TellerScore

Gulf Atlantic Bank is a state-chartered bank (fed member) headquartered in Key West, Florida, in business for about 6 years. At the end of Q2 2026 it reported $253.2M in total assets and $213.0M in deposits, with 5 offices.

Based on its Q2 2026 filing, Gulf Atlantic Bank scores 62/100, which we describe as moderate. That is higher than only 22% of 2,650 banks with $100 million – $1 billion. Among 82 banks headquartered in Florida, it ranks 67th. Its strongest component is problem-loan coverage (97/100; 1.6%), and its lowest is capital cushion (44/100; 9.38%).

TellerScore · Q2 2026

Scorecard

Capital cushion44/100
Tier 1 leverage ratio: 9.38%
Loan quality93/100
Noncurrent loans ÷ total loans: 0.20%
Earnings47/100
Return on assets (annualized): 0.68%
Funding & liquidity46/100
Loans ÷ deposits and uninsured-deposit share: 89.1% · 37.7% uninsured
Problem-loan coverage97/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 1.60%

The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.

9 quarters

Health trend

The score has been essentially flat from Q2 2025 to Q2 2026 (63 → 62).

TellerScore
566063Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
Show as table
QuarterTellerScore
Q2 202458
Q3 202457
Q4 202456
Q1 202563
Q2 202563
Q3 202561
Q4 202557
Q1 202661
Q2 202662
Tier 1 leverage ratio
5.00%7.32%9.64%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
Show as table
QuarterTier 1 leverage ratio
Q2 20249.06%
Q3 20248.73%
Q4 20248.44%
Q1 20259.02%
Q2 20259.64%
Q3 20259.13%
Q4 20259.35%
Q1 20268.98%
Q2 20269.38%
Noncurrent loans
0.00%0.16%0.32%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
Show as table
QuarterNoncurrent loans
Q2 20240.01%
Q3 20240.00%
Q4 20240.00%
Q1 20250.07%
Q2 20250.00%
Q3 20250.06%
Q4 20250.32%
Q1 20260.00%
Q2 20260.20%
Return on assets
0.27%0.63%1.00%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
Show as table
QuarterReturn on assets
Q2 20240.27%
Q3 20240.29%
Q4 20240.41%
Q1 20251.00%
Q2 20250.82%
Q3 20250.81%
Q4 20250.82%
Q1 20260.87%
Q2 20260.68%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202662$253.2M9.38%0.20%0.68%89.1%
Q1 202661$245.2M8.98%0.00%0.87%91.8%
Q4 202557$233.1M9.35%0.32%0.82%101.8%
Q3 202561$209.0M9.13%0.06%0.81%88.5%
Q2 202563$195.6M9.64%0.00%0.82%91.0%
Q1 202563$178.1M9.02%0.07%1.00%85.4%
Q4 202456$173.0M8.44%0.00%0.41%84.4%
Q3 202457$169.8M8.73%0.00%0.29%84.8%
Q2 202458$151.3M9.06%0.01%0.27%94.3%

2,650 peers · $100 million – $1 billion

How it compares with peers

Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).

Capital ratio9.38%
19th
Total risk-based capital11.84%
52nd
Problem loans0.20%
64th
Net charge-offs0.19%
13th
Return on assets0.68%
18th
Net interest margin4.44%
77th
Efficiency ratio74.3%
21st
Loans to deposits89.1%
28th
Uninsured deposits37.7%
13th
Loan-loss reserves0.88%
16th
Texas ratio1.6%
62nd

Similar-size banks in Florida

InstitutionScoreAssetsCapitalProblem loansCompare
Lafayette State BankBank Mayo, FL74 out of 100, Strong$252.2M9.9%0.06%vs
Cypress Bank & TrustBank Melbourne, FL79 out of 100, Strong$256.8M11.8%0.00%vs
Community Bank of the SouthBank Merritt Island, FL67 out of 100, Moderate$266.5M9.5%0.00%vs
First National Bank of PascoBank Dade City, FL64 out of 100, Moderate$280.0M10.2%0.36%vs
First Colony Bank of FloridaBank Maitland, FL79 out of 100, Strong$291.1M9.9%0.17%vs
Surety BankBank Deland, FL90 out of 100, Very strong$213.7M13.2%0.22%vs

Deposit insurance

Is my money safe at Gulf Atlantic Bank?

Yes. Gulf Atlantic Bank is an FDIC-insured institution (FDIC certificate #59181). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 37.7% of deposits ($80.4M) are above the $250,000 FDIC insurance limit, above the peer median of 24%. Insured balances are protected regardless of the score.

The tier 1 leverage ratio is 9.38%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 11.84% (benchmark: 10%).

Check how much of your own balance is covered

5 locations

Branches

Gulf Atlantic Bank lists 5 offices in 4 cities. Most locations:

All branch addresses and map

Identity & history

Profile

Legal name
Gulf Atlantic Bank
Type
State-chartered bank (Fed member)
FDIC certificate #
59181
RSSD ID
5475452
Primary regulator
FED
Holding company
Gulf Atlantic Financial Corp
Established
April 13, 2020
Headquarters
2222 N Roosevelt Blvd, Key West, FL 33040
Employees
45

Quick answers

Gulf Atlantic Bank: common questions

Is Gulf Atlantic Bank FDIC insured?

Yes. Gulf Atlantic Bank is an FDIC-insured institution (FDIC certificate #59181). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

What is Gulf Atlantic Bank's TellerScore?

62 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.

Has Gulf Atlantic Bank ever failed?

There is no failure record for FDIC certificate #59181 in the FDIC failed bank list.

How many branches does Gulf Atlantic Bank have?

5 offices as of the latest FDIC data.

Nearby

Highest-scoring banks and credit unions with branches near Key West

InstitutionScoreAssetsCapitalProblem loansCompare
Southernmost Federal Credit UnionCredit union Key West, FL80 out of 100, Strong$16.1M18.8%0.00%vs
Centennial BankBank Conway, AR79 out of 100, Strong$24.6B12.6%0.55%vs
First State BankBank Key West, FL67 out of 100, Moderate$1.2B10.3%0.15%vs
First Horizon BankBank Memphis, TN64 out of 100, Moderate$84.1B10.3%0.83%vs
Truist BankBank Charlotte, NC63 out of 100, Moderate$548.3B9.8%0.72%vs
Keys Federal Credit UnionCredit union Key West, FL62 out of 100, Moderate$253.2M11.0%0.88%vs