# BAYFIRST NATIONAL BANK
SAINT PETERSBURG, FL · FDIC certificate 34997 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *credit-stressed*. Composite score 7 (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 | $1.14B | |
| Deposits | $1.00B | |
| Loans and leases | $886.2M | |
| Total equity | $111.8M | |
| Loans / deposits | 84.00% (p43 of band) | 87.10% |
| Liquid assets / assets | 14.91% (p22 of band) | |
| Uninsured deposits / deposits | 19.52% (p17 of band) | 30.76% |
| Brokered deposits | 14.42% | |
| Wholesale funding | 14.42% (p78 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 8.61% (p7 of band) | 10.50% |
| Unrealized securities loss / equity | -2.62% (p76 of band) | -7.75% |
| AOCI / equity | -0.14% (p62 of band) | |
| ROA (annualized) | -6.32% (p0 of band) | 1.26% |
| Net interest margin | 3.52% (p38 of band) | 3.70% |
| Efficiency ratio | 246.13% (p100 of band) | |
| Noncurrent loans | 2.13% (p92 of band) | 0.51% |
| Net charge-offs (annualized) | 1.52% (p98 of band) | |
| Reserve coverage of noncurrent | 238.54% | |
| Real estate % of loans | 70% | |
| Construction % of loans | 34.07% (p35 of band) | |
| Auto loans | $5.3M (0.60% of loans; DQ 3.00%, NCO 0.03%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | -14.0% | |
| Employees | 148 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **noncurrent p90** (`aq_noncurrent`)
- **charge-offs p90** (`aq_nco`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 5 | losing money, expense ratio p90, noncurrent p90, charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 5 |  |  |
| 2011-09 | 5 |  |  |
| 2011-12 | 5 | leverage <7% | noncurrent p90 |
| 2012-03 | 5 | deposits shrinking, assets shrinking | expense ratio p90, charge-offs p90 |
| 2012-06 | 6 | charge-offs p90 |  |
| 2012-09 | 7 | leverage <5%, capital falling, expense ratio p90 | reserve under noncurrent, deposits shrinking, assets shrinking |
| 2012-12 | 5 |  | charge-offs p90, capital falling |
| 2013-03 | 2 |  | losing money, leverage <5% |
| 2013-06 | 2 |  |  |
| 2013-09 | 4 | deposits shrinking, assets shrinking |  |
| 2013-12 | 1 |  | expense ratio p90, deposits shrinking, assets shrinking |
| 2014-03 | 2 | charge-offs p90, uninsured deposits leaving | leverage <7% |
| 2014-06 | 0 |  | charge-offs p90, uninsured deposits leaving |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 1 | construction >100% equity |  |
| 2015-06 | 0 |  | construction >100% equity |
| 2015-09 | 0 |  |  |
| 2015-12 | 0 |  |  |
| 2016-03 | 1 | uninsured deposits leaving |  |
| 2016-06 | 0 |  | uninsured deposits leaving |
| 2016-09 | 3 | loans exceed deposits, liquid assets <10%, capital falling |  |
| 2016-12 | 0 |  | loans exceed deposits, liquid assets <10%, capital falling |
| 2017-03 | 1 | charge-offs p90 |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 3 | loans exceed deposits, capital falling |  |
| 2018-03 | 2 |  | loans exceed deposits |
| 2018-06 | 2 | expense ratio p90 | capital falling |
| 2018-09 | 2 |  |  |
| 2018-12 | 4 | liquid assets <10%, losing money |  |
| 2019-03 | 3 | uninsured deposits leaving | expense ratio p90, losing money |
| 2019-06 | 2 | capital falling | liquid assets <10%, uninsured deposits leaving |
| 2019-09 | 3 | uninsured deposits leaving |  |
| 2019-12 | 2 |  | uninsured deposits leaving |
| 2020-03 | 4 | losing money, expense ratio p90 |  |
| 2020-06 | 6 | loans exceed deposits, wholesale funding >15%, leverage <7% | losing money |
| 2020-09 | 5 | liquid assets <10% | capital falling, leverage <7% |
| 2020-12 | 5 |  |  |
| 2021-03 | 4 |  | expense ratio p90 |
| 2021-06 | 4 | assets shrinking | liquid assets <10% |
| 2021-09 | 4 |  |  |
| 2021-12 | 3 | noncurrent p90 | loans exceed deposits, wholesale funding >15% |
| 2022-03 | 6 | capital falling, expense ratio p90, reserve under noncurrent |  |
| 2022-06 | 6 |  |  |
| 2022-09 | 7 | liquid assets <10%, losing money | assets shrinking |
| 2022-12 | 4 |  | capital falling, liquid assets <10%, losing money |
| 2023-03 | 2 |  | noncurrent p90, reserve under noncurrent |
| 2023-06 | 3 | capital falling, noncurrent p90 | expense ratio p90 |
| 2023-09 | 2 |  | noncurrent p90 |
| 2023-12 | 2 | liquid assets <10% | capital falling |
| 2024-03 | 3 | uninsured deposits leaving |  |
| 2024-06 | 5 | capital falling, reserve under noncurrent |  |
| 2024-09 | 6 | noncurrent p90 |  |
| 2024-12 | 5 |  | capital falling |
| 2025-03 | 5 | losing money | uninsured deposits leaving |
| 2025-06 | 8 | brokered >10%, wholesale funding >15%, capital falling |  |
| 2025-09 | 10 | leverage <7%, expense ratio p90, uninsured deposits leaving | liquid assets <10% |
| 2025-12 | 9 |  | uninsured deposits leaving |
| 2026-03 | 9 | assets shrinking | capital falling |
| 2026-06 | 7 | deposits shrinking | reserve under noncurrent, wholesale funding >15%, leverage <7% |

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

- 2026-05-01 [A struggling Florida bank changes CEOs, raises capital - American Banker](https://news.google.com/rss/articles/CBMikwFBVV95cUxQMkhrbWg4cHUtMF9OMkE3R0FOVVdxWU0wTkRZSlZjYnlTdXBxOFpQQmgwc2RER1R3TTg5TFF1SlZvcVBCS2FZcjNOOHlQcmNwMDBUQk1TZ2hCbDk5UWhkV3NhMG9xektYZ09CSldXOWNDVFhBSDQwX3JzRTl6bGI1ejlRUmRVdHowYnVlNnN5N3p0Qzg?oc=5) · American Banker
- 2026-05-01 [St. Pete bank announces new CEO, $80M recapitalization - Business Observer](https://news.google.com/rss/articles/CBMifkFVX3lxTE40T0t4eUJTcFp0UFZoaGE0alVlZnAyQ0xSbjJ4MmlKMjFIRm1TQ0d1cW9nMFhNTjZsLVlzRHZ5WXVWcWZSVktVdWc4MTJhTlVXcnlxVUJ3ekJwMmlaSGtaMlpjdU11SEhSQkwwYi14SnFiYWw0UDVXUC1MdTlHUQ?oc=5) · Business Observer
- 2026-05-05 [BayFirst names Al Rogers as new CEO - St Pete Catalyst](https://news.google.com/rss/articles/CBMicEFVX3lxTE9XMDBQd2xadE9LMng1TmxFWEd6ZEdyYXhmbElZOFctUGs4WGpYYm1kdUY3RHJnOVdJOVV4Ym5pSlh5M3hDWUw3STdpQlpRU1EzS09VR2JDV1UxY3VZSno1bzREcl9RNXNjRTFNN1VNRDI?oc=5) · St Pete Catalyst
- 2025-11-11 [BayFirst National Bank Data Breach Exposes SSNs; Lawsuit Possible - ClassAction.org](https://news.google.com/rss/articles/CBMijAFBVV95cUxOTGFtVk9HMGF0TU15NmNPdVQ4c1V3U253cHNEM3VZT1k0OXlBTnlSdkl1ZnBNTU9ENVJzSVh6NE5BQUNCR0R0bXpubHc5MXBrQTQzVk91U0Q4R25XaW5CQk9ZTGdBZEs5b0tMMzBDeDJpcnpYVWRKQlZnRUFLNFJLWHRVS3QxTkkta1ZuTg?oc=5) · ClassAction.org
- 2025-08-06 [Florida’s BayFirst sheds 51 jobs, shutters SBA loan platform - Banking Dive](https://news.google.com/rss/articles/CBMirwFBVV95cUxNWjhHSlFfdFlTTlNDOEtEbFVsQlo3Ym5WZEFUSDVzbkQ1a2o1QWU2LXFPUWVMQkREd09sMmt5ZndLbmFLNzhUUlpSOUN4TTVzSnpCNVN4bmtfdk1JT05jYlZmcVFwcHIzSlMtTGh2YmRPbVlKTzlWREtXWHBxZTFCY19wZXhOdnY4c1RfR0NEWFFOendFbktfeFpCYUpuMTBzUzZ4Q1FZUm40LXAxSkZN?oc=5) · Banking Dive
- 2022-09-23 [BayFirst Financial To End Lending Nationwide, Focus On Florida - National Mortgage Professional](https://news.google.com/rss/articles/CBMiowFBVV95cUxQTUQyMGdXOVFuX1JxTjlDZ3lhTGFtUVB5MHFmVUVfM1hyMUtrSWRzaU1rWGcyMm1BVGxHZHB3c2l6TnRhc1lINzhBNUg0U1FQVmxKZllJTWoxX1B5Ync5bVc2d3MzeFg3OUJkQ1diZEdfOXRYd1pfaF9MNlQwVmM4emJpcFZmdkU5T3MwTUpCb3VaR21GM2k0QlB2dnc4OHN3Qmdr?oc=5) · National Mortgage Professional
- 2025-11-01 [St. Pete bank posts $19M loss, but execs confident in restructuring - Business Observer](https://news.google.com/rss/articles/CBMilAFBVV95cUxOZFZMS2o5T1JWaFp4RjZmQ1ktOWFpZXVUYmZXWVlIc05kZlVyLU9rU0ZTaXgxbVJsX3g2a1JIT3hqcUMtWTJvOTlDaXZCenM2LXhiZ1UxNUo3LW5qck4tZUFDWG9pLUhVWDY1OW5qZGQ4eGdaOEJBM1NCRG03RkR6T2hzVF9INzdSM0dXRGFkZEJkZUxw?oc=5) · Business Observer
- 2024-01-16 [BayFirst National Bank opens full-service center, in Sarasota (PHOTOS) - TBBW](https://news.google.com/rss/articles/CBMioAFBVV95cUxQQTRWUHlnb05hODJxd2FpWW10dF9wZEdZbjYtUndjUV85aGZTcmloZlRjMENZYUh4TElFaUFxR3B2eWYxRUctRWR4WHFVZ3pQWUsyeGtUZWR0NHFacE0yMTF4cmJSbXd3YWpUdDFaVU5iblcyN0t5djREZk81eENtMHQ2QlJieXl5My0yWUxmMWFNVWh2NVVSOVBGMmtkMjdE?oc=5) · TBBW

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=34997 (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/53.json (key "34997", 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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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide