Paradise Bank is headquartered in Boca Raton and is the 60th largest bank in the state of Florida. It is also the 2,079th largest bank in the nation. It was established in 2005 and as of December of 2020, it had grown to 50 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 Q4 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 58030 |
| Year Established | 2005 |
| Employees | 50 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.76% |
| Return on Equity - YTD | 17.07% |
| Annual Interest Income | $15.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $366.8MM$333.1MM |
| Loans | Q4 2020vs Q4 2019 | $249.2MM$210.7MM |
| Deposits | Q4 2020vs Q4 2019 | $324.7MM$296.9MM |
| Equity Capital | Q4 2020vs Q4 2019 | $35.0MM$34.3MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $1.9MM$1.5MM |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $1.3MM$0 |
| Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |