Waterfall Bank
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Data as of · sourced from FFIEC call reports. How we update
Waterfall Bank is an FDIC-insured commercial bank headquartered in Clearwater, FL, established in 2021 (FDIC certificate 59265), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $409.9M, up 17.1% from Q2 2025, the 48th largest of 81 banks headquartered in Florida. Its CET1 capital ratio was 13.45% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 59265
- Headquarters
- Clearwater, FL
- Established
- 2021
- Total assets, Q2 2026
- $409.9M
- Assets vs Q2 2025
- +17.1%
- CET1 ratio, Q2 2026
- 13.45%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 063117040
- Holding company
- WATERFALL BANCORP, INC.
- Asset rank in state
- 48th of 81 in Florida
Waterfall Bank spends more to run itself than most banks of its size. The Clearwater, Florida bank had $410 million in assets at June 30, 2026, up 17.1% from a year earlier. It earns about $0.04 a year on every $100 of assets, a small fraction of the median of $1.28 for the 2,660 banks with $100 million to $1 billion in assets. It also spends about 94 cents to bring in each dollar of revenue, higher than about 9 in 10 banks its size (median 61 cents).
Earnings fell sharply: quarterly net income of $40,000 was 87% below a year earlier. Over the same year, loans grew 31.1% and deposits grew 8.0%. Funding is the softer spot: it pays an average of 3.24% on its deposits and borrowings, about double the median of 1.80% for banks its size.
As of June 30, 2026, Waterfall Bank reported a CET1 capital ratio of 13.45%, a return on assets of 0.04%, a nonperforming-loan ratio of 0.03% and a Texas ratio of 0.18%. The figures come from its call report filed with the FFIEC.
Of the 81 banks headquartered in Florida, Waterfall Bank is the 48th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 2.8% to $409.9M, loans fell 0.3% and deposits fell 3.7%. Its loan book on June 30, 2026 was led by non-owner-occupied commercial real estate loans, at 48.1% of total loans, followed by commercial and industrial loans at 16.5%. Its one office in the FDIC Summary of Deposits is in Clearwater, FL. On its Q2 2026 call report, Waterfall Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 500 Mclennan St, Clearwater, FL 33756
- County
- Pinellas
- Metro Area
- Tampa-St. Petersburg-Clearwater, 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 051
- Established
- September 20, 2021
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 49
- Domestic deposits
- $330.3M
- Allowance for credit losses
- $3.2M
- Net charge-offs (YTD)
- $285K
- Average total assets
- $419.0M
- Average total loans
- $381.6M
- Average interest-bearing deposits
- $317.6M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- September 20, 2021
- FDIC Cert
- 59265
- Fed RSSD
- 5650923
- Website
- www.waterfallbank.com →
- Parent Holding Company
- WATERFALL BANCORP, INC. (RSSD 5976940)
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
Waterfall Bank's total assets moved between a low of $164.4M (Q3 2023) and a high of $421.9M (Q1 2026) from Q3 2023 to Q2 2026, and it earned a profit in 10 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$409.9M total assets against $350.1M; $357.1M total liabilities against $307.8M.
$376.9M net loans and leases against $287.5M; $330.3M total deposits against $305.8M.
$9.5M securities against $10.2M; $12.5M cash and balances due against $41.4M.
$6.4M total interest income against $5.1M; $2.9M total interest expense against $2.5M.
$3.5M net interest income against $2.6M.
$223K total noninterest income against $59K; $3.5M total noninterest expense against $2.1M.
$168K provision for credit losses against $179K.
$40K net income against $317K.
0.04% return on assets against 0.39%; 3.40% net interest margin against 3.27%.
13.45% CET1 capital ratio against 13.54%; 12.64% tier 1 leverage ratio against 13.09%.
Inside the full Waterfall 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).
Waterfall Bank rankings
Its closest position to the top of a national ranking is 2,028 of 4,196, for total assets; its furthest is 3,515 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -0.12% (Q1 2025) to 0.40% (Q4 2024) and its net interest margin ran from 2.94% (Q1 2025) to 3.47% (Q4 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.45% | 0.04% | 0.03% | 0.18% | 3.40% |
| Q1 2026 | 13.04% | -0.11% | 0.17% | 1.17% | 3.23% |
| Q4 2025 | 13.76% | 0.26% | 0.00% | 0.00% | 3.47% |
| Q3 2025 | 15.14% | 0.17% | 0.00% | 0.00% | 3.27% |
| Q2 2025 | 13.54% | 0.39% | 0.00% | 0.00% | 3.27% |
| Q1 2025 | 15.03% | -0.12% | 0.00% | 0.00% | 2.94% |
| Q4 2024 | 15.65% | 0.40% | 0.00% | 0.00% | 3.11% |
| Q3 2024 | 17.19% | 0.39% | 0.00% | 0.00% | 3.39% |
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Branch Network
View the branch → 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 |
|---|---|---|---|
| Waterfall Bank (main office) | Clearwater , FL | 33756 | $330.3M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in FL, rank 96 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
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Frequently asked about Waterfall Bank
What are Waterfall Bank's total assets?
As of the Q2 2026 filing, Waterfall Bank reported total assets of $409.9 million in its FFIEC call report.
Where is Waterfall Bank headquartered?
It is headquartered in Clearwater, FL, United States.
When was Waterfall Bank founded?
It was established in 2021, per the FDIC institution directory.
Is Waterfall Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #59265). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Waterfall Bank?
Waterfall Bank's primary federal regulator is the FDIC.
What is Waterfall Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 13.45% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Waterfall Bank operate?
It operates 2 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Waterfall Bank's Texas Ratio?
Its Texas Ratio is 0.18% 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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