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Overview / Commentary
2455 North Citrus Hills Boulevard
Hernando, FL 34442

Nature Coast Bank is headquartered in Hernando and is the 193rd largest bank in the state of Florida. It is also the 5,820th largest bank in the nation. It was established in 2005 and as of December of 2013, it had grown to 16 employees at 2 locations. Nature Coast Bank has a C+ health rating.

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Health

Data for Q4 2013

Institution Health

C+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Nature Coast Bank has a relatively low asset base.

Texas Ratio

GRADE:
C

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 December 31, 2013 Nature Coast Bank had $2.55 million in non-current loans and owned real-estate with $8.27 million in equity and loan loss allowances on hand to cover it. This gives Nature Coast Bank a Texas Ratio of 30.89% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Nature Coast Bank experienced no significant changes from 27.60% as of December 31, 2012 to 30.89% as of December 31, 2013, resulting in a negative change of 11.90%. This indicates that the balance sheet and financial strength for Nature Coast Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Nature Coast Bank has decreased its total deposits by -$2.32 million, resulting in -4.45% 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 Nature Coast Bank has shown is below average.

Capitalization

GRADE:
A+

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. Nature Coast Bank has $57.21 million in assets with $8.27 million in equity, resulting in a capitalization level of 14.45%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #57773
Year Established2005
Employees16
Primary RegulatorFDIC
Assets and Liabilities
Assets$57.21 million
Loans$39.28 million
Deposits$49.88 million
Equity Capital$7.29 million
Loan Loss Allowance$976,000
Unbacked Noncurrent Loans$419,000
Real Estate Owned$2.13 million
Historic Data - December 2012
Assets$59.39 million
Equity Capital$7.15 million
Loan Loss Allowance$987,000
Unbacked Noncurrent Loans$419,000
Real Estate Owned$1.65 million
Profit Margin - Quarterly
Net Interest Margin3.99%
Return on Assets0.36%
Return on Equity2.9%
Interest Income$2.25 million
Rates

Sorry, we do not have rate data for Nature Coast Bank

Locations


Nature Coast Bank Locations
Crystal River Branch01160 N. Suncoast BlvdCrystal River, FL 34429
Nature Coast Bank2455 North Citrus Hills BoulevardHernando, FL 34442