Gulf Coast Community Bank in Pensacola, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Gulf Coast Community Bank - Overview

  • General
  • FDIC Certificate #: 57564
    Status: Active
    Federal Reserve ID: 3200034
    Date Established: July 03, 2003
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 365618
    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: July 03, 2003
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: September 30, 2010
    Last Data Update: September 30, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 40 North Palafox Street, Pensacola, FL 32502
    County: Escambia
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Pensacola
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Pensacola, FL (#6080)
    Core Based Statistical Area (CBSA): Pensacola-Ferry Pass-Brent, FL (#37860)
    CBSA Metro Statistical Area: Pensacola-Ferry Pass-Brent, FL (#37860)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $218.5 mil
    Equity capital: $7.7 mil
    Deposits held in domestic offices: $185.6 mil
    Return on assets (ROA): -2.82% (-$6.1 mil)
    Quarterly return on assets: -6.32% (-$13.8 mil)
    Return on Equity (ROE): -58.86% (-$4.7 mil)
    Quarterly return on equity: -152.78% (-$12.2 mil)
    Net income: -$6.5 mil
    Quarterly Net income: -$3.5 mil
    Pretax return on assets: -2.87% (-$6,270.3 mil)
    Quarterly Pretax return on assets: -6.53% (-$14,266.5 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
  • 50Total employees (full-time equivalent)
  • $218,476Total assets
  • $20,697Cash and due from depository institutions
  • $20,014Interest-bearing balances
  • $29,583Securities
  • $1,262Federal funds sold & reverse repurchase agreements
  • $135,163Net loans & leases
  • $3,810Loan loss allowance
  • $0Trading account assets
  • $5,809Bank premises and fixed assets
  • $23,036Other real estate owned
  • $0Goodwill and other intangibles
  • $218,476Life insurance assets
  • $2,926All other assets
  • $210,743Total liabilities and capital
  • $185,635Total liabilities
  • $159,299Total deposits
  • $185,635Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $24,980Trading liabilities
  • $0Other borrowed funds
  • $128Subordinated debt
  • $7,733All other liabilities
  • $7,733Total equity capital
  • $7,733Total bank equity capital
  • $0Perpetual preferred stock
  • $12,724Common stock
  • $13,113Surplus
  • $-18,104Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $17,654Income earned, not collected on loans
  • $0Earning assets
  • $579Long-term assets (5+ years)
  • $186,022Average Assets, year-to-date
  • $33,561Average Assets, quarterly
  • $229,935Volatile liabilities
  • $220,800Insider loans
  • $166,393FHLB advances
  • $221,419Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,115Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,272Restructured Loans and leases
  • $5,572Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,770Total interest income
  • $2,848Total interest expense
  • $5,922Net interest income
  • $3,107Provision for loan and lease losses
  • -$1,940Total noninterest income
  • $0Fiduciary activities
  • $259Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$2,199Additional noninterest income
  • $7,720Total noninterest expense
  • $3,240Salaries and employee benefits
  • $916Premises and equipment expense
  • $3,564Additional noninterest expense
  • -$6,845Pre-tax net operating income
  • $238Securities gains (losses)
  • -$116Applicable income taxes
  • -$6,491Income before extraordinary items
  • $0Extraordinary gains - net
  • -$6,491Net income attributable to bank
  • $0Net charge-offs
  • -$6,491Cash dividends
  • $4,046Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.40%Yield on earning assets
  • 1.43%Cost of funding earning assets
  • 2.97%Net interest margin
  • -0.97%Noninterest income to earning assets
  • 3.88%Noninterest expense to earning assets
  • -2.92%Net operating income to assets
  • -2.82%Return on assets (ROA)
  • -2.87%Pretax return on assets
  • -58.86%Return on equity (ROE)
  • -58.86%Retained earnings to average equity (YTD only)
  • 2.57%Net charge-offs to loans
  • 76.79%Credit loss provision to net charge-offs
  • -0.92%Efficiency ratio
  • 193,872Assets per employee
  • 4.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.74%Loss allowance to noncurrent loans
  • 21.58%Noncurrent assets plus other real estate owned to assets
  • 18.62%Noncurrent loans to loans
  • 12.70%Net loans and leases to deposits
  • 72.81%Net loans and leases to core deposits
  • 75.33%Equity capital to assets
  • 3.54%Core capital (leverage) ratio
  • 3.21%Tier 1 risk-based capital ratio
  • 4.28%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $229,935Average earning assets
  • $11,029Average equity
  • $199,164Average loans

List of branches

  • 5 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0365618Gulf Coast Community Bank40 North Palafox Street, Pensacola, FL 32502July 03, 2003Full Service Brick and Mortar
    1430141Pace Branch4911 Highway 90, Pace, FL 32571October 09, 2003Full Service Brick and Mortar
    2430142College Blvd. & 12th Ave. Branch1177 College Boulevard, Pensacola, FL 32504June 01, 2004Full Service Brick and Mortar
    3446284Nine Mile Road Branch1554 West Nine Mile Road, Pensacola, FL 32534December 27, 2005Full Service Brick and Mortar
    4482594Gulf Breeze2871 Gulf Breeze Parkway, Gulf Breeze, FL 32561November 03, 2008Full Service Brick and Mortar

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