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Q2 2026 · read from the 30 June 2026 Call Report · United States · Southeast · Florida, the state note

Pibank National Association

Miami, Florida · $2.37B in assets · beside the 11 other Florida banks between $1B and $3B

The filing

54.0%
Loans / deposits
1st of 12
-0.43%
ROA
12th of 12
116.9%
Efficiency
12th of 12

Pibank National Association is the third largest of the 12 Florida banks nearest its size between $1B and $3B, with $2.37B in assets at 30 June 2026. Loans are 54.0% of deposits, the lowest in the cohort against a median of 78.8%, and equity is 8.9% of assets, 8th of 12. Loans grew +76.1% in the year, 2nd of 12, and deposits grew 94.1%; the cohort's median loan growth is +11.3%.

Noncurrent loans are 0.13% of the book, 5th of 12 against a median of 0.17%; 0.04% is 30 to 89 days past due, and the allowance covers them 11.0 times. Commercial real estate is 51.4% of loans, 10th of 12 against a median of 43.4%, and 251% of capital, below the 300% screen, with construction at 19% against the 100% screen. CRE has grown +214.8% over 36 months, past the guidance's 50% prong.

Return on assets is -0.43%, the lowest in the cohort against a median of 1.24%, on an efficiency ratio of 116.9%, the highest in the cohort. Five years ago it was -0.02%. The question this shape raises is what the liquidity earns, and what a rate path does to the securities book and the deposit base.

Loans as a share of depositsFL banks $1B to $3B · 30 June 2026 · lower is stronger, listed first
median 78.8% PN Pibank National Association 54.0% CB Citizens Bank & Trust 63.2% CB Crews Bank & Trust 64.4% GB Grove Bank & Trust 71.8% PN Pacific National Bank 73.5% Bo Bank of Central Florida 74.1% CB Cogent Bank 83.5% IF International Finance Bank 91.6% OF One Florida Bank 92.2% NB Newtek Bank National Association 92.4% O Optimumbank 98.8% CF Climate First Bank 108.4%
Loans, year over yearFL banks $1B to $3B · 30 June 2026 · no better direction, largest first
median +11.3% NB Newtek Bank National Association +84.8% PN Pibank National Association +76.1% CF Climate First Bank +64.1% O Optimumbank +53.3% IF International Finance Bank +17.2% PN Pacific National Bank +11.3% GB Grove Bank & Trust +11.2% Bo Bank of Central Florida +8.3% OF One Florida Bank +7.0% CB Crews Bank & Trust +6.4% CB Citizens Bank & Trust +5.7% CB Cogent Bank +4.4%

SBA 7(a), FY2008 to FY2026

Pibank National Association is the 184th largest 7(a) lender into Florida of 528, with $11M across 13 loans, 0.0% of everything approved in the state (Live Oak Banking Company leads with $1.78B). 4 of its 4 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in Florida, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Miami-Dade, FL$7M76th of 2150.2%quiet FY2012
Orange, FL$2M115th of 2010.1%quiet FY2011
Broward, FL$2M128th of 2090.1%quiet FY2012
Palm Beach, FL$200K183rd of 1950.0%quiet FY2010
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Health care & social assistance3$3M26.3%0.01%745th of 2,172
Administrative & waste services1$2M16.1%0.01%599th of 1,763
Other services3$2M15.0%0.00%968th of 2,248
Accommodation & food services1$2M14.4%0.00%1371st of 2,596
Manufacturing1$1M9.5%0.00%1361st of 2,246
7(a) lenders into Florida, share of approvals since FY2008528 lenders on record; the ten largest and Pibank National Association
LO Live Oak Banking Company 6.1% $1.78B · 1,383 loans TB Truist Bank 4.5% $1.31B · 2,609 loans WF Wells Fargo Bank National Associa… 4.3% $1.25B · 5,346 loans TB TD Bank, National Association 3.5% $1.03B · 6,653 loans TH The Huntington National Bank 3.3% $954M · 2,284 loans NB Newtek Bank, National Association 2.6% $757M · 1,920 loans NS Newtek Small Business Finance, In… 2.5% $728M · 1,047 loans SB Southstate Bank, National Associa… 2.4% $700M · 1,040 loans RL Readycap Lending, LLC 2.1% $615M · 1,593 loans PB Pinnacle Bank 2.1% $609M · 729 loans PN Pibank National Association 0.0% $11M · 13 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; Tier 1 stands in for the 2 CBLR filers; owner-occupied excluded; bold marks a screen met
Pibank National AssociationRankCohort median
Total CRE against capital, the 300% screen251%5th of 12268%
Construction against capital, the 100% screen19%1st of 1238%
Construction and land development, share of loans3.8%2nd of 125.1%
Non-owner-occupied nonfarm nonresidential, share of loans42.4%10th of 1231.8%
Total CRE, the guidance definition, share of loans51.4%10th of 1243.4%
CRE growth over 36 months, the third prong+214.8%10th of 12+72.4%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Newtek Bank National Association$2.47B4.1%38.7%7.19%1.33%2.6%92.4%8.3%
Cogent Bank$2.45B2.2%45.4%0.39%0.09%1.1%83.5%9.9%
Pibank National Association$2.37B-0.4%116.9%0.13%0.04%1.4%54.0%8.9%
Crews Bank & Trust$2.33B1.9%55.2%0.06%0.02%1.9%64.4%10.7%
One Florida Bank$2.07B1.0%62.5%0.17%0.08%0.8%92.2%9.6%
Climate First Bank$1.94B1.2%51.2%0.12%0.12%1.0%108.4%9.2%
International Finance Bank$1.62B1.2%53.1%0.30%0.00%1.2%91.6%8.2%
Pacific National Bank$1.61B1.1%55.3%0.01%0.05%0.7%73.5%10.7%
Citizens Bank & Trust$1.48B1.4%65.6%0.35%0.06%1.1%63.2%4.1%
Grove Bank & Trust$1.41B0.7%73.4%0.01%0.02%1.4%71.8%9.8%
Optimumbank$1.39B1.9%47.1%0.18%0.00%0.9%98.8%9.6%
Bank of Central Florida$1.25B1.3%56.4%0.21%0.00%1.1%74.1%8.0%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Pibank National AssociationCohort median
20212026Change20212026Change
Loans$335M$1.14B+241%$455M$1.27B+179%
Deposits$353M$2.11B+499%$752M$1.50B+100%
NPA / loans1.89%0.13%-1.76 pts0.13%0.17%+0.05 pts
Efficiency102.4%116.9%+14.5 pts66.7%55.2%-11.5 pts
ROA-0.02%-0.43%-0.41 pts0.83%1.24%+0.41 pts

This read was prepared for Pibank National Association's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on Pibank National Association is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort FL banks $1B to $3B
Institution www.pibank.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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