Marine Bancorp of Florida, Inc., parent company of Marine Bank & Trust Company, has just announced record earnings and asset growth for the first three quarters of 2017.  


2017 2016
1st Quarter earnings $261,000 $216,000
2nd Quarter earnings $294,000 $217,000
3rd Quarter earnings $360,000 $284,000

The Bank has experienced asset growth year over year with $238 million in total assets as of September 30, 2017, compared to $203 million as of September 30, 2016, equating to a 17% growth rate.  Net income is up year over year due to growth in the loan portfolio and customer deposit accounts.  Loans outstanding as of September 30, 2017, were $186 million as compared to $160 million on September 30, 2016, an increase of $26 million. Total deposits as of September 30, 2017, were $198 million as compared to $183 million on September 30, 2016, a $15 million increase.  

As a result of our financial performance, Marine Bank has maintained 5-Star Superior rating from Bauer Financial, the nation’s premier bank rating firm. 

In the first three quarters of 2017, Marine Bank made 132 new home loans for $42.4 million and 52 new business loans for $17.5 million, demonstrating our commitment to provide financial support for the communities we serve.

“Marine Bank is celebrating its 20th Anniversary with a solid financial performance,” said Bill Penney, President and CEO of Marine Bank. “Our ability to recruit exceptional people enables us to deliver unparalleled service to our customers.  In fact, 100% of our customers who responded to a service survey said they would recommend us to others.”