TotalBank today announced 2016 year-end earnings of $22.2 million in net income, a 40% increase over the previous year, and a year-over-year asset growth of $186 million, a seven percent increase over the previous year.

“Our focus on operational excellence and our commitment to provide streamlined support for our clients are reflected in our financial performance for the year and our ranking among the healthiest banks in the country,” says TotalBank Chairman and CEO Jorge Rossell.

TotalBank’s year-over-year loan growth was strong with total loans increasing by $135 million and total deposits grew by $147 million year-over-year, both of which reflect seven percent increases over 2015.

"I am very proud of the dedication and hard work by all of our associates to achieve our 2016 results and we expect to continue on this trajectory into 2017. Our business model of empowered frontline team members with strong local market experience will continue to drive positive results,” says TotalBank President Jay Pelham.

In 2016, DepositAccounts, an independent bank rating resource, ranked TotalBank among the Top 2016 Healthiest Banks in the country as part of its annual Health & Stability rankings. Of the 200 banks ranked by the bank account comparison site, TotalBank is the largest and most well-established of the only three Miami-Dade banks on the list.

For the fifteenth consecutive quarter, TotalBank maintained its 5-star rating from Bauer Financial, Inc., the leading source for unbiased and independent bank and credit union ratings. A 5-star ranking indicates that TotalBank is one of the strongest banks in the nation, excelling in areas of capital quality, asset quality, profitability and more.

ABOUT TOTALBANK

Headquartered in Miami, TotalBank is a leading, full-service community bank offering personal and business banking, lending, and wealth management services. TotalBank consistently ranks as one of the healthiest banks in the country and, for the past fifteen quarters, has received a 5-stars by Bauer Financial for its financial stability. TotalBank has proudly served the Miami community for more than 40 years. For additional information, please visit www.totalbank.com.