Gulf Coast Bank And Trust Company Mortgage Rates, Fees & Info
New Orleans, LALEI: 5493008RSN6F31BTGT93
Tax ID: 72-1167423
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Overview
Gulf Coast Bank And Trust Company is a smaller bank specializing in Home Purchase and Refi loans. Gulf Coast Bank And Trust Company has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include New Orleans, Baton Rouge, Hammond, Houma, and Gulfport among others. Gulf Coast Bank And Trust Company has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Gulf Coast Bank And Trust Company is typically an average fee lendor.Originations
2,964Origination Dollar Volume (All Markets)
$804,950,000Employee count
718Awards
Gulf Coast Bank and Trust Company - 2021
Gulf Coast Bank and Trust Company is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Gulf Coast Bank And Trust Company's average 30 year fixed rate mortgage of loans were
3.05%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.1%.
Relative Fees
Gulf Coast Bank And Trust Company's average total fees for a 30 year fixed rate
mortgage are $5,495.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 2,125 | $580,445,000 | $273,151 | $5,631 | 3.70% |
| BATON ROUGE, LA (FHA|USDA|VA) | 274 | $70,250,000 | $256,387 | $5,684 | 3.24% |
| HAMMOND, LA (FHA|USDA|VA) | 206 | $48,810,000 | $236,942 | $6,309 | 3.16% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 90 | $22,040,000 | $244,889 | $5,595 | 2.98% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 41 | $10,125,000 | $246,951 | $5,477 | 3.76% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 23 | $8,345,000 | $362,826 | $5,506 | 3.14% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 17 | $7,535,000 | $443,235 | $7,040 | 3.79% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 19 | $6,995,000 | $368,158 | $5,084 | 3.07% |
| Picayune, MS (FHA|USDA|VA) | 17 | $3,655,000 | $215,000 | $5,248 | 3.74% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 9 | $3,565,000 | $396,111 | $6,477 | 3.03% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 10 | $3,320,000 | $332,000 | $4,713 | 2.76% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 12 | $3,220,000 | $268,333 | $5,420 | 2.90% |
| LAFAYETTE, LA (FHA|USDA|VA) | 13 | $2,415,000 | $185,769 | $5,520 | 3.95% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 4 | $2,410,000 | $602,500 | $5,103 | 3.34% |
| Bogalusa, LA (FHA|USDA|VA) | 9 | $2,365,000 | $262,778 | $5,784 | 3.13% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 8 | $2,350,000 | $293,750 | $4,190 | 3.29% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 9 | $2,145,000 | $238,333 | $4,283 | 3.65% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $1,935,000 | $645,000 | $5,117 | 3.00% |
| Outside of Metro Areas | 7 | $1,865,000 | $266,429 | $4,859 | 3.04% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 3 | $1,865,000 | $621,667 | $5,110 | 3.04% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $1,765,000 | $353,000 | $4,850 | 2.75% |
| Cullman, AL (FHA|USDA|VA) | 2 | $1,280,000 | $640,000 | $12,524 | 4.63% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 3 | $915,000 | $305,000 | $5,210 | 3.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $6,369 | 4.19% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $4,089 | 3.06% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $10,029 | 4.31% |
| Heber, UT (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $0 | 3.50% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $10,706 | 4.50% |
| Ruston, LA (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $7,871 | 2.75% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $0 | 4.26% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $3,856 | 3.31% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $3,819 | 3.40% |
| KNOXVILLE, TN (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $3,157 | 3.17% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $3,900 | 2.63% |
| Milledgeville, GA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $8,323 | 3.75% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $14,719 | 2.88% |
| RENO, NV (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $8,572 | 3.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,060 | 2.50% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $1,946 | 2.75% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,330 | 3.88% |
| Bay City, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $9,224 | 2.50% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 3.88% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,487 | 2.75% |
| TYLER, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,558 | 2.63% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,782 | 2.63% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,089 | 2.63% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,678 | 2.88% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,502 | 3.13% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,125 | 2.63% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,203 | 2.75% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,819 | 2.75% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 4.88% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,347 | 2.75% |
| Okeechobee, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,980 | 2.88% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 3.88% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,106 | 3.63% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,265 | 2.50% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,232 | 2.38% |
| TULSA, OK (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,575 | 2.63% |
| AKRON, OH (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,860 | 3.13% |
| Opelousas, LA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,567 | 2.50% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,437 | 2.50% |
| Palestine, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,109 | 3.00% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.60% |
| Morgan City, LA (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 3.50% |
| MONROE, LA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.13% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,531 | 2.88% |
Gulf Coast Bank And Trust Company's top markets include New Orleans, Baton Rouge, Hammond, Houma, and Gulfport among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 2,528 | $698,200,000 | $276,187 | $5,109 | 3.69% |
| FHA | 269 | $63,735,000 | $236,933 | $8,295 | 2.95% |
| USDA | 90 | $17,070,000 | $189,667 | $5,789 | 2.78% |
| VA | 77 | $25,945,000 | $336,948 | $8,420 | 2.77% |
For the 2021 period, Gulf Coast Bank And Trust Company's most frequently originated loan type of loans were Conventional, with 2,528 originations. Their 2nd most popular type is FHA, with 269 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 1,891 | $530,505,000 | $280,542 | $6,406 | 3.64% |
| Refi | 663 | $179,815,000 | $271,214 | $4,258 | 3.36% |
| Cash Out Refi | 269 | $67,045,000 | $249,238 | $4,695 | 3.18% |
| Other | 72 | $14,840,000 | $206,111 | $4,074 | 3.89% |
| Home Improvement | 69 | $12,745,000 | $184,710 | $4,894 | 4.70% |
For the 2021, Gulf Coast Bank And Trust Company's most frequently cited loan purpose of loans were Home Purchase, with 1,891 originations. The 2nd most popular reason of loans were Refi, with 663 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 1,681 | $444,955,000 | $264,697 | $5,495 | 3.05% |
| 20 Year | 314 | $75,530,000 | $240,541 | $3,997 | 4.69% |
| Other | 282 | $78,110,000 | $276,986 | $4,541 | 4.88% |
| 30+ year | 278 | $111,860,000 | $402,374 | $8,193 | 3.78% |
| 15 Year | 220 | $47,690,000 | $216,773 | $4,005 | 2.79% |
| 1 Year | 163 | $42,335,000 | $259,724 | $0 | 5.11% |
| 10 Year | 23 | $3,735,000 | $162,391 | $4,084 | 3.40% |
| 3 Year | 3 | $735,000 | $245,000 | $0 | 4.73% |
For the 2021, Gulf Coast Bank And Trust Company's most frequently cited loan length of loans were 30 Year, with 1,681 originations. The 2nd most popular length of loans were 20 Year, with 314 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 1,419 | $367,955,000 | $259,306 |
| $3k-4k | 355 | $129,175,000 | $363,873 |
| $2k-3k | 229 | $58,965,000 | $257,489 |
| $5k+ | 67 | $30,455,000 | $454,552 |
| $<1k | 29 | $7,115,000 | $245,345 |
$5,495 of loans were Gulf Coast Bank And Trust Company's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,419 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 913 | $247,925,000 | $271,550 |
| 3-4% | 857 | $252,605,000 | $294,755 |
| 4-5% | 574 | $172,480,000 | $300,488 |
| <2.5% | 344 | $82,020,000 | $238,430 |
| 5-6% | 247 | $46,685,000 | $189,008 |
| 6-7% | 22 | $2,820,000 | $128,182 |
| Over 8% | 4 | $190,000 | $47,500 |
| 7-8% | 3 | $225,000 | $75,000 |
During 2021, Gulf Coast Bank And Trust Company's average interest rate of loans were 3.05%, while their most frequently originated rate bucket of loans were 2.5-3%, with 913 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 1,336 | $373,950,000 | $279,903 | $5,813 | 3.39% |
| $100k-200k | 917 | $140,695,000 | $153,430 | $4,491 | 3.61% |
| $400k-600k | 410 | $197,660,000 | $482,098 | $7,347 | 3.55% |
| $100,000 or less | 213 | $15,445,000 | $72,512 | $3,426 | 4.38% |
| $600k-1MM | 65 | $47,025,000 | $723,462 | $8,988 | 3.87% |
| $1MM+ | 23 | $30,175,000 | $1,311,957 | $9,150 | 4.11% |
2021 saw Gulf Coast Bank And Trust Company place emphasis on $200k-400k loans with 1,336 originations, totaling $373,950,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 540 | $113,890,000 | $210,907 | $5,294 | 3.11% |
| $100k-150k | 489 | $151,595,000 | $310,010 | $6,092 | 3.27% |
| $75k-100k | 420 | $106,400,000 | $253,333 | $5,816 | 3.14% |
| $150k-250k | 346 | $125,710,000 | $363,324 | $6,202 | 3.33% |
| $50k or less | 317 | $50,715,000 | $159,984 | $4,921 | 3.04% |
| $250k+ | 177 | $79,205,000 | $447,486 | $6,120 | 3.40% |
Gulf Coast Bank And Trust Company lent most frequently to those with incomes in the $50k-75k range, with 540 originations. The second most popular income band? $100k-150k, with 489 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 500 | $130,710,000 | $261,420 | $5,022 | 3.11% |
| 30-36% | 433 | $117,835,000 | $272,136 | $5,576 | 3.14% |
| <20% | 150 | $42,130,000 | $280,867 | $4,705 | 3.10% |
| 44% | 114 | $33,050,000 | $289,912 | $6,304 | 3.36% |
| 40% | 97 | $26,605,000 | $274,278 | $5,925 | 3.23% |
| 50-60% | 96 | $24,350,000 | $253,646 | $8,160 | 2.96% |
| 42% | 95 | $29,425,000 | $309,737 | $6,407 | 3.25% |
| 37% | 93 | $23,925,000 | $257,258 | $5,614 | 3.26% |
| 39% | 90 | $28,070,000 | $311,889 | $6,014 | 3.29% |
| 45% | 89 | $21,895,000 | $246,011 | $5,243 | 3.25% |
| 41% | 89 | $27,455,000 | $308,483 | $6,076 | 3.22% |
| 38% | 82 | $24,830,000 | $302,805 | $6,375 | 3.24% |
| 43% | 80 | $22,500,000 | $281,250 | $5,936 | 3.28% |
| 36% | 64 | $15,220,000 | $237,813 | $5,044 | 3.21% |
| 46% | 56 | $15,850,000 | $283,036 | $5,680 | 2.97% |
| 49% | 52 | $15,130,000 | $290,962 | $6,096 | 3.06% |
| 47% | 51 | $11,575,000 | $226,961 | $5,379 | 3.12% |
| 48% | 47 | $12,605,000 | $268,191 | $6,216 | 3.08% |
Gulf Coast Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 500 originations. The next most common DTI ratio? 30-36%, with 433 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 1,785 | $498,765,000 | $279,420 | $5,500 | 3.17% |
| Not applicable | 616 | $159,890,000 | $259,562 | $0 | 4.98% |
| Black | 329 | $82,175,000 | $249,772 | $6,512 | 3.32% |
| Not provided | 120 | $34,340,000 | $286,167 | $5,912 | 3.18% |
| Asian | 95 | $24,695,000 | $259,947 | $5,402 | 3.21% |
| American Indian | 17 | $4,485,000 | $263,824 | $6,064 | 3.10% |
| Native Hawaiian | 2 | $600,000 | $300,000 | $7,250 | 2.81% |
Approval Rates
Total approvals of all applications91.98%
Gulf Coast Bank And Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination77.78%
Gulf Coast Bank And Trust Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,964 | $804,950,000 | $271,576 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2,964 | $804,950,000 | $271,576 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 132 | $26,350,000 | $199,621 | $3,718 | 3.72% |
| 40-60% | 334 | $87,740,000 | $262,695 | $4,168 | 3.42% |
| 60-80% | 1,166 | $325,220,000 | $278,919 | $5,012 | 3.85% |
| 80-100% | 1,176 | $333,460,000 | $283,554 | $6,346 | 3.16% |
| Over 100% | 22 | $7,510,000 | $341,364 | $13,670 | 2.90% |
| Under 20% | 32 | $3,790,000 | $118,438 | $2,917 | 5.18% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Gulf Coast Bank and Trust Company | 1110 Highway 190 Covington, LA 70433 | Full Service B&M | $113,082 |
| Gulf Coast Bank and Trust Company | 1825 Veterans Highway Metairie, LA 70005 | Full Service B&M | $263,068 |
| Gulf Coast Bank and Trust Company | 1900 Oak Harbor Blvd Slidell, LA 70458 | Full Service B&M | $95,705 |
| Gulf Coast Bank and Trust Company | 1901 Manhattan Boulevard, Building F, Suite 103 Harvey, LA 70058 | Full Service B&M | $145,371 |
| Gulf Coast Bank and Trust Company | 200 St. Charles Avenue New Orleans, LA 70130 | Limited, Mobile/Seasonal Office | $0 |
| Gulf Coast Bank and Trust Company | 200 St. Charles Avenue New Orleans, LA 70130 | Full Service B&M | $429,336 |
| Gulf Coast Bank and Trust Company | 201 Huey P Long Ave Gretna, LA 70053 | Full Service B&M | $108,738 |
| Gulf Coast Bank and Trust Company | 201 North Carrollton Ave. New Orleans, LA 70119 | Full Service B&M | $50,241 |
| Gulf Coast Bank and Trust Company | 300 West Morris Avenue Hammond, LA 70404 | Full Service B&M | $40,413 |
| Gulf Coast Bank and Trust Company | 3200 Magazine Street New Orleans, LA 70115 | Full Service B&M | $48,370 |
| Gulf Coast Bank and Trust Company | 3410 Williams Boulevard Kenner, LA 70065 | Full Service B&M | $157,568 |
| Gulf Coast Bank and Trust Company | 423 East Boston Street Covington, LA 70433 | Full Service B&M | $112,887 |
| Gulf Coast Bank and Trust Company | 4565 Lasalle Street Mandeville, LA 70471 | Full Service B&M | $52,800 |
| Gulf Coast Bank and Trust Company | 5001 Veterans Boulevard Metairie, LA 70006 | Full Service B&M | $140,495 |
| Gulf Coast Bank and Trust Company | 7235 Jefferson Highway Baton Rouge, LA 70806 | Full Service B&M | $60,671 |
| Gulf Coast Bank and Trust Company | 737 Terry Pkwy Terrytown, LA 70056 | Full Service B&M | $96,951 |
| Gulf Coast Bank and Trust Company | 8216 West Judge Perez Drive Chalmette, LA 70043 | Full Service B&M | $145,893 |
| Gulf Coast Bank and Trust Company | 848 Harrison Avenue New Orleans, LA 70124 | Full Service B&M | $129,792 |
| Gulf Coast Bank and Trust Company | 13906 Perkins Rd Baton Rouge, LA 70810 | Full Service B&M | $65,019 |
| Gulf Coast Bank and Trust Company | 1801 East Judge Perez Chalmette, LA 70043 | Full Service B&M | $76,490 |
For 2021, Gulf Coast Bank And Trust Company had 20 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $173,041 |
| Net interest income | $163,495 |
| Total noninterest income | $54,634 |
| Gross Fiduciary activities income | $2,503 |
| Service charges on deposit accounts | $4,869 |
| Trading account gains and fees | $320 |
| Additional Noninterest Income | $46,942 |
| Pre-tax net operating income | $61,360 |
| Securities gains (or losses, -) | $315 |
| Income before extraordinary items | $48,468 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $48,468 |
| Minority interest net income | $0 |
| Net income | $48,468 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $48,219 |
Gulf Coast Bank And Trust Company's gross interest income from loans was $173,041,000.
Gulf Coast Bank And Trust Company's net interest income from loans was $163,495,000.
Gulf Coast Bank And Trust Company's fee based income from loans was $4,869,000.
Gulf Coast Bank And Trust Company's net income from loans was $48,468,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $9,546 |
| Provision for credit losses | $8,188 |
| Total noninterest expense | $148,581 |
| Salaries and employee benefits | $105,055 |
| Premises and equipment expense | $8,224 |
| Additional noninterest expense | $35,302 |
| Applicable income taxes | $13,207 |
| Net charge-offs | $14,041 |
| Cash dividends | $4,579 |
Gulf Coast Bank And Trust Company's interest expense for loans was $9,546,000.
Gulf Coast Bank And Trust Company's payroll and benefits expense were $105,055,000.
Gulf Coast Bank And Trust Company's property, plant and equipment expenses $8,224,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 0.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 0.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 1.0% |
| Personal loans | 1.0% |
| Credit card loans | 2.0% |
| Other individual loans | 1.0% |
| Auto loans | 0.0% |
| Other consumer loans | 1.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $2,552,602 |
| Deposits held in domestic offices | $2,552,602 |
| Deposits by Individuals, partnerships, and corporations | $2,404,274 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $123,043 |
| Deposits by Commercial banks and other depository institutions in U.S. | $25,285 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $1,704,133 |
| Demand deposits | $700,633 |
| Nontransaction accounts | $848,469 |
| Money market deposit accounts (MMDAs) | $328,205 |
| Other savings deposits (excluding MMDAs) | $311,535 |
| Total time deposits | $208,729 |
| Total time and savings deposits | $1,851,969 |
| Noninterest-bearing deposits | $692,331 |
| Interest-bearing deposits | $1,860,271 |
| Retail deposits | $2,490,423 |
| IRAs and Keogh plan accounts | $33,785 |
| Brokered deposits | $15,936 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $2,823,154 |
| Cash & Balances due from depository institutions | $292,089 |
| Interest-bearing balances | $238,745 |
| Total securities | $635,723 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $1,798,736 |
| Loan and leases loss allowance | $23,607 |
| Trading account assets | $5,239 |
| Bank premises and fixed assets | $51,829 |
| Other real estate owned | $666 |
| Goodwill and other intangibles | $6,315 |
| All other assets | $32,557 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $2,823,154 |
| Total Liabilities | $2,588,515 |
| Total deposits | $2,552,602 |
| Interest-bearing deposits | $1,860,271 |
| Deposits held in domestic offices | $2,552,602 |
| % insured (estimated) | $76 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $8,080 |
| Subordinated debt | $0 |
| All other liabilities | $27,833 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,798,736 |
| Loan and leases loss allowance | $23,607 |
| Total loans and leases (domestic) | $1,822,343 |
| All real estate loans | $1,036,562 |
| Real estate loans in domestic offices | $1,036,562 |
| Construction and development loans | $145,432 |
| Residential 1-4 family construction | $122,705 |
| Other construction, all land development and other land | $22,727 |
| Loans secured by nonfarm nonresidential properties | $440,253 |
| Nonfarm nonresidential secured by owner-occupied properties | $222,115 |
| Commercial real estate & other non-farm, non-residential | $218,138 |
| Multifamily residential real estate | $59,993 |
| 1-4 family residential loans | $390,605 |
| Farmland loans | $279 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $759,991 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $25,790 |
| Credit card loans | $2,577 |
| Related Plans | $0 |
| Consumer Auto Loans | $28 |
| Other loans to individuals | $23,185 |
| All other loans & leases | $0 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $0 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $0 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $2,789 |
| Non 1-4 family restructured loans & leases | $2,546 |
| Total loans and leases (foreign) | $0 |
Gulf Coast Bank and Trust Company had $1,798,736,000 of loans outstanding in 2021. $1,036,562,000 of loans were in real estate loans. $145,432,000 of loans were in development loans. $59,993,000 of loans were in multifamily mortgage loans. $390,605,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $2,577,000 of loans were in credit card loans. $28,000 of loans were in the auto loan category.
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Nonfarm, nonresidential loans - <$1MM | 1,127 | $247,180 | $219,326 |
| Nonfarm, nonresidential loans - <$100k | 120 | $5,438 | $45,317 |
| Nonfarm, nonresidential loans - $100-250k | 405 | $51,444 | $127,022 |
| Nonfarm, nonresidential loans - $250k-1MM | 602 | $190,298 | $316,110 |
| Commercial & Industrial, US addressed loans - <$1MM | 4,366 | $298,004 | $68,256 |
| Commercial & Industrial, US addressed loans - <$100k | 2,682 | $58,844 | $21,940 |
| Commercial & Industrial, US addressed loans - $100-250k | 953 | $70,695 | $74,182 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 731 | $168,465 | $230,458 |
| Farmland loans - <$1MM | 3 | $279 | $93,000 |
| Farmland loans - <$100k | 2 | $112 | $56,000 |
| Farmland loans - $100-250k | 1 | $167 | $167,000 |
