Our Financials  

An advantage of trusting United Capital Funding with your accounts receivable financing is that our parent company, Gulf Coast Bank & Trust, publishes its financial information.

We provide this as a courtesy to our clients so that you can rest assured your money is safe. Many of our competitors do not provide their clients with this luxury, so if they decided to close their doors tomorrow, you’d have no warning.

Click here to read Gulf Coast Bank & Trust Company’s 2021 annual report. Our statement of financial condition and operations are also reflected in the figures below.

Gulf Coast Bank Assets (in thousands)
Category20212020
Cash & Due From Banks$292.089$154,231
Investment Securities$635,723$250,033
Loans$1,798,226$1,800,209
Other Assets$97,116$92,105
TOTAL ASSETS$2,823,154$2,296,578
Liabilities & Equity (in thousands)
Category20212020
Deposits$2,552,602$2,059,287
Borrowings$8,080$21,102
Other Liabilities$27,833$23,136
Equity Capital$234,639$193,053
TOTAL LIABILITIES & EQUITY$2,823,154$2,296,578
Statement of Operations (in thousands)
Category20212020
Interest Income$173,041$141,119
Interest Expense($9,546)($15,312)
Loan Loss Provision($8,188)($17,402)
Non-Interest Income$55,081$53,123
Non-Interest Expense($148,713)($133,101)
Income Tax Expense($13,207)($5,717)
NET INCOME$48,468$22,710