Bank of Coral Gables

Headquarters

2295 Galiano Street
Coral Gables, FL 33134
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Bank of Coral Gables is an FDIC insured institution located in Coral Gables, FL. It was founded in 2006 and has approximately $0.1 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58131
Date Established 2006
Assets $ 103.15 million
Loans $ 56.65 million
Deposits $ 96.46 million
Capital $ 6.25 million
 

For a more detailed analysis of Bank of Coral Gables's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 25, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - October 25, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of Coral Gables

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.575% 2.500% 1.00 $2,470 $988 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Bank of Coral Gables
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Branches

Bank of Coral Gables branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Bank of Coral Gables Locations


Financial Details

Bank of Coral Gables Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Coral Gables. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bank of Coral Gables U.S. Bank Average
7.44% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Bank of Coral Gables had $641,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $6,253,000 in equity and $2,368,000 in loans loss reserves. That gives it a Texas Ratio of 7.44%.

Return on Equity
Bank of Coral Gables U.S. Bank Average
-8.63% 7.80%

Bank of Coral Gables has a Return on Equity of -8.63% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Bank of Coral Gables U.S. Bank Average
6.06% 12.68%

Bank of Coral Gables has a Capitalization of 6.06% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank of Coral Gables Balance Sheet Analysis

As of September 30, 2014, Bank of Coral Gables had assets of $103,148,000, loans of $56,654,000, and deposits of $96,458,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 56.65 million
Loan loss allowance $ 2.37 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 96.46 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 103.15 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Bank of Coral Gables’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Florida, Bank of Coral Gables has a significantly higher percent of 1-4 Family Residential Loans, Small Business Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 53.57
Multifamily
Mortgages
6.12
Credit Card Loans 0.00
Consumer Auto Loans 0.03
Small Business Loans 18.99
Construction and Development Loans 0.00
Commercial Real Estate 31.84
Commercial and Industrial Loans 12.50
Farm Loans 0.00

Frequently Asked Questions About Bank Of Coral Gables

Branches and Savings

Is Bank Of Coral Gables FDIC insured?

Yes. It is covered under FDIC Certificate #58131.

Why does Bank Of Coral Gables pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bank Of Coral Gables CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bank Of Coral Gables a commercial bank?

Yes

Where are Bank Of Coral Gables locations?

See branch locations nearby.

Is Bank Of Coral Gables open on Saturdays?

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What time does Bank Of Coral Gables open?

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Will Bank Of Coral Gables notarize my document?

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Will the Bank Of Coral Gables branch print checks?

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Does Bank Of Coral Gables Report to credit bureaus?

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Products

Does Bank Of Coral Gables offer mortgages?

Compare mortgage rates here.

Does Bank Of Coral Gables offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank Of Coral Gables offer personal loans?

Compare personal loan rates here.

Does Bank Of Coral Gables offer student loans?

Will Bank Of Coral Gables cash a check?

Will Bank Of Coral Gables redeem a savings bond?

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Will Bank Of Coral Gables cash money orders?

Can Bank Of Coral Gables issue a money order?

Does Bank Of Coral Gables do currency exchange?

Background on The Bank

Who owns Bank Of Coral Gables?

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Can Bank Of Coral Gables transfer to other banks?

Does Bank Of Coral Gables have quick pay?

Does Bank Of Coral Gables accept rolled coins?

Will Bank Of Coral Gables accept loose change?

Where is Bank Of Coral Gables headquarters?

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