Waterfall Bank
Clearwater, Florida, Pinellas County
$410M in total assets, the 2,071st largest of 4,309 US banks and 49th of 84 headquartered in Florida.
- FDIC certificate
- 59265
- Established
- 2021
- Owned by
- Waterfall Bcorp Inc
- Primary regulator
- FDIC
- Website
- www.waterfallbank.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 | $410M | 63% | $356M | |
| Loans | $380M | 74% | $234M | |
| Deposits | $330M | 60% | $293M | |
| Return on assets | 0.08% | 9% | 0.90% | |
| Net interest margin | 3.38% | 23% | 3.82% | |
| Efficiency ratio | 95.6% | 95% | 68.3% | |
| Equity to assets | 12.89% | 84% | 9.62% | |
| Loans to deposits | 115% | 98% | 76% |
Growth
Waterfall Bank has filed financial reports for 20 quarters, too few for 5-year growth figures.
Where they operate
1 branch in 1 county.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Pinellas County, FL | $330M | 0.4% | 21 of 33 |
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 1 branch since 2016 (0 to 1). 1 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 | |||
| 2021 | Opened Clearwater | 1 | 0 | +1 | 1 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 59% | 40% | |
| Business (C&I) | 16% | 10% | |
| Construction and land | 10% | 8% | |
| 1-4 family residential | 7% | 32% | |
| Multifamily | 7% | 3% | |
| Consumer | 0% | 3% | |
| Farmland | 0% | 2% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 65% | 46% | |
| Time deposits | 25% | 23% | |
| Noninterest-bearing | 10% | 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 | 0.03% | 0.06% |
| Net charge-offs, annualized | 0.15% | 0.00% |
| Reserves to loans | 0.83% | 1.25% |
| Leverage ratio | 12.64% | 10.46% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Florida
Largest competitors in Pinellas 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/waterfall