First National Bank of the Gulf Coast in Naples, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First National Bank of the Gulf Coast - Overview

  • General
  • FDIC Certificate #: 58532
    Status: Active
    Federal Reserve ID: 3591282
    Date Established: December 03, 2007
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 455602
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: December 03, 2007
    Last Structure Change Effective Date: June 30, 2010
    Last Structure Change Process Date: July 22, 2010
    Last Data Update: July 22, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 3560 Kraft Road, Naples, FL 34105
    County: Collier
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: South Florida
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Naples, FL (#5345)
    Core Based Statistical Area (CBSA): Naples-Marco Island, FL (#34940)
    CBSA Metro Statistical Area: Naples-Marco Island, FL (#34940)
  • Financial Summary
  • Total assets: $396.3 mil
    Equity capital: $64.8 mil
    Deposits held in domestic offices: $290.6 mil
    Return on assets (ROA): -1.68% (-$6.7 mil)
    Quarterly return on assets: -3.66% (-$14.5 mil)
    Return on Equity (ROE): -12.01% (-$7.8 mil)
    Quarterly return on equity: -21.45% (-$13.9 mil)
    Net income: -$5.9 mil
    Quarterly Net income: -$3.5 mil
    Pretax return on assets: -1.68% (-$6,658.3 mil)
    Quarterly Pretax return on assets: -3.66% (-$14,505.6 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
  • 76Total employees (full-time equivalent)
  • $396,328Total assets
  • $55,500Cash and due from depository institutions
  • $45,550Interest-bearing balances
  • $130,649Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $181,106Net loans & leases
  • $3,057Loan loss allowance
  • $0Trading account assets
  • $18,226Bank premises and fixed assets
  • $799Other real estate owned
  • $5,196Goodwill and other intangibles
  • $396,328Life insurance assets
  • $4,852All other assets
  • $331,573Total liabilities and capital
  • $290,553Total liabilities
  • $267,401Total deposits
  • $290,553Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 38580.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,440Subordinated debt
  • $64,755All other liabilities
  • $64,755Total equity capital
  • $64,755Total bank equity capital
  • $0Perpetual preferred stock
  • $70,301Common stock
  • $17,845Surplus
  • $-23,391Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $237Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $927Income earned, not collected on loans
  • $0Earning assets
  • $1,085Long-term assets (5+ years)
  • $357,305Average Assets, year-to-date
  • $144,051Average Assets, quarterly
  • $352,740Volatile liabilities
  • $383,504Insider loans
  • $220,560FHLB advances
  • $371,359Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $58,444Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $35,580Restructured Loans and leases
  • $3,046Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,833Total interest income
  • $2,538Total interest expense
  • $9,295Net interest income
  • $2,726Provision for loan and lease losses
  • $672Total noninterest income
  • $0Fiduciary activities
  • $191Service charges on deposit accounts
  • $0Trading account gains & fees
  • $481Additional noninterest income
  • $13,781Total noninterest expense
  • $6,879Salaries and employee benefits
  • $2,560Premises and equipment expense
  • $4,342Additional noninterest expense
  • -$6,540Pre-tax net operating income
  • $607Securities gains (losses)
  • $0Applicable income taxes
  • -$5,933Income before extraordinary items
  • $0Extraordinary gains - net
  • -$5,933Net income attributable to bank
  • $0Net charge-offs
  • -$5,933Cash dividends
  • $717Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.74%Yield on earning assets
  • 0.80%Cost of funding earning assets
  • 2.94%Net interest margin
  • 0.21%Noninterest income to earning assets
  • 4.36%Noninterest expense to earning assets
  • -1.85%Net operating income to assets
  • -1.68%Return on assets (ROA)
  • -1.68%Pretax return on assets
  • -12.01%Return on equity (ROE)
  • -12.01%Retained earnings to average equity (YTD only)
  • 0.52%Net charge-offs to loans
  • 380.20%Credit loss provision to net charge-offs
  • -5.32%Efficiency ratio
  • 138,196Assets per employee
  • 5.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.66%Loss allowance to noncurrent loans
  • 329.77%Noncurrent assets plus other real estate owned to assets
  • 0.44%Noncurrent loans to loans
  • 0.50%Net loans and leases to deposits
  • 62.33%Net loans and leases to core deposits
  • 71.41%Equity capital to assets
  • 16.34%Core capital (leverage) ratio
  • 15.74%Tier 1 risk-based capital ratio
  • 26.50%Total risk-based capital ratio
  • Memoranda
  • $28Average assets
  • $352,740Average earning assets
  • $49,409Average equity
  • $316,343Average loans

List of branches

  • 3 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0455602First National Bank Of The Gulf Coas3560 Kraft Road, Naples, FL 34105December 03, 2007Full Service Brick and Mortar
    2496111Joel Boulevard Branch50 Joel Boulevard, Lehigh Acres, FL 33936October 23, 2009Full Service Brick and Mortar
    3510625Anchor Rode Branch811 Anchor Rode Drive, Naples, FL 34103October 26, 2009Full Service Brick and Mortar

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