Marine Bank & Trust Company


Marine Bank & Trust Company is an FDIC insured institution headquartered at 571 Beachland Blvd, Vero Beach, FL 32963.
It was founded in 1997 and has approximately $1 billion in assets. Customers can open an account at one of its 4 branches.

Deposit Rates - May 4, 2024

SAVINGS RATES APY MIN
Savings
0.04% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.20% $10,000 Compare
6 Mo CD
0.20% $100,000 Compare
12 Mo CD
0.60% $10,000 Compare
12 Mo CD
0.60% $100,000 Compare
Special: 15 Mo CD
0.75% $5,000 Compare
18 Mo CD
0.75% $10,000 Compare
18 Mo CD
0.75% $100,000 Compare
24 Mo CD
0.70% $10,000 Compare
24 Mo CD
0.70% $100,000 Compare
36 Mo CD
0.80% $10,000 Compare
36 Mo CD
0.80% $100,000 Compare
48 Mo CD
1.00% $10,000 Compare
48 Mo CD
1.00% $100,000 Compare
60 Mo CD
1.11% $10,000 Compare
60 Mo CD
1.11% $100,000 Compare
MM RATES APY MIN
Money Market
0.03% $2,500 Compare
Money Market
0.05% $10,000 Compare
Money Market
0.07% $25,000 Compare
FIXED IRA RATES APY MIN
Special: 15 Mo FIRA
0.75% $5,000
INT CHECKING RATES APY MIN
Int Ckg
0.01% $2,500

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 34233
Date Established 1997
Assets $ 654.32 million
Loans $ 446.99 million
Deposits $ 583.75 million
Capital $ 40.93 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 18.03 million
Interest-bearing balances $ 11.30 million
Total securities $ 161.52 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 446.99 million
Loan loss allowance $ 6.53 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.00 million
All other assets $ 17.96 million
     Total Assets $ 613.39 million

LIABILITIES
Total deposits $ 583.75 million
      Interest-bearing deposits $ 424.61 million
      Deposits held in domestic offices $ 583.75 million
      % insured (estimated) 71.53%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.97 millionn
      Total Liabilities $ 613.39 million
      Shareholders’ Equity $ 40.93 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 28.01 million
Total Interest Expense $ 9.42 million
Net interest income $ 18.59 million
Provision for loan and lease losses $ 0.65 million
Total non interest income $ 1.94 million
Total non interest expense $ 13.37 million
Pre-tax Net Operating Income $ 3.16 million

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Branches

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Marine Bank & Trust Company Locations