Gulf Coast Bank and Trust Company

Headquarters

200 Saint Charles Ave
New Orleans, LA 70130
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Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 4.65% →
2-Year CD N.A. 4.25% →
5-Year CD N.A. 4.05% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

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 $3.34 billion in assets. Customers can open an account at one of its 32 branches.

FDIC Insured Yes
FDIC Certificate # 32974
Date Established 1990
Assets $ 3.34 billion
Loans $ 2.37 billion
Deposits $ 2.88 billion
Capital $ 264.83 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 - December 21, 2024

Your Current Location: Ohio, OH 43085

Checking Rates APY MIN FEE
Interest Checking 0.40% $0 $0.00 Learn MoreShow Less

Loan Rates - December 21, 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
District Lending
NMLS ID: 1835285
6.494% 6.375%
0.75 points
$4,000 fees
$1,997 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.863% 6.750%
1.00 points
$3,705 fees
$2,076 Learn More
Rocket Mortgage
NMLS ID: 3030
7.325% 7.250%
0.75 points
$2,400 fees
$2,183 Learn More
CrossCountry Mortgage
NMLS ID: 3029

points
fees
Learn More

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR 7.240 %
After Intro: 7.240 %
$0 Learn More
More Info
Rate
Rate
See Table
Intro APR 7.900 %
After Intro: 7.900 %
$25,000 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
16.15% 4.48%

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 June 30, 2024, Gulf Coast Bank and Trust Company had $49,940,000 in non-current loans and $1,102,000 in owned real estate. To cover these potential losses it had $264,834,000 in equity and $51,123,000 in loans loss reserves. That gives it a Texas Ratio of 16.15%.

Return on Equity
Gulf Coast Bank and Trust Company U.S. Bank Average
4.94% 10.46%

Gulf Coast Bank and Trust Company has a Return on Equity of 4.94% versus the BestCashCow average of 10.46%. 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
7.94% 10.84%

Gulf Coast Bank and Trust Company has a Capitalization of 7.94% versus the BestCashCow average of 10.84. 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 June 30, 2024, Gulf Coast Bank and Trust Company had assets of $3,335,210,000, loans of $2,372,582,000, and deposits of $2,879,531,000. 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

June 30, 2024
ASSETS
Cash & Balances due from depository institutions $ 160.46 million
Interest-bearing balances $ 105.04 million
Total securities $ 659.93 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.37 billion
Loan loss allowance $ 51.12 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.10 million
Goodwill and other intangibles $ 13.24 million
All other assets $ 44.57 million
     Total Assets $ 3.07 billion
LIABILITIES
Total deposits $ 2.88 billion
      Interest-bearing deposits $ 2.26 billion
      Deposits held in domestic offices $ 2.88 billion
      % insured (estimated) 77.19%
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 $ 3.07 billion
      Shareholders’ Equity $ 264.83 million

Summary Income Statement

June 30, 2024
INCOME AND EXPENSES
Total Interest Income $ 146.10 million
Total Interest Expense $ 36.04 million
Net interest income $ 110.06 million
Provision for loan and lease losses $ 22.57 million
Total non interest income $ 22.12 million
Total non interest expense $ 99.75 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 17.23
Multifamily
Mortgages
2.57
Credit Card Loans 0.11
Consumer Auto Loans 0.00
Small Business Loans 12.24
Construction and Development Loans 6.68
Commercial Real Estate 18.27
Commercial and Industrial Loans 35.51
Farm Loans 0.00

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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