Affinity Bank in Ventura, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 28, 2009

  • Affinity Bank in Ventura, California (CA)
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Affinity Bank - Overview

  • General
  • FDIC Certificate #: 27197
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Pacific Western Bank (#24045)
    Federal Reserve ID: 1187391
    Date Established: September 19, 1982
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Interstate: No)
    OTS Docket #: 14413
    FDIC's unique #: 39100
    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: March 14, 1988
    Last Structure Change Effective Date: August 28, 2009
    Last Structure Change Process Date: August 31, 2009
    Last Data Update: August 31, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 S. Chestnut Street, Ventura, CA 93001
    County: Ventura
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Los Angeles (West)
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Ventura, CA (#8735)
    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): Oxnard-Thousand Oaks-Ventura, CA (#37100)
    CBSA Metro Statistical Area: Oxnard-Thousand Oaks-Ventura, CA (#37100)
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $1,211.4 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
  • 165Total employees (full-time equivalent)
  • $1,231,605Total assets
  • $59,986Cash and due from depository institutions
  • $56,436Interest-bearing balances
  • $228,816Securities
  • $2,100Federal funds sold & reverse repurchase agreements
  • $897,247Net loans & leases
  • $20,364Loan loss allowance
  • $0Trading account assets
  • $5,671Bank premises and fixed assets
  • $12,368Other real estate owned
  • $253Goodwill and other intangibles
  • $0Life insurance assets
  • $25,164All other assets
  • $1,231,605Total liabilities and capital
  • $1,184,304Total liabilities
  • $867,329Total deposits
  • $850,881Interest-bearing deposits
  • $867,329Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $15,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $294,447Other borrowed funds
  • $0Subordinated debt
  • $7,528All other liabilities
  • $47,301Total equity capital
  • $47,301Total bank equity capital
  • $47,301Perpetual preferred stock
  • $0Common stock
  • $1,358Surplus
  • $47,254Undivided profits
  • Memoranda
  • $-1,311Noncurrent loans and leases
  • $75,247Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $81,812Earning assets
  • $0Long-term assets (5+ years)
  • $6,449Average Assets, year-to-date
  • $1,184,599Average Assets, quarterly
  • $145,465Volatile liabilities
  • $1,212,828Insider loans
  • $1,239,649FHLB advances
  • $268,914Loans and leases held for sale
  • $0Unused loan commitments
  • $294,447Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $114,244Total risk weighted assets
  • $75,247Total unused commitments
  • $6,565Restructured Loans and leases
  • $11,714Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $77,851Total interest income
  • $48,358Total interest expense
  • $29,493Net interest income
  • $36,827Provision for loan and lease losses
  • -$1,670Total noninterest income
  • $0Fiduciary activities
  • $238Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,908Additional noninterest income
  • $28,998Total noninterest expense
  • $16,011Salaries and employee benefits
  • $5,235Premises and equipment expense
  • $7,752Additional noninterest expense
  • -$38,002Pre-tax net operating income
  • $36Securities gains (losses)
  • $224Applicable income taxes
  • -$38,190Income before extraordinary items
  • $0Extraordinary gains - net
  • -$38,190Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $27,963Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.80%Yield on earning assets
  • 4.22%Cost of funding earning assets
  • 2.58%Net interest margin
  • -0.15%Noninterest income to earning assets
  • 2.53%Noninterest expense to earning assets
  • -3.15%Net operating income to assets
  • -3.15%Return on assets (ROA)
  • -3.13%Pretax return on assets
  • -51.01%Return on equity (ROE)
  • -51.01%Retained earnings to average equity (YTD only)
  • 3.11%Net charge-offs to loans
  • 131.70%Credit loss provision to net charge-offs
  • -0.04%Efficiency ratio
  • 103,202Assets per employee
  • 7.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.22%Loss allowance to noncurrent loans
  • 24.89%Noncurrent assets plus other real estate owned to assets
  • 7.65%Noncurrent loans to loans
  • 8.92%Net loans and leases to deposits
  • 103.45%Net loans and leases to core deposits
  • 143.58%Equity capital to assets
  • 3.84%Core capital (leverage) ratio
  • 4.74%Tier 1 risk-based capital ratio
  • 6.42%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $1,212,828Average earning assets
  • $74,867Average equity
  • $1,144,627Average loans

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