Gulf Atlantic Bank: how it compares with its peers
Against 28 FL banks with half to twice its assets, Gulf Atlantic Bank's strongest measure in Q2 2026 is net interest margin (4.44% vs. a 3.79% peer median). Its weakest relative measure is assets per employee ($5.6M vs. $8.0M).
| Measure | Gulf Atlantic Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.68% | 0.84% | Middle third Ahead of 39% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.44% | 3.79% | Top third Ahead of 79% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 74.32% | 70.37% | Middle third Ahead of 39% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $5.6M | $8.0M | Bottom third Ahead of 29% of peers |
| Loans to deposits Net loans and leases over total deposits. | 89.07% | 75.19% | Context |
What it means for lending operations
Its efficiency ratio of 74.32% is above the 70.37% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Lafayette State Bank Mayo, FL · $252M
- Cypress Bank & Trust Melbourne, FL · $257M
- Community Bank of the South Merritt Island, FL · $266M
- First National Bank of Pasco Dade City, FL · $280M
- First Colony Bank of Florida Maitland, FL · $291M
- Surety Bank Deland, FL · $214M
Questions about Gulf Atlantic Bank
How big is Gulf Atlantic Bank?
Gulf Atlantic Bank, established in 2020, is headquartered in Key West, FL. It reported $253M in total assets in its Q2 2026 FDIC call report and operates 5 offices.
What is Gulf Atlantic Bank's return on assets?
0.68% annualized in Q2 2026, against a 0.84% median for 28 FL banks with half to twice its assets, ahead of 39% of them.
What is Gulf Atlantic Bank's efficiency ratio?
74.32% in Q2 2026: it spent about 74 cents in noninterest expense for each dollar of revenue. The peer median is 70.37%, and lower is better.
Is Gulf Atlantic Bank growing its loans?
Net loans grew 26.7% over the year to Q2 2026, while deposits grew 29.4%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are FL banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Florida bank ranked.