Ocean Bank
Miami, Florida, Miami-Dade County
$7.6B in total assets, the 211th largest of 4,309 US banks and 8th of 84 headquartered in Florida.
- FDIC certificate
- 24156
- Established
- 1982
- Owned by
- Ocean Bankshares Inc
- Primary regulator
- FDIC
- Website
- www.oceanbank.com
At a glance
Compared with 24 banks headquartered in Florida with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $7.6B | 98% | $2.2B | |
| Loans | $6.2B | 98% | $1.4B | |
| Deposits | $6.2B | 98% | $1.9B | |
| Return on assets | 1.02% | 25% | 1.24% | |
| Net interest margin | 3.47% | 29% | 3.54% | |
| Efficiency ratio | 60.6% | 58% | 57.2% | |
| Equity to assets | 9.62% | 46% | 9.70% | |
| Loans to deposits | 100% | 96% | 76% |
Growth
Total assets grew 9.7% a year over the last 5 years and 8.2% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Feb 1988 | Global Bank Hialeah, FL | $22M |
Where they operate
25 branches in 4 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Miami-dade County, FL | $6.1B | 2.9% | 9 of 58 |
| Broward County, FL | $83M | 0.1% | 37 of 43 |
| Palm Beach County, FL | $38M | 0.1% | 42 of 56 |
| Orange County, FL | $20M | 0.0% | 36 of 40 |
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 4 branches since 2016 (21 to 25, +19.0%). 8 opened, 0 acquired, 4 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 21 | |||
| 2016 | Opened PinecrestClosed Miami | 1 | 1 | 0 | 21 |
| 2018 | Opened Aventura and MiamiClosed Cooper City | 2 | 1 | +1 | 22 |
| 2019 | Opened Coral Gables | 1 | 0 | +1 | 23 |
| 2021 | Closed Hollywood | 0 | 1 | −1 | 22 |
| 2023 | Opened Orlando | 1 | 0 | +1 | 23 |
| 2024 | Opened Boca Raton | 1 | 0 | +1 | 24 |
| 2025 | Opened MiamiClosed Miami | 1 | 1 | 0 | 24 |
| 2026 through Q2 | Opened Doral | 1 | 0 | +1 | 25 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 64% | 35% | |
| Multifamily | 14% | 4% | |
| 1-4 family residential | 7% | 29% | |
| Business (C&I) | 6% | 17% | |
| Construction and land | 5% | 5% | |
| Consumer | 1% | 4% | |
| Other | 3% | 4% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 43% | 55% | |
| Noninterest-bearing | 29% | 24% | |
| Time deposits | 28% | 21% |
Brokered deposits are 0.4% of deposits (peers 5.7%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.38% | 0.29% |
| Net charge-offs, annualized | -0.00% | 0.04% |
| Reserves to loans | 1.38% | 1.16% |
| Leverage ratio | 9.96% | 10.03% |
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/ocean