FDIC Certificate #: 23060 Status: Inactive Closing history: Participated in Reorganization Acquiring institution:First National Bank (#23743) Federal Reserve ID: 711865 Date Established: Febuary 27, 1980 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 3 (Interstate: No) FDIC's unique #: 16149 Numeric code: 13 Regulator: FED Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: Febuary 27, 1980 Last Structure Change Effective Date: January 09, 2003 Last Structure Change Process Date: January 31, 2003 Last Data Update: January 31, 2003 Data Source Date: April 05, 2012
Location
Address: 1190 Orange Avenue, Coronado, CA 92118 County: San Diego Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Orange Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): San Diego, CA (#7320) Core Based Statistical Area (CBSA): San Diego-Carlsbad-San Marcos, CA (#41740) CBSA Metro Statistical Area: San Diego-Carlsbad-San Marcos, CA (#41740)
History of Changes
Merger - Without Assistance
Participated in Reorganization
Financial Summary
Total assets: $80.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
36Total employees (full-time equivalent)
$80,096Total assets
$2,424Cash and due from depository institutions
$100Interest-bearing balances
$2,275Securities
$9,650Federal funds sold & reverse repurchase agreements
$63,648Net loans & leases
$633Loan loss allowance
$0Trading account assets
$262Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,837All other assets
$80,096Total liabilities and capital
$74,917Total liabilities
$73,002Total deposits
$57,415Interest-bearing deposits
$73,002Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,915All other liabilities
$5,179Total equity capital
$5,179Total bank equity capital
$5,179Perpetual preferred stock
$0Common stock
$2,063Surplus
$1,035Undivided profits
Memoranda
$2,081Noncurrent loans and leases
$10,301Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$264Earning assets
$264Long-term assets (5+ years)
$194Average Assets, year-to-date
$75,673Average Assets, quarterly
$9,223Volatile liabilities
$77,988Insider loans
$78,355FHLB advances
$15,711Loans and leases held for sale
$256Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$10,301Total unused commitments
$0Restructured Loans and leases
$633Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$4,581Total interest income
$1,148Total interest expense
$3,433Net interest income
$170Provision for loan and lease losses
$985Total noninterest income
$0Fiduciary activities
$117Service charges on deposit accounts
$0Trading account gains & fees
$868Additional noninterest income
$5,412Total noninterest expense
$2,250Salaries and employee benefits
$694Premises and equipment expense
$2,468Additional noninterest expense
-$1,164Pre-tax net operating income
$0Securities gains (losses)
-$395Applicable income taxes
-$769Income before extraordinary items
$0Extraordinary gains - net
-$769Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$4Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.19%Yield on earning assets
1.55%Cost of funding earning assets
4.64%Net interest margin
1.33%Noninterest income to earning assets
7.32%Noninterest expense to earning assets
-0.99%Net operating income to assets
-0.99%Return on assets (ROA)
-1.49%Pretax return on assets
-13.18%Return on equity (ROE)
-13.18%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
4250.00%Credit loss provision to net charge-offs
-248.50%Efficiency ratio
122,499Assets per employee
2.22%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.98%Loss allowance to noncurrent loans
239.77%Noncurrent assets plus other real estate owned to assets
0.33%Noncurrent loans to loans
0.41%Net loans and leases to deposits
87.19%Net loans and leases to core deposits
111.10%Equity capital to assets
6.47%Core capital (leverage) ratio
6.45%Tier 1 risk-based capital ratio
7.86%Total risk-based capital ratio
Memoranda
$9Average assets
$77,988Average earning assets
$5,833Average equity
$73,960Average loans
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