Coastal Bank in city_name, state_name - Detailed Financial Reports, Location

Coastal Bank in Portland, Maine (ME)
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Coastal Bank - Overview

General
FDIC Certificate #: 23375
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Norway Savings Bank (#17658)
Federal Reserve ID: 362708
Date Established: April 01, 1981
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 8 (Interstate: No)
OTS Docket #: 7844
FDIC's unique #: 16390
Numeric code: 41
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
FDIC Insured: Yes
Insured Savings Institution: Yes
State Chartered: Yes
Date of Deposit Insurance: April 01, 1981
Last Structure Change Effective Date: August 31, 2001
Last Structure Change Process Date: October 29, 2001
Last Data Update: October 29, 2001
Data Source Date: April 05, 2012
Location
Address: 1200 Congress Street, Portland, ME 4102
County: Cumberland
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: Concord
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
Metropolitan Statistical Area (MSA): Portland, ME (#6400)
Combined Statistical Area (CSA): Portland-Lewiston-South Portland, ME (#438)
Core Based Statistical Area (CBSA): Portland-South Portland-Biddeford, ME (#38860)
CBSA Metro Statistical Area: Portland-South Portland-Biddeford, ME (#38860)
Financial Summary
Total assets: $236.2 mil

1992 - 1999 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, 2000)

Dollar figures in thousands
92Total employees (full-time equivalent)
$217,317Total assets
$36,247Cash and due from depository institutions
$29,688Interest-bearing balances
$45,530Securities
$0Federal funds sold & reverse repurchase agreements
$129,092Net loans & leases
$2,814Loan loss allowance
$0Trading account assets
$4,551Bank premises and fixed assets
$46Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,851All other assets
$217,317Total liabilities and capital
$199,235Total liabilities
$143,442Total deposits
$129,239Interest-bearing deposits
$143,442Deposits held in domestic offices
0.00%% insured (estimated)
$21,969Federal funds purchased & repurchase agreements
$0Trading liabilities
$32,901Other borrowed funds
$0Subordinated debt
$923All other liabilities
$18,082Total equity capital
$18,082Total bank equity capital
$18,082Perpetual preferred stock
$0Common stock
$100Surplus
$19,902Undivided profits
Memoranda
$-1,920Noncurrent loans and leases
$25,777Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,710Earning assets
$274Long-term assets (5+ years)
$902Average Assets, year-to-date
$204,310Average Assets, quarterly
$72,091Volatile liabilities
$201,206Insider loans
$208,617FHLB advances
$33,925Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$298Total risk weighted assets
$25,777Total unused commitments
$0Restructured Loans and leases
$1,707Derivatives

Income and Expense (December 31, 2000)

Dollar figures in thousands
$15,779Total interest income
$7,684Total interest expense
$8,095Net interest income
-$206Provision for loan and lease losses
$779Total noninterest income
$0Fiduciary activities
$585Service charges on deposit accounts
$0Trading account gains & fees
$194Additional noninterest income
$7,041Total noninterest expense
$3,431Salaries and employee benefits
$1,454Premises and equipment expense
$2,156Additional noninterest expense
$2,039Pre-tax net operating income
$125Securities gains (losses)
$765Applicable income taxes
$1,399Income before extraordinary items
$0Extraordinary gains - net
$1,399Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$138Sale, conversion, retirement of capital stock, net
$500Net operating income

Performance and Condition Ratios (December 31, 2000)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.33%Yield on earning assets
4.06%Cost of funding earning assets
4.27%Net interest margin
0.41%Noninterest income to earning assets
3.72%Noninterest expense to earning assets
0.65%Net operating income to assets
0.70%Return on assets (ROA)
1.08%Pretax return on assets
8.20%Return on equity (ROE)
5.27%Retained earnings to average equity (YTD only)
-0.11%Net charge-offs to loans
149.28%Credit loss provision to net charge-offs
0.00%Efficiency ratio
79,344Assets per employee
2.36%Cash dividends to net income (YTD only)
Condition Ratios (%)
35.74%Loss allowance to loans
2.13%Loss allowance to noncurrent loans
164.56%Noncurrent assets plus other real estate owned to assets
0.81%Noncurrent loans to loans
1.30%Net loans and leases to deposits
90.00%Net loans and leases to core deposits
93.96%Equity capital to assets
8.32%Core capital (leverage) ratio
8.60%Tier 1 risk-based capital ratio
13.39%Total risk-based capital ratio
Memoranda
$15Average assets
$201,206Average earning assets
$17,058Average equity
$189,359Average loans

Coastal Bank in Portland, Maine (ME)
Overview, Financial Summary, Detailed Financial Reports, Branches

Coastal Bank - Overview

Assets and Liabilities (December 31, 2000)

Income and Expense (December 31, 2000)

Performance and Condition Ratios (December 31, 2000)

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Coastal Bank in Portland, Maine (ME)Overview, Financial Summary, Detailed Financial Reports, Branches

Coastal Bank - Overview

Assets and Liabilities (December 31, 2000)

Income and Expense (December 31, 2000)

Performance and Condition Ratios (December 31, 2000)

Comment about this bank, ask questions, or add new information about it:

Coastal Bank in Portland, Maine (ME)
Overview, Financial Summary, Detailed Financial Reports, Branches