Gulf State Community Bank
Carrabelle, FL · Owner: Gulf State Bcorp
$112M
total assets, September 30, 2010
$112M
total assets, September 30, 2010
Gulf State Community Bank was a state nonmember bank in Carrabelle, FL, owned by Gulf State Bcorp. It failed on Nov 19, 2010, and Centennial Bank took over its deposits. At its last report it held $112.1 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 2010
This bank failed
- Failed on
- Nov 19, 2010
- Assets
- $112M
- Deposits
- $112M
- Estimated cost
- $44.4M
- Deposits went to
- Centennial Bank, Conway, AR
Total assets
$112M
-4.3% in a year · -4.3% in a quarter
Deposits
$112M
+1.9% in a year · -3.0% in a quarter
Loans
$74.0M
-13.7% in a year · -2.0% in a quarter
Profit so far
-$4.3M
Jan 1 to Sep 30, 2010
Capital ratio
-0.53%
-5.70 pts in a year
Return on assets
-4.88%
+0.11 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 206 St. James Avenue, Carrabelle, FL, 32322
- County
- Franklin
- Holding company
- Gulf State Bcorp
- Established
- Jan 6, 1971
- Failed
- Nov 19, 2010
- Employees
- 50
- Branches
- 5
- Id
- b20340
Quarter by quarter
March 31, 1984 to September 30, 2010
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Gulf State Community Bank?
$112.1 million in total assets and $112.2 million in deposits as of September 30, 2010, with assets down 4.3% from a year before. Its loans were $74.0 million.
How many branches does Gulf State Community Bank have?
5 branches in Florida as of June 30, 2026.
Is Gulf State Community Bank profitable?
No: it lost $4.29 million from January 1 to September 30, 2010. Its return on assets was -4.88% a year; about 1% is typical.
Who owns Gulf State Community Bank?
Gulf State Community Bank is owned by Gulf State Bcorp, its holding company.
When did Gulf State Community Bank fail?
Nov 19, 2010. Centennial Bank of Conway, AR took over its deposits. The estimated cost of the failure was $44.4 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.