Ocean Bank is headquartered in Miami and is the 9th largest bank in the state of Florida. It is also the 276th largest bank in the nation. It was established in 1982 and as of December of 2018, it had grown to 707 employees at 22 locations. Ocean Bank has an A+ health rating.
I was looking for free checking, (true free checking), and I was tired of the bigger banks where you are just a number. There is a local bank, here in Hialeah, that has been around for years, so I decided to check them out. I went online and found out about their checking accounts. I was pleasantly surprised that they offered just as good as the bigger banks. I went to the local branch because I wanted to be sure of how attentive they were going to be and that I understood what they had to offer. I was blown away with how attentive they were. We sat down and went over the features of all of the checking accounts, what would work best for me. We talked about CD's and savings accounts and I was so impressed that I ended up opening a CD with them. They have excellent customer service, they go well beyond the norm to try and provide the best options for you. I have since opened a savings account with them as well.
|FDIC Certificate #||24156|
|Return on Assets - YTD||1%|
|Return on Equity - YTD||8.5%|
|Annual Interest Income||$166.9MM|
|Assets and Liabilities|
|Assets||Q4 2018vs Q4 2017||$3.88B$3.71B|
|Loans||Q4 2018vs Q4 2017||$3.12B$2.97B|
|Deposits||Q4 2018vs Q4 2017||$3.33B$3.19B|
|Equity Capital||Q4 2018vs Q4 2017||$451.3MM$426.5MM|
|Loan Loss Allowance||Q4 2018vs Q4 2017||$45.1MM$41.9MM|
|Unbacked Noncurrent Loans||Q4 2018vs Q4 2017||$9.0MM$13.5MM|
|Real Estate Owned||Q4 2018vs Q4 2017||$6.2MM$9.6MM|
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