BISCAYNE BANK REPORTS $1.82 MILLION NET INCOME IN THE QUARTER ENDED JUNE 30, 2015

[dropcap]B[/dropcap]iscayne Bank reported net income of $1.82 million in the quarter ended June 30, 2015, up 32% from a year ago. Named one of the top performing banks in the country for the last two years, Biscayne is the only sub-$1.0 billion bank based in South Florida that consistently tops $1.0 million in income each quarter. The Bank’s earnings growth has been fueled by loans which, at June 30, 2015, stood at $498 million, up 45% over the last 12 months. Ana L. Dominguez, the Bank’s Chief Lending Officer, noted that the Bank’s loan customers like banking at Biscayne: “When we close a loan, we keep it. We don’t sell it off. Customers know that they can grow with us. We have many relationships that started small years ago that have grown significantly over time. We’re very happy for the success that we can help our customers achieve.” Dominguez added that she does not see loan growth tailing off. “Over the last few years, healthy dynamism has returned to the South Florida real estate market. Yes, some high-end condominium projects have cooled off a bit of late, but we see a relatively benign market over the medium term.”

Biscayne Bank, founded in 2005 by area bankers and investors, is one of the few locally owned and managed community banks in Miami-Dade County. At June 30, 2015, the Bank’s assets were $589 million and its loan totals, $498 million, topped its deposits, $474 million. The Bank services over 1,100 loans and 6,500 accounts from two branches in Coconut Grove, one in Doral and one in South Miami. The Bank is a trusted source for the banking needs of consumers, professionals, businesses and real estate investors.


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