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

This bank is inactive as of June 01, 2010

  • The Coastal Bank of Georgia in Brunswick, Georgia (GA)
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The Coastal Bank of Georgia - Overview

  • General
  • FDIC Certificate #: 16911
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Synovus Bank (#873)
    Federal Reserve ID: 300531
    Date Established: June 01, 1950
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Interstate: No)
    FDIC's unique #: 10996
    Numeric code: 21
    Regulator: FDIC
    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: June 01, 1950
    Last Structure Change Effective Date: June 01, 2010
    Last Structure Change Process Date: June 15, 2010
    Last Data Update: June 15, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 1500 Newcastle Street, Brunswick, GA 31520
    County: Glynn
    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
    Core Based Statistical Area (CBSA): Brunswick, GA (#15260)
    CBSA Metro Statistical Area: Brunswick, GA (#15260)
  • Financial Summary
  • Total assets: $546.3 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, 2009)

  • Dollar figures in thousands
  • 80Total employees (full-time equivalent)
  • $552,066Total assets
  • $9,641Cash and due from depository institutions
  • $123Interest-bearing balances
  • $60,213Securities
  • $19,197Federal funds sold & reverse repurchase agreements
  • $432,287Net loans & leases
  • $10,990Loan loss allowance
  • $0Trading account assets
  • $8,204Bank premises and fixed assets
  • $1,474Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $21,050All other assets
  • $552,066Total liabilities and capital
  • $507,731Total liabilities
  • $475,145Total deposits
  • $439,655Interest-bearing deposits
  • $475,145Deposits held in domestic offices
  • 81.51%% insured (estimated)
  • $29Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $30,000Other borrowed funds
  • $0Subordinated debt
  • $2,557All other liabilities
  • $44,335Total equity capital
  • $44,335Total bank equity capital
  • $44,335Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $51,363Undivided profits
  • Memoranda
  • $-8,028Noncurrent loans and leases
  • $35,829Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $23,689Earning assets
  • $0Long-term assets (5+ years)
  • $2,489Average Assets, year-to-date
  • $511,820Average Assets, quarterly
  • $56,532Volatile liabilities
  • $609,508Insider loans
  • $594,736FHLB advances
  • $84,295Loans and leases held for sale
  • $23,490Unused loan commitments
  • $30,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,266Total risk weighted assets
  • $35,829Total unused commitments
  • $562Restructured Loans and leases
  • $5,334Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $28,091Total interest income
  • $8,785Total interest expense
  • $19,306Net interest income
  • $35,381Provision for loan and lease losses
  • -$194Total noninterest income
  • $0Fiduciary activities
  • $1,601Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,795Additional noninterest income
  • $11,779Total noninterest expense
  • $4,761Salaries and employee benefits
  • $1,432Premises and equipment expense
  • $5,586Additional noninterest expense
  • -$28,048Pre-tax net operating income
  • $168Securities gains (losses)
  • -$7,067Applicable income taxes
  • -$20,813Income before extraordinary items
  • $0Extraordinary gains - net
  • -$20,813Net income attributable to bank
  • $0Net charge-offs
  • -$20,813Cash dividends
  • $32,769Sale, conversion, retirement of capital stock, net
  • $364Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.88%Yield on earning assets
  • 1.53%Cost of funding earning assets
  • 3.35%Net interest margin
  • -0.03%Noninterest income to earning assets
  • 2.05%Noninterest expense to earning assets
  • -3.44%Net operating income to assets
  • -3.41%Return on assets (ROA)
  • -4.57%Pretax return on assets
  • -44.43%Return on equity (ROE)
  • -45.21%Retained earnings to average equity (YTD only)
  • 6.65%Net charge-offs to loans
  • 107.97%Credit loss provision to net charge-offs
  • 0.22%Efficiency ratio
  • 61,631Assets per employee
  • 6.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -1.75%Loss allowance to loans
  • 2.48%Loss allowance to noncurrent loans
  • 46.39%Noncurrent assets plus other real estate owned to assets
  • 4.56%Noncurrent loans to loans
  • 5.34%Net loans and leases to deposits
  • 90.98%Net loans and leases to core deposits
  • 105.21%Equity capital to assets
  • 8.03%Core capital (leverage) ratio
  • 7.33%Tier 1 risk-based capital ratio
  • 10.14%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $609,508Average earning assets
  • $46,846Average equity
  • $575,568Average loans

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