Equity Capital$28.31 million
Loan Loss Allowance$2.54 million
Unbacked Noncurrent Loans$5.30 million
Real Estate Owned$0
Historic Data - December 2012
Assets$268.35 million
Equity Capital$27.39 million
Loan Loss Allowance$2.47 million
Unbacked Noncurrent Loans$5.30 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.53%
Return on Assets0.63%
Return on Equity6.09%
Interest Income$10.61 million
Rates

Sorry, we do not have rate data for Terrabank

Locations


Terrabank Locations
University Center Branch1615 S.W. 107th AvenueMiami, FL 33165
Terrabank, National Association3191 Coral WayMiami, FL 33145
Hialeah Branch637 W 49 Th StreetHialeah, FL 33012