Sunstate Bank
Miami, Florida, Miami-Dade County
$580M in total assets, the 1,628th largest of 4,309 US banks and 44th of 84 headquartered in Florida.
- FDIC certificate
- 34643
- Established
- 1999
- Owned by
- Sunstate Bancshares Inc
- Primary regulator
- FDIC
- Website
- www.sunstatefl.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 | $580M | 74% | $356M | |
| Loans | $342M | 70% | $234M | |
| Deposits | $503M | 72% | $293M | |
| Return on assets | 0.82% | 40% | 0.90% | |
| Net interest margin | 3.51% | 35% | 3.82% | |
| Efficiency ratio | 72.3% | 63% | 68.3% | |
| Equity to assets | 12.62% | 81% | 9.62% | |
| Loans to deposits | 68% | 30% | 77% |
Growth
Total assets grew 2.0% a year over the last 5 years and 13.6% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Aug 2018 | Intercontinental Bank West Miami, FL | $153M |
Where they operate
3 branches in 1 county.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Miami-dade County, FL | $503M | 0.2% | 40 of 58 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
No net change since 2016 (3 branches then and now). 0 opened, 1 acquired, 1 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 3 | |||
| 2017 | Closed Miami | 0 | 1 | −1 | 2 |
| 2018 | Acquired Intercontinental Bank | 1 | 0 | +1 | 3 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 46% | 41% | |
| 1-4 family residential | 35% | 31% | |
| Business (C&I) | 12% | 10% | |
| Multifamily | 4% | 3% | |
| Construction and land | 3% | 9% | |
| Consumer | 1% | 3% | |
| Farmland | 0% | 2% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Time deposits | 43% | 22% | |
| Other interest-bearing | 31% | 47% | |
| Noninterest-bearing | 26% | 31% |
Brokered deposits are 0.0% of deposits (peers 5.0%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.00% | 0.06% |
| Net charge-offs, annualized | -0.00% | 0.00% |
| Reserves to loans | 0.90% | 1.25% |
| Leverage ratio | 11.45% | 10.46% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Florida
Largest competitors in Miami-dade 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/sunstate