Coastal Financial Corp
Company Overview
Coastal Financial Corporation operates as the bank holding company for Coastal Community Bank that provides various banking products and services to small to medium-sized businesses, professionals, and individuals in the Puget Sound region in Washington. The company offers deposit products, including checking accounts, savings accounts, money market accounts, and certificates of deposit.
The bank also provides commercial and industrial loans, commercial real estate loans, construction loans, residential real estate loans, and consumer loans, as well as CCBX, a digital banking platform that provides banking services to fintech companies.
Use of Interest
| Reporting Date | Total Revenue | Total Operating Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $229.93m | $32.89m | $72.19m | $32.89m | 31.40% | 100.00% |
| June 30, 2024 | $203.91m | $31.25m | $66.24m | $31.25m | 32.48% | 100.00% |
| March 31, 2024 | $232.37m | $29.54m | $60.94m | $29.54m | 26.22% | 100.00% |
Company Impact
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