FDIC Certificate #: 57510 Status: Active Federal Reserve ID: 3214059 Bank Holding Company (Regulatory Top Holder): Avidbank Holdings, Inc. (RSSDID: 3680980, Location: Palo Alto, CA) Date Established: October 01, 2003 WWW:http://www.avidbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 364542 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: October 01, 2003 Last Structure Change Effective Date: Febuary 23, 2011 Last Structure Change Process Date: March 09, 2011 Last Data Update: March 09, 2011 Data Source Date: April 05, 2012
Location
Address: 400 Emerson Street, Palo Alto, CA 94301 County: Santa Clara 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): San Jose, CA (#7400) 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 Jose-Sunnyvale-Santa Clara, CA (#41940) CBSA Metro Statistical Area: San Jose-Sunnyvale-Santa Clara, CA (#41940)
History of Changes
Name Change
Financial Summary
Total assets: $342.2 mil Equity capital: $33.7 mil Deposits held in domestic offices: $306.7 mil Return on assets (ROA): 1.18% ($4.0 mil) Quarterly return on assets: 1.69% ($5.8 mil) Return on Equity (ROE): 11.98% ($4.1 mil) Quarterly return on equity: 17.20% ($5.8 mil) Net income: $3.8 mil Quarterly Net income: $1.4 mil Pretax return on assets: 1.01% ($3,456.3 mil) Quarterly Pretax return on assets: 0.65% ($2,224.4 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
40Total employees (full-time equivalent)
$342,212Total assets
$12,377Cash and due from depository institutions
$0Interest-bearing balances
$82,178Securities
$33,660Federal funds sold & reverse repurchase agreements
$203,588Net loans & leases
$4,376Loan loss allowance
$0Trading account assets
$351Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$342,212Life insurance assets
$10,058All other assets
$308,543Total liabilities and capital
$306,716Total liabilities
$233,412Total deposits
$306,716Interest-bearing deposits
$67Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,827Subordinated debt
$33,669All other liabilities
$33,669Total equity capital
$33,669Total bank equity capital
$0Perpetual preferred stock
$27,428Common stock
$7,724Surplus
$-1,483Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$975Income earned, not collected on loans
$0Earning assets
$1,385Long-term assets (5+ years)
$319,426Average Assets, year-to-date
$92,144Average Assets, quarterly
$321,936Volatile liabilities
$335,625Insider loans
$295,305FHLB advances
$327,278Loans and leases held for sale
$3,312Unused loan commitments
$3,312Tier 1 (core) risk-based capital
$33,898Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$93,262Restructured Loans and leases
$7,031Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$14,851Total interest income
$2,278Total interest expense
$12,573Net interest income
$435Provision for loan and lease losses
$618Total noninterest income
$0Fiduciary activities
$197Service charges on deposit accounts
$0Trading account gains & fees
$421Additional noninterest income
$9,517Total noninterest expense
$5,274Salaries and employee benefits
$1,368Premises and equipment expense
$2,875Additional noninterest expense
$3,239Pre-tax net operating income
$0Securities gains (losses)
-$572Applicable income taxes
$3,811Income before extraordinary items
$0Extraordinary gains - net
$3,811Net income attributable to bank
$0Net charge-offs
$3,811Cash dividends
$480Sale, conversion, retirement of capital stock, net
$559Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.90%Yield on earning assets
0.75%Cost of funding earning assets
4.15%Net interest margin
0.20%Noninterest income to earning assets
3.14%Noninterest expense to earning assets
1.18%Net operating income to assets
1.18%Return on assets (ROA)
1.01%Pretax return on assets
11.98%Return on equity (ROE)
10.22%Retained earnings to average equity (YTD only)
0.25%Net charge-offs to loans
90.63%Credit loss provision to net charge-offs
7.65%Efficiency ratio
72,148Assets per employee
8.56%Cash dividends to net income (YTD only)
Condition Ratios (%)
14.67%Loss allowance to loans
2.10%Loss allowance to noncurrent loans
448.82%Noncurrent assets plus other real estate owned to assets
0.28%Noncurrent loans to loans
0.47%Net loans and leases to deposits
66.38%Net loans and leases to core deposits
74.96%Equity capital to assets
9.84%Core capital (leverage) ratio
10.36%Tier 1 risk-based capital ratio
11.48%Total risk-based capital ratio
Memoranda
$13Average assets
$321,936Average earning assets
$31,822Average equity
$303,048Average loans
List of branches
1 California Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
364542
Avidbank
400 Emerson Street, Palo Alto, CA 94301
October 01, 2003
Full Service Brick and Mortar
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