First Gulf Bank in city_name, state_name - Detailed Financial Reports, Location

First Gulf Bank in Gulf Shores, Alabama (AL)
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First Gulf Bank - Overview

General
FDIC Certificate #: 27142
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: RBC Bank, (Georgia) National Association (#26342)
Federal Reserve ID: 1162558
Date Established: January 04, 1988
WWW: http://www.firstgulfbank.com
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 7 (Interstate: No)
OTS Docket #: 15861
FDIC's unique #: 38855
Numeric code: 13
Regulator: FED
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: January 04, 1988
Last Structure Change Effective Date: March 18, 2005
Last Structure Change Process Date: March 30, 2005
Last Data Update: March 30, 2005
Data Source Date: April 05, 2012
Location
Address: 250 West Fort Morgan Road, Gulf Shores, AL 36547
County: Baldwin
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Pensacola
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Mobile, AL (#5160)
Combined Statistical Area (CSA): Mobile-Daphne-Fairhope, AL (#380)
Core Based Statistical Area (CBSA): Daphne-Fairhope-Foley, AL (#19300)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $356.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)

Dollar figures in thousands
114Total employees (full-time equivalent)
$356,748Total assets
$15,863Cash and due from depository institutions
$176Interest-bearing balances
$46,830Securities
$37,262Federal funds sold & reverse repurchase agreements
$241,564Net loans & leases
$3,160Loan loss allowance
$0Trading account assets
$8,047Bank premises and fixed assets
$7Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$7,175All other assets
$356,748Total liabilities and capital
$332,374Total liabilities
$305,425Total deposits
$252,740Interest-bearing deposits
$305,425Deposits held in domestic offices
0.00%% insured (estimated)
$3,536Federal funds purchased & repurchase agreements
$0Trading liabilities
$22,000Other borrowed funds
$0Subordinated debt
$1,413All other liabilities
$24,374Total equity capital
$24,374Total bank equity capital
$24,374Perpetual preferred stock
$0Common stock
$2Surplus
$7,691Undivided profits
Memoranda
$16,681Noncurrent loans and leases
$54,196Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$127Earning assets
$0Long-term assets (5+ years)
$1,003Average Assets, year-to-date
$325,832Average Assets, quarterly
$32,949Volatile liabilities
$305,140Insider loans
$330,139FHLB advances
$42,195Loans and leases held for sale
$5,545Unused loan commitments
$22,000Tier 1 (core) risk-based capital
$17,366Tier 2 risk-based capital
$3,649Total risk weighted assets
$54,196Total unused commitments
$0Restructured Loans and leases
$2,945Derivatives

Income and Expense (December 31, 2004)

Dollar figures in thousands
$13,935Total interest income
$3,502Total interest expense
$10,433Net interest income
$605Provision for loan and lease losses
$3,833Total noninterest income
$0Fiduciary activities
$901Service charges on deposit accounts
$0Trading account gains & fees
$2,932Additional noninterest income
$8,393Total noninterest expense
$5,417Salaries and employee benefits
$966Premises and equipment expense
$2,010Additional noninterest expense
$5,268Pre-tax net operating income
$0Securities gains (losses)
$1,851Applicable income taxes
$3,417Income before extraordinary items
$0Extraordinary gains - net
$3,417Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$77Sale, conversion, retirement of capital stock, net
$275Net operating income

Performance and Condition Ratios (December 31, 2004)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.03%Yield on earning assets
1.26%Cost of funding earning assets
3.76%Net interest margin
1.38%Noninterest income to earning assets
3.03%Noninterest expense to earning assets
1.12%Net operating income to assets
1.12%Return on assets (ROA)
1.73%Pretax return on assets
16.36%Return on equity (ROE)
15.05%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
785.71%Credit loss provision to net charge-offs
76.27%Efficiency ratio
58,832Assets per employee
3.13%Cash dividends to net income (YTD only)
Condition Ratios (%)
8.05%Loss allowance to loans
1.29%Loss allowance to noncurrent loans
2488.19%Noncurrent assets plus other real estate owned to assets
0.04%Noncurrent loans to loans
0.05%Net loans and leases to deposits
79.09%Net loans and leases to core deposits
90.55%Equity capital to assets
6.83%Core capital (leverage) ratio
7.26%Tier 1 risk-based capital ratio
10.40%Total risk-based capital ratio
Memoranda
$12Average assets
$305,140Average earning assets
$20,881Average equity
$277,279Average loans

First Gulf Bank in Gulf Shores, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Gulf Bank - Overview

Assets and Liabilities (December 31, 2004)

Income and Expense (December 31, 2004)

Performance and Condition Ratios (December 31, 2004)

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

First Gulf Bank in Gulf Shores, Alabama (AL)Overview, Financial Summary, Detailed Financial Reports, Branches

First Gulf Bank - Overview

Assets and Liabilities (December 31, 2004)

Income and Expense (December 31, 2004)

Performance and Condition Ratios (December 31, 2004)

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

First Gulf Bank in Gulf Shores, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches