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

This bank is inactive as of Febuary 22, 1993

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

  • General
  • FDIC Certificate #: 30575
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SunTrust Bank, Gulf Coast (#16882)
    Federal Reserve ID: 594479
    Date Established: June 13, 1952
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 5575
    FDIC's unique #: 43409
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: June 13, 1952
    Last Structure Change Effective Date: Febuary 22, 1993
    Last Structure Change Process Date: March 11, 1993
    Last Data Update: March 11, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 1777 Main Street, Sarasota, FL 33577
    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: $1,287.6 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $311Total assets
  • $1,287,573Cash and due from depository institutions
  • $30,152Interest-bearing balances
  • $19,661Securities
  • $542,891Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $589,180Loan loss allowance
  • $5,342Trading account assets
  • $0Bank premises and fixed assets
  • $15,738Other real estate owned
  • $3,061Goodwill and other intangibles
  • $61,360Life insurance assets
  • $45,191All other assets
  • $0Total liabilities and capital
  • $1,287,573Total liabilities
  • $1,205,128Total deposits
  • $949,047Interest-bearing deposits
  • $928,266Deposits held in domestic offices
  • 949047.00%% insured (estimated)
  • $97Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $246,515Subordinated debt
  • $0All other liabilities
  • $9,566Total equity capital
  • $9,566Total bank equity capital
  • $82,445Perpetual preferred stock
  • $0Common stock
  • $40Surplus
  • $40,497Undivided profits
  • Memoranda
  • $41,908Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,423Income earned, not collected on loans
  • $3,076Earning assets
  • $1,151,732Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $1,157,089Average Assets, quarterly
  • $1,253,006Volatile liabilities
  • $349,263Insider loans
  • $0FHLB advances
  • $246,515Loans and leases held for sale
  • $0Unused loan commitments
  • $14,812Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $40,854Total risk weighted assets
  • $510,724Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $82,365Total interest expense
  • $49,516Net interest income
  • $32,849Provision for loan and lease losses
  • $1,705Total noninterest income
  • $7,161Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $7,161Total noninterest expense
  • $23,228Salaries and employee benefits
  • $9,418Premises and equipment expense
  • $5,069Additional noninterest expense
  • $8,741Pre-tax net operating income
  • $15,077Securities gains (losses)
  • $42Applicable income taxes
  • $5,660Income before extraordinary items
  • $9,459Extraordinary gains - net
  • $0Net income attributable to bank
  • $9,459Net charge-offs
  • $433Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.04%Cost of funding earning assets
  • 4.83%Net interest margin
  • 3.21%Noninterest income to earning assets
  • 0.70%Noninterest expense to earning assets
  • 2.27%Net operating income to assets
  • 0.82%Return on assets (ROA)
  • 0.82%Pretax return on assets
  • 1.31%Return on equity (ROE)
  • 12.21%Retained earnings to average equity (YTD only)
  • 12.21%Net charge-offs to loans
  • 0.07%Credit loss provision to net charge-offs
  • 393.76%Efficiency ratio
  • 54,226Assets per employee
  • 4.14%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.90%Loss allowance to noncurrent loans
  • 83.17%Noncurrent assets plus other real estate owned to assets
  • 0.74%Noncurrent loans to loans
  • 1.08%Net loans and leases to deposits
  • 62.08%Net loans and leases to core deposits
  • 69.62%Equity capital to assets
  • 6.40%Core capital (leverage) ratio
  • 3.30%Tier 1 risk-based capital ratio
  • 8.00%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $1,157,089Average earning assets
  • $77,468Average equity
  • $1,024,697Average loans

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