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

This bank is inactive as of Febuary 16, 1999

  • West Coast Bank in Sarasota, Florida (FL)
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West Coast Bank - Overview

  • General
  • FDIC Certificate #: 27243
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: West Coast Guaranty Bank, National Association (#27030)
    Federal Reserve ID: 1187654
    Date Established: April 15, 1988
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    OTS Docket #: 10987
    FDIC's unique #: 39183
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: April 15, 1988
    Last Structure Change Effective Date: Febuary 16, 1999
    Last Structure Change Process Date: March 23, 1999
    Last Data Update: March 23, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 2035 Cattlemen Road, Sarasota, FL 34232
    County: Sarasota
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: New York
    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: $118.9 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 33Total employees (full-time equivalent)
  • $118,856Total assets
  • $9,926Cash and due from depository institutions
  • $0Interest-bearing balances
  • $16,360Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $85,774Net loans & leases
  • $1,227Loan loss allowance
  • $0Trading account assets
  • $2,384Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $4,412All other assets
  • $118,856Total liabilities and capital
  • $109,501Total liabilities
  • $93,481Total deposits
  • $74,845Interest-bearing deposits
  • $93,481Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $5,177Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $10,000Other borrowed funds
  • $0Subordinated debt
  • $843All other liabilities
  • $9,355Total equity capital
  • $9,355Total bank equity capital
  • $9,355Perpetual preferred stock
  • $0Common stock
  • $1,171Surplus
  • $2,070Undivided profits
  • Memoranda
  • $6,114Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $197Earning assets
  • $49Long-term assets (5+ years)
  • $368Average Assets, year-to-date
  • $102,134Average Assets, quarterly
  • $17,632Volatile liabilities
  • $114,765Insider loans
  • $116,938FHLB advances
  • $16,694Loans and leases held for sale
  • $2,175Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,528Total risk weighted assets
  • $18,355Total unused commitments
  • $0Restructured Loans and leases
  • $84,255Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $8,466Total interest income
  • $4,018Total interest expense
  • $4,448Net interest income
  • $207Provision for loan and lease losses
  • $1,019Total noninterest income
  • $0Fiduciary activities
  • $510Service charges on deposit accounts
  • $0Trading account gains & fees
  • $509Additional noninterest income
  • $3,394Total noninterest expense
  • $1,535Salaries and employee benefits
  • $468Premises and equipment expense
  • $1,391Additional noninterest expense
  • $1,866Pre-tax net operating income
  • $0Securities gains (losses)
  • $710Applicable income taxes
  • $1,156Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,156Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $8Sale, conversion, retirement of capital stock, net
  • $687Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.09%Yield on earning assets
  • 3.84%Cost of funding earning assets
  • 4.25%Net interest margin
  • 0.97%Noninterest income to earning assets
  • 3.24%Noninterest expense to earning assets
  • 1.01%Net operating income to assets
  • 1.01%Return on assets (ROA)
  • 1.63%Pretax return on assets
  • 12.55%Return on equity (ROE)
  • 5.09%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 2587.50%Credit loss provision to net charge-offs
  • 259.13%Efficiency ratio
  • 62,082Assets per employee
  • 3.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 59.43%Loss allowance to loans
  • 1.41%Loss allowance to noncurrent loans
  • 622.84%Noncurrent assets plus other real estate owned to assets
  • 0.17%Noncurrent loans to loans
  • 0.23%Net loans and leases to deposits
  • 91.76%Net loans and leases to core deposits
  • 104.65%Equity capital to assets
  • 7.87%Core capital (leverage) ratio
  • 7.89%Tier 1 risk-based capital ratio
  • 11.08%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $114,765Average earning assets
  • $9,211Average equity
  • $104,703Average loans

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