Vitals
  • Total Assets
    530.4M -2.3 %
  • Total Deposits
    473.7M 3.3 %
  • Total Net Loans
    416.6M 12.9 %
  • Net Income
    -2591000.0000 -181.5 %
  • Book Value
    49.7M -25.0 %
  • Book Value x2
    99.4M -25.0 %
  • Book Value x3
    149.1M -25.0 %
ROAA

-.618

ROAE

-5.439

Efficiency Ratio

96.531

Net Interest Margin

3.932

Balance Sheet Highlights
Financial Highlights Bay Cities Bank All Insured Commercial Banks in Florida
Balance Sheet $(000)
Total Assets 530,385 512,210
Total Net Loans 416,649 335,405
Total Deposits 473,744 423,939
Total Equity 49,703 54,777
Profitability
Net Income -2,591 2,658
Return on Average Assets -.618 .663
Return on Average Equity -5.439 6.368
Net Interest Margin 3.932 3.58
Efficiency Ratio 96.531 77.974
Noninterest Income/Revenue 8.241 14.022
Balance Sheet Ratios
Loan-to-Deposit 87.948 77.156
Securities/Assets .114 .172
Total Equity/Total Assets .094 .107
Tangible Equity/Tangible Assets .093 .103
Capital Adequacy
Tier 1 Common Capital 42,604 48,988
Tier 1 Capital 42,604 49,419
Tier 2 Capital 5,714 3,772
Total Capital 48,318 53,200
Total Risk Weighted Assets 482,257 355,919
Leverage Ratio 7.55 10.09
Common Equity Tier 1 Capital Ratio 8.83 15.164
Tier 1 Capital Ratio 8.83 15.25
Total Capital Ratio 10.02 16.397

Timeline for Bay Cities Bank

Centennial Bank

Bay Cities Bank was acquired by Centennial Bank 8 years

View Profile Oct 01 2015

Progress Bank Of Florida

Acquisition: Bay Cities Bank acquired a new subsidiary, Progress Bank Of Florida, 13 years

View Profile Oct 23 2010

Bay Cities Bank

Bay Cities Bank was established 24 years ago and is currently headquartered in Tampa, FL.

Nov 10 1999

Florida Business Bancgroup, Inc.

Florida Business Bancgroup, Inc. became a new parent organization for Bay Cities Bank.

View Profile Nov 10 1999
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Centennial Bank Buyer 9,751,545 Acquisition Discontinued 10/1/2015
Progress Bank Of Florida Seller 94,823 Failure 10/23/2010
Relationships Role Relationship Start Relationship End
Florida Business Bancgroup, Inc. Parent 11/10/1999 9/30/2015
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