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  2. Paradise Bank

Paradise Bank


Overview / Commentary
www.paradisebank.com
561-392-5444
2420 N. Fedl Hwy
Boca Raton, FL 33431

Paradise Bank is headquartered in BOCA RATON and is the 53rd largest bank in the state of Florida. It is also the 2,121st largest bank in the nation. It was established in 2005 and as of June of 2024, it had grown to 48 employees at 3 locations. Paradise Bank has an A health rating.

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Health
A

Data as of Q2 2024

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Health Grade Components

Overall
FDIC Certificate #58030
Year Established2005
Employees48
Primary RegulatorFED
Profit Margin
Return on Assets - YTD3.25%
Return on Equity - YTD43.15%
Annual Interest Income$13.7MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$380.6MM$357.8MM
LoansQ2 2024vs Q2 2023$264.8MM$217.1MM
DepositsQ2 2024vs Q2 2023$348.5MM$325.3MM
Equity CapitalQ2 2024vs Q2 2023$28.3MM$28.5MM
Loan Loss AllowanceQ2 2024vs Q2 2023$2.7MM$2.6MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$0$0
Real Estate OwnedQ2 2024vs Q2 2023$0$0
Rates

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Locations


Paradise Bank Locations
Delray Beach Office Branch1351 N Federal HwyDelray Beach, FL 33483
Paradise Bank2420 N Federal HwyBoca Raton, FL 33431
Ft Lauderdale Office Branch540 N Federal HwyFort Lauderdale, FL 33301

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