Gulf Coast Bank and Trust Company

Headquarters

200 St. Charles Avenue
New Orleans, LA 70130
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.30% 0.95% →
1-Year CD 0.20% 1.01% →
2-Year CD 0.40% 0.95% →
5-Year CD 0.55% 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

Gulf Coast Bank and Trust Company is an FDIC insured institution located in New Orleans, LA. It was founded in 1990 and has approximately $1.89 billion in assets. Customers can open an account at one of its 32 branches.

FDIC Insured Yes
FDIC Certificate # 32974
Date Established 1990
Assets $ 1,886.05 million
Loans $ 1,471.53 million
Deposits $ 1,681.11 million
Capital $ 167.22 million
 

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

Deposit Rates - October 27, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.30% $2,500 $4,999 Learn More
Money Market
0.35% $2,500 $2,999 Learn More
Money Market
0.35% $10,000 $14,999 Learn More
Money Market
0.35% $25,000 $29,999 Learn More
Premium Money Market Account
0.35% $10,000 $14,999 Learn More
Premium Money Market Account
0.35% $25,000 $34,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.05% $10,000 $14,999 Learn More
3 Mo CD
0.05% $100,000 $199,999 Learn More
6 Mo CD
0.15% $10,000 $14,999 Learn More
6 Mo CD
0.15% $100,000 $199,999 Learn More
12 Mo CD
0.20% $10,000 $14,999 Learn More
12 Mo CD
0.20% $100,000 $199,999 Learn More
18 Mo CD
0.35% $10,000 $14,999 Learn More
18 Mo CD
0.35% $100,000 $199,999 Learn More
24 Mo CD
0.40% $10,000 $14,999 Learn More
24 Mo CD
0.40% $100,000 $199,999 Learn More
36 Mo CD
0.45% $10,000 $14,999 Learn More
36 Mo CD
0.45% $100,000 $199,999 Learn More
48 Mo CD
0.50% $10,000 $14,999 Learn More
48 Mo CD
0.50% $100,000 $199,999 Learn More
60 Mo CD
0.55% $10,000 $14,999 Learn More
60 Mo CD
0.55% $100,000 $199,999 Learn More

Checking Rates APY MIN FEE
Interest Checking 1.01% $0 $0.00 Learn MoreShow Less

Loan Rates - October 27, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Gulf Coast Bank and Trust Company

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




Featured - Connecticut 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#: 13256
2.674% 2.625% 0.63 $1,595 $1,005 Learn More

Featured - Connecticut 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
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info

Note to Gulf Coast Bank and Trust Company
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Gulf Coast Bank and Trust Company 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:
Fairfield,Connecticut


Gulf Coast Bank and Trust Company Locations


Financial Details

Gulf Coast Bank and Trust Company Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Gulf Coast Bank and Trust Company. 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
Gulf Coast Bank and Trust Company U.S. Bank Average
18.88% 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, Gulf Coast Bank and Trust Company had $34,707,000 in non-current loans and $1,484,000 in owned real estate. To cover these potential losses it had $167,224,000 in equity and $24,491,000 in loans loss reserves. That gives it a Texas Ratio of 18.88%.

Return on Equity
Gulf Coast Bank and Trust Company U.S. Bank Average
-0.82% 7.80%

Gulf Coast Bank and Trust Company has a Return on Equity of -0.82% 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
Gulf Coast Bank and Trust Company U.S. Bank Average
8.87% 12.68%

Gulf Coast Bank and Trust Company has a Capitalization of 8.87% 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.

Gulf Coast Bank and Trust Company Balance Sheet Analysis

As of March 31, 2020, Gulf Coast Bank and Trust Company had assets of $1,886,049,000, loans of $1,471,532,000, and deposits of $1,681,109,000. 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 $ 66.67 million
Interest-bearing balances $ 18.05 million
Total securities $ 260.13 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,471.53 million
Loan loss allowance $ 24.49 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.48 million
Goodwill and other intangibles $ 6.20 million
All other assets $ 31.55 million
     Total Assets $ 1,718.83 million
LIABILITIES
Total deposits $ 1,681.11 million
      Interest-bearing deposits $ 1,613.93 million
      Deposits held in domestic offices $ 1,681.11 million
      % insured (estimated) 81.89%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 20.06 million
Subordinated debt N.A.
All other liabilities $ 17.66 million
      Total Liabilities $ 1,718.83 million
      Shareholders’ Equity $ 167.22 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 35.42 million
Total Interest Expense $ 5.14 million
Net interest income $ 30.28 million
Provision for loan and lease losses $ 5.22 million
Total non interest income $ 7.89 million
Total non interest expense $ 33.26 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

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

Compared to other banks in Louisiana, Gulf Coast Bank and Trust Company has a significantly higher percent of Small Business Loans, Commercial and Industrial 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 25.33
Multifamily
Mortgages
3.61
Credit Card Loans 0.17
Consumer Auto Loans 0.00
Small Business Loans 15.05
Construction and Development Loans 8.47
Commercial Real Estate 27.52
Commercial and Industrial Loans 35.24
Farm Loans 0.00

Frequently Asked Questions About Gulf Coast Bank And Trust Company

Branches and Savings

Is Gulf Coast Bank And Trust Company FDIC insured?

Yes. It is covered under FDIC Certificate #32974.

Why does Gulf Coast Bank And Trust Company pay such low interest on savings accounts?

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

Why are Gulf Coast Bank And Trust Company CD rates not competitive?

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

Is Gulf Coast Bank And Trust Company a commercial bank?

Yes

Where are Gulf Coast Bank And Trust Company locations?

See branch locations nearby.

Is Gulf Coast Bank And Trust Company open on Saturdays?

Is Gulf Coast Bank And Trust Company open on Sundays?

What time does Gulf Coast Bank And Trust Company open?

What time does Gulf Coast Bank And Trust Company close?

Are Gulf Coast Bank And Trust Company ATMs Open 24/7?

Do Gulf Coast Bank And Trust Company ATMs accept cash deposits?

Can Gulf Coast Bank And Trust Company customers use other ATMs?

Do Gulf Coast Bank And Trust Company branches have notaries?

Will Gulf Coast Bank And Trust Company notarize my document?

What address for Gulf Coast Bank And Trust Company should I put for incoming ACH transfers?

Will the Gulf Coast Bank And Trust Company branch print checks?

Do Gulf Coast Bank And Trust Company checks expire?

Does Gulf Coast Bank And Trust Company require US citizenship to open account?

Can Gulf Coast Bank And Trust Company close my account?

Does Gulf Coast Bank And Trust Company Report to credit bureaus?

Does Gulf Coast Bank And Trust Company Use Equifax?

What is Gulf Coast Bank And Trust Company's ACH Routing Number?

What is Gulf Coast Bank And Trust Company's SWIFT code?

Products

Does Gulf Coast Bank And Trust Company offer mortgages?

Compare mortgage rates here.

Does Gulf Coast Bank And Trust Company offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Gulf Coast Bank And Trust Company offer personal loans?

Compare personal loan rates here.

Does Gulf Coast Bank And Trust Company offer student loans?

Will Gulf Coast Bank And Trust Company cash a check?

Will Gulf Coast Bank And Trust Company redeem a savings bond?

Does Gulf Coast Bank And Trust Company cash savings bonds?

Will Gulf Coast Bank And Trust Company cash money orders?

Can Gulf Coast Bank And Trust Company issue a money order?

Does Gulf Coast Bank And Trust Company do currency exchange?

Background on The Bank

Who owns Gulf Coast Bank And Trust Company?

How long has Gulf Coast Bank And Trust Company been around?

Can Gulf Coast Bank And Trust Company transfer to other banks?

Does Gulf Coast Bank And Trust Company have quick pay?

Does Gulf Coast Bank And Trust Company accept rolled coins?

Will Gulf Coast Bank And Trust Company accept loose change?

Where is Gulf Coast Bank And Trust Company headquarters?

Customer Reviews for Gulf Coast Bank and Trust Company


  • March 19, 2020 |

    I made a deposit of 14k at the Gulf Coast Bank and Trust Carrollton Ave branch on March 13, 2020. My account manager and the bank manager both handled the deposit, but secretly, the manager had requested a hold on the funds, and my gut feeling is that he told my account manager not to mention it. See, I had a verbal confrontation with him in hthe past (which he now lies and says he doesn't remember. After seeing me, and realizing I'm Black, he purposely did not inform me of the pending hold. The next morning the funds were showing as available, and accordingly, I issued several checks. By 10:30 [name redacted], the manager had placed a manual hold on the funds. I met with him on Monday March 16, to discuss my issue. I told him he was harassing me because I'm Black because he had not thought about putting the hold on until after he had seen me for the first time, and I he didn't like the tone I used with him in our earlier phone confrontation. He actually responded with "No that's not the only reason". When he realized what he'd said, he quickly tried to retract his statement. See, they think all Black folks are ignorant. I reached out to as many people in that organization as I could find, and absolutely no one at a higher level responded. The only person who showed any concern was a lady named Louann. The bank has a list of policies, which they are going to use as their defense. Those policies only serve to shelter them from the consequences of their racist agenda. The management does what they want to Blacks, in an effort to damage us economically, then hide behind their policies. Several of my Black and White friends who had accounts in the past with this bank expressed the same dislikes.

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