Intracoastal Bank in Palm Coast, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Intracoastal Bank - Overview

  • General
  • FDIC Certificate #: 58692
    Status: Active
    Federal Reserve ID: 3786435
    Date Established: June 16, 2008
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 463041
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: June 16, 2008
    Last Structure Change Effective Date: August 11, 2009
    Last Structure Change Process Date: August 11, 2009
    Last Data Update: August 11, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 1290 Palm Coast Parkway Nw, Palm Coast, FL 32137
    County: Flagler
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Gainesville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Daytona Beach, FL (#2020)
    Combined Statistical Area (CSA): Orlando-Deltona-Daytona Beach, FL (#422)
    Core Based Statistical Area (CBSA): Palm Coast, FL (#37380)
    CBSA Metro Statistical Area: Palm Coast, FL (#37380)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $155.0 mil
    Equity capital: $16.2 mil
    Deposits held in domestic offices: $138.4 mil
    Return on assets (ROA): 1.09% ($1.7 mil)
    Quarterly return on assets: 0.88% ($1.4 mil)
    Return on Equity (ROE): 10.03% ($1.6 mil)
    Quarterly return on equity: 8.23% ($1.3 mil)
    Net income: $1.5 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.09% ($1,689.5 mil)
    Quarterly Pretax return on assets: 0.88% ($1,364.0 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
  • 21Total employees (full-time equivalent)
  • $154,998Total assets
  • $21,444Cash and due from depository institutions
  • $17,736Interest-bearing balances
  • $49,780Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $77,170Net loans & leases
  • $1,030Loan loss allowance
  • $0Trading account assets
  • $3,565Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $154,997Life insurance assets
  • $3,039All other assets
  • $138,795Total liabilities and capital
  • $138,371Total liabilities
  • $112,223Total deposits
  • $138,371Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $424Subordinated debt
  • $16,202All other liabilities
  • $16,202Total equity capital
  • $16,202Total bank equity capital
  • $0Perpetual preferred stock
  • $7,082Common stock
  • $7,275Surplus
  • $1,845Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $610Long-term assets (5+ years)
  • $144,686Average Assets, year-to-date
  • $59,623Average Assets, quarterly
  • $135,209Volatile liabilities
  • $150,400Insider loans
  • $92,384FHLB advances
  • $151,293Loans and leases held for sale
  • $1,989Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,490Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,989Total unused commitments
  • $8,527Restructured Loans and leases
  • $8,758Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,491Total interest income
  • $1,064Total interest expense
  • $4,427Net interest income
  • $201Provision for loan and lease losses
  • $199Total noninterest income
  • $0Fiduciary activities
  • $43Service charges on deposit accounts
  • $0Trading account gains & fees
  • $156Additional noninterest income
  • $3,142Total noninterest expense
  • $1,673Salaries and employee benefits
  • $335Premises and equipment expense
  • $1,134Additional noninterest expense
  • $1,283Pre-tax net operating income
  • $187Securities gains (losses)
  • $0Applicable income taxes
  • $1,470Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,470Net income attributable to bank
  • $0Net charge-offs
  • $1,470Cash dividends
  • $3Sale, conversion, retirement of capital stock, net
  • $510Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.40%Yield on earning assets
  • 0.85%Cost of funding earning assets
  • 3.55%Net interest margin
  • 0.16%Noninterest income to earning assets
  • 2.52%Noninterest expense to earning assets
  • 0.95%Net operating income to assets
  • 1.09%Return on assets (ROA)
  • 1.09%Pretax return on assets
  • 10.03%Return on equity (ROE)
  • 6.55%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 6700.00%Credit loss provision to net charge-offs
  • 494.67%Efficiency ratio
  • 67,920Assets per employee
  • 7.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 34.69%Loss allowance to loans
  • 1.32%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 55.77%Net loans and leases to core deposits
  • 62.66%Equity capital to assets
  • 10.45%Core capital (leverage) ratio
  • 10.24%Tier 1 risk-based capital ratio
  • 16.77%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $135,209Average earning assets
  • $14,663Average equity
  • $124,855Average loans

List of branches

  • 2 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0463041Intracoastal Bank1290 Palm Coast Parkway Nw, Palm Coast, FL 32137June 16, 2008Full Service Brick and Mortar
    1482170Courier Service1290 Palm Coast Parkway, Palm Coast, FL 32137June 16, 2008Limited Service Messenger

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