United Bank of the Gulf Coast in Sarasota, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 23, 2005

  • United Bank of the Gulf Coast in Sarasota, Florida (FL)
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United Bank of the Gulf Coast - Overview

  • General
  • FDIC Certificate #: 35012
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Synovus Bank (#34172)
    Federal Reserve ID: 2772888
    Date Established: Febuary 15, 1999
    WWW: http://www.unitedbank.com
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 73836
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: Febuary 15, 1999
    Last Structure Change Effective Date: July 23, 2005
    Last Structure Change Process Date: August 05, 2005
    Last Data Update: August 05, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 1400 State Street, Sarasota, FL 34236
    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: $132.8 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, 2004)

  • Dollar figures in thousands
  • 18Total employees (full-time equivalent)
  • $128,880Total assets
  • $1,665Cash and due from depository institutions
  • $0Interest-bearing balances
  • $7,023Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $103,745Net loans & leases
  • $1,406Loan loss allowance
  • $0Trading account assets
  • $3,044Bank premises and fixed assets
  • $0Other real estate owned
  • $11,985Goodwill and other intangibles
  • $0Life insurance assets
  • $1,418All other assets
  • $128,880Total liabilities and capital
  • $107,379Total liabilities
  • $87,772Total deposits
  • $78,731Interest-bearing deposits
  • $87,772Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $19,238Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $369All other liabilities
  • $21,501Total equity capital
  • $21,501Total bank equity capital
  • $21,501Perpetual preferred stock
  • $0Common stock
  • $3,000Surplus
  • $17,925Undivided profits
  • Memoranda
  • $576Noncurrent loans and leases
  • $19,832Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $158Earning assets
  • $0Long-term assets (5+ years)
  • $366Average Assets, year-to-date
  • $110,768Average Assets, quarterly
  • $15,605Volatile liabilities
  • $109,937Insider loans
  • $121,899FHLB advances
  • $38,324Loans and leases held for sale
  • $1,203Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $19,832Total unused commitments
  • $0Restructured Loans and leases
  • $1,330Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $5,319Total interest income
  • $1,758Total interest expense
  • $3,561Net interest income
  • $300Provision for loan and lease losses
  • $67Total noninterest income
  • $0Fiduciary activities
  • $34Service charges on deposit accounts
  • $0Trading account gains & fees
  • $33Additional noninterest income
  • $2,601Total noninterest expense
  • $1,324Salaries and employee benefits
  • $562Premises and equipment expense
  • $715Additional noninterest expense
  • $727Pre-tax net operating income
  • $0Securities gains (losses)
  • $287Applicable income taxes
  • $440Income before extraordinary items
  • $0Extraordinary gains - net
  • $440Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $16Sale, conversion, retirement of capital stock, net
  • $265Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.81%Yield on earning assets
  • 1.92%Cost of funding earning assets
  • 3.89%Net interest margin
  • 0.07%Noninterest income to earning assets
  • 2.84%Noninterest expense to earning assets
  • 0.40%Net operating income to assets
  • 0.40%Return on assets (ROA)
  • 0.66%Pretax return on assets
  • 2.21%Return on equity (ROE)
  • 0.88%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 1875.00%Credit loss provision to net charge-offs
  • 64.19%Efficiency ratio
  • 70,342Assets per employee
  • 7.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 60.23%Loss allowance to loans
  • 1.34%Loss allowance to noncurrent loans
  • 889.87%Noncurrent assets plus other real estate owned to assets
  • 0.12%Noncurrent loans to loans
  • 0.15%Net loans and leases to deposits
  • 118.20%Net loans and leases to core deposits
  • 151.04%Equity capital to assets
  • 16.68%Core capital (leverage) ratio
  • 9.22%Tier 1 risk-based capital ratio
  • 8.95%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $109,937Average earning assets
  • $19,919Average equity
  • $91,568Average loans

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