Gold Coast Bank in Islandia, New York (NY)

Show street view No street view available for this location

Gold Coast Bank routing number info

Table of contents:
Gold Coast Bank
GeneralFDIC Certificate #: 58654
Status: Active
Federal Reserve ID: 3614369
Date Established: March 10, 2008
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 461700
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: March 10, 2008
Last Structure Change Effective Date: January 25, 2010
Last Structure Change Process Date: January 25, 2010
Last Data Update: January 25, 2010
Data Source Date: April 05, 2012
LocationAddress: 2929 Expressway Drive North, Islandia, NY 11749
County: Suffolk
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: New York City
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
Metropolitan Statistical Area (MSA): Nassau-Suffolk, NY (#5380)
Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
Core Based Statistical Division: Nassau-Suffolk, NY (#35004)
Financial SummaryTotal assets: $161.8 mil
Equity capital: $17.6 mil
Deposits held in domestic offices: $143.8 mil
Return on assets (ROA): 0.61% ($1.0 mil)
Quarterly return on assets: 0.25% ($0.4 mil)
Return on Equity (ROE): 4.81% ($0.9 mil)
Quarterly return on equity: 2.20% ($0.4 mil)
Net income: $0.8 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.61% ($986.9 mil)
Quarterly Pretax return on assets: 0.25% ($404.5 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)28
Total assets$161,789
Cash and due from depository institutions$30,119
Interest-bearing balances$29,282
Federal funds sold & reverse repurchase agreements$933
Net loans & leases$83,075
Loan loss allowance $1,267
Trading account assets$0
Bank premises and fixed assets$1,652
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$839
Life insurance assets$161,789
Total liabilities and capital$144,185
Total liabilities$143,782
Total deposits$76,797
Interest-bearing deposits$143,782
Deposits held in domestic offices$71
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $403
All other liabilities $17,604
Total equity capital$17,604
Total bank equity capital$17,604
Perpetual preferred stock$0
Common stock$8,612
Undivided profits $-3,929
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 $0
Earning assets $0
Long-term assets (5+ years) $423
Average Assets, year-to-date $158,461
Average Assets, quarterly $45,879
Volatile liabilities $136,058
Insider loans $154,038
FHLB advances $95,921
Loans and leases held for sale $153,885
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $17,053
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $24,759
Back to page top, Back to table top

Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,318
Total interest expense $392
Net interest income $4,926
Provision for loan and lease losses $109
Total noninterest income $212
Fiduciary activities $0
Service charges on deposit accounts $106
Trading account gains & fees $0
Additional noninterest income $106
Total noninterest expense $5,018
Salaries and employee benefits $2,716
Premises and equipment expense $803
Additional noninterest expense $1,499
Pre-tax net operating income $11
Securities gains (losses) $819
Applicable income taxes $1
Income before extraordinary items $829
Extraordinary gains - net $0
Net income attributable to bank $829
Net charge-offs $0
Cash dividends $829
Sale, conversion, retirement of capital stock, net -$72
Net operating income $0
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.00%
Cost of funding earning assets 0.30%
Net interest margin 3.71%
Noninterest income to earning assets 0.16%
Noninterest expense to earning assets 3.78%
Net operating income to assets 0.01%
Return on assets (ROA) 0.61%
Pretax return on assets 0.61%
Return on equity (ROE) 4.81%
Retained earnings to average equity (YTD only) 4.81%
Net charge-offs to loans -0.10%
Credit loss provision to net charge-offs -151.39%
Efficiency ratio0.00%
Assets per employee$97,664
Cash dividends to net income (YTD only)5.78%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.50%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.00%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 57.78%
Equity capital to assets 59.78%
Core capital (leverage) ratio 10.88%
Tier 1 risk-based capital ratio 11.08%
Total risk-based capital ratio 17.78%
Average assets$19
Average earning assets$136,058
Average equity $17,229
Average loans $132,858
Back to page top, Back to table top

3 New York Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0461700Gold Coast Bank2929 Expressway Drive North, Islandia, NY 11749March 10, 2008Full Service Brick and Mortar
1521325Huntington Branch315 West Main Street, Huntington, NY 11743August 30, 2010Full Service Brick and Mortar
2521331Setauket Branch690 Route 25a And Bennetts Road, Setauket, NY 11733April 04, 2011Full Service Brick and Mortar
Back to page top

User Contributions:

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


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Gold Coast Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.