Paradise Bank is Proud to be an Old-fashioned Bank.
We are proud to be an old-fashioned hometown bank. Our business practices and loan underwriting standards are truly traditional, our loan portfolio has no direct exposure to technology-based companies, and we have no direct exposure to cryptocurrency. We are not a fast growth company and prefer to be strong and stable. Paradise Bank is well capitalized and has very strong earnings. This is why we are rated a 5 star (highest/strongest rating) by Bauer Bank Rating Services.
2022 Year-End Results
- Return on Assets: 2.41%
- Return on Equity: 31.47%
- Net Interest Margin: 4.64%
- Total Risk-Based Capital Ratio: 14.99%
- Non-Performing Loans: 0.02%
- Reserve to Total Loans: 1.13%
These strong results place the performance of Paradise Bank in the top 2% of all banks in the USA. For 2022, Paradise Bank was #1 among all Florida Banks in terms of return on assets and #1 in return on equity. We are truly blessed that our staff achieved these results while continuing our philanthropic practices of being involved with our time and donations to support over 60 different non-profit organizations throughout Palm Beach and Broward Counties.
Even more exciting news is that we will soon begin constructing our new Headquarters building in Boca Raton. The new 23,000 square foot three-story proposed building at 3800 North Federal Highway is less than one mile north of our current location. Our security and operational systems will be upgraded to the latest technology to help continue delivering superior customer service. Our staff is very hardworking, conscientious, and pleased to provide the best service in banking today.
Paradise Bank continues to be locally owned and managed by people living and working within the South Florida community for over 40 years. Our staff is dedicated not only to their profession here in Paradise but also to the betterment of the community in which we live. That is community banking at its best!
- Bill Burke, President and Vice-Chairman