FDIC Certificate #: 58131 Status: Active Federal Reserve ID: 3447455 Date Established: June 05, 2006 WWW:http://www.bankofcoralgables.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 440179 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: June 05, 2006 Last Structure Change Effective Date: Febuary 13, 2007 Last Structure Change Process Date: Febuary 16, 2007 Last Data Update: Febuary 16, 2007 Data Source Date: April 05, 2012
Location
Address: 2295 Galiano Street, Coral Gables, FL 33134 County: Miami-Dade Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: South Florida Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Miami, FL (#5000) Consolidated Metropolitan Statistical Area (CMSA): Miami-Fort Lauderdale, FL (#56) Core Based Statistical Area (CBSA): Miami-Fort Lauderdale-Pompano Beach, FL (#33100) CBSA Metro Statistical Area: Miami-Fort Lauderdale-Pompano Beach, FL (#33100) Core Based Statistical Division: Miami-Miami Beach-Kendall, FL (#33124)
History of Changes
Change in Location
Financial Summary
Total assets: $115.4 mil Equity capital: $7.2 mil Deposits held in domestic offices: $107.6 mil Return on assets (ROA): -2.50% (-$2.9 mil) Quarterly return on assets: -2.07% (-$2.4 mil) Return on Equity (ROE): -39.83% (-$2.8 mil) Quarterly return on equity: -32.96% (-$2.3 mil) Net income: -$3.4 mil Quarterly Net income: -$0.6 mil Pretax return on assets: -2.62% (-$3,023.2 mil) Quarterly Pretax return on assets: -2.64% (-$3,046.3 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
25Total employees (full-time equivalent)
$115,389Total assets
$9,352Cash and due from depository institutions
$8,595Interest-bearing balances
$26,394Securities
$0Federal funds sold & reverse repurchase agreements
$74,703Net loans & leases
$3,646Loan loss allowance
$0Trading account assets
$155Bank premises and fixed assets
$3,650Other real estate owned
$0Goodwill and other intangibles
$115,389Life insurance assets
$1,135All other assets
$108,216Total liabilities and capital
$107,638Total liabilities
$95,515Total deposits
$107,638Interest-bearing deposits
$96Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$578Subordinated debt
$7,173All other liabilities
$7,173Total equity capital
$7,173Total bank equity capital
$0Perpetual preferred stock
$12,173Common stock
$10,120Surplus
$-15,120Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$5,799Income earned, not collected on loans
$0Earning assets
$646Long-term assets (5+ years)
$109,692Average Assets, year-to-date
$16,049Average Assets, quarterly
$134,904Volatile liabilities
$118,448Insider loans
$72,641FHLB advances
$119,471Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$6,897Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$4,033Restructured Loans and leases
$4,297Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$5,515Total interest income
$1,394Total interest expense
$4,121Net interest income
$2,438Provision for loan and lease losses
-$354Total noninterest income
$0Fiduciary activities
$96Service charges on deposit accounts
$0Trading account gains & fees
-$450Additional noninterest income
$5,548Total noninterest expense
$2,223Salaries and employee benefits
$438Premises and equipment expense
$2,887Additional noninterest expense
-$4,219Pre-tax net operating income
$678Securities gains (losses)
-$167Applicable income taxes
-$3,374Income before extraordinary items
$0Extraordinary gains - net
-$3,374Net income attributable to bank
$0Net charge-offs
-$3,374Cash dividends
$2,214Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.29%Yield on earning assets
1.08%Cost of funding earning assets
3.21%Net interest margin
-0.28%Noninterest income to earning assets
4.32%Noninterest expense to earning assets
-2.98%Net operating income to assets
-2.50%Return on assets (ROA)
-2.62%Pretax return on assets
-39.83%Return on equity (ROE)
-39.83%Retained earnings to average equity (YTD only)
2.50%Net charge-offs to loans
110.12%Credit loss provision to net charge-offs
-0.80%Efficiency ratio
147,279Assets per employee
4.62%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.65%Loss allowance to noncurrent loans
62.87%Noncurrent assets plus other real estate owned to assets
8.19%Noncurrent loans to loans
7.40%Net loans and leases to deposits
69.40%Net loans and leases to core deposits
76.85%Equity capital to assets
6.22%Core capital (leverage) ratio
5.77%Tier 1 risk-based capital ratio
9.49%Total risk-based capital ratio
Memoranda
$11Average assets
$134,904Average earning assets
$8,472Average equity
$128,553Average loans
List of branches
1 Florida Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
440179
Bank Of Coral Gables
2295 Galiano Street, Coral Gables, FL 33134
June 05, 2006
Full Service Brick and Mortar
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