Waterfall Bank: how it compares with its peers
Against 31 FL banks with half to twice its assets, Waterfall Bank's strongest measure in Q2 2026 is assets per employee ($8.4M vs. a $7.9M peer median). Its weakest relative measure is return on assets (-0.03% vs. 0.96%).
| Measure | Waterfall Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | -0.03% | 0.96% | Bottom third Ahead of 6% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.38% | 3.86% | Bottom third Ahead of 19% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 95.61% | 68.30% | Bottom third Ahead of 6% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $8.4M | $7.9M | Middle third Ahead of 58% of peers |
| Loans to deposits Net loans and leases over total deposits. | 114.11% | 75.46% | Context |
What it means for lending operations
Its efficiency ratio of 95.61% is above the 68.30% 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
- Paradise Bank Boca Raton, FL · $415M
- Locality Bank Fort Lauderdale, FL · $396M
- Central Bank Tampa, FL · $387M
- TCM Bank, National Association Tampa, FL · $382M
- Edison National Bank Fort Myers, FL · $454M
- Desjardins Bank, National Association Hallandale, FL · $362M
Questions about Waterfall Bank
How big is Waterfall Bank?
Waterfall Bank, established in 2021, is headquartered in Clearwater, FL. It reported $410M in total assets in its Q2 2026 FDIC call report and operates 2 offices.
What is Waterfall Bank's return on assets?
-0.03% annualized in Q2 2026, against a 0.96% median for 31 FL banks with half to twice its assets, ahead of 6% of them.
What is Waterfall Bank's efficiency ratio?
95.61% in Q2 2026: it spent about 96 cents in noninterest expense for each dollar of revenue. The peer median is 68.30%, and lower is better.
Is Waterfall Bank growing its loans?
Net loans grew 31.1% over the year to Q2 2026, while deposits grew 8.0%.
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.