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

This bank is inactive as of August 31, 2001

  • Coastal Bank in Portland, Maine (ME)
  • Show street view No street view available for this location

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

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