Riverside Bank of the Gulf Coast in Cape Coral, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 13, 2009

  • Riverside Bank of the Gulf Coast in Cape Coral, Florida (FL)
  • Show street view No street view available for this location

Riverside Bank of the Gulf Coast - Overview

  • General
  • FDIC Certificate #: 34563
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: TIB Bank (#21435)
    Federal Reserve ID: 2616076
    Date Established: December 15, 1997
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 15 (Interstate: No)
    FDIC's unique #: 59071
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: December 15, 1997
    Last Structure Change Effective Date: Febuary 13, 2009
    Last Structure Change Process Date: Febuary 17, 2009
    Last Data Update: Febuary 17, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 2107 Santa Barbara Boulevard, Cape Coral, FL 33990
    County: Lee
    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): Fort Myers-Cape Coral, FL (#2700)
    Core Based Statistical Area (CBSA): Cape Coral-Fort Myers, FL (#15980)
    CBSA Metro Statistical Area: Cape Coral-Fort Myers, FL (#15980)
  • Financial Summary
  • Total assets: $523.7 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, 2008)

  • Dollar figures in thousands
  • 125Total employees (full-time equivalent)
  • $523,673Total assets
  • $77,619Cash and due from depository institutions
  • $71,088Interest-bearing balances
  • $47,496Securities
  • $162Federal funds sold & reverse repurchase agreements
  • $358,398Net loans & leases
  • $15,139Loan loss allowance
  • $0Trading account assets
  • $25,877Bank premises and fixed assets
  • $4,630Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $9,491All other assets
  • $523,673Total liabilities and capital
  • $526,268Total liabilities
  • $422,708Total deposits
  • $383,860Interest-bearing deposits
  • $422,708Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $880Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $100,705Other borrowed funds
  • $0Subordinated debt
  • $1,975All other liabilities
  • $-2,595Total equity capital
  • $-2,595Total bank equity capital
  • $-2,595Perpetual preferred stock
  • $0Common stock
  • $2,500Surplus
  • $36,473Undivided profits
  • Memoranda
  • $-41,568Noncurrent loans and leases
  • $40,087Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $50,395Earning assets
  • $0Long-term assets (5+ years)
  • $1,661Average Assets, year-to-date
  • $477,144Average Assets, quarterly
  • $152,639Volatile liabilities
  • $557,661Insider loans
  • $539,059FHLB advances
  • $204,127Loans and leases held for sale
  • $507Unused loan commitments
  • $100,705Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $78Total risk weighted assets
  • $40,087Total unused commitments
  • $53,259Restructured Loans and leases
  • $4,708Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $26,302Total interest income
  • $18,112Total interest expense
  • $8,190Net interest income
  • $43,199Provision for loan and lease losses
  • $3,781Total noninterest income
  • $0Fiduciary activities
  • $3,338Service charges on deposit accounts
  • $0Trading account gains & fees
  • $443Additional noninterest income
  • $18,328Total noninterest expense
  • $8,286Salaries and employee benefits
  • $2,761Premises and equipment expense
  • $7,281Additional noninterest expense
  • -$49,556Pre-tax net operating income
  • $313Securities gains (losses)
  • $0Applicable income taxes
  • -$49,243Income before extraordinary items
  • $0Extraordinary gains - net
  • -$49,243Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $32,126Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.51%Yield on earning assets
  • 3.79%Cost of funding earning assets
  • 1.72%Net interest margin
  • 0.79%Noninterest income to earning assets
  • 3.84%Noninterest expense to earning assets
  • -8.89%Net operating income to assets
  • -8.83%Return on assets (ROA)
  • -8.83%Pretax return on assets
  • -201.68%Return on equity (ROE)
  • -201.68%Retained earnings to average equity (YTD only)
  • 8.07%Net charge-offs to loans
  • 134.47%Credit loss provision to net charge-offs
  • -0.20%Efficiency ratio
  • 153,103Assets per employee
  • 4.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.05%Loss allowance to noncurrent loans
  • 30.04%Noncurrent assets plus other real estate owned to assets
  • 10.51%Noncurrent loans to loans
  • 13.49%Net loans and leases to deposits
  • 84.79%Net loans and leases to core deposits
  • 140.46%Equity capital to assets
  • -0.50%Core capital (leverage) ratio
  • 1.23%Tier 1 risk-based capital ratio
  • 1.78%Total risk-based capital ratio
  • Memoranda
  • $3Average assets
  • $557,661Average earning assets
  • $24,417Average equity
  • $477,441Average loans

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Riverside Bank of the Gulf Coast.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents