Gulf Coast Bank in Abbeville, Louisiana (LA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Gulf Coast Bank - Overview

  • General
  • FDIC Certificate #: 20353
    Status: Active
    Federal Reserve ID: 459130
    Bank Holding Company (Regulatory Top Holder): Gulf Coast Bancshares, Inc. (RSSDID: 1085929, Location: Abbeville, LA)
    Date Established: Febuary 01, 1971
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 15 (Domestic: 15, Interstate: No)
    FDIC's unique #: 14016
    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 01, 1971
    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: 221 South State Street, Abbeville, LA 70510
    County: Vermilion
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Baton Rouge
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Western
    Combined Statistical Area (CSA): Lafayette-Acadiana, LA (#318)
    Core Based Statistical Area (CBSA): Abbeville, LA (#10020)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Name Change
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $317.5 mil
    Equity capital: $40.5 mil
    Deposits held in domestic offices: $275.4 mil
    Return on assets (ROA): 1.00% ($3.2 mil)
    Quarterly return on assets: 0.53% ($1.7 mil)
    Return on Equity (ROE): 7.59% ($3.1 mil)
    Quarterly return on equity: 4.13% ($1.7 mil)
    Net income: $3.0 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.50% ($4,761.9 mil)
    Quarterly Pretax return on assets: 0.78% ($2,476.2 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
  • 141Total employees (full-time equivalent)
  • $317,461Total assets
  • $73,953Cash and due from depository institutions
  • $58,860Interest-bearing balances
  • $16,507Securities
  • $2,416Federal funds sold & reverse repurchase agreements
  • $213,281Net loans & leases
  • $2,496Loan loss allowance
  • $0Trading account assets
  • $8,150Bank premises and fixed assets
  • $243Other real estate owned
  • $0Goodwill and other intangibles
  • $317,461Life insurance assets
  • $2,911All other assets
  • $276,957Total liabilities and capital
  • $275,410Total liabilities
  • $189,365Total deposits
  • $275,410Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,547Subordinated debt
  • $40,504All other liabilities
  • $40,504Total equity capital
  • $40,504Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $10,000Surplus
  • $29,504Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $215Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,717Income earned, not collected on loans
  • $69Earning assets
  • $1,065Long-term assets (5+ years)
  • $291,064Average Assets, year-to-date
  • $29,467Average Assets, quarterly
  • $305,043Volatile liabilities
  • $315,068Insider loans
  • $198,105FHLB advances
  • $317,780Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $40,227Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $16,249Restructured Loans and leases
  • $1,297Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,164Total interest income
  • $1,713Total interest expense
  • $13,451Net interest income
  • $351Provision for loan and lease losses
  • $4,849Total noninterest income
  • $0Fiduciary activities
  • $2,293Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,556Additional noninterest income
  • $13,369Total noninterest expense
  • $7,903Salaries and employee benefits
  • $1,985Premises and equipment expense
  • $3,481Additional noninterest expense
  • $4,580Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,537Applicable income taxes
  • $3,043Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,043Net income attributable to bank
  • $0Net charge-offs
  • $3,043Cash dividends
  • $406Sale, conversion, retirement of capital stock, net
  • $1,500Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.51%Yield on earning assets
  • 0.62%Cost of funding earning assets
  • 4.89%Net interest margin
  • 1.76%Noninterest income to earning assets
  • 4.86%Noninterest expense to earning assets
  • 1.00%Net operating income to assets
  • 1.00%Return on assets (ROA)
  • 1.50%Pretax return on assets
  • 7.59%Return on equity (ROE)
  • 3.85%Retained earnings to average equity (YTD only)
  • 0.19%Net charge-offs to loans
  • 86.45%Credit loss provision to net charge-offs
  • 12.15%Efficiency ratio
  • 73,055Assets per employee
  • 2.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 49.29%Loss allowance to loans
  • 1.16%Loss allowance to noncurrent loans
  • 52.91%Noncurrent assets plus other real estate owned to assets
  • 1.56%Noncurrent loans to loans
  • 2.19%Net loans and leases to deposits
  • 77.44%Net loans and leases to core deposits
  • 84.13%Equity capital to assets
  • 12.76%Core capital (leverage) ratio
  • 12.66%Tier 1 risk-based capital ratio
  • 20.31%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $305,043Average earning assets
  • $40,107Average equity
  • $275,312Average loans

List of branches

  • 15 Louisiana Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    014016Gulf Coast Bank221 South State Street, Abbeville, LA 70510Febuary 01, 1971Full Service Brick and Mortar
    1250783Delcambre Branch304 La Hwy 14 West, Delcambre, LA 70528September 13, 1978Full Service Brick and Mortar
    2250784Erath Branch500 West Lastie, Erath, LA 70533November 08, 1978Full Service Brick and Mortar
    3250785Maurice Branch9302 Maurice Ave, Maurice, LA 70555April 28, 1980Full Service Brick and Mortar
    4250786Charity Street Branch2025 Charity Street, Abbeville, LA 70510November 17, 1981Limited Service Facility
    5250787North Abbeville Branch214 East Summers Drive, Abbeville, LA 70510January 29, 1982Limited Service Facility
    6250788Johnston Street Branch4310 Johnston Street, Lafayette, LA 70501November 02, 1992Full Service Brick and Mortar
    7358983West Pinhook2428 West Pinhook, Lafayette, LA 70508September 20, 2000Full Service Brick and Mortar
    8359645Wal-Mart Branch3005 Veterans Memorial Drive, Abbeville, LA 70510March 24, 2001Full Service Brick and Mortar
    9359938Wal-Mart Superstore - Lafayette3142 Ambassador Caffery Parkway, Lafayette, LA 70508April 18, 2001Full Service Brick and Mortar
    10359994North West Evangeline Thruway Branch1229 North West Evangeline Thruway Branch, Lafayette, LA 70508October 20, 2000Full Service Brick and Mortar
    11429566Congress Street Branch711 West Congress, Lafayette, LA 70505July 01, 2004Full Service Brick and Mortar
    12441151Ambassador Caffery Parkway Branch3911 Ambassador Caffery Parkway, Lafayette, LA 70503June 06, 2005Full Service Brick and Mortar
    13451138Kaliste Saloom Branch1405 Kaliste Saloom Road, Lafayette, LA 70503April 19, 2006Full Service Brick and Mortar
    14518289Sugar Mill Pond Branch3000 East Milton Avenue, Youngsville, LA 70592November 15, 2010Full Service Brick and Mortar

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