Paradise Bank is headquartered in Boca Raton and is the 62nd largest bank in the state of Florida. It is also the 2,056th largest bank in the nation. It was established in 2005 and as of June of 2021, it had grown to 51 employees at 3 locations. Paradise Bank has an A health rating.
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Paradise Bank
Despite being a small community based bank, Bill Burke - and his team at Paradise Bank - provide a number of "big bank" services to their customers. I am especially impressed at their SBA or Small Business Administration loan ability. Five stars!
Excellent customer service, a "small bank" feel, low fees compared to the "big" banks, plenty of parking and comfortable banking accommodations, Paradise Bank provides it all. They are also especially charitable within the community they serve.
I have been a client for over a decade and wouldn't think of banking elsewhere.
William E. Lewis Jr.
Fort Lauderdale, Florida.
Great Banking Institution
Paradise Bank is one of the most professional banking institutions I have ever deal with. From Their front line staff like Marilyn to the Upper mgnt Group.
Data as of Q2 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 58030 |
| Year Established | 2005 |
| Employees | 51 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 3.43% |
| Return on Equity - YTD | 35.04% |
| Annual Interest Income | $7.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $393.1MM$355.1MM |
| Loans | Q2 2021vs Q2 2020 | $251.4MM$262.3MM |
| Deposits | Q2 2021vs Q2 2020 | $351.4MM$311.3MM |
| Equity Capital | Q2 2021vs Q2 2020 | $38.4MM$36.1MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $2.3MM$1.9MM |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $1.3MM$0 |
| Real Estate Owned | Q2 2021vs Q2 2020 | $0$0 |