Intracoastal Bank in city_name, state_name - Detailed Financial Reports, Location

Intracoastal Bank in Palm Coast, Florida (FL)
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Intracoastal Bank routing number info

Intracoastal Bank - Overview

General
FDIC Certificate #: 58692
Status: Active
Federal Reserve ID: 3786435
Date Established: June 16, 2008
WWW: http://www.intracoastalbank.net
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 463041
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: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: June 16, 2008
Last Structure Change Effective Date: August 11, 2009
Last Structure Change Process Date: August 11, 2009
Last Data Update: August 11, 2009
Data Source Date: April 05, 2012
Location
Address: 1290 Palm Coast Parkway Nw, Palm Coast, FL 32137
County: Flagler
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Gainesville
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Daytona Beach, FL (#2020)
Combined Statistical Area (CSA): Orlando-Deltona-Daytona Beach, FL (#422)
Core Based Statistical Area (CBSA): Palm Coast, FL (#37380)
CBSA Metro Statistical Area: Palm Coast, FL (#37380)
History of Changes
Change in Geographic Region/Area/Territory/Field Office
Financial Summary
Total assets: $155.0 mil
Equity capital: $16.2 mil
Deposits held in domestic offices: $138.4 mil
Return on assets (ROA): 1.09% ($1.7 mil)
Quarterly return on assets: 0.88% ($1.4 mil)
Return on Equity (ROE): 10.03% ($1.6 mil)
Quarterly return on equity: 8.23% ($1.3 mil)
Net income: $1.5 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 1.09% ($1,689.5 mil)
Quarterly Pretax return on assets: 0.88% ($1,364.0 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
21Total employees (full-time equivalent)
$154,998Total assets
$21,444Cash and due from depository institutions
$17,736Interest-bearing balances
$49,780Securities
$0Federal funds sold & reverse repurchase agreements
$77,170Net loans & leases
$1,030Loan loss allowance
$0Trading account assets
$3,565Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$154,997Life insurance assets
$3,039All other assets
$138,795Total liabilities and capital
$138,371Total liabilities
$112,223Total deposits
$138,371Interest-bearing deposits
$84Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$424Subordinated debt
$16,202All other liabilities
$16,202Total equity capital
$16,202Total bank equity capital
$0Perpetual preferred stock
$7,082Common stock
$7,275Surplus
$1,845Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$610Long-term assets (5+ years)
$144,686Average Assets, year-to-date
$59,623Average Assets, quarterly
$135,209Volatile liabilities
$150,400Insider loans
$92,384FHLB advances
$151,293Loans and leases held for sale
$1,989Unused loan commitments
$0Tier 1 (core) risk-based capital
$15,490Tier 2 risk-based capital
$0Total risk weighted assets
$1,989Total unused commitments
$8,527Restructured Loans and leases
$8,758Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$5,491Total interest income
$1,064Total interest expense
$4,427Net interest income
$201Provision for loan and lease losses
$199Total noninterest income
$0Fiduciary activities
$43Service charges on deposit accounts
$0Trading account gains & fees
$156Additional noninterest income
$3,142Total noninterest expense
$1,673Salaries and employee benefits
$335Premises and equipment expense
$1,134Additional noninterest expense
$1,283Pre-tax net operating income
$187Securities gains (losses)
$0Applicable income taxes
$1,470Income before extraordinary items
$0Extraordinary gains - net
$1,470Net income attributable to bank
$0Net charge-offs
$1,470Cash dividends
$3Sale, conversion, retirement of capital stock, net
$510Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.40%Yield on earning assets
0.85%Cost of funding earning assets
3.55%Net interest margin
0.16%Noninterest income to earning assets
2.52%Noninterest expense to earning assets
0.95%Net operating income to assets
1.09%Return on assets (ROA)
1.09%Pretax return on assets
10.03%Return on equity (ROE)
6.55%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
6700.00%Credit loss provision to net charge-offs
494.67%Efficiency ratio
67,920Assets per employee
7.38%Cash dividends to net income (YTD only)
Condition Ratios (%)
34.69%Loss allowance to loans
1.32%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
55.77%Net loans and leases to core deposits
62.66%Equity capital to assets
10.45%Core capital (leverage) ratio
10.24%Tier 1 risk-based capital ratio
16.77%Total risk-based capital ratio
Memoranda
$18Average assets
$135,209Average earning assets
$14,663Average equity
$124,855Average loans

List of branches

2 Florida Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	463041	Intracoastal Bank	1290 Palm Coast Parkway Nw, Palm Coast, FL 32137	June 16, 2008	Full Service Brick and Mortar
1	482170	Courier Service	1290 Palm Coast Parkway, Palm Coast, FL 32137	June 16, 2008	Limited Service Messenger

Intracoastal Bank in Palm Coast, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Intracoastal Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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Intracoastal Bank in Palm Coast, Florida (FL)Overview, Financial Summary, Detailed Financial Reports, Branches

Intracoastal Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Intracoastal Bank in Palm Coast, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches