Gibraltar Private Bank & Trust Co. (merged into Iberiabank)
Gibraltar Private Bank & Trust Co. reported total assets of $1.6 bn at Q4 2017, its last Call Report before it merged into Iberiabank. The CET1 capital ratio at Gibraltar Private Bank & Trust Co. was 12.38%, and the uninsured share of Gibraltar Private Bank & Trust Co. was 41.61%. Source: FDIC Call Reports.
What sets Gibraltar Private Bank & Trust Co. apart
Nothing in the latest data sets Gibraltar Private Bank & Trust Co. apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is Gibraltar Private Bank & Trust Co.?
The balance sheet of Gibraltar Private Bank & Trust Co. at : assets $1.6 bn, deposits $1.1 bn, net loans $1.5 bn (loans equal to 138.48% of deposits). Securities make up 1.9% of total assets at Gibraltar Private Bank & Trust Co.. Since , when Gibraltar Private Bank & Trust Co. held $1.6 bn, its assets shrank 2.3%. In the year to , deposits at Gibraltar Private Bank & Trust Co. rose 4.5% while its total assets fell 0.9%. At , Gibraltar Private Bank & Trust Co. employed 255 full-time equivalent staff across 8 offices, about $6.3 mn of assets per employee and $131.3 mn of deposits per office.
How much funding at Gibraltar Private Bank & Trust Co. is uninsured?
At Gibraltar Private Bank & Trust Co., uninsured deposits (above the FDIC limit) made up 41.61% of domestic deposits at (+7.31 pp on a year earlier). In dollars, Gibraltar Private Bank & Trust Co. estimated $437.2 mn of uninsured deposits.
Key facts, Q4 2017
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $1.1 bn | $1.0 bn (Q4 2016) | |
| Net loans and leases | $1.5 bn | $1.5 bn (Q4 2016) | |
| Loan-to-deposit ratio | 138.48% | 144.89% (Q4 2016) | |
| Tier 1 leverage ratio | 9.02% | 8.77% (Q4 2016) | |
| Total risk-based capital ratio | 13.64% | 13.03% (Q4 2016) | |
| Net interest margin | 3.21% | 3.43% (Q4 2016) | |
| Return on assets (ROA) | 0.27% | 0.11% (Q4 2016) | |
| Efficiency ratio | 90.87% | 97.05% (Q4 2016) | |
| Unrealized gain/loss on held-to-maturity securities | Loss of $22,000 | Narrowed by $3,000 | |
| Unrealized gain/loss on available-for-sale securities | Loss of $16,000 | Turned from a gain into a loss | |
| Noncurrent loans to total loans | 0.76% | 0.64% (Q4 2016) | |
| Net charge-offs to average loans | -0.04% | -0.09% (Q4 2016) |
US rank of Gibraltar Private Bank & Trust Co.: 1 = highest unless marked 1 = lowest.
Balance sheet
Gibraltar Private Bank & Trust Co.: assets, deposits and loans
- Total assets $1.6bn
- Deposits $1.1bn
- Net loans $1.5bn
Capital and securities
The CET1 ratio of Gibraltar Private Bank & Trust Co. stood at 12.38% in , +0.61 pp year on year. Low and high at Gibraltar Private Bank & Trust Co. since : 11.77% () to 12.38% (). Equity capital of Gibraltar Private Bank & Trust Co. at : $146.9 mn, or 9.1% of total assets. Gibraltar Private Bank & Trust Co. also reported a total capital ratio of 13.64% for , and a tier 1 leverage ratio of 9.02%.
On held-to-maturity securities, Gibraltar Private Bank & Trust Co. carried an unrealized loss of $22,000 at , equal to 0.0% of equity capital. The loss narrowed by $3,000 over the year. Its deepest point: $26,000 in . The available-for-sale portfolio of Gibraltar Private Bank & Trust Co. showed an unrealized loss of $16,000 at ; the loss turned from a gain into a loss over the year.
Gibraltar Private Bank & Trust Co.: capital ratios
- Total capital 14%
- CET1 12%
- Tier 1 leverage 9.0%
Gibraltar Private Bank & Trust Co.: unrealized securities gains and losses
- Available for sale -$16,000
- Held to maturity -$22,000
Profitability and loan quality
For the year to , Gibraltar Private Bank & Trust Co. earned a return on equity of 3.05%; return on assets: 0.27%. Net interest margin at Gibraltar Private Bank & Trust Co.: 3.21%, -0.23 pp in a year. Gibraltar Private Bank & Trust Co. net income: $4.4 mn, up 144.0% year on year. The efficiency ratio of Gibraltar Private Bank & Trust Co. was 90.87%: about 91 cents cost per revenue dollar, against 57 cents at the median peer.
At , noncurrent loans were 0.76% of total loans at Gibraltar Private Bank & Trust Co.; net charge-offs: -0.04% of average loans. Gross loans and leases at Gibraltar Private Bank & Trust Co.: $1.5 bn at , against $1.5 bn at .
Gibraltar Private Bank & Trust Co.: profitability
- Return on equity 3.0%
- Net interest margin 3.2%
- Return on assets 0.3%
Peer group of Gibraltar Private Bank & Trust Co.
The peer group of Gibraltar Private Bank & Trust Co. is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 0 share the charter type of Gibraltar Private Bank & Trust Co. (federal savings bank) and 0 have head offices in Florida. Against them, Gibraltar Private Bank & Trust Co. shows CET1 ratio 12.38% against a peer median of 13.00%, return on equity 3.05% against a peer median of 15.00% and uninsured deposit share 41.61% against a peer median of 30.59%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Gulf Coast Bank and Trust Company | State nonmember bank | LA | $1.6 bn | 10.30% | 20.50% | 23.00% | |
| Poppy Bank | State nonmember bank | CA | $1.6 bn | 15.03% | 21.27% | 44.91% | |
| Bridgewater Bank | State nonmember bank | MN | $1.6 bn | 11.15% | 12.13% | 35.86% | |
| Gibraltar Private Bank & Trust Co. | Federal savings bank | FL | $1.6 bn | 12.38% | 3.05% | 41.61% | |
| Lakeside Bank | State nonmember bank | IL | $1.6 bn | 13.91% | 17.86% | 25.31% | |
| UniBank for Savings | State nonmember bank | MA | $1.6 bn | 12.08% | 3.58% | 61.00% | |
| CB&S Bank, Inc. | State nonmember bank | AL | $1.6 bn | 18.51% | 5.91% | 24.17% | |
. FDIC Call Reports.
Last eight quarters
Two years at Gibraltar Private Bank & Trust Co., to : assets $1.6 bn to $1.6 bn, deposits $1.1 bn to $1.1 bn, equity $137.1 mn to $146.9 mn. Staff 278 to 255.
| Metric | Q1 2016 | Q2 2016 | Q3 2016 | Q4 2016 | Q1 2017 | Q2 2017 | Q3 2017 | Q4 2017 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $1.6 bn | $1.6 bn | $1.6 bn | $1.6 bn | $1.6 bn | $1.6 bn | $1.6 bn | $1.6 bn |
| Total deposits | $1.1 bn | $1.1 bn | $1.0 bn | $1.0 bn | $1.1 bn | $1.1 bn | $1.1 bn | $1.1 bn |
| Bank equity capital | $137.1 mn | $138.1 mn | $139.5 mn | $141.6 mn | $142.8 mn | $143.6 mn | $144.4 mn | $146.9 mn |
| CET1 ratio | 11.84% | 11.89% | 11.89% | 11.77% | 11.80% | 12.08% | 12.34% | 12.38% |
| Return on equity (ROE) | -2.88% | -2.73% | -0.36% | 1.30% | 3.21% | 2.40% | 2.27% | 3.05% |
| Uninsured share of domestic deposits | 25.66% | 31.34% | 32.62% | 34.30% | 39.27% | 42.02% | 42.14% | 41.61% |
| Full-time equivalent employees | 278 | 289 | 282 | 287 | 278 | 278 | 273 | 255 |
| Number of offices | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Gibraltar Private Bank & Trust Co., oldest first; figures before and after each event are not like for like.
- . Merged into Iberiabank (FDIC certificate 28100).
Questions and identifiers
What were the total assets of Gibraltar Private Bank & Trust Co.?
Gibraltar Private Bank & Trust Co. reported $1.6 bn at in its Call Report.
Is Gibraltar Private Bank & Trust Co. profitable?
Gibraltar Private Bank & Trust Co. reported net income of $4.4 mn for the year to ; annualized return on equity: 3.05%. So yes: Gibraltar Private Bank & Trust Co. made a profit over these months.
When is data for Gibraltar Private Bank & Trust Co. next updated?
Gibraltar Private Bank & Trust Co. no longer files Call Reports; its data ends at .
Where can I check the figures for Gibraltar Private Bank & Trust Co.?
In the FDIC BankFind Suite record for certificate 32212, and in the Call Reports of Gibraltar Private Bank & Trust Co. (RSSD ID 623771) at the FFIEC Central Data Repository.