Southcoast Bank Corp.
West Palm Beach, FL
$26.1M
total assets, June 30, 1991
$26.1M
total assets, June 30, 1991
Southcoast Bank Corp. was a state nonmember bank in West Palm Beach, FL. It failed on Aug 9, 1991, and its insured deposits were paid out. At its last report it held $26.1 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1991
This bank failed
- Failed on
- Aug 9, 1991
- Assets
- $26.1M
- Deposits
- $26.7M
- Estimated cost
- $12.6M
- Deposits went to
- payout
Total assets
$26.1M
-16.4% in a year · -3.6% in a quarter
Deposits
$26.7M
-5.3% in a year · +0.6% in a quarter
Loans
$20.3M
-14.3% in a year · -3.2% in a quarter
Profit so far
-$1.7M
Jan 1 to Jun 30, 1991 · -13092.3% in a year
Capital ratio
-4.21%
-10.73 pts in a year
Return on assets
-12.32%
-12.41 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 515 North Flagler Drive, West Palm Beach, FL, 33401
- County
- Palm Beach
- Established
- May 29, 1974
- Failed
- Aug 9, 1991
- Employees
- 16
- Id
- b21605
Quarter by quarter
March 31, 1984 to June 30, 1991
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 Southcoast Bank Corp.?
$26.1 million in total assets and $26.7 million in deposits as of June 30, 1991, with assets down 16.4% from a year before. Its loans were $20.3 million.
Is Southcoast Bank Corp. profitable?
No: it lost $1.69 million from January 1 to June 30, 1991. Its return on assets was -12.32% a year; about 1% is typical.
When did Southcoast Bank Corp. fail?
Aug 9, 1991. The estimated cost of the failure was $12.6 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.