Gulf State Community Bank
Carrabelle, FL — Non-member Bank
Acquired Nov 2010
Vitals
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Total Assets112.1M -4.3 %
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Total Deposits112.2M 1.9 %
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Total Net Loans70.3M -14.5 %
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Net Income-4286000.0000
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Book Value-324000.0000 -104.8 %
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Book Value x2-648000.0000 -104.8 %
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Book Value x3-972000.0000 -104.8 %
Balance Sheet Highlights
| Financial Highlights | Gulf State Community Bank | All Insured Commercial Banks in Florida |
| Balance Sheet $(000) | ||
| Total Assets | 112,144 | 302,301 |
| Total Net Loans | 70,275 | 191,701 |
| Total Deposits | 112,193 | 250,639 |
| Total Equity | -324 | 28,304 |
| Profitability | ||
| Net Income | -4,286 | -1,607 |
| Return on Average Assets | -4.804 | -.957 |
| Return on Average Equity | -298.643 | -12.301 |
| Net Interest Margin | 2.836 | 3.374 |
| Efficiency Ratio | 286.604 | 95.931 |
| Noninterest Income/Revenue | -18.468 | 8.585 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 62.638 | 76.927 |
| Securities/Assets | .097 | .157 |
| Total Equity/Total Assets | -.003 | .094 |
| Tangible Equity/Tangible Assets | -.003 | .093 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | -621 | 25,373 |
| Tier 2 Capital | — | 2,569 |
| Total Capital | -621 | 28,055 |
| Total Risk Weighted Assets | 86,263 | 205,142 |
| Leverage Ratio | -.53 | 8.911 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | -.72 | 13.042 |
| Total Capital Ratio | -.72 | 14.355 |
Timeline for Gulf State Community Bank
Gulf State Community Bank was acquired by 13 years
Nov 20 2010
Centennial Bank
Gulf State Community Bank was acquired by Centennial Bank 13 years
View Profile Nov 20 2010
Cook Insurance Agency, Inc.
Cook Insurance Agency, Inc. became a new subsidiary organization for Gulf State Community Bank.
View Profile Apr 15 2003
Gulf State Bancorp
Gulf State Bancorp became a new parent organization for Gulf State Community Bank.
View Profile Sep 02 1983
Gulf State Community Bank
Gulf State Community Bank was established 53 years ago and is currently headquartered in Carrabelle, FL.
Jan 06 1971| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Centennial Bank | Buyer | 9,751,545 | Failure | 11/20/2010 |
| Relationships | Role | Relationship Start | Relationship End |
| Gulf State Bancorp | Parent | 12/9/1993 | 11/19/2010 |
| Gulf State Bancorp | Parent | 9/2/1983 | 12/8/1993 |
| Cook Insurance Agency, Inc. | Subsidary | 6/30/2007 | 11/19/2010 |
| Cook Insurance Agency, Inc. | Subsidary | 4/15/2003 | 6/29/2007 |
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