Gulf Atlantic Bank
Key West, Florida, Monroe County
$253M in total assets, the 2,737th largest of 4,309 US banks and 65th of 84 headquartered in Florida.
- FDIC certificate
- 59181
- Established
- 2020
- Owned by
- Gulf Atlantic Financial Corp
- Primary regulator
- FED
- Website
- www.gulfatlanticbank.com
At a glance
Compared with 43 banks headquartered in Florida with $100 million to $1 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $253M | 26% | $358M | |
| Loans | $191M | 42% | $243M | |
| Deposits | $213M | 26% | $294M | |
| Return on assets | 0.75% | 35% | 0.90% | |
| Net interest margin | 4.44% | 81% | 3.81% | |
| Efficiency ratio | 74.3% | 67% | 68.3% | |
| Equity to assets | 8.96% | 37% | 9.81% | |
| Loans to deposits | 90% | 74% | 76% |
Growth
Total assets grew 34.8% a year over the last 5 years.
Where they operate
5 branches in 4 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Marion County, FL | $132M | 1.7% | 13 of 21 |
| Monroe County, FL | $45M | 1.0% | 8 of 9 |
| Highlands County, FL | $24M | 1.1% | 8 of 9 |
| Hillsborough County, FL | $12M | 0.0% | 46 of 51 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 5 branches since 2016 (0 to 5). 5 opened, 0 acquired, 0 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 0 | |||
| 2020 | Opened Key West | 1 | 0 | +1 | 1 |
| 2023 | Opened Ocala | 1 | 0 | +1 | 2 |
| 2025 | Opened Ocala | 1 | 0 | +1 | 3 |
| 2026 through Q2 | Opened Lake Placid and Plant City | 2 | 0 | +2 | 5 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 37% | 41% | |
| 1-4 family residential | 26% | 32% | |
| Consumer | 11% | 3% | |
| Business (C&I) | 10% | 10% | |
| Construction and land | 10% | 8% | |
| Farmland | 4% | 2% | |
| Multifamily | 2% | 3% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 52% | 47% | |
| Time deposits | 32% | 22% | |
| Noninterest-bearing | 16% | 31% |
Brokered deposits are 16.9% of deposits (peers 4.6%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.20% | 0.06% |
| Net charge-offs, annualized | 0.19% | 0.00% |
| Reserves to loans | 0.88% | 1.25% |
| Leverage ratio | 9.38% | 10.56% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Florida
Largest competitors in Marion County, FL
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/gulf-atlantic