# PLATINUM BANK
BRANDON, FL · FDIC certificate 34620 · asset band $300M-1B · latest filing 2017-03 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 3 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $606.0M | |
| Deposits | $518.8M | |
| Loans and leases | $463.0M | |
| Total equity | $41.0M | |
| Loans / deposits | 88.28% (p62 of band) | 83.04% |
| Liquid assets / assets | 22.34% (p43 of band) | |
| Uninsured deposits / deposits | 35.33% (p86 of band) | 20.72% |
| Brokered deposits | 3.32% | |
| Wholesale funding | 10.93% (p70 of band) | |
| FHLB advances / assets | 6.68% | |
| Tier 1 leverage | 7.26% (p2 of band) | 10.16% |
| Unrealized securities loss / equity | -0.48% (p49 of band) | -0.46% |
| AOCI / equity | 0.44% (p61 of band) | |
| ROA (annualized) | -2.13% (p0 of band) | 0.90% |
| Net interest margin | 3.68% (p58 of band) | 3.57% |
| Efficiency ratio | 160.03% (p100 of band) | |
| Noncurrent loans | 0.33% (p30 of band) | 0.63% |
| Net charge-offs (annualized) | 0.04% (p69 of band) | |
| Reserve coverage of noncurrent | 325.68% | |
| Real estate % of loans | 78% | |
| Construction % of loans | 116.35% (p94 of band) | |
| Auto loans | $312,000 (0.07% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | 4.8% | |
| Employees | 84 | |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **construction >100% equity** (`conc_construction`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 1 |  | reserve under noncurrent |
| 2011-09 | 1 |  |  |
| 2011-12 | 2 | reserve under noncurrent |  |
| 2012-03 | 2 |  |  |
| 2012-06 | 2 |  |  |
| 2012-09 | 3 | uninsured deposits leaving |  |
| 2012-12 | 3 |  |  |
| 2013-03 | 2 | capital falling | reserve under noncurrent, uninsured deposits leaving |
| 2013-06 | 2 |  |  |
| 2013-09 | 0 |  | wholesale funding >15%, capital falling |
| 2013-12 | 0 |  |  |
| 2014-03 | 0 |  |  |
| 2014-06 | 0 |  |  |
| 2014-09 | 2 | wholesale funding >15%, capital falling |  |
| 2014-12 | 1 |  | wholesale funding >15% |
| 2015-03 | 1 |  |  |
| 2015-06 | 1 |  |  |
| 2015-09 | 0 |  | capital falling |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 1 | capital falling |  |
| 2016-09 | 0 |  | capital falling |
| 2016-12 | 1 | uninsured deposits leaving |  |
| 2017-03 | 3 | losing money, expense ratio p90, construction >100% equity | uninsured deposits leaving |

## In the news (Google News, unfiltered, newest first; check the city)

- 2017-01-20 [CenterState’s Platinum Bank acquisition to be approved in April - Plant City Observer](https://news.google.com/rss/articles/CBMingFBVV95cUxQRGp2Q2tURlU0NzBsbUZDb1VXaUtzbEQwV29zalJFNV9lZ1NmRzhwbDVxVXYzQjRCS0RLaEJKMFJtbDhVZWR4VnFKN1Vud01hX182ZUd2WXdiWWtVN1pRMWw5STdvcWQ3eFhFNTlrUlIwbzBqYXYwT1RfR2lMX3haUWNQa1JyZTVIbzllSkJocUVPSFVyRHJzX05BWHY0dw?oc=5) · Plant City Observer
- 2016-10-18 [Brandon-based Platinum Bank is bought for $83.9M - Tampa Bay Times](https://news.google.com/rss/articles/CBMirgFBVV95cUxPVkNQZXNBZktiSC1LWHFVb1B5eHp3d3BrQ0tUT1RaNUFTVWptbVY4Y09ScE9ISElxMjloSHd3NlltV0ZjVlVpZ01RRjNlWjR3eXpPVktnTDJ6NVVlRHhPdTVhQUpYWE83eWx6QVRvTFY2blNtNkdEUlJSclVxZWhJZVQ5RmpobnB4VVJ0dkJRQnJOZThBUVhrQW1xR0hEZWVyZjBHcXAweEc2d2pSV0E?oc=5) · Tampa Bay Times
- 2012-03-06 [Banking in LEGOLAND - American Banker](https://news.google.com/rss/articles/CBMibEFVX3lxTE5WM09HYzZhaDZRTElTVDFPVVpyWWlfVU8xVkJDYmI4MVo5OE5MV2Mzb0JOZFJfbW92bV9PSl9iYzV6U1FiU1RFNzNUOTNpQm5abmZQZ252WVdjQTdqRld5Rmh0dWtiT2xaVDFaRw?oc=5) · American Banker
- 2016-10-24 [Complaints increase at Florida credit unions - Sarasota Herald-Tribune](https://news.google.com/rss/articles/CBMivAFBVV95cUxOZnEtY0NpdXlMQnRQQmNOa2Z5eWtESnUyNGhqOW1EV1Z3YUtkdUk0aG9wZ2gwNEVGdVdKNGtQX0pCLXM5T21tS0dHc1dkbXpRTzg3cWJMQXVPaXdUVml5WlRac01vWUF3bEF5Nng2MWpCR2VuV1BzZERlb0lvNGFMbGdXRk9OYjFlUDlzTXJXUmdoNGtxMUVubklRdHZydy0zOE4zaUtHQmVPSERrYS1rbmRzUHBCYkdrRUdRRg?oc=5) · Sarasota Herald-Tribune
- 2010-10-06 [Man Arrested After Lakeland Bank Robbed - Lakeland Ledger](https://news.google.com/rss/articles/CBMiogFBVV95cUxOUm9va2s3dE5MS3QtTEcyNjJWaWt2OWZVdXNuY2hlUVVwaldqNjhZaGpoaVNqekNNczVNME9obkF2ZTJZSnp2VXR6d0JrX0J6MjNoR1pjd3gxbXhLejN3eWVob3ktcFdYb2F3T2VSM2dKNVZXTXNEbXNPVENuRmpNSUdsZHZBeE5pcGk1S0RkSDdqalpoMWxUWV81dXdCbVljN1E?oc=5) · Lakeland Ledger
- 2016-12-01 [Daytona's Gateway Bank agrees to merge with CenterState - Daytona Beach News-Journal](https://news.google.com/rss/articles/CBMixwFBVV95cUxPU09HT3U4QTNDcDVjS3hZTTdET0cyT1FIUURoSzJfU2RuVERZZmlibEtxMG9EeWNPZUJBT2Z1cXd1aXJxZkNiSWZXbFAwRTNaYlU3b2JUb0NTbHhhb0tsZTFXUWtKU0cwQVgtWVdnbmJ2Ukc5aE9EMUVQZURjb3hqTTdkcVlMY2ZpYnFYT3BmT19YN2RuX0FIN1NqRTR0Qjg4d3FxV3F1ZHJXZF90ZEVVRWs1Z2NCRGs4ZlVwby1QYWgwajNYSS1R?oc=5) · Daytona Beach News-Journal
- 2023-12-01 [Executive roundtable discussion: Workforce development and talent management — Publisher’s Dinner - The Business Journals](https://news.google.com/rss/articles/CBMirgFBVV95cUxNX01GY0o3Mm9Lc2J4QUZscVAzVlI1MlFDemJ4VEF1TW85MXZOamU2bGpBZXphcEY5OG9Zc3FLWGN5YnZ6c3ctaVBHUFRuazMtU09XdURqRmsxblhFNlc2bE5oR3N3aGk3bFRES0tPYnRPS3dFdHVBVGl2b2EzNzhVT2RFSFRQNUZwRDUtRXNkZ1Q0ZU5SMTBpY1NlQzNLNkxWejJkNk5hMmVXbmktY1E?oc=5) · The Business Journals
- 2008-01-31 [Police Release Photos of Bank Robbery Suspect - Lakeland Ledger](https://news.google.com/rss/articles/CBMiqgFBVV95cUxOcUs1clRmOXd4N0JmTXZQMlNaT1hVN3FGSC1VZENWQ2VCcXdDTTRrSy1WUHN4eW5kSnhKMWhBZVZGbXdyNTBvRlJLM1ozVFEyejV3VXFHSF9QV3I3ZmxndEJMTEhFMUhDam1MdEo3amhsSlpVYTFFcVRGclBpdGZVNVpfU0luM1RXZ3ZpdHJJYmRJaW44dW5fX0dFdzFEREZPaS1BdnFfMUliZw?oc=5) · Lakeland Ledger

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=34620 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/60.json (key "34620", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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