Suncoast Bank in Sarasota, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 18, 2006

  • Suncoast Bank in Sarasota, Florida (FL)
  • Show street view No street view available for this location

Suncoast Bank - Overview

  • General
  • FDIC Certificate #: 35046
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Cadence Bank, N.A. (#4999)
    Federal Reserve ID: 2783736
    Date Established: September 07, 1999
    WWW: http://www.suncoastbank.com
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Interstate: No)
    FDIC's unique #: 74350
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: September 07, 1999
    Last Structure Change Effective Date: August 18, 2006
    Last Structure Change Process Date: September 12, 2006
    Last Data Update: September 12, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 8592 Potter Park Drive, Sarasota, FL 34238
    County: Sarasota
    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): Sarasota-Bradenton, FL (#7510)
    Combined Statistical Area (CSA): Sarasota-Bradenton-Punta Gorda, FL (#494)
    Core Based Statistical Area (CBSA): North Port-Bradenton-Sarasota, FL (#35840)
    CBSA Metro Statistical Area: North Port-Bradenton-Sarasota, FL (#35840)
  • Financial Summary
  • Total assets: $140.2 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, 2005)

  • Dollar figures in thousands
  • 28Total employees (full-time equivalent)
  • $131,846Total assets
  • $2,408Cash and due from depository institutions
  • $30Interest-bearing balances
  • $9,602Securities
  • $2,215Federal funds sold & reverse repurchase agreements
  • $112,977Net loans & leases
  • $1,194Loan loss allowance
  • $0Trading account assets
  • $3,067Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,577All other assets
  • $131,846Total liabilities and capital
  • $117,678Total liabilities
  • $117,289Total deposits
  • $105,409Interest-bearing deposits
  • $117,289Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $389All other liabilities
  • $14,168Total equity capital
  • $14,168Total bank equity capital
  • $14,168Perpetual preferred stock
  • $0Common stock
  • $1,800Surplus
  • $12,145Undivided profits
  • Memoranda
  • $223Noncurrent loans and leases
  • $31,668Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $443Average Assets, year-to-date
  • $124,824Average Assets, quarterly
  • $11,735Volatile liabilities
  • $117,333Insider loans
  • $127,130FHLB advances
  • $44,629Loans and leases held for sale
  • $5,684Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $31,668Total unused commitments
  • $0Restructured Loans and leases
  • $1,194Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $7,091Total interest income
  • $2,753Total interest expense
  • $4,338Net interest income
  • $330Provision for loan and lease losses
  • $107Total noninterest income
  • $0Fiduciary activities
  • $37Service charges on deposit accounts
  • $0Trading account gains & fees
  • $70Additional noninterest income
  • $2,557Total noninterest expense
  • $1,414Salaries and employee benefits
  • $427Premises and equipment expense
  • $716Additional noninterest expense
  • $1,558Pre-tax net operating income
  • -$29Securities gains (losses)
  • $581Applicable income taxes
  • $948Income before extraordinary items
  • $0Extraordinary gains - net
  • $948Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.41%Yield on earning assets
  • 2.49%Cost of funding earning assets
  • 3.92%Net interest margin
  • 0.10%Noninterest income to earning assets
  • 2.31%Noninterest expense to earning assets
  • 0.82%Net operating income to assets
  • 0.81%Return on assets (ROA)
  • 1.30%Pretax return on assets
  • 6.90%Return on equity (ROE)
  • 6.90%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 57,525Assets per employee
  • 4.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.05%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
  • 96.32%Net loans and leases to core deposits
  • 155.49%Equity capital to assets
  • 10.75%Core capital (leverage) ratio
  • 11.10%Tier 1 risk-based capital ratio
  • 10.84%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $117,333Average earning assets
  • $13,739Average equity
  • $110,568Average loans

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