# GULFSOUTH PRIVATE BANK
DESTIN, FL · FDIC certificate 58073 · asset band <$300M · latest filing 2012-09 · FAILED

**Verdict on the desk:** this could be *credit-stressed*. Composite score 12 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $139.4M | |
| Deposits | $131.6M | |
| Loans and leases | $104.1M | |
| Total equity | $2.4M | |
| Loans / deposits | 73.19% (p58 of band) | 69.20% |
| Liquid assets / assets | 16.36% (p10 of band) | |
| Uninsured deposits / deposits | 8.77% (p51 of band) | 8.50% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 3.59% (p60 of band) | |
| FHLB advances / assets | 3.59% | |
| Tier 1 leverage | 1.63% (p0 of band) | 10.13% |
| Unrealized securities loss / equity | 0.21% (p13 of band) | 3.81% |
| AOCI / equity | -12.09% (p0 of band) | |
| ROA (annualized) | -4.30% (p1 of band) | 0.80% |
| Net interest margin | 2.67% (p8 of band) | 3.77% |
| Efficiency ratio | 133.21% (p98 of band) | |
| Noncurrent loans | 20.03% (p100 of band) | 1.27% |
| Net charge-offs (annualized) | 3.04% (p99 of band) | |
| Reserve coverage of noncurrent | 37.38% | |
| Real estate % of loans | 92% | |
| Construction % of loans | 1216.17% (p100 of band) | |
| Auto loans | $159,000 (0.15% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -17.8% | |
| Employees | 27 | |

## Flags firing in the latest filing

- **leverage <7%** (`cap_low`)
- **leverage <5%** (`cap_critical`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **noncurrent p90** (`aq_noncurrent`)
- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)
- **construction >100% equity** (`conc_construction`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 8 | leverage <7%, losing money, expense ratio p90, NIM <2.5%, noncurrent p90, charge-offs p90, reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 7 |  | NIM <2.5% |
| 2011-09 | 6 |  | expense ratio p90 |
| 2011-12 | 9 | leverage <5%, expense ratio p90 |  |
| 2012-03 | 13 | capital falling, deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2012-06 | 13 |  |  |
| 2012-09 | 12 |  | capital falling |

## In the news (Google News, unfiltered, newest first; check the city)

- 2017-06-29 [Former GulfSouth Private Bank president gets 5 years in prison for bank fraud - HousingWire](https://news.google.com/rss/articles/CBMivgFBVV95cUxQM1VaaVRwcnIwMzNaellfLUlRTmQyWmhjMVBuSFU1VEJfNTVwbHBaQXltR3B6ZXhXUkFQVlRrTmFqMkVjb3AyOUkxdHliczNzeFJJSV81cFRsUkJwM2VHakk2a0REeXJsZk1SbFkwYU0yY3B5SEs5OFB5MTdSSEhGNGVjSXk5WFF3UXlEdkE5ZVY3SzRaanBEVldMbFloVU0yMnlQWEs0a0E1QWVidHJtUFdsSE9yRy1RRFR6RlFn?oc=5) · HousingWire
- 2016-12-16 [Bank fraud scheme: former bank officers and local man charged - WJHG](https://news.google.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?oc=5) · WJHG
- 2024-02-09 [Smart Financial is fourth largest publicly traded bank holding company in TN - Teknovation.biz](https://news.google.com/rss/articles/CBMinAFBVV95cUxPRUM3cHZudnl3SGlwU0pWY1diMDVBYTh6QUhvVVhuOUdiMDNDdXhFODFuLXlUeWl4V1JrcnFaOW1HSTBfNzBvVW55bW84MVBxZEg4VXhjNTYtSFZGRklRc19mZkhVZTZrVUZyZlhEZlNDazRkdHd3U0dMa01Dc0hIUlh4ZVh5VXpNN1FaSEhIbnZVRFZNUDdfVXZiZnc?oc=5) · Teknovation.biz
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2014-01-16 [Florida Man Sentenced in Straw Buyers Scam - National Mortgage Professional](https://news.google.com/rss/articles/CBMilgFBVV95cUxPQVhEMURNanNZOFBmcFRRWFo3dnBBQ3dpQmN4ZWxOOFAzWExLd0dERml3NHJlN3BGSnc1VjRWSFZlckNlRkd6bkhsSm1MT3k0ZkJtVVp5UHB2TnF2Qmp4M3JrYmd2OF9MTkVHalA0ODAtdVBBSEpXdXIzZXV0aC1xanlSdWFTVG55N2FYVERWekZPaFZjNGc?oc=5) · National Mortgage Professional
- 2017-06-29 [Bank president sentenced to 63 months - nwfdailynews.com](https://news.google.com/rss/articles/CBMiqwFBVV95cUxNQUt4aXRab0x0am1oRzVmZVFBT3NpTHl0V2k4WWYzX3ktcERWS1EwaDJHQjZSelN5bWh5ay1VYWc3WjFWdTRFX1d3NVpGZDQ4SFB2SE5ZTUg1NXM0REZUZ1FuZnlJN3NCZGFjU19kN1A3TmlSSVhSR1VvLVZ3N0x5NFRsY2tXSkd2eFpBakx4M0tQNmxGeEl4MHRWS0pSd1h1NGRFckFLRXZhbHM?oc=5) · nwfdailynews.com
- 2015-05-08 [Bethany White receives promotion at SmartBank - The Destin Log](https://news.google.com/rss/articles/CBMigwFBVV95cUxPQWk3b3Y4NkVrZWEyT0VJMnJCREd0TFJoaDBpeHFPSzdoVDR2dkZmeHE1d3VWc2pVLTdYaDNoOEZzbTRnUHU0aF90eW1WckVRMTVnWVhJcXkyYm5vQ0N5Q0dPS3NzSWpfMUNDTzlRNWVsWXVNWklBcGxKYVVvaUtXLTFncw?oc=5) · The Destin Log
- 2019-03-06 [SmartBank nearing $158M merger with North Carolina-based bank - Knoxville News Sentinel](https://news.google.com/rss/articles/CBMiwgFBVV95cUxQVzU0OS1DeXJjTFNadXhxQXR1cDdqaW9hRllwX2pyam00OWtxMTBFMUpUek9nYnlVdUgxeGZIV00yNHgxQU5DZGxtQWVQaHdmTzhwMnBaRHRGeTcxekp0VFM3MmFXZkVGaHlwbmEyYWpGTWYzZEhaaGRfaHJQSXdLTGhCdDlkNjFCZUdqQXMzbVNLQllXLTNoSG4tTUUzMDM3b2NqMXFhbzIzUGFsaUZHbHQwSE1EaERqTkk3MU5LMzg1UQ?oc=5) · Knoxville News Sentinel

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58073 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/25.json (key "58073", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide