# PALM BANK
TAMPA, FL · FDIC certificate 57456 · asset band <$300M · latest filing 2012-03 · stopped filing (departed)

**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 | $116.8M | |
| Deposits | $99.6M | |
| Loans and leases | $66.1M | |
| Total equity | $9.8M | |
| Loans / deposits | 64.16% (p42 of band) | 67.95% |
| Liquid assets / assets | 38.14% (p55 of band) | |
| Uninsured deposits / deposits | 9.27% (p55 of band) | 8.38% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 5.99% (p72 of band) | |
| FHLB advances / assets | 5.99% | |
| Tier 1 leverage | 7.55% (p9 of band) | 9.95% |
| Unrealized securities loss / equity | 10.28% (p88 of band) | 2.77% |
| AOCI / equity | 2.49% (p99 of band) | |
| ROA (annualized) | -0.71% (p6 of band) | 0.78% |
| Net interest margin | 3.68% (p45 of band) | 3.77% |
| Efficiency ratio | 120.97% (p96 of band) | |
| Noncurrent loans | 6.27% (p91 of band) | 1.40% |
| Net charge-offs (annualized) | -0.22% (p2 of band) | |
| Reserve coverage of noncurrent | 52.24% | |
| Real estate % of loans | 74% | |
| Construction % of loans | 31.14% (p67 of band) | |
| Auto loans | $99,000 (0.15% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -16.4% | |
| Employees | 25 | |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **noncurrent p90** (`aq_noncurrent`)
- **reserve under noncurrent** (`aq_reserve`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | noncurrent p90, reserve under noncurrent |  |
| 2011-06 | 5 | leverage <7%, losing money, charge-offs p90 |  |
| 2011-09 | 5 |  |  |
| 2011-12 | 5 | expense ratio p90 | leverage <7% |
| 2012-03 | 7 | deposits shrinking, assets shrinking, uninsured deposits leaving | charge-offs p90 |

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

- 2026-03-27 [Florida bank robber seeks compassionate release at 11th Circuit - Courthouse News](https://news.google.com/rss/articles/CBMimwFBVV95cUxOM0VXcDFCdmpNVHctZkVNSHpFanNDT1BqelBmbE1fOUlIdE9zbTdXdDdmSjhobFFrS1dyYUhCZ0lSdjVsZ1lWWlNiRkFRRERScVRDakdaRU1ic2ZoemlRTjliZUswek40Tzd2Ykk3TGdnRUExODc1RF9kN05weVRvMHFRMkNKVG5aUUVXWE1OMWFnQUJ3OWJveW01bw?oc=5) · Courthouse News
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 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
- 2021-08-24 [Serial acquirer Seacoast to buy 2 Florida banks - Banking Dive](https://news.google.com/rss/articles/CBMikgFBVV95cUxNV3JXLV9VVnJTUS1uMWVHRTJfN1UwcnAyUlpYbTZTTVJYT2VrN1g5bXlnU2o1TEdLRE5Ubi1kOFRqNXNJWE1LR1p4c3dOSEYxaUd5b2VXa2lXWXF5d2ZtNzE5WEVpbkhJRWljbGlmMHA4WTdqS1NmeG0tUi1OUHlZVmVycVVidUg1dG5HOVp1X0hBUQ?oc=5) · Banking Dive
- 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
- 2022-01-04 [Sarasota bank sale, a $54 million deal, closes - Business Observer](https://news.google.com/rss/articles/CBMipAFBVV95cUxNbGFQQVdvR1JJcWlFa3BEY1V1V1VwTzZRLVA4X2xmSE0tbUNHLTI5a2pfVHRPQU0xRlF3VFhFMkx0LVdiUmZNdWNfYXNpOWdtZ29JOEhKeFNQaVl6aTczQ01JZi1mbnNaODFubF80OUdUcHpjUWZub2NMeDN6c3ljb1BQTHMydVNHYWswcXlyeDNnOS1SSW5hRjhVZncxTXZhZTl5bA?oc=5) · Business Observer
- 2022-08-11 [Seacoast Bank names Tampa market president amid West Florida expansion - The Business Journals](https://news.google.com/rss/articles/CBMimAFBVV95cUxQelhBdkg2ZmEtRFhZamdaaEo0ZGQ4Y2VPSjdqNER0MVI5ZkFiMU1aZ2daS2VCMW9remV4dnNCcGhwcnlRWkNCYmdBTUpXTlZUZGxVcDFWd3N2RFBjZ2VCNWJYU190WU9FQTRxM2lCazk2QUhCTWF1Z1VrWEUxaURJdVVrc0hFMkNTX2xYV2NESk5HQnNpNjVyTw?oc=5) · The Business Journals
- 2022-08-11 [Seacoast acquires South Florida bank for $488.6 million; third major addition this year - Treasure Coast News](https://news.google.com/rss/articles/CBMiuwFBVV95cUxQVEhYR0M5bHRlWG9OME1HNnVBOWlwNldGeWRPdzgxSGRld1ROTDZhV05ndWo3OXJWZ2FlTk9PdzZzc1VOdzVCc2JYMjlkc2pObURpQkNyZy04eDRQaFZxSHpJc1FuREJWNkcxYmJHcExKeFBzZXhJTE9kV0lqeldOSmNBRlExV1Z2d1d1R01Sc2dIbWcyMHdTRDY5S3gwcExzRGNXNmpKMlg3QXZuNlZDamVjdmo4My1ZeVJF?oc=5) · Treasure Coast News

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=57456 (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/48.json (key "57456", 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