BayFirst National Bank is headquartered in SAINT PETERSBURG and is the 24th largest bank in the state of Florida. It is also the 863rd largest bank in the nation. It was established in 1999 and as of June of 2024, it had grown to 302 employees at 12 locations. BayFirst National Bank has an A health rating.
Customer Service
Brian Yuhas,at the Columbus Dr. location is an asset to this organization.He has gone above and beyond to help me and my family.I know of a few banks that could use employees like Brian.
Easy To Open At Local Branch
welcoming and helpful staff at local branch, information clear and transparent, easy process at branch. Rate is 6.01% for 14 mo CD
Fast Response On Phone
I just called about their new 6.1% CD and received a quick polite answer. I guess it depends on who answers the phone. Also, all their Bank financial ratings are good. I was lucky I guess.
Fiasco - 5 Days Wasted
Total waste of time.
Applied online last week for the CD because the website said "Easy Online Opening". When I did not hear back within 2 business days (said I would hear within 1), sent a message asking what the next step was in my ONLINE application, expecting a secure portal to enter the funding information. In return, I got a phone call. After 3 days of wasted phone-tag and email messages being exchanged with no clear answers to whether the CD could be opened online or not - I called and was told that - *5 days after my initial application*, that they had JUST added the option to actually open it online, but ONLY if it was less than $15,000. Otherwise you had to drive to a branch. Completely infuriating and I could have had my money in another bank earning interest had I known this 5 days ago. Nearest branch is a 20 mile drive and NOT online, and definitely not EASY. Choose another bank,
RESTRICTED TO FLORIDA RESIDENTS ONLY
Note: RESTRICTIONS/NEW ACCOUNTS
Must be a Florida resident in the following counties: Hillsborough, Pinellas, Pasco, Manatee and Sarasota
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34997 |
| Year Established | 1999 |
| Employees | 302 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.34% |
| Return on Equity - YTD | 3.68% |
| Annual Interest Income | $39.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $1.22B$1.09B |
| Loans | Q2 2024vs Q2 2023 | $994.5MM$825.4MM |
| Deposits | Q2 2024vs Q2 2023 | $1.04B$945.5MM |
| Equity Capital | Q2 2024vs Q2 2023 | $107.9MM$98.7MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $13.8MM$12.6MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $5.4MM$6.6MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $1.6MM$3K |
