# FLORIDA BUSINESS BANK
MELBOURNE, FL · FDIC certificate 35304 · asset band <$300M · latest filing 2021-12 · stopped filing (departed)

**Verdict on the desk:** this could be *fortress*. Composite score 0 (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 | $189.1M | |
| Deposits | $166.3M | |
| Loans and leases | $123.6M | |
| Total equity | $22.2M | |
| Loans / deposits | 73.05% (p70 of band) | 61.86% |
| Liquid assets / assets | 34.10% (p32 of band) | |
| Uninsured deposits / deposits | 44.20% (p94 of band) | 19.57% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p25 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 11.89% (p67 of band) | 10.43% |
| Unrealized securities loss / equity | -2.55% (p15 of band) | 0.00% |
| AOCI / equity | -3.05% (p36 of band) | |
| ROA (annualized) | 1.50% (p80 of band) | 0.96% |
| Net interest margin | 4.39% (p91 of band) | 3.26% |
| Efficiency ratio | 54.97% (p15 of band) | |
| Noncurrent loans | 0.00% (p12 of band) | 0.28% |
| Net charge-offs (annualized) | -0.10% (p3 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 91% | |
| Construction % of loans | 39.14% (p75 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 3.5% | |
| Employees | 13 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | wholesale funding >15%, expense ratio p90, reserve under noncurrent |  |
| 2011-06 | 2 |  | wholesale funding >15% |
| 2011-09 | 4 | capital falling, losing money |  |
| 2011-12 | 3 |  | capital falling |
| 2012-03 | 1 |  | expense ratio p90, losing money |
| 2012-06 | 1 | assets shrinking | reserve under noncurrent |
| 2012-09 | 2 | deposits shrinking |  |
| 2012-12 | 0 |  | assets shrinking, deposits shrinking |
| 2013-03 | 1 | deposits shrinking |  |
| 2013-06 | 0 |  | deposits shrinking |
| 2013-09 | 0 |  |  |
| 2013-12 | 0 |  |  |
| 2014-03 | 0 |  |  |
| 2014-06 | 1 | assets shrinking |  |
| 2014-09 | 0 |  | assets shrinking |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 0 |  |  |
| 2019-06 | 0 |  |  |
| 2019-09 | 0 |  |  |
| 2019-12 | 1 | capital falling |  |
| 2020-03 | 0 |  | capital falling |
| 2020-06 | 0 |  |  |
| 2020-09 | 1 | capital falling |  |
| 2020-12 | 0 |  | capital falling |
| 2021-03 | 0 |  |  |
| 2021-06 | 1 | deposits shrinking |  |
| 2021-09 | 2 | assets shrinking |  |
| 2021-12 | 0 |  | deposits shrinking, assets shrinking |

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

- 2021-08-25 [Sarasota-based bank will be acquired by another Florida bank in $53.9 million deal - Sarasota Herald-Tribune](https://news.google.com/rss/articles/CBMiwgFBVV95cUxONVJEaGFmNEpjR1NWUVRwcE9Qb2hKZFpRWVFzWUlUSm9tdjdMdTNJaU0xallDZWhPamJjWjBKcF9UbExhc0c1OS15c21LMkpxOUpmaDhsMWJramFSanZqN2NaY3lETUJtYUlKV243ODB1SEJ5cHlqczJrWV9RcExwd2d3ZXBFNDNhUEd1MVNaWGJwbndDcHBWal94aXM0NEpQZFdCRHBLbm5kbTc0OFNQcHVYSWI1YXdmUlNfdXFNU0FqZw?oc=5) · Sarasota Herald-Tribune
- 2025-05-30 [Seacoast bets big on The Villages in $710.8M deal - Banking Dive](https://news.google.com/rss/articles/CBMioAFBVV95cUxObkJsS0ZrMlhPdktxZGQ2akRtRlFFanlFRWtFM2M0b3NrY0ZicGc1eVpIMjZjelJtLXdtbUdWUkRzemFuX3dPZm9NTkhyTDRmdThRaHlGWmh6Zkc4VGZCQm9aVXV6ZFI2X1lzM0VyY1l3MmdsVU9qaHFDTC1Ob0lTUDNhUWRpZ21Qb0JGSnduV2tYZlV2TUktcWp0T1lZNEtZ?oc=5) · Banking Dive
- 2022-01-04 [Sarasota bank sale, a $54 million deal, closes - Business Observer](https://news.google.com/rss/articles/CBMipAFBVV95cUxNbGFQQVdvR1JJcWlFa3BEY1V1V1VwTzZRLVA4X2xmSE0tbUNHLTI5a2pfVHRPQU0xRlF3VFhFMkx0LVdiUmZNdWNfYXNpOWdtZ29JOEhKeFNQaVl6aTczQ01JZi1mbnNaODFubF80OUdUcHpjUWZub2NMeDN6c3ljb1BQTHMydVNHYWswcXlyeDNnOS1SSW5hRjhVZncxTXZhZTl5bA?oc=5) · Business Observer
- 2024-04-06 [Seacoast Bank to build new office at existing headquarters on Colorado Avenue in Stuart - Treasure Coast News](https://news.google.com/rss/articles/CBMihgJBVV95cUxOaU9LcjkyQWQzVmRNR29VczRSTXlXN3hpWm4tOWlDMFAyYTRaakF0LWtGVk9EUUZXVUI5SFB1YnEtb2ZMSmVrNkFRYy1DNWlCMkxhakVCLWhuSUhaWHN5cXhEaXk4YVBPaFlXSFp0WXliVUMwWU9pbUFvTUJESDJCWG9vVDI0bGZtN2xIUl92OGpHckJkcDhPR1RZWVR1cmlRcGxHU2dsMUFTUGFZWk9wUk5CZXpmUm5SWVI0RkJTTl8xMjRrcGptVXEwSUZOMEhiV0c2Um5DbHBDTXBad3ZGMGUyckdPbzFZREM1WklsOThVQmZwOTVmT1lFSWRJb2FXcjVNamNn?oc=5) · Treasure Coast News
- 2018-08-22 [Search continues for Melbourne bank robber - WESH](https://news.google.com/rss/articles/CBMihgFBVV95cUxNTXZUZUJQdDIzWDRySjNuZFhmcFdLYVpEZTBtSDNlRnRXc3F5ODhLU3BDa3l0M3RoZHpUdFdLd0VwbVdUTTZFQ1A1c0g2T2tzUGpxVy0wU3FKdDVNeS1VRE9xajUwb1lNZ0lOdXFVMndJbTZvRURUSkpaSTZLRXNjWmJaTTNNdw?oc=5) · WESH
- 2018-10-18 [Major hotel transaction with Crowne Plaza sale - Florida Today](https://news.google.com/rss/articles/CBMipwFBVV95cUxQVzdOSjFVNW9lSHIwaUtzTlcybnVObFNXOFM2YXVRMHZpTjFOa0lKVnlWakhMS1FFRHR4R2txU3J2MnJBWXVCSnlIWEVoN3RLSmRBMnBHd3p1RUZjRmpBQ09laXJZSVBCQktrRGd3VDNTOXdKUE0zc1NPdF9uUlg0U19TNlBYcHRWZ0k4cEgyUW04eVFDUmI0SGdJbHIwS1RNUU5LcXBpNA?oc=5) · Florida Today
- 2011-01-25 [An Evening of Hope April 8 to Benefit Scott Center for Autism Treatment - Florida Tech News](https://news.google.com/rss/articles/CBMisgFBVV95cUxOWHB6WnpHTGo2bVdNcTlqbUNmNHpVeXQtbkxhQmZkWU5wSW8zT3c4ZkVXaUtvRzNsaDFRVGRncnM1LU5JTjR2V3hzd09qWEJkWXpOMGtKbkVIYkxFX0wyZm1lQUh3LUxYSy1Hd3ZSemRwR01wSEwtb2VwQzFXVVRYWHZWc3VkR2lXUVJvZm1wa3pjdjJuV0NzNTRObVYtdVRsMTFDYTdfTGhKODZ1ampYaHZR?oc=5) · Florida Tech News
- 2021-10-27 [The pandemic transforms Scott Harris’ DeliverLean - Florida Trend](https://news.google.com/rss/articles/CBMilwFBVV95cUxOMXRoeUV2TTViMVV5TlNBcnptT3g3OE8zYWdIUE1aQ3dQUFhwblJ1V2NDZTQ5dDFLSTQyeDFOZVd2Tjc2TU9qMjJVbTFGU1R5WkxIVDJwOEhLelQ3MmRLV3hMM2VKTGlHMnlwaVlpM3hxbVVELVNuMmlRY18xdi1nVkxJZlpYeHF5UDBxVm5EZjZaNW1DUXJv?oc=5) · Florida Trend

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=35304 (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/40.json (key "35304", 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