Gold Bank in Bradenton, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 01, 2004

  • Gold Bank in Bradenton, Florida (FL)
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Gold Bank - Overview

  • General
  • FDIC Certificate #: 27501
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Gold Bank (#13155)
    Federal Reserve ID: 1394667
    Date Established: May 08, 1989
    WWW: http://www.ambankfl.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 11 (Interstate: No)
    OTS Docket #: 12605
    FDIC's unique #: 40234
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: May 08, 1989
    Last Structure Change Effective Date: September 01, 2004
    Last Structure Change Process Date: September 16, 2004
    Last Data Update: September 16, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 4502 Cortez Road West, Bradenton, FL 34280
    County: Manatee
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Kansas City
    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: $910.4 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, 2003)

  • Dollar figures in thousands
  • 167Total employees (full-time equivalent)
  • $821,036Total assets
  • $16,968Cash and due from depository institutions
  • $37Interest-bearing balances
  • $200,563Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $567,473Net loans & leases
  • $5,620Loan loss allowance
  • $0Trading account assets
  • $11,780Bank premises and fixed assets
  • $0Other real estate owned
  • $57Goodwill and other intangibles
  • $0Life insurance assets
  • $24,195All other assets
  • $821,036Total liabilities and capital
  • $763,887Total liabilities
  • $595,827Total deposits
  • $496,403Interest-bearing deposits
  • $595,827Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $93,162Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $69,753Other borrowed funds
  • $0Subordinated debt
  • $5,145All other liabilities
  • $57,149Total equity capital
  • $57,149Total bank equity capital
  • $57,149Perpetual preferred stock
  • $0Common stock
  • $2,797Surplus
  • $36,930Undivided profits
  • Memoranda
  • $17,422Noncurrent loans and leases
  • $243,051Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,139Earning assets
  • $0Long-term assets (5+ years)
  • $3,248Average Assets, year-to-date
  • $768,073Average Assets, quarterly
  • $189,337Volatile liabilities
  • $763,756Insider loans
  • $807,735FHLB advances
  • $184,477Loans and leases held for sale
  • $8,340Unused loan commitments
  • $69,753Tier 1 (core) risk-based capital
  • $60,000Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $243,051Total unused commitments
  • $396Restructured Loans and leases
  • $5,620Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $38,791Total interest income
  • $16,041Total interest expense
  • $22,750Net interest income
  • $1,874Provision for loan and lease losses
  • $6,866Total noninterest income
  • $58Fiduciary activities
  • $2,602Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,206Additional noninterest income
  • $20,085Total noninterest expense
  • $9,675Salaries and employee benefits
  • $2,634Premises and equipment expense
  • $7,776Additional noninterest expense
  • $7,657Pre-tax net operating income
  • -$127Securities gains (losses)
  • $2,323Applicable income taxes
  • $5,207Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,207Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $959Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.51%Yield on earning assets
  • 2.28%Cost of funding earning assets
  • 3.23%Net interest margin
  • 0.97%Noninterest income to earning assets
  • 2.85%Noninterest expense to earning assets
  • 0.69%Net operating income to assets
  • 0.68%Return on assets (ROA)
  • 0.99%Pretax return on assets
  • 9.59%Return on equity (ROE)
  • 9.59%Retained earnings to average equity (YTD only)
  • 0.19%Net charge-offs to loans
  • 195.41%Credit loss provision to net charge-offs
  • 9.94%Efficiency ratio
  • 67,818Assets per employee
  • 4.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.98%Loss allowance to noncurrent loans
  • 493.42%Noncurrent assets plus other real estate owned to assets
  • 0.14%Noncurrent loans to loans
  • 0.20%Net loans and leases to deposits
  • 95.24%Net loans and leases to core deposits
  • 112.48%Equity capital to assets
  • 6.96%Core capital (leverage) ratio
  • 7.16%Tier 1 risk-based capital ratio
  • 9.15%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $763,756Average earning assets
  • $54,275Average equity
  • $704,531Average loans

Total Fiduciary and Related Assets (December 31, 2003)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $27,078Managed Assets
  • 1Number of Accounts
  • $27,078Personal trust and agency accounts
  • $1,185Employee benefit-defined contribution accounts
  • $99Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $6,473Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $19,321Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 54Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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