Gulf Coast Community Bank in Pensacola, Florida (FL)
| Gulf Coast Community Bank | |
|---|---|
| General | FDIC Certificate #: 57564 Status: Active Federal Reserve ID: 3200034 Date Established: July 03, 2003 WWW: http://www.mygulfbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Domestic: 5, Interstate: No) FDIC's unique #: 365618 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: July 03, 2003 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: September 30, 2010 Last Data Update: September 30, 2010 Data Source Date: April 05, 2012 |
| Location | Address: 40 North Palafox Street, Pensacola, FL 32502 County: Escambia Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Pensacola Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Pensacola, FL (#6080) Core Based Statistical Area (CBSA): Pensacola-Ferry Pass-Brent, FL (#37860) CBSA Metro Statistical Area: Pensacola-Ferry Pass-Brent, FL (#37860) |
| History of Changes | Merge BIF and SAIF Funds into DIF Corrections |
| Financial Summary | Total assets: $218.5 mil Equity capital: $7.7 mil Deposits held in domestic offices: $185.6 mil Return on assets (ROA): -2.82% (-$6.1 mil) Quarterly return on assets: -6.32% (-$13.8 mil) Return on Equity (ROE): -58.86% (-$4.7 mil) Quarterly return on equity: -152.78% (-$12.2 mil) Net income: -$6.5 mil Quarterly Net income: -$3.5 mil Pretax return on assets: -2.87% (-$6,270.3 mil) Quarterly Pretax return on assets: -6.53% (-$14,266.5 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 50 |
| Total assets | $218,476 |
| Cash and due from depository institutions | $20,697 |
| Interest-bearing balances | $20,014 |
| Securities | $29,583 |
| Federal funds sold & reverse repurchase agreements | $1,262 |
| Net loans & leases | $135,163 |
| Loan loss allowance | $3,810 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $5,809 |
| Other real estate owned | $23,036 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,926 |
| Life insurance assets | $218,476 |
| Total liabilities and capital | $210,743 |
| Total liabilities | $185,635 |
| Total deposits | $159,299 |
| Interest-bearing deposits | $185,635 |
| Deposits held in domestic offices | $97 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $24,980 |
| Other borrowed funds | $0 |
| Subordinated debt | $128 |
| All other liabilities | $7,733 |
| Total equity capital | $7,733 |
| Total bank equity capital | $7,733 |
| Perpetual preferred stock | $0 |
| Common stock | $12,724 |
| Surplus | $13,113 |
| Undivided profits | $-18,104 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $17,654 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $579 |
| Average Assets, year-to-date | $186,022 |
| Average Assets, quarterly | $33,561 |
| Volatile liabilities | $229,935 |
| Insider loans | $220,800 |
| FHLB advances | $166,393 |
| Loans and leases held for sale | $221,419 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $7,115 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $7,272 |
| Derivatives | $5,572 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $8,770 |
| Total interest expense | $2,848 |
| Net interest income | $5,922 |
| Provision for loan and lease losses | $3,107 |
| Total noninterest income | -$1,940 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $259 |
| Trading account gains & fees | $0 |
| Additional noninterest income | -$2,199 |
| Total noninterest expense | $7,720 |
| Salaries and employee benefits | $3,240 |
| Premises and equipment expense | $916 |
| Additional noninterest expense | $3,564 |
| Pre-tax net operating income | -$6,845 |
| Securities gains (losses) | $238 |
| Applicable income taxes | -$116 |
| Income before extraordinary items | -$6,491 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$6,491 |
| Net charge-offs | $0 |
| Cash dividends | -$6,491 |
| Sale, conversion, retirement of capital stock, net | $4,046 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.40% |
| Cost of funding earning assets | 1.43% |
| Net interest margin | 2.97% |
| Noninterest income to earning assets | -0.97% |
| Noninterest expense to earning assets | 3.88% |
| Net operating income to assets | -2.92% |
| Return on assets (ROA) | -2.82% |
| Pretax return on assets | -2.87% |
| Return on equity (ROE) | -58.86% |
| Retained earnings to average equity (YTD only) | -58.86% |
| Net charge-offs to loans | 2.57% |
| Credit loss provision to net charge-offs | 76.79% |
| Efficiency ratio | -0.92% |
| Assets per employee | $193,872 |
| Cash dividends to net income (YTD only) | 4.37% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 2.74% |
| Noncurrent assets plus other real estate owned to assets | 21.58% |
| Noncurrent loans to loans | 18.62% |
| Net loans and leases to deposits | 12.70% |
| Net loans and leases to core deposits | 72.81% |
| Equity capital to assets | 75.33% |
| Core capital (leverage) ratio | 3.54% |
| Tier 1 risk-based capital ratio | 3.21% |
| Total risk-based capital ratio | 4.28% |
| Memoranda | |
| Average assets | $6 |
| Average earning assets | $229,935 |
| Average equity | $11,029 |
| Average loans | $199,164 |
| 5 Florida Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 365618 | Gulf Coast Community Bank | 40 North Palafox Street, Pensacola, FL 32502 | July 03, 2003 | Full Service Brick and Mortar |  |
| 1 | 430141 | Pace Branch | 4911 Highway 90, Pace, FL 32571 | October 09, 2003 | Full Service Brick and Mortar |  |
| 2 | 430142 | College Blvd. & 12th Ave. Branch | 1177 College Boulevard, Pensacola, FL 32504 | June 01, 2004 | Full Service Brick and Mortar | |
| 3 | 446284 | Nine Mile Road Branch | 1554 West Nine Mile Road, Pensacola, FL 32534 | December 27, 2005 | Full Service Brick and Mortar | |
| 4 | 482594 | Gulf Breeze | 2871 Gulf Breeze Parkway, Gulf Breeze, FL 32561 | November 03, 2008 | Full Service Brick and Mortar | |
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