In Bank of America’s most recent quarterly report, the state with the lowest mortgage portfolio was Florida. In fact, according to other reports, the market in Florida was under-performing compared to other states. In total Bank of America faced a total of $19.9 million in net losses from the Florida mortgage portfolio and also faced the poorest performance from the home equity loans. The nonperforming ratio for B of A’s total home equity loans was 1.52 percent. Florida relies on Bank of America for its second largest banking institution, providing 72 different branches, with $5.6 billion deposits and 17.97 percent market share.