West Coast Guaranty Bank, National Association in Sarasota, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 20, 2001

  • West Coast Guaranty Bank, National Association in Sarasota, Florida (FL)
  • Show street view No street view available for this location

West Coast Guaranty Bank, National Association - Overview

  • General
  • FDIC Certificate #: 27030
    Status: Inactive
    Federal Reserve ID: 295833
    Date Established: August 19, 1987
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 38484
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: August 19, 1987
    Last Structure Change Effective Date: Febuary 20, 2001
    Last Structure Change Process Date: May 08, 2001
    Last Data Update: May 08, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 3700 South Tamiami Trail, Sarasota, FL 34239
    County: Sarasota
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: New York
    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)
  • History of Changes
  • Other Liquidations and Closings
    Change in Insurance Status
  • Financial Summary
  • Total assets: $273.8 mil

1992 - 1999 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, 2000)

  • Dollar figures in thousands
  • 90Total employees (full-time equivalent)
  • $273,795Total assets
  • $8,786Cash and due from depository institutions
  • $61Interest-bearing balances
  • $44,329Securities
  • $20,800Federal funds sold & reverse repurchase agreements
  • $185,718Net loans & leases
  • $2,657Loan loss allowance
  • $0Trading account assets
  • $5,550Bank premises and fixed assets
  • $0Other real estate owned
  • $240Goodwill and other intangibles
  • $0Life insurance assets
  • $8,372All other assets
  • $273,795Total liabilities and capital
  • $254,224Total liabilities
  • $225,125Total deposits
  • $183,353Interest-bearing deposits
  • $225,125Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $19,148Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $7,100Other borrowed funds
  • $0Subordinated debt
  • $2,851All other liabilities
  • $19,571Total equity capital
  • $19,571Total bank equity capital
  • $19,571Perpetual preferred stock
  • $0Common stock
  • $2,799Surplus
  • $9,037Undivided profits
  • Memoranda
  • $7,735Noncurrent loans and leases
  • $41,926Noncurrent 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)
  • $948Average Assets, year-to-date
  • $250,908Average Assets, quarterly
  • $23,175Volatile liabilities
  • $276,543Insider loans
  • $277,467FHLB advances
  • $53,619Loans and leases held for sale
  • $4,381Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $41,926Total unused commitments
  • $0Restructured Loans and leases
  • $2,547Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $19,964Total interest income
  • $9,897Total interest expense
  • $10,067Net interest income
  • $269Provision for loan and lease losses
  • $3,092Total noninterest income
  • $900Fiduciary activities
  • $1,355Service charges on deposit accounts
  • $0Trading account gains & fees
  • $837Additional noninterest income
  • $9,731Total noninterest expense
  • $4,337Salaries and employee benefits
  • $1,567Premises and equipment expense
  • $3,827Additional noninterest expense
  • $3,159Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,044Applicable income taxes
  • $2,115Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,115Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $33Sale, conversion, retirement of capital stock, net
  • $870Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.98%Yield on earning assets
  • 3.95%Cost of funding earning assets
  • 4.02%Net interest margin
  • 1.24%Noninterest income to earning assets
  • 3.89%Noninterest expense to earning assets
  • 0.76%Net operating income to assets
  • 0.76%Return on assets (ROA)
  • 1.14%Pretax return on assets
  • 11.24%Return on equity (ROE)
  • 6.61%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 815.15%Credit loss provision to net charge-offs
  • 103.88%Efficiency ratio
  • 73,949Assets per employee
  • 3.04%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 41.13%Loss allowance to loans
  • 1.41%Loss allowance to noncurrent loans
  • 1681.65%Noncurrent assets plus other real estate owned to assets
  • 0.06%Noncurrent loans to loans
  • 0.08%Net loans and leases to deposits
  • 82.50%Net loans and leases to core deposits
  • 93.91%Equity capital to assets
  • 7.15%Core capital (leverage) ratio
  • 7.10%Tier 1 risk-based capital ratio
  • 9.62%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $276,543Average earning assets
  • $18,823Average equity
  • $250,264Average 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 West Coast Guaranty Bank, National Association.
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