Gulf Atlantic Bank
BankRegReports is independent of Gulf Atlantic Bank and never asks for online banking logins or passwords.
Data as of · sourced from FFIEC call reports. How we update
Gulf Atlantic Bank is an FDIC-insured commercial bank headquartered in Key West, FL, established in 2020 (FDIC certificate 59181), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $253.2M, up 29.4% from Q2 2025, the 64th largest of 81 banks headquartered in Florida. Its CET1 capital ratio was 11.05% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 59181
- Headquarters
- Key West, FL
- Established
- 2020
- Total assets, Q2 2026
- $253.2M
- Assets vs Q2 2025
- +29.4%
- CET1 ratio, Q2 2026
- 11.05%
- Domestic offices
- 5 FDIC institution directory, current count
- Routing number
- 067016972
- Holding company
- GULF ATLANTIC FINANCIAL CORPORATION
- Asset rank in state
- 64th of 81 in Florida
Gulf Atlantic Bank operates with a thinner capital cushion than most banks of its size. Its balance sheet stood at $253 million at June 30, 2026, up 29.4% from a year earlier; it is based in Key West, Florida. It holds common equity equal to 11.05% of its risk-weighted assets, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 15.12%). It also grew its loan book 26.6% over the year, 4.9 times the median of 5.5% for banks its size.
Its $36 million non-owner-occupied commercial real estate book is now fully current, after 3.35% of it was past due or on nonaccrual a year earlier. The commercial and industrial book ($20 million) is worsening: 2.00% of it is past due or on nonaccrual, up from 0.88% a year earlier. Profitability lags: it earns about $0.49 a year on every $100 of assets, about a third the median of $1.28 for banks its size.
As of June 30, 2026, Gulf Atlantic Bank reported a CET1 capital ratio of 11.05%, a return on assets of 0.49%, a nonperforming-loan ratio of 0.20% and a Texas ratio of 1.60%. The figures come from its call report filed with the FFIEC.
Gulf Atlantic Bank ranks as the 64th largest of the 81 banks based in Florida, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 3.3% to $253.2M, loans rose 0.2% and deposits rose 3.3%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 26.0% of total loans, ahead of owner-occupied commercial real estate loans at 18.9%. Its 5 offices in the FDIC Summary of Deposits are in 4 cities in FL; its Ocala 2 offices book 62% of its branch deposits. On its Q2 2026 call report, Gulf Atlantic Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 2222 N Roosevelt Blvd, Key West, FL 33040
- County
- Monroe
- Metro Area
- Key West-Key Largo, FL
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 6, Atlanta
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- April 13, 2020
- Domestic offices
- 5 FDIC institution directory, current count
- Employees (FTE)
- 45
- Domestic deposits
- $213.0M
- Allowance for credit losses
- $1.7M
- Net charge-offs (YTD)
- $182K
- Average total assets
- $252.5M
- Average total loans
- $188.8M
- Average interest-bearing deposits
- $178.4M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- April 13, 2020
- FDIC Cert
- 59181
- Fed RSSD
- 5475452
- Website
- www.gulfatlanticbank.com →
- Parent Holding Company
- GULF ATLANTIC FINANCIAL CORPORATION (RSSD 5866340)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Gulf Atlantic Bank's total assets ran between $142.0M (Q3 2023) and $253.2M (Q2 2026), and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$253.2M total assets against $195.6M; $230.5M total liabilities against $178.9M.
$189.7M net loans and leases against $149.7M; $213.0M total deposits against $164.6M.
$22.7M securities against $22.4M; $21.8M cash and balances due against $9.3M.
$3.9M total interest income against $3.2M; $1.5M total interest expense against $1.2M.
$2.4M net interest income against $2.0M.
$149K total noninterest income against $118K; $2.0M total noninterest expense against $1.4M.
$137K provision for credit losses against $234K.
$308K net income against $309K.
0.49% return on assets against 0.67%; 4.07% net interest margin against 4.79%.
11.05% CET1 capital ratio against 10.74%; 9.38% tier 1 leverage ratio against 9.64%.
Inside the full Gulf Atlantic Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Gulf Atlantic Bank rankings
Its closest position to the top of a national ranking is 2,688 of 4,196, for total assets; its furthest is 1,943 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.34% (Q3 2024) to 0.94% (Q1 2025) and its net interest margin ran from 3.61% (Q3 2024) to 4.79% (Q2 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.05% | 0.49% | 0.20% | 1.60% | 4.07% |
| Q1 2026 | 10.50% | 0.84% | 0.00% | 0.00% | 4.40% |
| Q4 2025 | 9.98% | 0.85% | 0.32% | 2.78% | 4.40% |
| Q3 2025 | 10.22% | 0.79% | 0.06% | 0.51% | 4.60% |
| Q2 2025 | 10.74% | 0.67% | 0.00% | 0.00% | 4.79% |
| Q1 2025 | 11.15% | 0.94% | 0.07% | 0.59% | 4.21% |
| Q4 2024 | 9.80% | 0.72% | 0.00% | 0.00% | 4.44% |
| Q3 2024 | 10.30% | 0.34% | 0.00% | 0.00% | 3.61% |
Swipe the table sideways to see every column.
Branch Network
View all 5 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Gab 17th Street Branch | Ocala , FL | 34471 | $69.1M |
| Ocala Branch | Ocala , FL | 34471 | $63.1M |
| Gulf Atlantic Bank (main office) | Key West , FL | 33040 | $44.9M |
| Gab Lake Placid Branch | Lake Placid , FL | 33852 | $23.5M |
| Gab Plant City Branch | Plant City , FL | 33563 | $12.4M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in FL, rank 122 of 186 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Not on file
- Enforcement actions, Mortgage lending (HMDA), SBA 7(a) lending, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
Add this badge to your website
Free to use. It shows Gulf Atlantic Bank’s latest filed figures and updates each quarter.
Similar banks
Compare Gulf Atlantic Bank with peers
Frequently asked about Gulf Atlantic Bank
What are Gulf Atlantic Bank's total assets?
As of the Q2 2026 filing, Gulf Atlantic Bank reported total assets of $253.2 million in its FFIEC call report.
Where is Gulf Atlantic Bank headquartered?
It is headquartered in Key West, FL, United States.
When was Gulf Atlantic Bank founded?
It was established in 2020, per the FDIC institution directory.
Is Gulf Atlantic Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #59181). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Gulf Atlantic Bank?
Gulf Atlantic Bank's primary federal regulator is the Federal Reserve.
What is Gulf Atlantic Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 11.05% in its Q2 2026 call report, above regulatory requirements.
How many branches does Gulf Atlantic Bank operate?
It operates 5 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Gulf Atlantic Bank's Texas Ratio?
Its Texas Ratio is 1.60% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
Go deeper on Gulf Atlantic Bank.
Get an email when Gulf Atlantic Bank files its next call report, and benchmark it against any peer you choose.
Unlock Gulf Atlantic Bank, freeFree account