The Coastal Bank in Savannah, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Coastal Bank - Overview

  • General
  • FDIC Certificate #: 20134
    Status: Active
    Federal Reserve ID: 224637
    Bank Holding Company (Regulatory Top Holder): Coastal Bankshares, Inc. (RSSDID: 1083671, Location: Savannah, GA)
    Date Established: December 24, 1954
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    FDIC's unique #: 13831
    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: Febuary 12, 1970
    Last Structure Change Effective Date: January 26, 2009
    Last Structure Change Process Date: April 15, 2009
    Last Data Update: April 15, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 18 West Bryan Street, Savannah, GA 31401
    County: Chatham
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Savannah
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Savannah, GA (#7520)
    Combined Statistical Area (CSA): Savannah-Hinesville-Fort Stewart, GA (#496)
    Core Based Statistical Area (CBSA): Savannah, GA (#42340)
    CBSA Metro Statistical Area: Savannah, GA (#42340)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
    Change in Location
  • Financial Summary
  • Total assets: $448.7 mil
    Equity capital: $49.8 mil
    Deposits held in domestic offices: $375.7 mil
    Return on assets (ROA): 0.00% ($0.0 mil)
    Quarterly return on assets: 0.00% ($0.0 mil)
    Return on Equity (ROE): 0.03% ($0.0 mil)
    Quarterly return on equity: -0.01% (-$0.0 mil)
    Net income: $0.0 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: -0.05% (-$224.3 mil)
    Quarterly Pretax return on assets: -0.04% (-$179.5 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
  • 104Total employees (full-time equivalent)
  • $448,686Total assets
  • $29,304Cash and due from depository institutions
  • $27,354Interest-bearing balances
  • $56,811Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $301,037Net loans & leases
  • $4,990Loan loss allowance
  • $0Trading account assets
  • $12,753Bank premises and fixed assets
  • $22,332Other real estate owned
  • $9,480Goodwill and other intangibles
  • $448,686Life insurance assets
  • $16,969All other assets
  • $398,857Total liabilities and capital
  • $375,716Total liabilities
  • $319,430Total deposits
  • $375,716Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 3929.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $18,000Trading liabilities
  • $0Other borrowed funds
  • $1,212Subordinated debt
  • $49,829All other liabilities
  • $49,829Total equity capital
  • $49,829Total bank equity capital
  • $0Perpetual preferred stock
  • $1,050Common stock
  • $46,374Surplus
  • $2,405Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $4,119Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $20,812Income earned, not collected on loans
  • $0Earning assets
  • $1,366Long-term assets (5+ years)
  • $385,202Average Assets, year-to-date
  • $65,487Average Assets, quarterly
  • $437,377Volatile liabilities
  • $442,880Insider loans
  • $322,739FHLB advances
  • $432,067Loans and leases held for sale
  • $7,261Unused loan commitments
  • $6,001Tier 1 (core) risk-based capital
  • $36,927Tier 2 risk-based capital
  • $1,260Total risk weighted assets
  • $0Total unused commitments
  • $19,777Restructured Loans and leases
  • $9,516Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $19,275Total interest income
  • $4,335Total interest expense
  • $14,940Net interest income
  • $2,742Provision for loan and lease losses
  • $2,862Total noninterest income
  • $0Fiduciary activities
  • $1,171Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,691Additional noninterest income
  • $15,593Total noninterest expense
  • $7,424Salaries and employee benefits
  • $1,687Premises and equipment expense
  • $6,482Additional noninterest expense
  • -$533Pre-tax net operating income
  • $332Securities gains (losses)
  • -$218Applicable income taxes
  • $17Income before extraordinary items
  • $0Extraordinary gains - net
  • $17Net income attributable to bank
  • $0Net charge-offs
  • $17Cash dividends
  • $4,215Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.12%Yield on earning assets
  • 1.15%Cost of funding earning assets
  • 3.97%Net interest margin
  • 0.76%Noninterest income to earning assets
  • 4.14%Noninterest expense to earning assets
  • -0.04%Net operating income to assets
  • 0.00%Return on assets (ROA)
  • -0.05%Pretax return on assets
  • 0.03%Return on equity (ROE)
  • 0.03%Retained earnings to average equity (YTD only)
  • 1.34%Net charge-offs to loans
  • 65.05%Credit loss provision to net charge-offs
  • 0.52%Efficiency ratio
  • 86,850Assets per employee
  • 4.31%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.63%Loss allowance to noncurrent loans
  • 23.98%Noncurrent assets plus other real estate owned to assets
  • 9.62%Noncurrent loans to loans
  • 6.80%Net loans and leases to deposits
  • 80.12%Net loans and leases to core deposits
  • 84.15%Equity capital to assets
  • 11.11%Core capital (leverage) ratio
  • 8.55%Tier 1 risk-based capital ratio
  • 11.44%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $437,377Average earning assets
  • $49,573Average equity
  • $376,580Average loans

List of branches

  • 7 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013831The Coastal Bank18 West Bryan Street, Savannah, GA 31401December 24, 1954Full Service Brick and Mortar
    215280Hinesville Branch101 West Hendry Street, Hinesville, GA 31313January 01, 1916Full Service Brick and Mortar
    3253917Stephenson Avenue Branch412 Stephenson Avenue, Savannah, GA 31405September 27, 1979Full Service Brick and Mortar
    4250335Pooler Branch501 West Highway 80, Pooler, GA 31322October 02, 1996Full Service Brick and Mortar
    5365476Rincon Branch Office5799 Highway 21 South, Rincon, GA 31326June 18, 2002Full Service Brick and Mortar
    6365582Operational Services Center Branch605 West Highway 80, Pooler, GA 31322October 31, 2002Limited Service Administrative
    9478519Godley Station Branch140 Towne Center Boulevard, Pooler, GA 31322June 02, 2008Full Service Brick and Mortar

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