# GULFSHORE BANK
TAMPA, FL · FDIC certificate 58762 · asset band $300M-1B · latest filing 2017-03 · stopped filing (departed)

**Verdict on the desk:** this could be *ordinary*. Composite score 1 (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 | $342.4M | |
| Deposits | $290.4M | |
| Loans and leases | $258.4M | |
| Total equity | $36.2M | |
| Loans / deposits | 88.01% (p61 of band) | 83.04% |
| Liquid assets / assets | 22.22% (p42 of band) | |
| Uninsured deposits / deposits | 42.19% (p92 of band) | 20.72% |
| Brokered deposits | 3.61% | |
| Wholesale funding | 7.99% (p60 of band) | |
| FHLB advances / assets | 4.38% | |
| Tier 1 leverage | 10.80% (p64 of band) | 10.16% |
| Unrealized securities loss / equity | -0.14% (p59 of band) | -0.46% |
| AOCI / equity | 0.01% (p17 of band) | |
| ROA (annualized) | 0.64% (p28 of band) | 0.90% |
| Net interest margin | 3.33% (p32 of band) | 3.57% |
| Efficiency ratio | 67.97% (p48 of band) | |
| Noncurrent loans | 0.80% (p60 of band) | 0.63% |
| Net charge-offs (annualized) | 0.00% (p32 of band) | |
| Reserve coverage of noncurrent | 139.63% | |
| Real estate % of loans | 85% | |
| Construction % of loans | 104.20% (p91 of band) | |
| Auto loans | $134,000 (0.05% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | 15.7% | |
| Employees | 50 | |

## Flags firing in the latest filing

- **construction >100% equity** (`conc_construction`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 4 | brokered >10%, wholesale funding >15%, losing money, reserve under noncurrent |  |
| 2011-06 | 3 |  | reserve under noncurrent |
| 2011-09 | 4 | capital falling |  |
| 2011-12 | 4 | leverage <7%, reserve under noncurrent | brokered >10%, wholesale funding >15% |
| 2012-03 | 5 | brokered >10%, wholesale funding >15% | losing money |
| 2012-06 | 4 |  | capital falling |
| 2012-09 | 4 |  |  |
| 2012-12 | 5 | deposits shrinking |  |
| 2013-03 | 2 |  | leverage <7%, brokered >10%, deposits shrinking |
| 2013-06 | 1 |  | wholesale funding >15% |
| 2013-09 | 2 | wholesale funding >15% |  |
| 2013-12 | 1 |  | wholesale funding >15% |
| 2014-03 | 1 |  |  |
| 2014-06 | 1 |  |  |
| 2014-09 | 0 |  | reserve under noncurrent |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 0 |  |  |
| 2015-09 | 2 | deposits shrinking, uninsured deposits leaving |  |
| 2015-12 | 0 |  | deposits shrinking, uninsured deposits leaving |
| 2016-03 | 1 | capital falling |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 0 |  | capital falling |
| 2017-03 | 1 | construction >100% equity |  |

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

- 2020-08-24 [Seacoast Bank doubles down on St. Petersburg - St Pete Catalyst](https://news.google.com/rss/articles/CBMie0FVX3lxTE54N0pCQ2VjSWkzbU5rejk2WG85VVF4QlJUNU8yVlFmTUpaMUxzVmNuZF9Jc2U1ZW5pMlprWkwwdjY4RC1pTGlHakZYZkV6SXJOMm9Id1BkOGVWUkJpc2VYVGtNa3AzZk04MGRpeXdLMVFCdV93UGVjMzdHRQ?oc=5) · St Pete Catalyst
- 2024-04-06 [Seacoast Bank to build new office at existing headquarters on Colorado Avenue in Stuart - Treasure Coast News](https://news.google.com/rss/articles/CBMihgJBVV95cUxOaU9LcjkyQWQzVmRNR29VczRSTXlXN3hpWm4tOWlDMFAyYTRaakF0LWtGVk9EUUZXVUI5SFB1YnEtb2ZMSmVrNkFRYy1DNWlCMkxhakVCLWhuSUhaWHN5cXhEaXk4YVBPaFlXSFp0WXliVUMwWU9pbUFvTUJESDJCWG9vVDI0bGZtN2xIUl92OGpHckJkcDhPR1RZWVR1cmlRcGxHU2dsMUFTUGFZWk9wUk5CZXpmUm5SWVI0RkJTTl8xMjRrcGptVXEwSUZOMEhiV0c2Um5DbHBDTXBad3ZGMGUyckdPbzFZREM1WklsOThVQmZwOTVmT1lFSWRJb2FXcjVNamNn?oc=5) · Treasure Coast News
- 2022-08-11 [Seacoast Bank names Tampa market president amid West Florida expansion - The Business Journals](https://news.google.com/rss/articles/CBMimAFBVV95cUxQelhBdkg2ZmEtRFhZamdaaEo0ZGQ4Y2VPSjdqNER0MVI5ZkFiMU1aZ2daS2VCMW9remV4dnNCcGhwcnlRWkNCYmdBTUpXTlZUZGxVcDFWd3N2RFBjZ2VCNWJYU190WU9FQTRxM2lCazk2QUhCTWF1Z1VrWEUxaURJdVVrc0hFMkNTX2xYV2NESk5HQnNpNjVyTw?oc=5) · The Business Journals
- 2016-11-04 [Tampa's GulfShore Bank acquired by Stuart-based Seacoast Banking Corp. - Tampa Bay Times](https://news.google.com/rss/articles/CBMiwgFBVV95cUxOTG1BTkZVVUVOYXRSRWk4U0dlc1JWeHBvdElHQ05ieE1WbWRKUkFXallUbnJEdURvQzVzY2VHOVhXTnk4TzNBVHFmaE9ON1hRN0I2SGZ3TlVaRmlPU0R1WnUzRDlBS09BNm1PRVNVNFBLN195ZVZvVHM0Zk1XLVd6UUdMZlVlQ0lROXBUWFRIMXlXbTlRRzl6VEMxaGM5OEVjT0p6QVo4UndrOHlpZXlFd1NKTXNKaEVFYUVMdkJpeVFVQQ?oc=5) · Tampa Bay Times
- 2020-01-24 [St. Pete’s Freedom Bank sells to Seacoast - St Pete Catalyst](https://news.google.com/rss/articles/CBMidkFVX3lxTFBIY1NIZmxrLWJPRXA0RS1pelJ6VkpxWGIwaTduZ1VxR1c2clNLSVlPcUR1akYxYUdyM2NHRXp5U2FNd3FHTFRxQnlLbFcwbHAzUGcwQl9sbTUtZ3pzT2hNQzlidkxISHpjVXlqLXJ3Y21oZmNOZEE?oc=5) · St Pete Catalyst
- 2025-09-22 [Gov. DeSantis names 4 to Tampa-Hillsborough Expressway Authority, including 2 new faces - Florida Politics](https://news.google.com/rss/articles/CBMiygFBVV95cUxOVjZZa1J3SnNFRjVIUFFqQlc5WVVmaVN4b3NXcU9MUDYtV3VEX3FsR2xrVFJsNHFGSFViN3oyal81QUVZdUNPTjl4bENtb3VsamFUWmRrd1h0ZzFzTGM4U3lNZnQwZWxOMllmM1VHRl9QT01ZczNOU01IemJDU1IwbW5RWHJHT0NoaGIxeURFZ3lKYWsySkwzTEtjaEpoSmZocGFCaTN0ZDlXTVdQSEpjemdvRHpWMGN2U1FhanFSeWpLNG9mUk1HUkRB?oc=5) · Florida Politics
- 2018-08-14 [Seacoast National Bank lands a well-known Tampa banker to lead the local market - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxNaHFLNFNWMVpmZ3VnOVlzY2FoLTJtVjFLbnl6QTMxQ0xiYXVhelhSWEVINWQ4ZlhCaWRLYXhrWExackdiSTRTRnBzblRBVEdXeE41TmgwQ0w5YktpemVCZGNxTmRYM3ZJWnloX0VkVGw3SDBxbTd6aGhwX3hHRHNMcVJNM0dBZElqR1FvdXg1TTYwQ1pOYzNmTExfLUQzWTZ0bTY1R0hkQlo?oc=5) · The Business Journals
- 2021-04-08 [Flagship Bank set to open downtown St. Petersburg office - St Pete Catalyst](https://news.google.com/rss/articles/CBMiiwFBVV95cUxOTDNLc3EwYjJSUXpfRHVKeFdia1M1RXN6WG9FNjZQMG9sMHJvS24yeHQteW9sMm5XV2xzaVRwd1g4X0QxczE0Y1NvUDZlYWc5UVF5V0FrUDduaWdpZVFJSXBIZkpKUDg5X2FVQkdiS2YtaEd5NzdaYS1zRER4LXZZcVBwZEZVbmNqMVIw?oc=5) · St Pete Catalyst

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58762 (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/10.json (key "58762", 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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