Gulf Coast Bank and Trust Company in New Orleans, Louisiana (LA), TX
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Gulf Coast Bank and Trust Company in New Orleans, Louisiana (LA), TX
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Gulf Coast Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 32974
    Status: Active
    Federal Reserve ID: 1458608
    Date Established: June 08, 1990
    WWW: http://www.gulfbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 21 (Domestic: 21, Interstate: Yes)
    OTS Docket #: 9265
    FDIC's unique #: 46153
    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 08, 1990
    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: 200 St. Charles Avenue, New Orleans, LA 70130
    County: Orleans
    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
    Metropolitan Statistical Area (MSA): New Orleans, LA (#5560)
    Combined Statistical Area (CSA): New Orleans-Metairie-Bogalusa, LA (#406)
    Core Based Statistical Area (CBSA): New Orleans-Metairie-Kenner, LA (#35380)
    CBSA Metro Statistical Area: New Orleans-Metairie-Kenner, LA (#35380)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $881.1 mil
    Equity capital: $76.2 mil
    Deposits held in domestic offices: $740.2 mil
    Return on assets (ROA): 0.57% ($5.0 mil)
    Quarterly return on assets: 0.54% ($4.8 mil)
    Return on Equity (ROE): 6.78% ($5.2 mil)
    Quarterly return on equity: 6.30% ($4.8 mil)
    Net income: $5.1 mil
    Quarterly Net income: $1.2 mil
    Pretax return on assets: 0.96% ($8,459.0 mil)
    Quarterly Pretax return on assets: 0.54% ($4,758.2 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
  • 319Total employees (full-time equivalent)
  • $881,144Total assets
  • $41,783Cash and due from depository institutions
  • $24,627Interest-bearing balances
  • $137,927Securities
  • $2,312Federal funds sold & reverse repurchase agreements
  • $644,740Net loans & leases
  • $11,411Loan loss allowance
  • $0Trading account assets
  • $31,378Bank premises and fixed assets
  • $6,319Other real estate owned
  • $0Goodwill and other intangibles
  • $881,144Life insurance assets
  • $16,685All other assets
  • $803,171Total liabilities and capital
  • $740,235Total liabilities
  • $584,553Total deposits
  • $740,235Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $57,400Trading liabilities
  • $0Other borrowed funds
  • $5,536Subordinated debt
  • $77,973All other liabilities
  • $76,218Total equity capital
  • $76,218Total bank equity capital
  • $713Perpetual preferred stock
  • $1,047Common stock
  • $16,264Surplus
  • $58,194Undivided profits
  • Memoranda
  • $1,755Noncurrent loans and leases
  • $18,383Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $33,571Income earned, not collected on loans
  • $2,022Earning assets
  • $5,139Long-term assets (5+ years)
  • $809,606Average Assets, year-to-date
  • $235,334Average Assets, quarterly
  • $885,757Volatile liabilities
  • $880,748Insider loans
  • $664,812FHLB advances
  • $881,461Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $76,369Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $68,381Restructured Loans and leases
  • $871Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $60,956Total interest income
  • $13,113Total interest expense
  • $47,843Net interest income
  • $9,325Provision for loan and lease losses
  • $21,850Total noninterest income
  • $989Fiduciary activities
  • $2,399Service charges on deposit accounts
  • $0Trading account gains & fees
  • $18,462Additional noninterest income
  • $50,074Total noninterest expense
  • $28,192Salaries and employee benefits
  • $4,630Premises and equipment expense
  • $17,252Additional noninterest expense
  • $10,294Pre-tax net operating income
  • -$32Securities gains (losses)
  • $3,422Applicable income taxes
  • $6,840Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,091Net income attributable to bank
  • $1,749Net charge-offs
  • $6,840Cash dividends
  • $8,953Sale, conversion, retirement of capital stock, net
  • $898Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.50%Yield on earning assets
  • 1.61%Cost of funding earning assets
  • 5.89%Net interest margin
  • 2.69%Noninterest income to earning assets
  • 6.16%Noninterest expense to earning assets
  • 0.77%Net operating income to assets
  • 0.57%Return on assets (ROA)
  • 0.96%Pretax return on assets
  • 6.78%Return on equity (ROE)
  • 5.58%Retained earnings to average equity (YTD only)
  • 1.37%Net charge-offs to loans
  • 104.16%Credit loss provision to net charge-offs
  • 2.19%Efficiency ratio
  • 71,849Assets per employee
  • 2.76%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 17.64%Loss allowance to loans
  • 1.74%Loss allowance to noncurrent loans
  • 33.99%Noncurrent assets plus other real estate owned to assets
  • 4.53%Noncurrent loans to loans
  • 5.12%Net loans and leases to deposits
  • 87.10%Net loans and leases to core deposits
  • 102.23%Equity capital to assets
  • 8.65%Core capital (leverage) ratio
  • 8.66%Tier 1 risk-based capital ratio
  • 11.49%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $885,757Average earning assets
  • $75,105Average equity
  • $812,414Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $79,384Managed Assets
  • 1Number of Accounts
  • $46,044Personal trust and agency accounts
  • $29,548Employee benefit-defined contribution accounts
  • $13,474Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $407Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $2,615Non-managed Assets
  • 402Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $33,340Other retirement accounts
  • $2,425Corporate trust and agency accounts
  • $20,455Other fiduciary accounts
  • $10,330Fiduciary accounts held in foreign offices

List of branches

  • 19 Louisiana Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    046153Gulf Coast Bank And Trust Company200 St. Charles Avenue, New Orleans, LA 70130June 08, 1990Full Service Brick and Mortar
    5277529737 Terry Parkway Branch737 Terry Pkwy, Gretna, LA 70056March 01, 1937Full Service Brick and Mortar
    14289136Veterans Branch1825 Veterans Highway, Metairie, LA 70005June 01, 1999Full Service Brick and Mortar
    15361293Civic Center Branch8216 West Judge Perez Drive, Chalmette, LA 70043September 16, 2000Full Service Brick and Mortar
    16426741Williams Boulevard Branch3410 Williams Boulevard, Kenner, LA 70065Febuary 20, 2004Full Service Brick and Mortar
    18439922Lakeview Branch848 Harrison Avenue, New Orleans, LA 70124April 18, 2005Full Service Brick and Mortar
    20453328Covington Branch1110 Highway 190, Covington, LA 70433September 12, 2005Full Service Brick and Mortar
    21453329Slidell Branch1900 Oak Harbor Blvd, Slidell, LA 70458December 27, 2005Full Service Brick and Mortar
    22453330Perkins Branch13906 Perkins Rd, Baton Rouge, LA 70810September 07, 2005Full Service Brick and Mortar
    24466259Business Center Branch1801 East Judge Perez, Chalmette, LA 70043March 17, 2007Full Service Brick and Mortar
    25466260Old Goodwood Branch7235 Jefferson Highway, Baton Rouge, LA 70806March 15, 2006Full Service Brick and Mortar
    26468206Gulf Coast Mortgage Baton Rouge Loan4000 South Sherwood Forest Boulevard, Baton Rouge, LA 70816March 05, 2007Limited Service Loan Production
    27468835Gulf Coast Bank Mortgage Thibodaux L206 Green Street, Suite 1b, Thibodaux, LA 70301November 01, 2007Limited Service Loan Production
    28479330Highway 22 Branch3916 Highway 22, Mandeville, LA 70471April 28, 2008Full Service Brick and Mortar
    29481024Boston Branch423 East Boston Street, Covington, LA 70433August 27, 2008Full Service Brick and Mortar
    30482367Transcontinental Branch5001 Veterans Boulevard, Metairie, LA 70006October 31, 2008Full Service Brick and Mortar
    32502040Gulf Coast Bank Mortgage Lending Off101 West Robert E. Lee Boulevard, Suite 400, New Orleans, LA 70124December 01, 2008Limited Service Loan Production
    33510963Carrollton Branch201 North Carrollton Ave., New Orleans, LA 70119March 24, 2010Full Service Brick and Mortar
    34522229Gulf Coast Bank & Trust Manhattan Bo1901 Manhattan Boulevard, Harvey, LA 70058September 01, 2011Limited Service Loan Production
  • 2 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    31502039Houston Loan Production Office13105 Northwest Freeway, Suite 770, Houston, TX 77040March 01, 2008Limited Service Loan Production
    35527037Gulf Coast Business Credit - Austin5918 W. Courtyard Drive, Suite 500, Austin, TX 78730November 30, 2011Limited Service Loan Production

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