Gold Coast Bank

Headquarters

1165 N. Clark Street Suite 200
Chicago, IL 60610
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.80% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Gold Coast Bank is an FDIC insured institution located in Chicago, IL. It was founded in 2007 and has approximately $0.42 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58556
Date Established 2007
Assets $ 415.89 million
Loans $ 352.29 million
Deposits $ 349.58 million
Capital $ 49.34 million
 

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

Deposit Rates - September 23, 2021

Your Current Location: California, CA 92111

 

Loan Rates - September 23, 2021

Your Current Location: California, CA 92111

There are currently no loan rates available for Gold Coast Bank

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




Featured - California 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.475% 3.375%
0.75 points
$3,125 fees
$1,106 Learn More

Featured - California Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Gold Coast Bank
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Branches

Gold Coast Bank 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:
San Diego,California


Gold Coast Bank Locations


Financial Details

Gold Coast Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Gold Coast Bank. 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
Gold Coast Bank U.S. Bank Average
6.05% 5.29%

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, 2021, Gold Coast Bank had $1,876,000 in non-current loans and $1,950,000 in owned real estate. To cover these potential losses it had $49,343,000 in equity and $13,934,000 in loans loss reserves. That gives it a Texas Ratio of 6.05%.

Return on Equity
Gold Coast Bank U.S. Bank Average
8.06% 11.43%

Gold Coast Bank has a Return on Equity of 8.06% versus the BestCashCow average of 11.43%. 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
Gold Coast Bank U.S. Bank Average
11.86% 11.51%

Gold Coast Bank has a Capitalization of 11.86% versus the BestCashCow average of 11.51. 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.

Gold Coast Bank Balance Sheet Analysis

As of March 31, 2021, Gold Coast Bank had assets of $415,893,000, loans of $352,290,000, and deposits of $349,583,000. 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, 2021
ASSETS
Cash & Balances due from depository institutions $ 55.00 million
Interest-bearing balances $ 43.22 million
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 352.29 million
Loan loss allowance $ 13.93 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.95 million
Goodwill and other intangibles N.A.
All other assets $ 6.58 million
     Total Assets $ 366.55 million
LIABILITIES
Total deposits $ 349.58 million
      Interest-bearing deposits $ 315.87 million
      Deposits held in domestic offices $ 349.58 million
      % insured (estimated) 61.17%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 14.00 million
Subordinated debt N.A.
All other liabilities $ 2.97 million
      Total Liabilities $ 366.55 million
      Shareholders’ Equity $ 49.34 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 4.29 million
Total Interest Expense $ 1.06 million
Net interest income $ 3.24 million
Provision for loan and lease losses $ 0.30 million
Total non interest income $ 2.59 million
Total non interest expense $ 4.14 million
Pre-tax Net Operating Income $ 1.38 million

Bank Loan Profile?

The top three loan types in Gold Coast Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in Illinois, Gold Coast Bank has a significantly higher percent of 1-4 Family Residential Loans, Construction and Development 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 52.48
Multifamily
Mortgages
5.98
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 9.20
Commercial Real Estate 25.40
Commercial and Industrial Loans 10.93
Farm Loans 0.00

Frequently Asked Questions About Gold Coast Bank

Branches and Savings

Is Gold Coast Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58556.

Why does Gold Coast Bank pay such low interest on savings accounts?

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

Why are Gold Coast Bank CD rates not competitive?

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

Is Gold Coast Bank a commercial bank?

Yes

Where are Gold Coast Bank locations?

See branch locations nearby.

Is Gold Coast Bank open on Saturdays?

Is Gold Coast Bank open on Sundays?

What time does Gold Coast Bank open?

What time does Gold Coast Bank close?

Are Gold Coast Bank ATMs Open 24/7?

Do Gold Coast Bank ATMs accept cash deposits?

Can Gold Coast Bank customers use other ATMs?

Do Gold Coast Bank branches have notaries?

Will Gold Coast Bank notarize my document?

What address for Gold Coast Bank should I put for incoming ACH transfers?

Will the Gold Coast Bank branch print checks?

Do Gold Coast Bank checks expire?

Does Gold Coast Bank require US citizenship to open account?

Can Gold Coast Bank close my account?

Does Gold Coast Bank Report to credit bureaus?

Does Gold Coast Bank Use Equifax?

What is Gold Coast Bank's ACH Routing Number?

What is Gold Coast Bank's SWIFT code?

Products

Does Gold Coast Bank offer mortgages?

Compare mortgage rates here.

Does Gold Coast Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Gold Coast Bank offer personal loans?

Compare personal loan rates here.

Does Gold Coast Bank offer student loans?

Will Gold Coast Bank cash a check?

Will Gold Coast Bank redeem a savings bond?

Does Gold Coast Bank cash savings bonds?

Will Gold Coast Bank cash money orders?

Can Gold Coast Bank issue a money order?

Does Gold Coast Bank do currency exchange?

Background on The Bank

Who owns Gold Coast Bank?

How long has Gold Coast Bank been around?

Can Gold Coast Bank transfer to other banks?

Does Gold Coast Bank have quick pay?

Does Gold Coast Bank accept rolled coins?

Will Gold Coast Bank accept loose change?

Where is Gold Coast Bank headquarters?

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