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Intracoastal Bank Announces 2014 Results

Palm Coast, Florida (January 16, 2015) - Intracoastal Bank today announced financial results for the year ended December 31, 2014.

Total assets at December 31, 2014, were $236.6 million up $36.8 million, or 18%, from $199.8 million at December 31, 2013.

Total loans at December 31, 2014 were $124.4 million, up 18.1 million, or 17% from $106.3 million, at December 31, 2013.

Total deposits at December 31, 2014 were $214.7 million, up 31.8 million, or 17% from $182.9 million, at December 31, 2013.

Net income for the full year 2014 increased by 7% from the full year 2013.

Intracoastal Bank's President and Chief Executive Officer Bruce E. Page reported that the Bank Tier 1 capital ratio was 9.1% at December 31, 2014, higher than what is required to be considered well capitalized. The Bank has good credit quality with no material delinquent loans, no foreclosed properties and no charge offs for 2014. Mr. Page said, "Intracoastal Bank has consistently performed better than expectations and significantly above industry norms in every key area of performance. Our strong financial performance has positioned the Bank to continue to grow and make loans for the betterment of the community and local economy."

Intracoastal Bank is a locally owned and operated financial institution. The Bank serves theFlagler and Volusia Counties area. The bank offers a full range of deposit and loan products tailored to meet the needs of customers and the community. The bank is a state charted business bank, member FDIC. More corporate information and e-banking are available at http://www.intracoastalbank.net , or join the conversation with Intracoastal Bank on Facebook at https://www.facebook.com/intracoastalbank.

For further information, please feel free to contact:

  • Bruce Page
  • President & C.E.O.
  • 1290 Palm Coast Parkway NW
  • Palm Coast, FL. 32137
    • Office:
    • 386- 449-0958
    • Fax:
    • 386-447-1663
    • Cell:
    • 386-864-0611
    • Email:
    • bpage@intracoastalbank.net
    • Find Us on Facebook:
    • https://www.facebook.com/intracoastalbank