FDIC Certificate #: 33025 Status: Inactive Closing history: Corrections Acquiring institution:First California Bank (#22819) Federal Reserve ID: 1463705 Date Established: August 01, 1990 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 6 (Interstate: No) FDIC's unique #: 46233 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: August 01, 1990 Last Structure Change Effective Date: January 23, 2009 Last Structure Change Process Date: Febuary 02, 2009 Last Data Update: Febuary 02, 2009 Data Source Date: April 05, 2012
Location
Address: 218 East State Street, Redlands, CA 92373 County: San Bernardino Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Los Angeles (North) Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Riverside-San Bernardino, CA (#6780) Consolidated Metropolitan Statistical Area (CMSA): Los Angeles-Riverside-Orange County, CA (#49) Combined Statistical Area (CSA): Los Angeles-Long Beach-Riverside, CA (#348) Core Based Statistical Area (CBSA): Riverside-San Bernardino-Ontario, CA (#40140) CBSA Metro Statistical Area: Riverside-San Bernardino-Ontario, CA (#40140)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $798.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2008)
Dollar figures in thousands
129Total employees (full-time equivalent)
$797,959Total assets
$90,153Cash and due from depository institutions
$79,487Interest-bearing balances
$167,799Securities
$0Federal funds sold & reverse repurchase agreements
$476,777Net loans & leases
$32,140Loan loss allowance
$0Trading account assets
$2,451Bank premises and fixed assets
$20,429Other real estate owned
$4,534Goodwill and other intangibles
$15,177Life insurance assets
$35,816All other assets
$797,959Total liabilities and capital
$786,911Total liabilities
$678,570Total deposits
$589,577Interest-bearing deposits
$678,570Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$103,270Other borrowed funds
$0Subordinated debt
$5,071All other liabilities
$11,048Total equity capital
$11,048Total bank equity capital
$11,048Perpetual preferred stock
$0Common stock
$5,943Surplus
$27,999Undivided profits
Memoranda
$-22,894Noncurrent loans and leases
$99,910Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$94,993Earning assets
$1,496Long-term assets (5+ years)
$2,867Average Assets, year-to-date
$724,063Average Assets, quarterly
$185,895Volatile liabilities
$780,523Insider loans
$868,087FHLB advances
$131,903Loans and leases held for sale
$1,478Unused loan commitments
$103,270Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$99,910Total unused commitments
$7,504Restructured Loans and leases
$6,825Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$39,318Total interest income
$18,380Total interest expense
$20,938Net interest income
$56,455Provision for loan and lease losses
$5,174Total noninterest income
$0Fiduciary activities
$863Service charges on deposit accounts
$0Trading account gains & fees
$4,311Additional noninterest income
$28,371Total noninterest expense
$9,759Salaries and employee benefits
$2,151Premises and equipment expense
$16,461Additional noninterest expense
-$58,714Pre-tax net operating income
$3,428Securities gains (losses)
-$5,284Applicable income taxes
-$50,002Income before extraordinary items
$0Extraordinary gains - net
-$50,002Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$31,120Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.87%Yield on earning assets
2.74%Cost of funding earning assets
3.12%Net interest margin
0.77%Noninterest income to earning assets
4.23%Noninterest expense to earning assets
-6.80%Net operating income to assets
-6.41%Return on assets (ROA)
-7.08%Pretax return on assets
-106.88%Return on equity (ROE)
-106.88%Retained earnings to average equity (YTD only)
5.91%Net charge-offs to loans
181.41%Credit loss provision to net charge-offs
-0.07%Efficiency ratio
108,651Assets per employee
6.19%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
6.32%Loss allowance to noncurrent loans
33.83%Noncurrent assets plus other real estate owned to assets
14.46%Noncurrent loans to loans
18.67%Net loans and leases to deposits
70.26%Net loans and leases to core deposits
79.10%Equity capital to assets
1.38%Core capital (leverage) ratio
0.79%Tier 1 risk-based capital ratio
1.39%Total risk-based capital ratio
Memoranda
$3Average assets
$780,523Average earning assets
$46,781Average equity
$670,344Average loans
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