Florida Gulf Bank in Fort Myers, Florida (FL)



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Florida Gulf Bank routing number info

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Florida Gulf Bank
GeneralFDIC Certificate #: 57085
Status: Active
Federal Reserve ID: 2986304
Bank Holding Company (Regulatory Top Holder): Florida Gulf Bancorp, Inc. (RSSDID: 3378979, Location: Fort Myers, FL)
Date Established: Febuary 05, 2001
WWW: http://www.floridagulfbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 8 (Domestic: 8, Interstate: No)
FDIC's unique #: 357014
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: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: Febuary 05, 2001
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
LocationAddress: 9101 College Pointe Court, Fort Myers, FL 33919
County: Lee
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): Fort Myers-Cape Coral, FL (#2700)
Core Based Statistical Area (CBSA): Cape Coral-Fort Myers, FL (#15980)
CBSA Metro Statistical Area: Cape Coral-Fort Myers, FL (#15980)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $350.5 mil
Equity capital: $29.9 mil
Deposits held in domestic offices: $280.5 mil
Return on assets (ROA): 0.22% ($0.8 mil)
Quarterly return on assets: 0.51% ($1.8 mil)
Return on Equity (ROE): 2.58% ($0.8 mil)
Quarterly return on equity: 5.90% ($1.8 mil)
Net income: $0.8 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 0.36% ($1,261.7 mil)
Quarterly Pretax return on assets: 0.85% ($2,979.1 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)
Total employees (full-time equivalent)79
Total assets$350,485
Cash and due from depository institutions$27,776
Interest-bearing balances$22,047
Securities$43,991
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$255,375
Loan loss allowance $7,386
Trading account assets$0
Bank premises and fixed assets$17,024
Other real estate owned$725
Goodwill and other intangibles$0
All other assets$5,594
Life insurance assets$350,485
Total liabilities and capital$320,605
Total liabilities$280,470
Total deposits$225,932
Interest-bearing deposits$280,470
Deposits held in domestic offices$82
% insured (estimated)13040.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$22,500
Other borrowed funds $4,000
Subordinated debt $595
All other liabilities $29,880
Total equity capital$29,880
Total bank equity capital$29,880
Perpetual preferred stock$0
Common stock$6,997
Surplus$14,687
Undivided profits $8,196
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $3,016
Earning assets $0
Long-term assets (5+ years) $952
Average Assets, year-to-date $321,413
Average Assets, quarterly $93,122
Volatile liabilities $351,981
Insider loans $348,870
FHLB advances $273,271
Loans and leases held for sale $348,192
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $29,776
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $38,604
Derivatives$3,980
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $14,774
Total interest expense $2,473
Net interest income $12,301
Provision for loan and lease losses $4,000
Total noninterest income $1,377
Fiduciary activities $0
Service charges on deposit accounts $378
Trading account gains & fees $0
Additional noninterest income $999
Total noninterest expense $8,775
Salaries and employee benefits $4,587
Premises and equipment expense $1,519
Additional noninterest expense $2,669
Pre-tax net operating income $903
Securities gains (losses) $353
Applicable income taxes $498
Income before extraordinary items $758
Extraordinary gains - net $0
Net income attributable to bank $758
Net charge-offs $0
Cash dividends $758
Sale, conversion, retirement of capital stock, net $3,407
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.58%
Cost of funding earning assets 0.77%
Net interest margin 3.82%
Noninterest income to earning assets 0.43%
Noninterest expense to earning assets 2.72%
Net operating income to assets 0.15%
Return on assets (ROA) 0.22%
Pretax return on assets 0.36%
Return on equity (ROE) 2.58%
Retained earnings to average equity (YTD only) 2.58%
Net charge-offs to loans 1.29%
Credit loss provision to net charge-offs 117.41%
Efficiency ratio1.44%
Assets per employee$64,154
Cash dividends to net income (YTD only)4.44%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.81%
Noncurrent assets plus other real estate owned to assets 244.89%
Noncurrent loans to loans 1.07%
Net loans and leases to deposits1.15%
Net loans and leases to core deposits 91.05%
Equity capital to assets 94.17%
Core capital (leverage) ratio 8.53%
Tier 1 risk-based capital ratio 8.55%
Total risk-based capital ratio 10.90%
Memoranda
Average assets$13
Average earning assets$351,981
Average equity $29,384
Average loans $322,307
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8 Florida Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0357014Florida Gulf Bank9101 College Pointe Court, Fort Myers, FL 33919Febuary 05, 2001Full Service Brick and Mortar
1359715Downtown Branch2247 First Street, Fort Myers, FL 33919Febuary 05, 2001Full Service Brick and Mortar
2419071Summerlin Crossing Branch7580 Winkler Road, Fort Myers, FL 33908March 31, 2003Full Service Brick and Mortar
3434072Daniels Falls Branch8870 Daniels Parkway, Fort Myers, FL 33912January 24, 2005Full Service Brick and Mortar
4442646Coral Pointe Branch812 Del Prado Blvd, Cape Coral, FL 33990December 07, 2004Full Service Retail
5466481Sandoval Branch2546 Heydon Lane, Cape Coral, FL 33991December 01, 2006Full Service Brick and Mortar
6466482Colonial Branch8341 Dani Drive, Fort Myers, FL 33912December 01, 2006Full Service Brick and Mortar
7479006Coconut Point Branch23250 Via Villagio, Estero, FL 33928Febuary 27, 2008Full Service Brick and Mortar
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