3 star ratingAverage User Rating:
3 star rating based on 2 reviews.

The Bank of Tampa

The Bank of Tampa Locations
601 Bayshore Boulevard, Suite 100
Tampa, FL 33606
www.bankoftampa.com



The Bank of Tampa is headquartered in Tampa and is the 23rd largest bank in the state of Florida. It is also the 625th largest bank in the nation. It was established in 1973 and as of March of 2012, it had grown to 213 employees at 9 locations. The Bank of Tampa has a 4-star health rating.

The Bank of Tampa Routing Number: 063108680


Data for Q1 2012


Institution Statistics


The Bank of Tampa
FDIC Certificate #21031
BankRate ReportView
Year Established1973
Employees213
Primary RegulatorFDIC

Assets and Liabilities

Assets$1.06 billion
Loans$617.10 million
Deposits$952.26 million
Equity Capital$92.16 million
Loan Loss Allowance$18.33 million
Unbacked Noncurrent Loans$14.62 million
Real Estate Owned$2.86 million

Historic Data - March 2011

Assets$986.81 million
Equity Capital$84.20 million
Loan Loss Allowance$15.78 million
Unbacked Noncurrent Loans$29.91 million
Real Estate Owned$11.46 million

Profit Margin - Quarterly

Net Interest Margin3.74%
Return on Assets0.73%
Return on Equity8.31%
Interest Income$9.75 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
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 The Bank of Tampa had $17.48 million in non-current loans and owned real-estate with $110.49 million in equity and loan loss allowances on hand to cover it. This gives The Bank of Tampa a Texas Ratio of 15.82% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for The Bank of Tampa decreased significantly from 41.41% as of March 31, 2011 to 15.82% as of March 31, 2012, resulting in a positive change of 61.80%.This indicates that the balance sheet and financial strength for The Bank of Tampa has improved significantly in recent periods.
Deposit Growth5
In the past year, The Bank of Tampa has increased its total deposits by $66.47 million, resulting in 7.5% 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 The Bank of Tampa has shown is excellent.
Capitalization4
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. The Bank of Tampa has $1.06 billion in assets with $110.49 million in equity, resulting in a capitalization level of 10.40%, which is above average.
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Locally Connected - Personally Committed (If You're Wealthy)
1 stars - angeljrusf - Wednesday, November 16, 2011 - 8:57 AM

My business had been a client of The Bank of Tampa since 2009.  During that time frame, we grew, increased our average deposits, paid down debt, and have had an exemplary payment record with all of our creditors.  We've reached out to the bank to help us consolidate debt, obtain more competitive interest rates, and help us improve our working capital to propel us to the next level multiple times.  Each of the times we reached out, the message I heard was simple, "we don't lend unless you don't need the money".

Our relationship manager left the bank back in June 2011, a new one was not assigned.  I reached out to someone who used to work under my prior relationship manager and had recently been promoted.  I was not treated with the respect I felt I deserved and was given the run-around on many items.  Even after eight years in business, The Bank of Tampa considered my company a start-up and the new relationship manager didn't even know how long we'd been in operation.

Ultimately, I took my business elsewhere and the bank retaliated by shutting down our credit card based on financial information from 2009 (without even asking for updated information).

If you are an attorney, physician, wealthy, or any combination thereof, The Bank of Tampa will be personally committed to you.  If you're a growing small business with less than stellar financials but a proven track record of meeting your obligations, do yourself a favor and take your business elsewhere.  The Bank of Tampa is interested in one thing and one thing only, your deposits.

7

Best Banking Experience In Tampa!
5 stars - xxxx - Wednesday, October 5, 2011 - 12:28 PM

I have been a BoT client for almost 20 years and am very pleased with the experience.  Their savings/CD rates are competitive, as are their loan/mortgage rates.  In addition, the staff is courteous, professional, and well-informed.  I have had accounts with other local banks (BofA, Wachovia, SunTrust, and BB&T), but I find that BoT provides the best overall quality of services.  If you're tired of being treated like "just another customer" by your current bank and are looking for an outstanding full-service institution in the Tampa Bay area, visit Bank of Tampa -- you won't regret it.

1