# GULFSIDE BANK
SARASOTA, FL · FDIC certificate 59140 · asset band $300M-1B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *fortress*. Composite score 0 (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 | $344.6M | |
| Deposits | $294.1M | |
| Loans and leases | $255.9M | |
| Total equity | $35.5M | |
| Loans / deposits | 86.09% (p61 of band) | 82.04% |
| Liquid assets / assets | 22.80% (p43 of band) | |
| Uninsured deposits / deposits | 41.82% (p90 of band) | 25.97% |
| Brokered deposits | 0.29% | |
| Wholesale funding | 3.92% (p53 of band) | |
| FHLB advances / assets | 3.63% | |
| Tier 1 leverage | 11.24% (p59 of band) | 10.81% |
| Unrealized securities loss / equity | -18.09% (p25 of band) | -8.10% |
| AOCI / equity | -0.28% (p54 of band) | |
| ROA (annualized) | 1.45% (p61 of band) | 1.28% |
| Net interest margin | 3.92% (p51 of band) | 3.91% |
| Efficiency ratio | 51.77% (p22 of band) | |
| Noncurrent loans | 0.00% (p4 of band) | 0.43% |
| Net charge-offs (annualized) | 0.00% (p29 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 91% | |
| Construction % of loans | 60.95% (p65 of band) | |
| Auto loans | $4,000 (0.00% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 3.5% | |
| Employees | 30 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2018-12 | 4 | uninsured deposits >50%, losing money, expense ratio p90, NIM <2.5% |  |
| 2019-03 | 4 |  |  |
| 2019-06 | 4 | capital falling | NIM <2.5% |
| 2019-09 | 4 |  |  |
| 2019-12 | 3 |  | uninsured deposits >50% |
| 2020-03 | 4 | uninsured deposits >50% |  |
| 2020-06 | 4 |  |  |
| 2020-09 | 3 |  | expense ratio p90 |
| 2020-12 | 2 |  | losing money |
| 2021-03 | 3 | NIM <2.5% |  |
| 2021-06 | 3 |  |  |
| 2021-09 | 2 |  | capital falling |
| 2021-12 | 2 |  |  |
| 2022-03 | 1 |  | NIM <2.5% |
| 2022-06 | 4 | capital falling, AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-09 | 3 |  | capital falling |
| 2022-12 | 3 |  |  |
| 2023-03 | 2 |  | AOCI drag >20% of equity |
| 2023-06 | 2 | capital falling | uninsured deposits >50% |
| 2023-09 | 1 |  | capital falling |
| 2023-12 | 1 |  |  |
| 2024-03 | 1 |  |  |
| 2024-06 | 2 | capital falling |  |
| 2024-09 | 0 |  | securities losses >30% of equity, capital falling |
| 2024-12 | 1 | securities losses >30% of equity |  |
| 2025-03 | 0 |  | securities losses >30% of equity |
| 2025-06 | 0 |  |  |
| 2025-09 | 0 |  |  |
| 2025-12 | 0 |  |  |
| 2026-03 | 0 |  |  |
| 2026-06 | 0 |  |  |

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

- 2023-03-23 [Gulfside Bank hires leadership for new upcoming location - Business Observer](https://news.google.com/rss/articles/CBMiqAFBVV95cUxPMjZCR1NNbFNwbVo3WXNBN1ZyMm5uOE40QVlocDJzcjQ5TkxkUHNnNG80N00tUlpsZnQ5eEFJVmpLZlR5dGxVR3pvcEVBem9TQnZpUXUzRlhGWDM5TS1Jc1J2eFV5MDRKMTFxbDdNNkc0amRHMFZqQUZPWHJkdnBzUHNOcTUyNk1NSUVWV0RoYnZQbFgyRC1OYjRBdThycDl4dTM4TVZDSFk?oc=5) · Business Observer
- 2018-11-13 [Area's first new bank in a decade opens - Sarasota Herald-Tribune](https://news.google.com/rss/articles/CBMivAFBVV95cUxPdE9IekRmdE95V0lrVWtfUVlhdHQ0ZDZMOE0zOU9sb3d0NjNHN1I5S1JDUnYwTHFkcEtIcXV0dlRoV3llS05CSTVfanoyZi1hM1cwLTlqR0lnUklUa2VQRlRTcTVvVnBNSDd3Y3Q1MDhmMWtjSDF3VWZ2TjdqWVdzc1FUZ19QSDJvN202Snl3MzVhUjBoVkkwbTZDdS1EeVhSNDF1Q0I4X2pwTTZCOHJuaEVjRnFGR0M3UXAxSg?oc=5) · Sarasota Herald-Tribune
- 2018-06-28 [Making Bank - SRQ Magazine](https://news.google.com/rss/articles/CBMiYkFVX3lxTE96ZlJnMktBRmhzTDVBQlZ0bVg0dW1zQzRSMHBiWVdVZWlleGx5dlhZZkFWdkNjWV9mSjVkLURFM2hfR1c2elVKMy1lNVIyM1lYNzFuSlVPYUZDNmlCcjlmcGF3?oc=5) · SRQ Magazine
- 2024-11-09 [Governor Ron DeSantis Appoints Rogan Donelly to the University of South Florida Board of Trustees - Office of Governor Ron DeSantis](https://news.google.com/rss/articles/CBMiuAFBVV95cUxOLVdvNTl3bEMwbVA2Q1Uyb25ZMERzNXZJUGlBMkFQdnU3cjlocGMweFZ2aHh1bzRKWFMwaE1MYUFwOG1DMmZwdVVORGlrRXlnTjVlbVpmVG5ScmZJczA3RG8tdGZWeThRWlBwN0Qtclo2WWo4ZlBPWDZnQkl5ZTVkYlhSX1dyRklNUDl6UE5TUmVUSmNhRTlCa1I2eGd3emFZTVgxQjhNSVNvQ253cXlMVFJNc0wzVVN3?oc=5) · Office of Governor Ron DeSantis
- 2026-01-09 [SanCap Bank partners Jack Henry for core upgrade - FinTech Futures](https://news.google.com/rss/articles/CBMipgFBVV95cUxQNUhRanlJQVJJYThOLUYzRjFqMktJeGZUNEdzVm4xc25IaGk2T0F4bk1ndTM1aWI1YmxDNlRIUkVVcFhPSkRhVjAzUUZTbU5hQWxNQ1hiZTdaUFpLYk5TcEluTjRRTHdoQXVxS2FCRFlncVNRQmtFRVhiRXJicUdndXFlUWNOcnJKWnFEUm1yRjVWMS1neExmVUQyUGlPMVVVOW5zTUNn?oc=5) · FinTech Futures
- 2019-06-12 [Sarasota banker Dennis Murphy wins FBA award - Sarasota Herald-Tribune](https://news.google.com/rss/articles/CBMiswFBVV95cUxObjlPa0VZcDJ3T3E0MWNlVDI5TkJDR1ZtVHcxYXh1SFJtLXZXVVlPX1JhRUZMeF9Za0tOckJOVWlUbVFzYXltRU9ycC0wR2xJSHJhUEkwaDhpalE3dlE1MFBBQ1Rua25uM1hSamVXc3BNOUJkVG16VkE4YjFkQ1U0MGNFWjJpUFBmNk42by04UzlCR1kyci0xcWR5MUUxTmNwNXA0cnRDMFJkN21tVW5PZFVnMA?oc=5) · Sarasota Herald-Tribune
- 2018-10-01 [New community bank names two executives - Business Observer](https://news.google.com/rss/articles/CBMipgFBVV95cUxQUnlDVkhxa192RTVyeHo2NG5XRXFLZUV3djlibGx5Y2k0bmc0Rng2N1BRejI0NTJnNGJGdzRYWVBkSWtDQVV1TlcwRWd2ODh1Y2Z5QXJ1WTNSMnFqYk44RVBwdHJIaDh5YXF2X3prTE56MlZkek1mbWM4dWJWNkR0X1k2aWFERnpUY0lJVF9ZOFdDaWJGeXViMkFpak1fZTBtQjAzdGxB?oc=5) · Business Observer
- 2018-08-21 [New local bank raises $20 million - Sarasota Herald-Tribune](https://news.google.com/rss/articles/CBMizAFBVV95cUxQSXhlZ2xZWXFqSFNwZmxxbHBlbjIzSEx6QllvalZ5MnNhSEYyS0dJczlRR1JTRWM3aDI0RWZnNUQxcVJ2cmpGUUFUX1hMbHQ5b003Q0x6TjlUYjdrcDdBYWFDeUJ0LS1xTUNMREVBY2hvWFNrUlZxTWk4N3BEdzQyS29vM015VEYtOElRMkViZ0FwOXFPN2tyVklZTFcwSURNSDVKeURRb0VvblFzZEQxMzhjaGt6a05XaVpJaVp6eUF1ZHBRNDZob2luWlA?oc=5) · Sarasota Herald-Tribune

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=59140 (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/4.json (key "59140", 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