Bank of Coral Gables in Coral Gables, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Bank of Coral Gables - Overview

  • General
  • FDIC Certificate #: 58131
    Status: Active
    Federal Reserve ID: 3447455
    Date Established: June 05, 2006
    WWW: http://www.bankofcoralgables.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 440179
    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: June 05, 2006
    Last Structure Change Effective Date: Febuary 13, 2007
    Last Structure Change Process Date: Febuary 16, 2007
    Last Data Update: Febuary 16, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 2295 Galiano Street, Coral Gables, FL 33134
    County: Miami-Dade
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: South Florida
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Miami, FL (#5000)
    Consolidated Metropolitan Statistical Area (CMSA): Miami-Fort Lauderdale, FL (#56)
    Core Based Statistical Area (CBSA): Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
    CBSA Metro Statistical Area: Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
    Core Based Statistical Division: Miami-Miami Beach-Kendall, FL (#33124)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $115.4 mil
    Equity capital: $7.2 mil
    Deposits held in domestic offices: $107.6 mil
    Return on assets (ROA): -2.50% (-$2.9 mil)
    Quarterly return on assets: -2.07% (-$2.4 mil)
    Return on Equity (ROE): -39.83% (-$2.8 mil)
    Quarterly return on equity: -32.96% (-$2.3 mil)
    Net income: -$3.4 mil
    Quarterly Net income: -$0.6 mil
    Pretax return on assets: -2.62% (-$3,023.2 mil)
    Quarterly Pretax return on assets: -2.64% (-$3,046.3 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 25Total employees (full-time equivalent)
  • $115,389Total assets
  • $9,352Cash and due from depository institutions
  • $8,595Interest-bearing balances
  • $26,394Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $74,703Net loans & leases
  • $3,646Loan loss allowance
  • $0Trading account assets
  • $155Bank premises and fixed assets
  • $3,650Other real estate owned
  • $0Goodwill and other intangibles
  • $115,389Life insurance assets
  • $1,135All other assets
  • $108,216Total liabilities and capital
  • $107,638Total liabilities
  • $95,515Total deposits
  • $107,638Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $578Subordinated debt
  • $7,173All other liabilities
  • $7,173Total equity capital
  • $7,173Total bank equity capital
  • $0Perpetual preferred stock
  • $12,173Common stock
  • $10,120Surplus
  • $-15,120Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,799Income earned, not collected on loans
  • $0Earning assets
  • $646Long-term assets (5+ years)
  • $109,692Average Assets, year-to-date
  • $16,049Average Assets, quarterly
  • $134,904Volatile liabilities
  • $118,448Insider loans
  • $72,641FHLB advances
  • $119,471Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,897Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,033Restructured Loans and leases
  • $4,297Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,515Total interest income
  • $1,394Total interest expense
  • $4,121Net interest income
  • $2,438Provision for loan and lease losses
  • -$354Total noninterest income
  • $0Fiduciary activities
  • $96Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$450Additional noninterest income
  • $5,548Total noninterest expense
  • $2,223Salaries and employee benefits
  • $438Premises and equipment expense
  • $2,887Additional noninterest expense
  • -$4,219Pre-tax net operating income
  • $678Securities gains (losses)
  • -$167Applicable income taxes
  • -$3,374Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,374Net income attributable to bank
  • $0Net charge-offs
  • -$3,374Cash dividends
  • $2,214Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.29%Yield on earning assets
  • 1.08%Cost of funding earning assets
  • 3.21%Net interest margin
  • -0.28%Noninterest income to earning assets
  • 4.32%Noninterest expense to earning assets
  • -2.98%Net operating income to assets
  • -2.50%Return on assets (ROA)
  • -2.62%Pretax return on assets
  • -39.83%Return on equity (ROE)
  • -39.83%Retained earnings to average equity (YTD only)
  • 2.50%Net charge-offs to loans
  • 110.12%Credit loss provision to net charge-offs
  • -0.80%Efficiency ratio
  • 147,279Assets per employee
  • 4.62%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.65%Loss allowance to noncurrent loans
  • 62.87%Noncurrent assets plus other real estate owned to assets
  • 8.19%Noncurrent loans to loans
  • 7.40%Net loans and leases to deposits
  • 69.40%Net loans and leases to core deposits
  • 76.85%Equity capital to assets
  • 6.22%Core capital (leverage) ratio
  • 5.77%Tier 1 risk-based capital ratio
  • 9.49%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $134,904Average earning assets
  • $8,472Average equity
  • $128,553Average loans

List of branches

  • 1 Florida Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0440179Bank Of Coral Gables2295 Galiano Street, Coral Gables, FL 33134June 05, 2006Full Service Brick and Mortar

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