FDIC Certificate #: 58400 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Torrey Pines Bank (#57577) Federal Reserve ID: 3454613 Date Established: October 16, 2006 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 3 (Interstate: No) FDIC's unique #: 450800 Numeric code: 13 Regulator: FED 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: October 16, 2006 Last Structure Change Effective Date: December 31, 2010 Last Structure Change Process Date: January 05, 2011 Last Data Update: January 05, 2011 Data Source Date: April 05, 2012
Location
Address: 1951 Webster Street, Oakland, CA 94612 County: Alameda Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: San Francisco Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Oakland, CA (#5775) Consolidated Metropolitan Statistical Area (CMSA): San Francisco-Oakland-San Jose, CA (#84) Combined Statistical Area (CSA): San Jose-San Francisco-Oakland, CA (#488) Core Based Statistical Area (CBSA): San Francisco-Oakland-Fremont, CA (#41860) CBSA Metro Statistical Area: San Francisco-Oakland-Fremont, CA (#41860) Core Based Statistical Division: Oakland-Fremont-Hayward, CA (#36084)
Financial Summary
Total assets: $213.3 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2009)
Dollar figures in thousands
29Total employees (full-time equivalent)
$176,252Total assets
$5,881Cash and due from depository institutions
$3,929Interest-bearing balances
$50,331Securities
$225Federal funds sold & reverse repurchase agreements
$102,399Net loans & leases
$2,694Loan loss allowance
$0Trading account assets
$6,067Bank premises and fixed assets
$442Other real estate owned
$0Goodwill and other intangibles
$3,276Life insurance assets
$10,907All other assets
$176,252Total liabilities and capital
$150,792Total liabilities
$150,450Total deposits
$140,167Interest-bearing deposits
$150,450Deposits held in domestic offices
82.59%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$342All other liabilities
$25,460Total equity capital
$25,460Total bank equity capital
$25,460Perpetual preferred stock
$0Common stock
$25,000Surplus
$13,911Undivided profits
Memoranda
$-13,451Noncurrent loans and leases
$21,502Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,777Earning assets
$0Long-term assets (5+ years)
$590Average Assets, year-to-date
$156,884Average Assets, quarterly
$50,660Volatile liabilities
$163,501Insider loans
$176,212FHLB advances
$49,606Loans and leases held for sale
$771Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$21,502Total unused commitments
$0Restructured Loans and leases
$1,447Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$7,758Total interest income
$2,700Total interest expense
$5,058Net interest income
$4,513Provision for loan and lease losses
$368Total noninterest income
$0Fiduciary activities
$99Service charges on deposit accounts
$0Trading account gains & fees
$269Additional noninterest income
$7,722Total noninterest expense
$4,346Salaries and employee benefits
$1,047Premises and equipment expense
$2,329Additional noninterest expense
-$6,809Pre-tax net operating income
-$521Securities gains (losses)
-$3,023Applicable income taxes
-$4,307Income before extraordinary items
$0Extraordinary gains - net
-$4,307Net income attributable to bank
$0Net charge-offs
-$4,307Cash dividends
$3,055Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.40%Yield on earning assets
1.88%Cost of funding earning assets
3.52%Net interest margin
0.26%Noninterest income to earning assets
5.37%Noninterest expense to earning assets
-2.43%Net operating income to assets
-2.63%Return on assets (ROA)
-4.48%Pretax return on assets
-22.01%Return on equity (ROE)
-22.01%Retained earnings to average equity (YTD only)
3.05%Net charge-offs to loans
147.73%Credit loss provision to net charge-offs
-0.75%Efficiency ratio
142,315Assets per employee
6.08%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.56%Loss allowance to noncurrent loans
151.60%Noncurrent assets plus other real estate owned to assets
1.26%Noncurrent loans to loans
1.69%Net loans and leases to deposits
68.06%Net loans and leases to core deposits
101.54%Equity capital to assets
14.45%Core capital (leverage) ratio
12.66%Tier 1 risk-based capital ratio
19.31%Total risk-based capital ratio
Memoranda
$21Average assets
$163,501Average earning assets
$19,568Average equity
$143,671Average loans
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