2015 Annual Report
Be Local
As we celebrate 25 years of lending this community a helping hand along with strong, reliable financial advice, we are more enthralled than ever with the promise of a resilient place that finds the silver lining in every storm. It is our pleasure to help so many families and businesses branch out from their hometown roots. This is the place where the crescent moon and stars shine brightest.
2015 Annual Report BANK NOTES
ging . We are brin t to the inside is tw ake at m s ok to bo gether for the record and present to st pa e th 2015 was one . ny ompa tiful! ank & Trust C something beau Gulf Coast B nded ated its br le ce nk 2015, we expa ba e in th ly al on iti dd A For starters, am agined mond with a te Coast Bank Donates y! We never im April 8, 2015: Gulf downtown Ham to in 25th anniversar f ul ts G en , m ow s. N 2015 Winners of the charter docu rienced banker tal of $50,000 to pe To ex of when we signed nd to ou ar y grow s Program ring of offices e would one da Community Reward Coast offers a in 1990 that w the ng si ea cr . in train, asset bank Lake Pontchar a $1.4 Billion age for our d to the tie ly ct Coast Bank Mortg re ease of access di d an is e s nc es ie cc en April 9, 2015: Gulf su nv co Our a th ian bo uis of Lo mmond, d dedication ers. nding Expands In Ha Le om st cu commitment an s ha s. ee e ploy here at hom s and our em Our success our customer r ei th en op her its reach t Bank Travels s r client e bank to furt 15, 2015: Gulf Coas th , ne ed Ju w lo al Every day, ou st Coa ing up division, Gulf arketplace, serv To Mexico the factoring in doors in the m , ys se of bo ha rc po with the pu roast beef t, us di io re C lic s de es in Bus sloppy of retail lf Coast Bank & do, Florida. broad spectrum ember 25, 2015: Gu actors in Orlan pt iF Se er m A constructing a to ry ge luxu on Rou t Raises Over e, lathering up around from Bat .’s Fundraising Even Co ok t lo us e Tr w s A and office spac e thshor average h, from the Nor guiding even $90,000 . Bernard Paris St shaves, and e from ic ith n, w so s come true West Jeffer le ta d h an fis to st s Ea er to angl s, e love to lf Coast Bank of New Orlean caught fish. W mber 8, 2015: Gu ce ond to the City De m am H chests of fresh ur O be d l, an ch Location t we see. local, play loca uraged by wha mpany Opens Bran co Co t en us e Tr ar e w eat local, shop e m e are at spite so a exactly who w strong, and de Hammond, Louisian community is local. Local is nges, it is le al ch ic om on k. very difficult ec Gulf Coast Ban ery lf Coast Bank liency. come to work ev s er nk ba uary 2, 2016: Gu its reliable resi st br g oa Fe in ov pr Gulf C r e ve ev ne achi s 2015 Rec band, we to help others Company Announce Second-Line t us a Tr ke Li morning ready n al r ow financi forward to ou and business Earnings e of moving tir their personal er ys of th jo ge e to th s. Working brating all m le ea ce , dr at d be an l s ca lo goal ke time for ue region. Ta t thing every re in our uniq he e lif to do the righ y jo us en do , en with us has paid trem e to celebrate tim e m so our customers e. r m d ou at ho community an s of life here all the treasure dividends. Our give ! lo er cal, play cal, r been strong t local, shop lo Ea bank have neve s re at er u’ om yo st nd while g with our cu and be local. A l, ca lo Growing alon . ts ke mar o! into two new it, bank local to has taken us s to the or do e th ed en op e In 2015, w ic bank tion of a histor Loving local, stunning renova aining nt Gretna, mai s ld O in g in Guy T. William build ide y of the outs or gl EO C al & on t iti Presiden the trad modern a surprisingly while adding
Table of Contents 1-2 : Be Local Celebrating 25 years
4 : Message from our President Guy T. Williams
5-6 : Grow Local Financial Highlights & Equity Chart
7-8 : Eat Local Restaurant Testimonials
9-10 : Give Local Community Service
11-12 : Shop Local Retail Testimonials & Board of Directors
13-14 : Play Local Activity Testimonials
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Be Local
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Bank Local
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Grow Local
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Eat Local
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Give Local
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Shop Local
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Play Local
Be Local
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Bank Local
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Grow Local
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Eat Local
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Give Local
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Shop Local
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Play Local
Grow Local Financial Highlights
Total Equity Capital 1990 - 2015 $120,000
Statements of financial condition and operations, year ended December 31, 2015 (in thousands)
$100,000
A S S E TS
LIABILITIES & EQUITY
Interest income
$85,306
$35,194
Interest expense
($12,514)
Other Liabilities
$12,855
Loan loss provision
($2,302)
Total Equity Capital
$114,784
Non-interest income
$29,841
Non-interest expense
($71,851)
Income tax expense
($2,517)
NET INCOME
$25,963
Cash & due from banks: $73,890
Deposits
Investment securities & other investments:
Borrowings
Loans (net):
$217,782 $1,012,441
Bank premises (net): Other assets:
$1,209,825
$37,069 $31,476
TOTAL ASSETS:
STATEMENT OF OPERATIONS
$1,372,658
TOTAL LIABILITIES & EQUITY
$1,372,658
$80,000
$60,000
$40,000
$20,000
$0 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
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From His Kitchen to Yours...
Eat Local
Guy Williams’ Blackened Redfish
From blackened redfish to white chocolate bread
whether it’s Dat Dog or Dis and Dem, even ordinary
pudding, we are happy to share our table with the
foods are served up with extraordinary flair. From
world. Louisiana cuisine is revered the world over,
the chargrilled delicacy of Acme Oysters to the
and for good reason. Our chefs are not just culinary
savory sensations of Del Porto, restaurants rely on
kings and queens, they are the pioneers of the
Gulf Coast Bank for sterling service with a smile.
as taught to him by Chef Paul Prudhomme when Guy and Dale lived on Esplanade Ave.
- Parkway Bakery & Tavern -
New Orle ans 0 Own er, Jay Nix: “Sh opp ing loca l
help s mai ntai n our uniq ue cult ure and auth enti city, kee ps doll ars in our com mun ity and crea tes mor e loca l jobs . My pers ona l expe rien ce in ope ning and grow ing Park way Bak ery and Tave rn with Mic key Spe ncer is the grea test reas on to bank with a loca l com mun ity bank . Ban king with Gulf Coa st Ban k and Trus t insu red that key cust ome r deci sion s were mad e loca lly with face to face ban k prof essi ona ls.”
palate. At Gulf Coast Bank, we don’t just bank a host of restaurants, we bank on their ingenuity. It’s easy to overindulge in their dishes. Because
Ingredients:
- Skinless redfish fillets, rinsed and patted dry - 1 stick of butter - Seasoning Mix: combine equal parts of the following: Paul Prudhomme’s Blackened Redfish Magic, dried parsley & dried sweet basil - Fresh spinach leaves - Well-seasoned cast iron skillet
Directions:
- Rocky & Carlo’s -
- Turn on kitchen exhaust fan, open window or door. - Heat cast iron skillet on stove top over HIGH heat until skillet is extremely hot (15-20 minutes) - Melt butter in bowl in microwave - Dredge redfish fillets in melted butter - Sprinkle each side of the redfish fillet with the seasoning mixture - Place a redfish fillet in the hot skillet - Cook for 2 minutes and flip, cook the other side an additional 2 minutes - Remove the fillet from the skillet to rest on a paper towel covered plate - Once all redfish fillets have been blackened, add spinach to the skillet - Toss the spinach with a wooden spoon for 1 minute, until coated and emerald green. The spinach will clean the skillet, picking up the seasoning and pan drippings, making an excellent side dish
St. Ber nar d 0 Own er, Tom my Tom mas eo: “Ro cky
- City Pork -
& Carl o’s is a fam ily inst ituti on in St. Bern ard. We wan t to ban k with som eone who knows us, knows our customers and knows our community the way families do! We ban k with Gulf Coa st Ban k beca use, like our fam ily, they are a stro ng part of the com mun ity.”
“I lov e
ph en Hig hto we r: Ba ton Ro ug e 0 Ow ne r, Ste am Ba nk bec aus e I fee l like I
- Liz’s Where Y’at Diner
ban kin g at Gu lf Co ast ff and I are gre ete d wh en ban kin g wit h fam ily. My sta eve ryo ne the re is hel pfu l we ent er the bra nch , and iat e wh at the y do in the and kno wle dge abl e. I app rec y do for me and my sta ff com mu nit y and wh at the nk is the ban k tha t car es eve ry day. Gu lf Co ast Ba abo ut me !”
-
n: “Ba nki ng wit Ma nde vill e 0 Ow ner, Liz Mu nso
h
con ven ien t, frie ndl y Gul f Coa st Ban k and Tru st is per son al atte ntio n and sma ll eno ugh to giv e me the ds. ” I nee d for all of my ban kin g nee
The Louisiana seafood industry’s total economic impact is around $1.8 billion annually.
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Gulf Coast Bank & Trust
Gives Local
District Donuts, Sliders & Brew StreatCar Gulf Coast Bank donated the vehicle behind the local favorite District StreatCar, which serves delicious donuts while raising awareness and educating customers about the needs of over 5,000 children in foster care. All of the profits from the food truck benefit local kids in foster care through the work of Crossroads NOLA. One man’s dream is making a difference, one donut at a time.
Fuel the Future Fuel the Future, created by Gulf Coast Bank’s senior management team member Slade Simons, seeks to provide nourishment and meaningful life experiences for inner city children in New Orleans to help break
Give Local
the cycle of poverty. Gulf Coast Bank recently sponsored a targeted
Gulf Coast Bank has raised $674,000 over the past 8 years for local charities and nonprofit organizations.
food drive to fuel the future by collecting specific food items to create hundreds of take home bags, ensuring the children’s nutritional needs are met over the weekends.
Auctions in August Studies show that Louisianians are among the most charitable people in the country. It’s no surprise. Along with our Southern hospitality goes our sense of community and caring. Our success at Gulf Coast Bank has empowered us to help others who need us most. Today our Community Rewards program and Auctions in August are major fundraisers for schools, churches, organizations and clubs. We “Pack the Park” to help organizations and support the Zephyrs; we restore our lake by supporting
Gulf Coast Bank hosts an annual online and in branch silent auction
the Lake Pontchartrain Basin Foundation. At Gulf Coast Bank, we are dedicated to reinvesting in the community we serve.
during Auctions in August with 100% of the proceeds donated to local charities and nonprofit organizations. At the 2015 auction, over $90,000 was raised adding to a collective total of $674,000 over the past 8 years. Together with the public, bankers generate fun and funds to more than 350 local, statewide and national nonprofits and schools.
Community Rewards Community Rewards brings out the competitive side of our bankers, customers and communities with an online voting contest. Each year the program rewards a total of $50,000 to the top 10 local nonprofit organizations and charities voted on by the community. Community Rewards also allows these local organizations to spread their message while participating in the friendly competition.
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Shop Local Under wrought iron balconies are galleries of art and history. Stroll the sidewalks of fabled streets
For every $100 spent at local small businesses, $68 returns to our community.
Aidan Gill for Men i
and they are lined with quaint boutiques and
New Orleans
markets. Shopping in our community is as varied
“Who would want to work with the national chains? We saw what happened here after Katrina – the big boxes and national outfits were slow to come back – they left us hanging. I want to bank with someone who lives here and is invested here the way I am.” - Aidan Gill, Owner
as the culture itself. From the edgy designs of Fleurty Girl to the classic elegance of Rubensteins, there’s something for everyone in a place that has a style all its own. Gulf Coast Bank is part of the fabric that has tailored our community’s stores and shops. Our community banking skills spawn start-
Our Board of Directors at Aidan Gill for men
ups and furnish capital for retail profits.
Left to Right: Guy T. Williams (seated), Charles Justice III, Joyce Bergeron, Phil Mullins, Dieter Hugel (seated), Ted Laborde. David B. Strassner (not pictured)
Bayou Booksellers g Hammond
Talebloo Oriental Rugs & Antiques i
“We love banking at Gulf Coast Bank & Trust Co. because of their friendly, knowledgeable staff that provides a high level of service. I love the convenience, the personal touch, the easy online banking and the fact that they recognize me every time I come in. What a wonderful community bank!” - Dottie Bourgeois, Owner
New Orleans
“As a small business owner, I enjoy being able to call a knowledgeable, friendly banker who knows all about me and my business – who knows what is happening in our community. That is why I bank with Gulf Coast Bank & Trust.” - Lou Talebloo, Owner
1010 Nic g The Southern Hotel
“Gulf Coast Bank helped us realize the potential of creating 1010 Nic. The team at Gulf Coast Bank motivated us to dig in and execute a strategy to purchase an old warehouse, renovating it into a sustainable and competitive commercial business. They were the game changer that made our dream possible; they walked us through every step of the process with a great deal of patience and time.” - Carol LaCour
Old Covington
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Baton R ouge
“Banking locally works well for the Southern Hotel on many levelsconvenience, shared interest in the vitality of our community, and a sense of teamwork all make for a very pleasant experience.” - Lisa Condrey
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Play Local Revelry is inescapable here. There’s always a festival, a fete, a frolicking good time. We play as hard as we work, and in the Big Easy, it’s easy to have a good time. From the sounds of Gretna Fest to the cheers of Zephyrs Baseball, we support many events and experiences that make life worth living. We believe in bringing families together and embracing a lifestyle that is alluring and enchanting. It is a charmed life to be in the land of the good fortune.
Zephyrs Baseball
- Metairie
“At the end of the day we are a local business that focuses on the surrounding community. It makes good business and fiscal sense to partner with a local financial institution that shares our goals for the community. Gulf Coast Bank shares our vision and passion for serving the community.” - Augusto Rojas, Jr. JD
Bigfish Fishing Charter
- Slidell
“Big banks didn’t seem eager to help out my recreational fishing business. Gulf Coast Bank took the time to look at all aspects of what we do and what we wanted to do and found a way to do it. A relationship with a community bank, like Gulf Coast, made my business expansion possible.” - Captain CT Williams, III, Owner
Saladino Gallery -
Old Covington
“As a small business owner, it’s a welcome feeling to know that my bank has a close relationship to the community it services. Just as it is with family, good and healthy commerce also takes a village.” - Danny Saladino, Owner
Playmaker Indoor Sports -
Covington
“Gulf Coast Bank has been instrumental in helping me grow my business at Playmakers. Their trademark personal service and lending flexibility has put us in a better long term position.” - Ryan Enk, Owner/Operator
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Baton Rouge
Old Goodwood, Perkins
Northshore
Boston Street, Covington, Hammond, Highway 22, Slidell
Eastbank
Carrollton, Lakeview, Magazine, Main Office, Transcontinental, Veterans, Williams
Westbank
Gretna, Manhattan, Terrytown
St. Bernard
Business Center, Civic Center
Welcome to our new locations! Gretna on the Westbank
& Hammond on the Northshore
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