GulfSouth Private Bank

Headquarters

4405 Commons Drive East
Destin, FL 32541
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
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

GulfSouth Private Bank is an FDIC insured institution located in Destin, FL. It was founded in 2005 and has approximately $0.14 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58073
Date Established 2005
Assets $ 139.39 million
Loans $ 96.30 million
Deposits $ 131.58 million
Capital $ 2.42 million
 

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

Deposit Rates - September 19, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 19, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for GulfSouth Private Bank

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

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Rocket Mortgage
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3.872% 3.750% 1.00 $3,750 $1,158 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,118 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

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Third Federal Savings and Loans
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2.990 %
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People's United Bank, N.A.
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4.000 %
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Note to GulfSouth Private Bank
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Branches

GulfSouth Private 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:
Fairfield,Connecticut


GulfSouth Private Bank Locations


Financial Details

GulfSouth Private Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of GulfSouth Private 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
GulfSouth Private Bank U.S. Bank Average
314.02% 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, GulfSouth Private Bank had $20,854,000 in non-current loans and $11,236,000 in owned real estate. To cover these potential losses it had $2,424,000 in equity and $7,795,000 in loans loss reserves. That gives it a Texas Ratio of 314.02%.

Return on Equity
GulfSouth Private Bank U.S. Bank Average
-136.22% 7.80%

GulfSouth Private Bank has a Return on Equity of -136.22% 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
GulfSouth Private Bank U.S. Bank Average
1.74% 12.68%

GulfSouth Private Bank has a Capitalization of 1.74% 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.

GulfSouth Private Bank Balance Sheet Analysis

As of September 30, 2012, GulfSouth Private Bank had assets of $139,391,000, loans of $96,302,000, and deposits of $131,579,000. 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 $ 96.30 million
Loan loss allowance $ 7.80 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 11.24 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 131.58 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 $ 139.39 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 GulfSouth Private Bank’s loan portfolio are 1-4 Family Residential Loans, Construction and Development Loans, and Commercial Real Estate.

Compared to other banks in Florida, GulfSouth Private Bank has a significantly higher percent of 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 37.21
Multifamily
Mortgages
2.75
Credit Card Loans 0.00
Consumer Auto Loans 0.17
Small Business Loans 7.51
Construction and Development Loans 30.61
Commercial Real Estate 22.66
Commercial and Industrial Loans 4.40
Farm Loans 0.00

Frequently Asked Questions About Gulfsouth Private Bank

Branches and Savings

Is Gulfsouth Private Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58073.

Why does Gulfsouth Private Bank pay such low interest on savings accounts?

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

Why are Gulfsouth Private Bank CD rates not competitive?

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

Is Gulfsouth Private Bank a commercial bank?

Yes

Where are Gulfsouth Private Bank locations?

See branch locations nearby.

Is Gulfsouth Private Bank open on Saturdays?

Is Gulfsouth Private Bank open on Sundays?

What time does Gulfsouth Private Bank open?

What time does Gulfsouth Private Bank close?

Are Gulfsouth Private Bank ATMs Open 24/7?

Do Gulfsouth Private Bank ATMs accept cash deposits?

Can Gulfsouth Private Bank customers use other ATMs?

Do Gulfsouth Private Bank branches have notaries?

Will Gulfsouth Private Bank notarize my document?

What address for Gulfsouth Private Bank should I put for incoming ACH transfers?

Will the Gulfsouth Private Bank branch print checks?

Do Gulfsouth Private Bank checks expire?

Does Gulfsouth Private Bank require US citizenship to open account?

Can Gulfsouth Private Bank close my account?

Does Gulfsouth Private Bank Report to credit bureaus?

Does Gulfsouth Private Bank Use Equifax?

What is Gulfsouth Private Bank's ACH Routing Number?

What is Gulfsouth Private Bank's SWIFT code?

Products

Does Gulfsouth Private Bank offer mortgages?

Compare mortgage rates here.

Does Gulfsouth Private Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Gulfsouth Private Bank offer personal loans?

Compare personal loan rates here.

Does Gulfsouth Private Bank offer student loans?

Will Gulfsouth Private Bank cash a check?

Will Gulfsouth Private Bank redeem a savings bond?

Does Gulfsouth Private Bank cash savings bonds?

Will Gulfsouth Private Bank cash money orders?

Can Gulfsouth Private Bank issue a money order?

Does Gulfsouth Private Bank do currency exchange?

Background on The Bank

Who owns Gulfsouth Private Bank?

How long has Gulfsouth Private Bank been around?

Can Gulfsouth Private Bank transfer to other banks?

Does Gulfsouth Private Bank have quick pay?

Does Gulfsouth Private Bank accept rolled coins?

Will Gulfsouth Private Bank accept loose change?

Where is Gulfsouth Private Bank headquarters?

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