Florida Gulf Bank in Fort Myers, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Florida Gulf Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 79Total employees (full-time equivalent)
  • $350,485Total assets
  • $27,776Cash and due from depository institutions
  • $22,047Interest-bearing balances
  • $43,991Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $255,375Net loans & leases
  • $7,386Loan loss allowance
  • $0Trading account assets
  • $17,024Bank premises and fixed assets
  • $725Other real estate owned
  • $0Goodwill and other intangibles
  • $350,485Life insurance assets
  • $5,594All other assets
  • $320,605Total liabilities and capital
  • $280,470Total liabilities
  • $225,932Total deposits
  • $280,470Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 13040.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $22,500Trading liabilities
  • $4,000Other borrowed funds
  • $595Subordinated debt
  • $29,880All other liabilities
  • $29,880Total equity capital
  • $29,880Total bank equity capital
  • $0Perpetual preferred stock
  • $6,997Common stock
  • $14,687Surplus
  • $8,196Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,016Income earned, not collected on loans
  • $0Earning assets
  • $952Long-term assets (5+ years)
  • $321,413Average Assets, year-to-date
  • $93,122Average Assets, quarterly
  • $351,981Volatile liabilities
  • $348,870Insider loans
  • $273,271FHLB advances
  • $348,192Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $29,776Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $38,604Restructured Loans and leases
  • $3,980Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,774Total interest income
  • $2,473Total interest expense
  • $12,301Net interest income
  • $4,000Provision for loan and lease losses
  • $1,377Total noninterest income
  • $0Fiduciary activities
  • $378Service charges on deposit accounts
  • $0Trading account gains & fees
  • $999Additional noninterest income
  • $8,775Total noninterest expense
  • $4,587Salaries and employee benefits
  • $1,519Premises and equipment expense
  • $2,669Additional noninterest expense
  • $903Pre-tax net operating income
  • $353Securities gains (losses)
  • $498Applicable income taxes
  • $758Income before extraordinary items
  • $0Extraordinary gains - net
  • $758Net income attributable to bank
  • $0Net charge-offs
  • $758Cash dividends
  • $3,407Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.58%Yield on earning assets
  • 0.77%Cost of funding earning assets
  • 3.82%Net interest margin
  • 0.43%Noninterest income to earning assets
  • 2.72%Noninterest expense to earning assets
  • 0.15%Net operating income to assets
  • 0.22%Return on assets (ROA)
  • 0.36%Pretax return on assets
  • 2.58%Return on equity (ROE)
  • 2.58%Retained earnings to average equity (YTD only)
  • 1.29%Net charge-offs to loans
  • 117.41%Credit loss provision to net charge-offs
  • 1.44%Efficiency ratio
  • 64,154Assets per employee
  • 4.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.81%Loss allowance to noncurrent loans
  • 244.89%Noncurrent assets plus other real estate owned to assets
  • 1.07%Noncurrent loans to loans
  • 1.15%Net loans and leases to deposits
  • 91.05%Net loans and leases to core deposits
  • 94.17%Equity capital to assets
  • 8.53%Core capital (leverage) ratio
  • 8.55%Tier 1 risk-based capital ratio
  • 10.90%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $351,981Average earning assets
  • $29,384Average equity
  • $322,307Average loans

List of branches

  • 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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