Gulfshore Bank in Tampa, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Gulfshore Bank in Tampa, Florida (FL)
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Gulfshore Bank - Overview

  • General
  • FDIC Certificate #: 58762
    Status: Active
    Federal Reserve ID: 3628777
    Bank Holding Company (Regulatory Top Holder): Validus Holdings, Lllp (RSSDID: 4114585, Location: Tampa, FL)
    Date Established: August 22, 2007
    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 #: 467303
    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: August 22, 2007
    Last Structure Change Effective Date: December 19, 2008
    Last Structure Change Process Date: January 12, 2009
    Last Data Update: January 12, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 3201 South Macdill Avenue, Tampa, FL 33629
    County: Hillsborough
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Tampa
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Tampa-St. Petersburg-Clearwater, FL (#8280)
    Core Based Statistical Area (CBSA): Tampa-St. Petersburg-Clearwater, FL (#45300)
    CBSA Metro Statistical Area: Tampa-St. Petersburg-Clearwater, FL (#45300)
  • Financial Summary
  • Total assets: $239.9 mil
    Equity capital: $14.1 mil
    Deposits held in domestic offices: $214.3 mil
    Return on assets (ROA): -0.03% (-$0.1 mil)
    Quarterly return on assets: 0.12% ($0.3 mil)
    Return on Equity (ROE): -0.46% (-$0.1 mil)
    Quarterly return on equity: 1.81% ($0.3 mil)
    Net income: -$0.1 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: -0.01% (-$24.0 mil)
    Quarterly Pretax return on assets: 0.28% ($671.8 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
  • 30Total employees (full-time equivalent)
  • $239,931Total assets
  • $89,634Cash and due from depository institutions
  • $24,910Interest-bearing balances
  • $27,196Securities
  • $289Federal funds sold & reverse repurchase agreements
  • $117,585Net loans & leases
  • $1,850Loan loss allowance
  • $0Trading account assets
  • $2,001Bank premises and fixed assets
  • $655Other real estate owned
  • $0Goodwill and other intangibles
  • $239,931Life insurance assets
  • $2,571All other assets
  • $225,879Total liabilities and capital
  • $214,286Total liabilities
  • $160,948Total deposits
  • $214,286Interest-bearing deposits
  • $78Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $11,000Trading liabilities
  • $0Other borrowed funds
  • $593Subordinated debt
  • $14,052All other liabilities
  • $14,052Total equity capital
  • $14,052Total bank equity capital
  • $0Perpetual preferred stock
  • $9,641Common stock
  • $9,761Surplus
  • $-5,350Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,990Income earned, not collected on loans
  • $1,173Earning assets
  • $400Long-term assets (5+ years)
  • $169,980Average Assets, year-to-date
  • $58,094Average Assets, quarterly
  • $187,580Volatile liabilities
  • $217,880Insider loans
  • $141,397FHLB advances
  • $202,984Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $13,662Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $23,342Restructured Loans and leases
  • $2,567Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,779Total interest income
  • $2,049Total interest expense
  • $4,730Net interest income
  • $722Provision for loan and lease losses
  • $258Total noninterest income
  • $0Fiduciary activities
  • $42Service charges on deposit accounts
  • $0Trading account gains & fees
  • $216Additional noninterest income
  • $4,276Total noninterest expense
  • $2,401Salaries and employee benefits
  • $470Premises and equipment expense
  • $1,405Additional noninterest expense
  • -$10Pre-tax net operating income
  • -$2Securities gains (losses)
  • $52Applicable income taxes
  • -$64Income before extraordinary items
  • $0Extraordinary gains - net
  • -$64Net income attributable to bank
  • $0Net charge-offs
  • -$64Cash dividends
  • $39Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.20%Yield on earning assets
  • 1.27%Cost of funding earning assets
  • 2.93%Net interest margin
  • 0.16%Noninterest income to earning assets
  • 2.65%Noninterest expense to earning assets
  • -0.03%Net operating income to assets
  • -0.03%Return on assets (ROA)
  • -0.01%Pretax return on assets
  • -0.46%Return on equity (ROE)
  • -0.46%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 1851.28%Credit loss provision to net charge-offs
  • 18.26%Efficiency ratio
  • 85,726Assets per employee
  • 8.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.55%Loss allowance to noncurrent loans
  • 46.37%Noncurrent assets plus other real estate owned to assets
  • 1.94%Noncurrent loans to loans
  • 3.34%Net loans and leases to deposits
  • 54.87%Net loans and leases to core deposits
  • 63.64%Equity capital to assets
  • 5.86%Core capital (leverage) ratio
  • 6.73%Tier 1 risk-based capital ratio
  • 9.66%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $187,580Average earning assets
  • $13,889Average equity
  • $161,471Average loans

List of branches

  • 3 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0467303Gulfshore Bank3201 South Macdill Avenue, Tampa, FL 33629August 22, 2007Full Service Brick and Mortar
    1522051Downtown Branch401 South Florida Avenue, Tampa, FL 33602March 10, 2011Full Service Brick and Mortar
    2522052Gulfshore Bank Courier3201 South Macdill Avenue, Tampa, FL 33629Febuary 18, 2011Limited Service Messenger

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