Gold Coast Bank in Chicago, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Gold Coast Bank in Chicago, Illinois (IL)
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Gold Coast Bank - Overview

  • General
  • FDIC Certificate #: 58556
    Status: Active
    Federal Reserve ID: 3593307
    Bank Holding Company (Regulatory Top Holder): Gc Bancorp, Inc. (RSSDID: 3593295, Location: Chicago, IL)
    Date Established: June 04, 2007
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 456223
    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: June 04, 2007
    Last Structure Change Effective Date: May 23, 2011
    Last Structure Change Process Date: May 23, 2011
    Last Data Update: May 23, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1201 N. Clark Street, Suite 204, Chicago, IL 60610
    County: Cook
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Chicago
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Chicago, IL (#1600)
    Consolidated Metropolitan Statistical Area (CMSA): Chicago-Gary-Kenosha, IL-IN-WI (#14)
    Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176)
    Core Based Statistical Area (CBSA): Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    CBSA Metro Statistical Area: Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    Core Based Statistical Division: Chicago-Joliet-Naperville, IL (#16974)
  • Financial Summary
  • Total assets: $207.9 mil
    Equity capital: $20.1 mil
    Deposits held in domestic offices: $174.9 mil
    Return on assets (ROA): 0.95% ($2.0 mil)
    Quarterly return on assets: 1.63% ($3.4 mil)
    Return on Equity (ROE): 9.96% ($2.0 mil)
    Quarterly return on equity: 16.88% ($3.4 mil)
    Net income: $1.8 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 1.32% ($2,743.8 mil)
    Quarterly Pretax return on assets: 1.63% ($3,388.2 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
  • 31Total employees (full-time equivalent)
  • $207,867Total assets
  • $13,335Cash and due from depository institutions
  • $2,217Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $187,410Net loans & leases
  • $8,120Loan loss allowance
  • $0Trading account assets
  • $82Bank premises and fixed assets
  • $1,360Other real estate owned
  • $0Goodwill and other intangibles
  • $207,867Life insurance assets
  • $5,680All other assets
  • $187,782Total liabilities and capital
  • $174,853Total liabilities
  • $168,199Total deposits
  • $174,853Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $12,500Trading liabilities
  • $0Other borrowed funds
  • $429Subordinated debt
  • $20,085All other liabilities
  • $20,085Total equity capital
  • $20,085Total bank equity capital
  • $0Perpetual preferred stock
  • $800Common stock
  • $15,920Surplus
  • $3,365Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $14,097Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,775Income earned, not collected on loans
  • $0Earning assets
  • $696Long-term assets (5+ years)
  • $189,627Average Assets, year-to-date
  • $27,237Average Assets, quarterly
  • $193,308Volatile liabilities
  • $203,657Insider loans
  • $160,568FHLB advances
  • $194,930Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $20,085Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $13,489Restructured Loans and leases
  • $4,018Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,074Total interest income
  • $2,569Total interest expense
  • $8,505Net interest income
  • $2,450Provision for loan and lease losses
  • $2,500Total noninterest income
  • $0Fiduciary activities
  • $40Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,460Additional noninterest income
  • $5,995Total noninterest expense
  • $3,825Salaries and employee benefits
  • $260Premises and equipment expense
  • $1,910Additional noninterest expense
  • $2,560Pre-tax net operating income
  • $0Securities gains (losses)
  • $726Applicable income taxes
  • $1,834Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,834Net income attributable to bank
  • $0Net charge-offs
  • $1,834Cash dividends
  • $772Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.48%Yield on earning assets
  • 1.50%Cost of funding earning assets
  • 4.98%Net interest margin
  • 1.46%Noninterest income to earning assets
  • 3.51%Noninterest expense to earning assets
  • 0.95%Net operating income to assets
  • 0.95%Return on assets (ROA)
  • 1.32%Pretax return on assets
  • 9.96%Return on equity (ROE)
  • 9.96%Retained earnings to average equity (YTD only)
  • 0.44%Net charge-offs to loans
  • 317.36%Credit loss provision to net charge-offs
  • 6.49%Efficiency ratio
  • 54,475Assets per employee
  • 6.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.15%Loss allowance to noncurrent loans
  • 215.10%Noncurrent assets plus other real estate owned to assets
  • 2.47%Noncurrent loans to loans
  • 1.93%Net loans and leases to deposits
  • 107.18%Net loans and leases to core deposits
  • 169.44%Equity capital to assets
  • 9.66%Core capital (leverage) ratio
  • 10.30%Tier 1 risk-based capital ratio
  • 12.51%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $193,308Average earning assets
  • $18,407Average equity
  • $170,842Average loans

List of branches

  • 1 Illinois Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0456223Gold Coast Bank1201 N. Clark Street, Suite 204, Chicago, IL 60610June 04, 2007Full Service Brick and Mortar

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