Gulfstream Business Bank in Stuart, Florida (FL)



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Gulfstream Business Bank routing number info

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Gulfstream Business Bank
GeneralFDIC Certificate #: 35092
Status: Active
Federal Reserve ID: 2814210
Bank Holding Company (Regulatory Top Holder): Gulfstream Bancshares, Inc. (RSSDID: 3001156, Location: Stuart, FL)
Date Established: May 27, 1999
WWW: http://www.gsbb.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Domestic: 4, Interstate: No)
FDIC's unique #: 74670
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: May 27, 1999
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
LocationAddress: 2400 Se Monterey Road, Suite 100, Stuart, FL 34996
County: Martin
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: South Florida
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Fort Pierce-Port St. Lucie, FL (#2710)
Combined Statistical Area (CSA): Port St. Lucie-Sebastian-Vero Beach, FL (#442)
Core Based Statistical Area (CBSA): Port St. Lucie, FL (#38940)
CBSA Metro Statistical Area: Port St. Lucie, FL (#38940)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $545.9 mil
Equity capital: $61.1 mil
Deposits held in domestic offices: $438.2 mil
Return on assets (ROA): 0.66% ($3.6 mil)
Quarterly return on assets: 0.72% ($3.9 mil)
Return on Equity (ROE): 6.06% ($3.7 mil)
Quarterly return on equity: 6.45% ($3.9 mil)
Net income: $3.7 mil
Quarterly Net income: $1.0 mil
Pretax return on assets: 1.05% ($5,731.9 mil)
Quarterly Pretax return on assets: 1.14% ($6,223.2 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)
Total employees (full-time equivalent)76
Total assets$545,893
Cash and due from depository institutions$100,681
Interest-bearing balances$89,992
Securities$57,345
Federal funds sold & reverse repurchase agreements$9,054
Net loans & leases$348,048
Loan loss allowance $16,717
Trading account assets$0
Bank premises and fixed assets$6,284
Other real estate owned$5,928
Goodwill and other intangibles$0
All other assets$18,553
Life insurance assets$545,893
Total liabilities and capital$484,768
Total liabilities$438,214
Total deposits$294,175
Interest-bearing deposits$438,214
Deposits held in domestic offices$87
% insured (estimated)4710.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$40,000
Other borrowed funds $0
Subordinated debt $1,844
All other liabilities $61,125
Total equity capital$61,125
Total bank equity capital$61,125
Perpetual preferred stock$0
Common stock$5,697
Surplus$30,699
Undivided profits $24,729
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $733
Income earned, not collected on loans $8,075
Earning assets $0
Long-term assets (5+ years) $1,401
Average Assets, year-to-date $504,439
Average Assets, quarterly $121,504
Volatile liabilities $556,798
Insider loans $545,374
FHLB advances $392,391
Loans and leases held for sale $550,495
Unused loan commitments $4,596
Tier 1 (core) risk-based capital $4,596
Tier 2 risk-based capital $60,626
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $78,122
Derivatives$10,582
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $25,788
Total interest expense $5,257
Net interest income $20,531
Provision for loan and lease losses $5,320
Total noninterest income $1,620
Fiduciary activities $0
Service charges on deposit accounts $994
Trading account gains & fees $0
Additional noninterest income $626
Total noninterest expense $10,798
Salaries and employee benefits $5,951
Premises and equipment expense $1,097
Additional noninterest expense $3,750
Pre-tax net operating income $6,033
Securities gains (losses) -$195
Applicable income taxes $2,183
Income before extraordinary items $3,655
Extraordinary gains - net $0
Net income attributable to bank $3,655
Net charge-offs $0
Cash dividends $3,655
Sale, conversion, retirement of capital stock, net $9,920
Net operating income $1,025
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.99%
Cost of funding earning assets 1.02%
Net interest margin 3.97%
Noninterest income to earning assets 0.31%
Noninterest expense to earning assets 2.09%
Net operating income to assets 0.68%
Return on assets (ROA) 0.66%
Pretax return on assets 1.05%
Return on equity (ROE) 6.06%
Retained earnings to average equity (YTD only) 4.36%
Net charge-offs to loans 2.58%
Credit loss provision to net charge-offs 53.63%
Efficiency ratio1.14%
Assets per employee$48,747
Cash dividends to net income (YTD only)7.18%
Condition Ratios (%)
Loss allowance to loans 28.04%
Loss allowance to noncurrent loans 4.58%
Noncurrent assets plus other real estate owned to assets 207.02%
Noncurrent loans to loans 2.57%
Net loans and leases to deposits2.21%
Net loans and leases to core deposits 79.42%
Equity capital to assets 89.33%
Core capital (leverage) ratio 11.20%
Tier 1 risk-based capital ratio 11.01%
Total risk-based capital ratio 15.45%
Memoranda
Average assets$17
Average earning assets$556,798
Average equity $60,297
Average loans $516,878
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4 Florida Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
074670Gulfstream Business Bank2400 Se Monterey Road, Suite 100, Stuart, FL 34996May 27, 1999Full Service Brick and Mortar
1428145Delray Beach Branch909 Se 5th Avenue, Delray Beach, FL 33483January 27, 2003Full Service Brick and Mortar
2467447St Lucie Branch9815 S Us Highway 1, Port Saint Lucie, FL 34952August 16, 2006Full Service Brick and Mortar
3478291North Palm Branch250 Central Blvd #106, Jupiter, FL 33458July 02, 2007Full Service Brick and Mortar
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