First Gulf Bank in Gulfport, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 15, 1993

  • First Gulf Bank in Gulfport, Florida (FL)
  • Show street view No street view available for this location

First Gulf Bank - Overview

  • General
  • FDIC Certificate #: 26940
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: AmSouth Bank of Florida (#27083)
    Federal Reserve ID: 719339
    Date Established: April 15, 1987
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    FDIC's unique #: 36339
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: April 15, 1987
    Last Structure Change Effective Date: October 15, 1993
    Last Structure Change Process Date: November 03, 1993
    Last Data Update: November 03, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 5728 Gulfport Boulevard, Gulfport, FL 33707
    County: Pinellas
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Tampa
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Tampa-St. Petersburg-Clearwater, FL (#8280)
    Core Based Statistical Area (CBSA): Tampa-St. Petersburg-Clearwater, FL (#45300)
    CBSA Metro Statistical Area: Tampa-St. Petersburg-Clearwater, FL (#45300)
  • Financial Summary
  • Total assets: $106.6 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $38Total assets
  • $116,181Cash and due from depository institutions
  • $4,166Interest-bearing balances
  • $0Securities
  • $61,923Federal funds sold & reverse repurchase agreements
  • $4,200Net loans & leases
  • $41,124Loan loss allowance
  • $1,231Trading account assets
  • $0Bank premises and fixed assets
  • $2,358Other real estate owned
  • $640Goodwill and other intangibles
  • $1,770Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $116,181Total liabilities
  • $107,244Total deposits
  • $106,592Interest-bearing deposits
  • $99,960Deposits held in domestic offices
  • 106592.00%% insured (estimated)
  • $91Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $652Total equity capital
  • $652Total bank equity capital
  • $8,937Perpetual preferred stock
  • $0Common stock
  • $4,125Surplus
  • $4,040Undivided profits
  • Memoranda
  • $772Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,147Income earned, not collected on loans
  • $236Earning assets
  • $107,247Long-term assets (5+ years)
  • $3,103Average Assets, year-to-date
  • $115,226Average Assets, quarterly
  • $114,625Volatile liabilities
  • $13,799Insider loans
  • $1,551FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $3,796Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $8,937Total risk weighted assets
  • $75,080Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $8,613Total interest expense
  • $5,188Net interest income
  • $3,425Provision for loan and lease losses
  • $985Total noninterest income
  • $274Fiduciary activities
  • $0Service charges on deposit accounts
  • $226Trading account gains & fees
  • $0Additional noninterest income
  • $48Total noninterest expense
  • $2,347Salaries and employee benefits
  • $908Premises and equipment expense
  • $451Additional noninterest expense
  • $988Pre-tax net operating income
  • $367Securities gains (losses)
  • $296Applicable income taxes
  • $34Income before extraordinary items
  • $629Extraordinary gains - net
  • $0Net income attributable to bank
  • $629Net charge-offs
  • $210Cash dividends
  • $454Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.01%Cost of funding earning assets
  • 4.82%Net interest margin
  • 3.18%Noninterest income to earning assets
  • 0.25%Noninterest expense to earning assets
  • 2.18%Net operating income to assets
  • 0.30%Return on assets (ROA)
  • 0.55%Pretax return on assets
  • 0.58%Return on equity (ROE)
  • 6.98%Retained earnings to average equity (YTD only)
  • 1.94%Net charge-offs to loans
  • 0.48%Credit loss provision to net charge-offs
  • 469.05%Efficiency ratio
  • 63,450Assets per employee
  • 3.06%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 72.18%Loss allowance to loans
  • 2.91%Loss allowance to noncurrent loans
  • 57.34%Noncurrent assets plus other real estate owned to assets
  • 2.40%Noncurrent loans to loans
  • 5.07%Net loans and leases to deposits
  • 38.58%Net loans and leases to core deposits
  • 44.32%Equity capital to assets
  • 7.69%Core capital (leverage) ratio
  • 7.91%Tier 1 risk-based capital ratio
  • 11.90%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $115,226Average earning assets
  • $9,013Average equity
  • $107,547Average loans

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