1 star ratingAverage User Rating:
1 star rating based on 2 reviews.

Gulf Coast Bank

Gulf Coast Bank Locations
221 South State Street
Abbeville, LA 70510
www.gcbank.com

Gulf Coast Bank is headquartered in Abbeville and is the 38th largest bank in the state of Louisiana. It is also the 1,982nd largest bank in the nation. It was established in 1971 and as of March of 2012, it had grown to 141 employees at 15 locations. Gulf Coast Bank has a 4-star health rating.

Gulf Coast Bank Routing Number: 065201860


Data for Q1 2012


Institution Statistics


Gulf Coast Bank
FDIC Certificate #20353
BankRate ReportView
Year Established1971
Employees141
Primary RegulatorFDIC

Assets and Liabilities

Assets$328.61 million
Loans$215.71 million
Deposits$285.26 million
Equity Capital$41.80 million
Loan Loss Allowance$2.49 million
Unbacked Noncurrent Loans$4.76 million
Real Estate Owned$246,000

Historic Data - March 2011

Assets$299.68 million
Equity Capital$39.75 million
Loan Loss Allowance$2.54 million
Unbacked Noncurrent Loans$1.39 million
Real Estate Owned$608,000

Profit Margin - Quarterly

Net Interest Margin4.64%
Return on Assets1.56%
Return on Equity12.22%
Interest Income$3.81 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Gulf Coast Bank had $5 million in non-current loans and owned real-estate with $44.29 million in equity and loan loss allowances on hand to cover it. This gives Gulf Coast Bank a Texas Ratio of 11.29% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for Gulf Coast Bank increased slightly from 4.84% as of March 31, 2011 to 11.29% as of March 31, 2012, resulting in a negative change of 133.13%. This indicates that the balance sheet and financial strength for Gulf Coast Bank has declined slightly in recent periods.
Deposit Growth5
In the past year, Gulf Coast Bank has increased its total deposits by $26.52 million, resulting in 10.25% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Gulf Coast Bank has shown is excellent.
Capitalization5
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Gulf Coast Bank has $328.6 million in assets with $44.29 million in equity, resulting in a capitalization level of 13.48%, which is excellent.
Write Review

Would Not Recommend This Bank To Anyone!!!
1 stars - JSS - Tuesday, February 28, 2012 - 7:26 AM

 I cannot even believe the banks online system. It's a common problem for their system to be full of "Glitches". Glitches which cause me to be hit with invalid nsf fees. Ridiculous! It seems to me that this is a very convient way for the bank to make extra money. Example: I made a deposit on Friday afternoon & did some shopping over the weekend-- my deposit is showing online as being made on Monday with my shopping before the weekend. Which has caused a $80 NSF charge on my acct. This is not the first time, but it will be the last.. I wouldn't recommend this bank to anyone!! 

2

I CANNOT BELIEVE
1 stars - tiffanymrc - Friday, February 3, 2012 - 9:57 AM

THIS IS REVIEW IS NOT DIRECTED TOWARD ANYONE NOR WILL IT BE RUDE. I JUST WOULD LIKE TO KNOW THAT AFTER DOING BUSINESS w/h GCB FOR MORE THAN 20 YEARS NOW HOW IT IS POSSIBLE THAT WE WERE DENIED THE RIGHT TO CASH A CHECK LOWER THAN 1400.00 b/c OUR ACCOUNT HAD BEEN OVERDRAWN EVEN THOUGH WE HAVE OVERDRAFT PROTECTION PLAN IN PLACE NOW FOR AS LONG AS I CAN REMEMBER. IT SEEMS TO ME AS THOUGH THIS DENIAL WAS PUT IN PLACE FOR OVERDRAFT CHARGES TO KEEP PROCESSING. SINCERELY DISAPPOINTED

2
 
Featured Accounts
Nationwide Savings Accounts