Gulf Coast Bank and Trust Company
Headquarters
200 Saint Charles Ave
New Orleans, LA 70130
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2024 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 $3.13 billion in assets. Customers can open an account at one of its 32 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 32974 |
| Date Established | 1990 |
| Assets | $ 3.13 billion |
| Loans | $ 2.17 billion |
| Deposits | $ 2.65 billion |
| Capital | $ 260.78 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 - April 26, 2024
Your Current Location: Ohio, OH 43085
| Checking Rates | APY | MIN | FEE | |
|---|---|---|---|---|
| Interest Checking | 0.40% | $0 | $0.00 | Learn More |
Loan Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
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 - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 447490 |
6.836% |
6.750% 0.88 points $2,822 fees |
$2,076 | Learn More |
NMLS ID: 401822 |
6.944% |
6.750% 1.00 points $6,400 fees |
$2,076 | Learn More |
NMLS ID: 2059741 |
7.018% |
6.875% 0.88 points $4,672 fees |
$2,103 | Learn More |
NMLS ID: 3030 |
7.476% |
7.375% 1.00 points $3,200 fees |
$2,211 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Gulf Coast Bank and Trust Company
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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:
Columbus,Ohio
Climate Policy and Initiatives
Gulf Coast Bank and Trust Company is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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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 |
|---|---|
| 14.99% | 3.96% |
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 December 31, 2024, Gulf Coast Bank and Trust Company had $44,119,000 in non-current loans and $723,000 in owned real estate. To cover these potential losses it had $260,776,000 in equity and $38,458,000 in loans loss reserves. That gives it a Texas Ratio of 14.99%.
Return on Equity
| Gulf Coast Bank and Trust Company | U.S. Bank Average |
|---|---|
| 10.68% | 12.20% |
Gulf Coast Bank and Trust Company has a Return on Equity of 10.68% versus the BestCashCow average of 12.20%. 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 |
|---|---|
| 8.33% | 10.76% |
Gulf Coast Bank and Trust Company has a Capitalization of 8.33% versus the BestCashCow average of 10.76. 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 December 31, 2023, Gulf Coast Bank and Trust Company had assets of $3,130,851,000, loans of $2,167,120,000, and deposits of $2,651,785,000. 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
December 31, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 196.11 million |
| Interest-bearing balances | $ 146.97 million |
| Total securities | $ 643.48 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 2.17 billion |
| Loan loss allowance | $ 38.46 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 0.72 million |
| Goodwill and other intangibles | $ 8.42 million |
| All other assets | $ 44.57 million |
| Total Assets | $ 2.87 billion |
| LIABILITIES | |
|---|---|
| Total deposits | $ 2.65 billion |
| Interest-bearing deposits | $ 2.07 billion |
| Deposits held in domestic offices | $ 2.65 billion |
| % insured (estimated) | 79.83% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 7.26 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 29.22 million |
| Total Liabilities | $ 2.87 billion |
| Shareholders’ Equity | $ 260.78 million |
Summary Income Statement
December 31, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 266.74 million |
| Total Interest Expense | $ 52.77 million |
| Net interest income | $ 213.97 million |
| Provision for loan and lease losses | $ 26.33 million |
| Total non interest income | $ 34.23 million |
| Total non interest expense | $ 186.73 million |
| Pre-tax Net Operating Income | $ 31.92 million |
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 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 | 18.87 | ✓ | ||
| Multifamily Mortgages |
2.81 | ✓ | ||
| Credit Card Loans | 0.12 | ✓ | ||
| Consumer Auto Loans | 0.00 | ✓ | ||
| Small Business Loans | 13.12 | ✓ | ||
| Construction and Development Loans | 7.31 | ✓ | ||
| Commercial Real Estate | 20.00 | ✓ | ||
| Commercial and Industrial Loans | 38.87 | ✓ | ||
| Farm Loans | 0.00 | ✓ | ||
Customer Reviews for Gulf Coast Bank and Trust Company
Jullianb
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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