BayFirst National Bank is headquartered in Saint Petersburg and is the 32nd largest bank in the state of Florida. It is also the 1,052nd largest bank in the nation. It was established in 1999 and as of June of 2022, it had grown to 490 employees at 7 locations. BayFirst National Bank's money market rates are 9X the national average, and it boasts an A+ health rating.
TINY, IGNORANT OF ESSENTIAL BANKING, RUDE, INCOMPETENT
Tiny, backwoods "bank" with fewer than 80 employees total, spread across five branches in hinterlands of South Florida. Unlike the major, national banks, this has NO Customer Service department of its own. Instead, you will have to deal with uneducated, emotional, unprofessional juveniles who are rude, incompetent, or both. These hick kids even make personal remarks about your "private" transactions. Worse, for ATM problems, this "bank" is so tiny and inferior they must contract with a third-party cubicle hive that clearly couldn't care less. FHB's local reputation is so bad, they have to pay a cash bonus to unsuspecting newcomers to persuade them to open an account. After one month with their constant mistakes over EVERY TRANSACTION, I'm returning the bonus and closing the accounts, since their employees' incompetence has cost me far more m time. If your time is worthless, you prefer teen angst to professional service, and you love NOT having ANY ACCESS to your own money, FHB is for you. If you're an adult seeking a real bank, look elsewhere.
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34997 |
| Year Established | 1999 |
| Employees | 490 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.1% |
| Return on Equity - YTD | 0.89% |
| Annual Interest Income | $16.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $921.3MM$1.20B |
| Loans | Q2 2022vs Q2 2021 | $706.8MM$1.00B |
| Deposits | Q2 2022vs Q2 2021 | $766.2MM$634.0MM |
| Equity Capital | Q2 2022vs Q2 2021 | $101.7MM$99.3MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $9.6MM$20.8MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $247.00K$1.2MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $56.00K$0 |