# GULF ATLANTIC BANK
KEY WEST, FL · FDIC certificate 59181 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *funding-stretched*. Composite score 2 (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 | $253.2M | |
| Deposits | $213.0M | |
| Loans and leases | $191.4M | |
| Total equity | $22.7M | |
| Loans / deposits | 89.07% (p78 of band) | 73.59% |
| Liquid assets / assets | 17.56% (p17 of band) | |
| Uninsured deposits / deposits | 37.73% (p91 of band) | 19.81% |
| Brokered deposits | 14.25% | |
| Wholesale funding | 19.38% (p94 of band) | |
| FHLB advances / assets | 5.14% | |
| Tier 1 leverage | 9.38% (p16 of band) | 11.76% |
| Unrealized securities loss / equity | -6.38% (p51 of band) | -6.57% |
| AOCI / equity | -0.63% (p39 of band) | |
| ROA (annualized) | 0.68% (p24 of band) | 1.17% |
| Net interest margin | 4.44% (p74 of band) | 3.93% |
| Efficiency ratio | 74.32% (p69 of band) | |
| Noncurrent loans | 0.20% (p41 of band) | 0.36% |
| Net charge-offs (annualized) | 0.15% (p90 of band) | |
| Reserve coverage of noncurrent | 433.25% | |
| Real estate % of loans | 79% | |
| Construction % of loans | 84.94% (p91 of band) | |
| Auto loans | $263,000 (0.14% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 29.4% | |
| Employees | 45 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2020-06 | 3 | losing money, expense ratio p90, NIM <2.5% |  |
| 2020-09 | 3 |  |  |
| 2020-12 | 5 | brokered >10%, capital falling |  |
| 2021-03 | 4 |  | NIM <2.5% |
| 2021-06 | 4 |  |  |
| 2021-09 | 4 |  |  |
| 2021-12 | 5 | wholesale funding >15% |  |
| 2022-03 | 4 |  | wholesale funding >15% |
| 2022-06 | 5 | wholesale funding >15% |  |
| 2022-09 | 4 |  | wholesale funding >15% |
| 2022-12 | 5 | wholesale funding >15% |  |
| 2023-03 | 3 |  | losing money, expense ratio p90 |
| 2023-06 | 2 |  | capital falling |
| 2023-09 | 3 | expense ratio p90 |  |
| 2023-12 | 5 | capital falling, reserve under noncurrent |  |
| 2024-03 | 5 | uninsured deposits >50%, run vulnerability, construction >100% equity | expense ratio p90, capital falling, reserve under noncurrent |
| 2024-06 | 5 |  |  |
| 2024-09 | 5 | capital falling | run vulnerability |
| 2024-12 | 6 | run vulnerability |  |
| 2025-03 | 2 |  | brokered >10%, wholesale funding >15%, construction >100% equity, capital falling |
| 2025-06 | 3 | charge-offs p90 |  |
| 2025-09 | 5 | brokered >10%, wholesale funding >15% |  |
| 2025-12 | 6 | loans exceed deposits |  |
| 2026-03 | 6 | construction >100% equity | loans exceed deposits |
| 2026-06 | 2 |  | uninsured deposits >50%, run vulnerability, charge-offs p90, construction >100% equity |

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

- 2026-08-05 [Key West bank to transform Miller's Ale House into dual tenant in Lakeland - The Business Journals](https://news.google.com/rss/articles/CBMirAFBVV95cUxNbHRVTVZJWjY3c010ZHZLaUpaX3E0Y1NneTEyYXpuNE04aEtVbXl1RE9mbGppQUhzY04yN1NrRGlFN2wyVDVCSVVTZ29tTjVXTnhjWTdBQXBveWhvNXNYM3liaENweXhRSjZSeUY4akl3aVRPY25DZmVfaTljWVpmUTcxYzBNODJOUURHaDhKWWx1X3hsc3ptaThseWo4ZkRtd09rTDRQb1VSRmZz?oc=5) · The Business Journals
- 2025-11-30 [New bank coming to Lake Placid - Mid Florida Newspapers](https://news.google.com/rss/articles/CBMi0gFBVV95cUxQZHdHZWRCVnlsX05TSFBCV21HWGl4U281S2RyX2tvRnFKNExhYnVRc0RsNmZvajk3VmFlT0NfdlFlN0xFRjFKXzJKdzJ6MXBkM1ozM1M4NEExb3JqVXBzTm8ySTVJWG4wNmxCT0pXOXFFRG9SMXNqczA2TC1idWRhSjVuTmNUQm82U0VhZm1PTmt6Qk5TY1RFNGtBbDJncC11Rjd1SUJDVkhFTWExN2NwMnJXcXJ6UUF1WlpiNFNJWkpzZXFfR1RBdElZMFF4eGk0eWc?oc=5) · Mid Florida Newspapers
- 2020-06-24 [New Key West bank plans grand opening - keysweekly.com](https://news.google.com/rss/articles/CBMickFVX3lxTE5JeHBJRUVhb0NjdEVFdlZ1M21nWjlkQUpycTYyOUhQTWZpR2JUbXYyQy0wUERaMFp0N0VqNXd3bjVaN0EzZzZGd2tVS3d4TEduOU5GR19pNDBKeUxnamlub0RqSnU4NlRJTzVnajZsODVhQQ?oc=5) · keysweekly.com
- 2023-12-15 [City commends Gulf Atlantic Bank - keysnews.com](https://news.google.com/rss/articles/CBMiwwFBVV95cUxNeGlzMGJmUWE2QWtoSDUxUDIyZkVpUlZzMnJucVh5MHp0dUVmdG40M0dFMURTdzFCRjNMLUlWQWZmYjZMbG0zZE81SEZ2Z0cwZGctXzhjdGx1LTNiM2lLbEtvMG9Ba2N4OVF2LXJZREtaTTdzaU54LU00Um9kdHVBdEVKX2dxOW82aXBLajF3QTF5OUNpbGtqOWJldy1sSFVEZzloUXlwdkdfUjdOYjdWeUxib3hWWDRzeDVhcHBqbjB3VzQ?oc=5) · keysnews.com
- 2026-02-02 [Peter Batty, Bob Broton, Michael Downer, Eddie Kertis named to College of Florida Keys Board - Florida Politics](https://news.google.com/rss/articles/CBMizwFBVV95cUxOZ28wakkwUGR2RkNjSmNHSG1EOVBJYWhvNmdidmhzaWxiSUswOHZPakhIdEVOcVBPOFc1MU13ZC1lRjB4X1ZIOXltTWxrM2JWS3ktdDBRbnIxOTZKUW5UbHJLVjdWNDBxaEJkTWpBM2dlbGNSaXVReG8weFVfc2kza2NpX3hYTkNnc1oxbFN1dHlYbFY4dGlDSWFXMlhLaVJFT0tiZnVoMkFmYmtRR0hnSE1KbFJNR3dPLUVYVndnZXpUVmt5VzM4SjJiOXFoU0E?oc=5) · Florida Politics
- 2019-03-05 [Organizers planning new bank in the Florida Keys - American Banker](https://news.google.com/rss/articles/CBMijAFBVV95cUxOVXRBdHFWSFRuQ0VfMk5SYTRXRDM1aS11UGlKcHVaUVRRVDFORVJYWUMyX1FSQjN6OXE4c21NaXFQUVhoZFU3ZTJqcDVOVGI2MWZ6a05qemZJMDhOUWs1VXI0aWoyTDlBRXY5cG44ci10eHpoYVkxZlFFY3FZZjZvcllmUUlXNFNCMXFHaQ?oc=5) · American Banker
- 2025-01-03 [What's happening to the old Bank of America branch on SE 17th Street in Ocala? - Ocala StarBanner](https://news.google.com/rss/articles/CBMivAFBVV95cUxQVVE3NGcyOWFEaFljMjFmSklJQkVyeWQ5WVlrRFRxRTFoUEdwd1hSb1JJQ1JESmpoMTFvbVd5ZmpuclVLeE4zU05DczUyZ2hmM2laN2sxekRweHdYMHMyTDF5dUQxdExEWDFXUUt1ZWN4TUppSkR5MHA2bFZpeDBONXdmZ3ZrTUUxVDBueHNQZGRHQ3EwNThsZFc4TU5saXVNd1RUU0hvcHBNSFpyNUNFZzFIMzlhZ2lVU3pYSQ?oc=5) · Ocala StarBanner
- 2026-01-30 [Governor Ron DeSantis Appoints Four to the College of the Florida Keys District Board of Trustees - Office of Governor Ron DeSantis](https://news.google.com/rss/articles/CBMivwFBVV95cUxQeVZid2N5ZUJFS3VSZ01oa0NoVVM5a3FFaXVmbldRTUNkdklGSlRnMWFDVXVfbkpqai1EaERzYjdPTTZhQ2JEelV4T1ZNZzFiOFJ5TVV5Snc3ZUV1QXp4SEgyb3BZZFZvUElJX2dXZGF1X1AyX3JjNEtPbEJ6eWlDRjBJcFBHUm9BTjJQQ3RFX3BpTXRjQzh2cjVMTW1HR051NEZfalF0ZnVlN3g3Yjk3SnJnaURrN1VpQTlCMU9fcw?oc=5) · Office of Governor Ron DeSantis

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=59181 (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/45.json (key "59181", 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