Ocean Bank
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Data as of · sourced from FFIEC call reports. How we update
Ocean Bank is an FDIC-insured commercial bank headquartered in Miami, FL, established in 1982 (FDIC certificate 24156), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $7.63B, up 5.2% from Q2 2025, the 8th largest of 81 banks headquartered in Florida. Its CET1 capital ratio was 11.41% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 24156
- Headquarters
- Miami, FL
- Established
- 1982
- Total assets, Q2 2026
- $7.63B
- Assets vs Q2 2025
- +5.2%
- CET1 ratio, Q2 2026
- 11.41%
- Domestic offices
- 25 FDIC institution directory, current count
- Routing number
- 066011392
- Latest call report
- Q2 2026, FFIEC 041 · Ocean Bank call report
- Holding company
- OCEAN BANKSHARES, INC.
- Asset rank in state
- 8th of 81 in Florida
Ocean Bank leans heavily on commercial real estate. Based in Miami, Florida, it had $7.6 billion in assets at June 30, 2026, up 5.2% from a year earlier. It holds commercial real estate loans worth 5.3 times its capital, 2.3 times the median of 2.2 times for the 895 banks with $1 billion to $10 billion in assets. It also holds common equity equal to 11.41% of its risk-weighted assets, lower than about three-quarters of banks its size (median 13.52%).
Earnings jumped: net income for the quarter was $21 million, 38% above the same quarter a year earlier. Over the same year, loans grew 9.1% and deposits grew 1.3%. Funding is the softer spot: it holds about half of its deposits (46%) above the FDIC insurance limit, higher than about three-quarters of banks its size (median 30.9%).
As of June 30, 2026, Ocean Bank reported a CET1 capital ratio of 11.41%, a return on assets of 1.11%, a nonperforming-loan ratio of 0.38% and a Texas ratio of 2.89%. The figures come from its call report filed with the FFIEC.
Ocean Bank ranks as the 8th largest of the 81 banks based in Florida, by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 1.2% to $7.63B, loans rose 4.0% and deposits fell 2.8%. Non-owner-occupied commercial real estate loans made up 51.8% of its total loans on June 30, 2026, its largest category; next came multifamily loans at 14.1%. Its 25 offices in the FDIC Summary of Deposits are in 13 cities in FL; its Miami 10 offices book 84% of its branch deposits. On its Q2 2026 call report, Ocean Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 780 Nw 42nd Ave, Miami, FL 33126
- County
- Miami-Dade
- Metro Area
- Miami-Fort Lauderdale-West Palm Beach, FL
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- No
- Federal Reserve district
- District 6, Atlanta
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- December 9, 1982
- Domestic offices
- 25 FDIC institution directory, current count
- Employees (FTE)
- 657
- Domestic deposits
- $6.21B
- Allowance for credit losses
- $85.9M
- Net charge-offs (YTD)
- -$147K
- Average total assets
- $7.56B
- Average total loans
- $6.08B
- Average interest-bearing deposits
- $4.80B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- December 9, 1982
- FDIC Cert
- 24156
- Fed RSSD
- 663834
- Website
- www.oceanbank.com →
- Parent Holding Company
- OCEAN BANKSHARES, INC. (RSSD 1136661)
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
Ocean Bank's total assets moved between a low of $6.12B (Q3 2023) and a high of $7.63B (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$7.63B total assets against $7.25B; $6.89B total liabilities against $6.58B.
$6.13B net loans and leases against $5.61B; $6.21B total deposits against $6.13B.
$1.01B securities against $1.04B; $133.2M cash and balances due against $259.9M.
$102.2M total interest income against $98.4M; $39.2M total interest expense against $41.0M.
$63.0M net interest income against $57.4M.
$8.4M total noninterest income against $8.1M; $42.0M total noninterest expense against $42.1M.
$3.0M provision for credit losses against $3.0M.
$21.0M net income against $15.2M.
1.11% return on assets against 0.85%; 3.43% net interest margin against 3.29%.
11.41% CET1 capital ratio against 11.37%; 9.96% tier 1 leverage ratio against 9.64%.
Inside the full Ocean 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.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Commercial real estate loans exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
Ocean Bank rankings
Its closest position to the top of a national ranking is 202 of 4,196, for total assets; its furthest is 1,864 of 2,134, for CET1 ratio.
Metric pages for Ocean Bank: Uninsured deposits.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.85% (Q2 2025) to 1.11% (Q2 2026) and its net interest margin ran from 3.29% (Q2 2025) to 3.52% (Q3 2024).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.41% | 1.11% | 0.38% | 2.89% | 3.43% |
| Q1 2026 | 11.56% | 1.07% | 0.39% | 2.93% | 3.38% |
| Q4 2025 | 11.46% | 0.96% | 0.22% | 1.68% | 3.43% |
| Q3 2025 | 11.34% | 0.94% | 0.25% | 1.91% | 3.35% |
| Q2 2025 | 11.37% | 0.85% | 0.21% | 1.74% | 3.29% |
| Q1 2025 | 11.68% | 0.89% | 0.25% | 1.95% | 3.31% |
| Q4 2024 | 11.37% | 0.86% | 0.03% | 0.37% | 3.45% |
| Q3 2024 | 11.68% | 0.96% | 0.04% | 0.40% | 3.52% |
Swipe the table sideways to see every column.
Branch Network
View all 25 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 |
|---|---|---|---|
| Ocean Bank (main office) | Miami , FL | 33126 | $4.28B |
| Bird Road Branch | Miami , FL | 33155 | $222.4M |
| Coral Way Branch | Miami , FL | 33175 | $159.8M |
| Palm Spring Branch | Hialeah , FL | 33012 | $141.1M |
| Miami Lakes Branch | Miami Lakes , FL | 33014 | $129.1M |
| Hialeah Branch | Hialeah , FL | 33010 | $117.1M |
| Brickell Branch | Miami , FL | 33131 | $110.5M |
| Airport West Branch | Miami , FL | 33122 | $106.9M |
| Doral Branch | Doral , FL | 33172 | $98.4M |
| Kendall Drive Branch | Miami , FL | 33176 | $84.9M |
| Eighth Street Branch | West Miami , FL | 33144 | $83.9M |
| Coral Gables Branch | Coral Gables , FL | 33134 | $78.8M |
| Downtown Miami Branch | Miami , FL | 33131 | $78.6M |
| West Flagler Branch | Miami , FL | 33144 | $78.5M |
| Miami Beach Branch | Miami Beach , FL | 33140 | $66.1M |
| Pinecrest Branch | Pinecrest , FL | 33156 | $59.2M |
| Miller Branch | Miami , FL | 33175 | $59.2M |
| Weston Branch | Weston , FL | 33326 | $48.4M |
| South Miami | Coral Gables , FL | 33143 | $38.4M |
| Boca Raton Branch | Boca Raton , FL | 33432 | $37.9M |
| West Kendall Branch | Miami , FL | 33196 | $34.7M |
| Downtown Fort Lauderdale Branch | Fort Lauderdale , FL | 33301 | $34.2M |
| Aventura Branch | Aventura , FL | 33180 | $29.5M |
| Orlando Branch | Orlando , FL | 32801 | $20.4M |
| Doral North Branch | Doral , FL | 33178 | $11.6M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| February 13, 1988 | Structure Change | Acquired Global Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| February 12, 1988 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (Federal Reserve). These actions name the parent holding company, OCEAN BANKSHARES, INC., not the bank itself
- December 19, 2008, Federal Reserve: Written Agreement: Ocean Bankshares, Inc., Miami, Florida
- Period: Most recent institution action December 19, 2008. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.7% of deposits in FL, rank 22 of 186 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 94 applications, 38 loans originated, $217.0M originated, across 1 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 5 loans, $9.8M approved, $2.0M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Ocean Bank
What are Ocean Bank's total assets?
As of the Q2 2026 filing, Ocean Bank reported total assets of $7.63 billion in its FFIEC call report.
Where is Ocean Bank headquartered?
It is headquartered in Miami, FL, United States.
When was Ocean Bank founded?
It was established in 1982, per the FDIC institution directory.
Is Ocean Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #24156). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Ocean Bank?
Ocean Bank's primary federal regulator is the FDIC.
What is Ocean Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 11.41% in its Q2 2026 call report, above regulatory requirements.
How many branches does Ocean Bank operate?
It operates 25 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Ocean Bank's Texas Ratio?
Its Texas Ratio is 2.89% 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.
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