Bank of Lake County in Lakeport, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 19, 2000

Bank of Lake County in Lakeport, California (CA)
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Bank of Lake County - Overview

General
FDIC Certificate #: 27320
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Westamerica Bank (#3430)
Federal Reserve ID: 1214381
Date Established: August 10, 1988
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 4 (Interstate: No)
OTS Docket #: 13434
FDIC's unique #: 39570
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: August 10, 1988
Last Structure Change Effective Date: August 19, 2000
Last Structure Change Process Date: September 29, 2000
Last Data Update: September 29, 2000
Data Source Date: April 05, 2012
Location
Address: 150 South Main Street, Lakeport, CA 95453
County: Lake
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
Core Based Statistical Area (CBSA): Clearlake, CA (#17340)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $91.1 mil

1992 - 1999 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, 1999)

Dollar figures in thousands
25Total employees (full-time equivalent)
$92,163Total assets
$7,741Cash and due from depository institutions
$0Interest-bearing balances
$32,741Securities
$0Federal funds sold & reverse repurchase agreements
$48,335Net loans & leases
$1,719Loan loss allowance
$0Trading account assets
$1,017Bank premises and fixed assets
$46Other real estate owned
$8Goodwill and other intangibles
$0Life insurance assets
$2,275All other assets
$92,163Total liabilities and capital
$85,116Total liabilities
$77,981Total deposits
$61,550Interest-bearing deposits
$77,981Deposits held in domestic offices
0.00%% insured (estimated)
$4,975Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$2,160All other liabilities
$7,047Total equity capital
$7,047Total bank equity capital
$7,047Perpetual preferred stock
$0Common stock
$1,974Surplus
$3,115Undivided profits
Memoranda
$1,958Noncurrent loans and leases
$3,892Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$377Average Assets, year-to-date
$81,076Average Assets, quarterly
$24,912Volatile liabilities
$91,414Insider loans
$91,315FHLB advances
$9,002Loans and leases held for sale
$34Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$275Total risk weighted assets
$3,892Total unused commitments
$0Restructured Loans and leases
$807Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$6,112Total interest income
$1,840Total interest expense
$4,272Net interest income
$120Provision for loan and lease losses
$1,711Total noninterest income
$0Fiduciary activities
$834Service charges on deposit accounts
$0Trading account gains & fees
$877Additional noninterest income
$3,543Total noninterest expense
$1,059Salaries and employee benefits
$384Premises and equipment expense
$2,100Additional noninterest expense
$2,320Pre-tax net operating income
$0Securities gains (losses)
$725Applicable income taxes
$1,595Income before extraordinary items
$0Extraordinary gains - net
$1,595Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$17Sale, conversion, retirement of capital stock, net
$2,000Net operating income

Performance and Condition Ratios (December 31, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.50%Yield on earning assets
2.26%Cost of funding earning assets
5.24%Net interest margin
2.10%Noninterest income to earning assets
4.35%Noninterest expense to earning assets
1.74%Net operating income to assets
1.74%Return on assets (ROA)
2.54%Pretax return on assets
20.70%Return on equity (ROE)
-5.26%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
705.88%Credit loss provision to net charge-offs
143.53%Efficiency ratio
59,034Assets per employee
3.69%Cash dividends to net income (YTD only)
Condition Ratios (%)
125.39%Loss allowance to loans
3.43%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.05%Noncurrent loans to loans
0.00%Net loans and leases to deposits
61.98%Net loans and leases to core deposits
65.36%Equity capital to assets
7.65%Core capital (leverage) ratio
8.24%Tier 1 risk-based capital ratio
11.61%Total risk-based capital ratio
Memoranda
$13Average assets
$91,414Average earning assets
$7,704Average equity
$81,494Average loans

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