Coastal Commerce Bank in Houma, Louisiana (LA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Coastal Commerce Bank - Overview

  • General
  • FDIC Certificate #: 35005
    Status: Active
    Federal Reserve ID: 2760102
    Bank Holding Company (Regulatory Top Holder): Coastal Commerce Bancshares, Inc. (RSSDID: 3154810, Location: Houma, LA)
    Date Established: January 11, 1999
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    FDIC's unique #: 73828
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 11, 1999
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1300 West Tunnell Boulevard, Houma, LA 70360
    County: Terrebonne
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Baton Rouge
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Houma, LA (#3350)
    Core Based Statistical Area (CBSA): Houma-Bayou Cane-Thibodaux, LA (#26380)
    CBSA Metro Statistical Area: Houma-Bayou Cane-Thibodaux, LA (#26380)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $336.9 mil
    Equity capital: $28.2 mil
    Deposits held in domestic offices: $297.5 mil
    Return on assets (ROA): 1.41% ($4.8 mil)
    Quarterly return on assets: 2.02% ($6.8 mil)
    Return on Equity (ROE): 17.44% ($4.9 mil)
    Quarterly return on equity: 24.46% ($6.8 mil)
    Net income: $4.8 mil
    Quarterly Net income: $1.7 mil
    Pretax return on assets: 1.41% ($4,750.7 mil)
    Quarterly Pretax return on assets: 2.02% ($6,806.0 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
  • 90Total employees (full-time equivalent)
  • $336,930Total assets
  • $22,885Cash and due from depository institutions
  • $16,288Interest-bearing balances
  • $48,839Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $246,772Net loans & leases
  • $4,103Loan loss allowance
  • $0Trading account assets
  • $8,558Bank premises and fixed assets
  • $656Other real estate owned
  • $0Goodwill and other intangibles
  • $336,930Life insurance assets
  • $9,220All other assets
  • $308,765Total liabilities and capital
  • $297,523Total liabilities
  • $281,909Total deposits
  • $297,523Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 3400.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,187Trading liabilities
  • $0Other borrowed funds
  • $1,655Subordinated debt
  • $28,165All other liabilities
  • $28,165Total equity capital
  • $28,165Total bank equity capital
  • $0Perpetual preferred stock
  • $840Common stock
  • $18,812Surplus
  • $8,513Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $118Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,129Income earned, not collected on loans
  • $14Earning assets
  • $1,189Long-term assets (5+ years)
  • $311,899Average Assets, year-to-date
  • $36,693Average Assets, quarterly
  • $339,445Volatile liabilities
  • $335,080Insider loans
  • $286,943FHLB advances
  • $333,831Loans and leases held for sale
  • $3,156Unused loan commitments
  • $3,156Tier 1 (core) risk-based capital
  • $31,370Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $50,371Restructured Loans and leases
  • $8,798Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $17,658Total interest income
  • $3,922Total interest expense
  • $13,736Net interest income
  • $550Provision for loan and lease losses
  • $2,132Total noninterest income
  • $0Fiduciary activities
  • $1,490Service charges on deposit accounts
  • $0Trading account gains & fees
  • $642Additional noninterest income
  • $9,759Total noninterest expense
  • $4,828Salaries and employee benefits
  • $1,635Premises and equipment expense
  • $3,296Additional noninterest expense
  • $5,559Pre-tax net operating income
  • -$758Securities gains (losses)
  • $0Applicable income taxes
  • $4,801Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,801Net income attributable to bank
  • $0Net charge-offs
  • $4,801Cash dividends
  • $260Sale, conversion, retirement of capital stock, net
  • $3,324Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.58%Yield on earning assets
  • 1.24%Cost of funding earning assets
  • 4.34%Net interest margin
  • 0.67%Noninterest income to earning assets
  • 3.09%Noninterest expense to earning assets
  • 1.64%Net operating income to assets
  • 1.41%Return on assets (ROA)
  • 1.41%Pretax return on assets
  • 17.44%Return on equity (ROE)
  • 5.36%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 211.54%Credit loss provision to net charge-offs
  • 23.50%Efficiency ratio
  • 61,501Assets per employee
  • 3.74%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 69.24%Loss allowance to loans
  • 1.64%Loss allowance to noncurrent loans
  • 363.42%Noncurrent assets plus other real estate owned to assets
  • 1.39%Noncurrent loans to loans
  • 0.45%Net loans and leases to deposits
  • 82.94%Net loans and leases to core deposits
  • 89.81%Equity capital to assets
  • 8.36%Core capital (leverage) ratio
  • 9.40%Tier 1 risk-based capital ratio
  • 10.93%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $339,445Average earning assets
  • $27,531Average equity
  • $316,185Average loans

List of branches

  • 7 Louisiana Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    073828Coastal Commerce Bank1300 West Tunnell Boulevard, Houma, LA 70360January 11, 1999Full Service Brick and Mortar
    1290875Thibodaux Branch107 Canal Boulevard, Thibodaux, LA 70301January 10, 2000Full Service Brick and Mortar
    2357011Larose Office Branch14052 West Main Street, Cut Off, LA 70345July 17, 2000Full Service Brick and Mortar
    4440823Chauvin Branch5094 Highway 56, Chauvin, LA 70344May 31, 2005Full Service Brick and Mortar
    5447934West Houma Branch5830 West Main Street, Houma, LA 70360Febuary 15, 2006Full Service Brick and Mortar
    6453964East Houma Branch708 Grand Caillou Road, Houma, LA 70363August 07, 2006Full Service Brick and Mortar
    7465548Lafayette Loan Production Office201 Energy Parkway, Suite 105, Lafayette, LA 70508July 16, 2007Limited Service Loan Production

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