Gold Coast Bank in Islandia, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches


Gold Coast Bank - Overview

  • General
  • FDIC Certificate #: 58654
    Status: Active
    Federal Reserve ID: 3614369
    Date Established: March 10, 2008
    WWW: http://www.goldcoastbankny.com
    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
  • Location
  • Address: 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 Summary
  • Total 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
  • 28Total employees (full-time equivalent)
  • $161,789Total assets
  • $30,119Cash and due from depository institutions
  • $29,282Interest-bearing balances
  • $45,171Securities
  • $933Federal funds sold & reverse repurchase agreements
  • $83,075Net loans & leases
  • $1,267Loan loss allowance
  • $0Trading account assets
  • $1,652Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $161,789Life insurance assets
  • $839All other assets
  • $144,185Total liabilities and capital
  • $143,782Total liabilities
  • $76,797Total deposits
  • $143,782Interest-bearing deposits
  • $71Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $403Subordinated debt
  • $17,604All other liabilities
  • $17,604Total equity capital
  • $17,604Total bank equity capital
  • $0Perpetual preferred stock
  • $8,612Common stock
  • $12,921Surplus
  • $-3,929Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $423Long-term assets (5+ years)
  • $158,461Average Assets, year-to-date
  • $45,879Average Assets, quarterly
  • $136,058Volatile liabilities
  • $154,038Insider loans
  • $95,921FHLB advances
  • $153,885Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $17,053Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $24,759Restructured Loans and leases
  • $5,926Derivatives

Income and Expense (December 31, 2011)

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

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.00%Yield on earning assets
  • 0.30%Cost of funding earning assets
  • 3.71%Net interest margin
  • 0.16%Noninterest income to earning assets
  • 3.78%Noninterest expense to earning assets
  • 0.01%Net operating income to assets
  • 0.61%Return on assets (ROA)
  • 0.61%Pretax return on assets
  • 4.81%Return on equity (ROE)
  • 4.81%Retained earnings to average equity (YTD only)
  • -0.10%Net charge-offs to loans
  • -151.39%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 97,664Assets per employee
  • 5.78%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.50%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 57.78%Net loans and leases to core deposits
  • 59.78%Equity capital to assets
  • 10.88%Core capital (leverage) ratio
  • 11.08%Tier 1 risk-based capital ratio
  • 17.78%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $136,058Average earning assets
  • $17,229Average equity
  • $132,858Average loans

List of branches

  • 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

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