Waterfall Bank
Clearwater, FL
IDRSSD: 5650923
Total Assets
$387.23M
Latest filing
Total Deposits
$316.44M
Latest filing
Net Interest Margin
3.23%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
Waterfall Bank
500 Mclennan St
Clearwater, FL 33756
Full Service - Brick and Mortar
Updated 11/14/2025Established 09/20/2021FDIC Certificate 629366
Branches (1)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Waterfall Bank (Main) | 500 Mclennan St | Clearwater, FL |
| WATERFALL MESSENGER SERVICE BRANCH | 500 Mclennan St | Clearwater, FL |
Showing 1 of 1
Quarterly Trends
Tooltip shows Quarter only. Download buttons export the chart only (CSV/PNG with white background).
Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
Similar banks
Flagship Bank
Clearwater, Florida
→
Assets: $694.80MΔ +98.5%
Central Bank
Tampa, Florida
→
Assets: $359.20MΔ +2.6%
Desjardins Bank, National Association
Hallandale, Florida
→
Assets: $335.25MΔ -4.2%
The First National Bank of Mount Dora
Mount Dora, Florida
→
Assets: $373.18MΔ +6.6%
TCM Bank, National Association
Tampa, Florida
→
Assets: $381.53MΔ +9.0%
Gulfside Bank
Sarasota, Florida
→
Assets: $315.58MΔ -9.8%
Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 09/20/2021 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 33756 |
| State and County Number | 12103 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 06 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Atlanta |
| Core Based Statistical Area Name | Tampa-St. Petersburg-Clearwater, FL |
Operational Info
| Number of Employees | 38 |
| Domestic Offices | 2 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 08/31/2022 |
| Date of Deposit Insurance | 09/20/2021 |
| Primary Insurance Agency | DIF |
| Website | www.waterfallbank.com |
| Data Updated | 11/14/2025 |
| CERT | 59265 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $387.23M |
| Total Deposits | $316.44M |
| Total Liabilities | $334.65M |
| Total Equity Capital | $52.58M |
| Net Income | $156.00k |
| Net Loans and Leases | $328.36M |
| Assets Per Employee ($Millions) | $9.68M |
| Bank Premises and Fixed Assets | $6.91M |
| Cash and Balances due from Depository Institutions | $37.99M |
| Deposits Held in Domestic Offices | $316.44M |
Key Performance Ratios
| Return on Assets (ROA) | 0.17% |
| Return on Equity (ROE) | 1.32% |
| Net Interest Margin | 3.23% |
| Efficiency Ratio | 75.85% |
| Tier 1 Risk-Based Capital Ratio | 0% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.53% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 13.579% |
| Earning Assets to total Assets | 96.26% |
Income and Expense
| Total Interest Income | $5.65M |
| Total Noninterest Income | $67.00k |
| Total Interest Expense | $2.79M |
| Total Noninterest Expense | $2.22M |
| Net Interest Income | $2.86M |
| Pre-tax Net Operating Income | $213.00k |
| Provision for Credit Losses | $493.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $17.50M |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $705.00k |
| Total Liabilities and Capital | $387.23M |
Securities
| Securities | $10.13M |
| Available-for-sale debt securities | $10.13M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Waterfall Bank?
$387.23M as of the latest filing.
How much are Waterfall Bank's total deposits?
$316.44M in total deposits.
Where is Waterfall Bank located?
Clearwater, FL.
What is the Net Interest Margin?
3.23%.
How many domestic offices does it operate?
2.
When was it established?
09/20/2021.
What is the Return on Assets (ROA)?
0.17%.
How much are total loans and leases?
$328.36M (latest filing).
What is the total interest income (latest filing)?
$5.65M.