FDIC Certificate #: 22623 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Mid-State Bank & Trust (#18396) Federal Reserve ID: 368063 Date Established: March 18, 1978 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 13 (Interstate: No) FDIC's unique #: 15783 Numeric code: 21 Regulator: FDIC 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: March 18, 1978 Last Structure Change Effective Date: July 10, 1998 Last Structure Change Process Date: July 27, 1998 Last Data Update: July 27, 1998 Data Source Date: April 05, 2012
Location
Address: 2739 Santa Maria Way, Santa Maria, CA 93456 County: Santa Barbara 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): Santa Barbara-Santa Maria-Lompoc, CA (#7480) Core Based Statistical Area (CBSA): Santa Barbara-Santa Maria-Goleta, CA (#42060) CBSA Metro Statistical Area: Santa Barbara-Santa Maria-Goleta, CA (#42060)
Financial Summary
Total assets: $338.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
199Total employees (full-time equivalent)
$343,894Total assets
$18,473Cash and due from depository institutions
$0Interest-bearing balances
$108,911Securities
$7,461Federal funds sold & reverse repurchase agreements
$189,230Net loans & leases
$2,115Loan loss allowance
$0Trading account assets
$12,709Bank premises and fixed assets
$969Other real estate owned
$1,737Goodwill and other intangibles
$0Life insurance assets
$4,404All other assets
$343,894Total liabilities and capital
$308,155Total liabilities
$306,477Total deposits
$231,841Interest-bearing deposits
$306,477Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,678All other liabilities
$35,739Total equity capital
$35,739Total bank equity capital
$35,739Perpetual preferred stock
$0Common stock
$11,460Surplus
$0Undivided profits
Memoranda
$24,279Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$822Earning assets
$0Long-term assets (5+ years)
$1,658Average Assets, year-to-date
$305,602Average Assets, quarterly
$26,096Volatile liabilities
$326,539Insider loans
$339,790FHLB advances
$37,989Loans and leases held for sale
$4,601Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$850Total risk weighted assets
$53,823Total unused commitments
$0Restructured Loans and leases
$232,858Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$24,977Total interest income
$8,425Total interest expense
$16,552Net interest income
$30Provision for loan and lease losses
$3,505Total noninterest income
$0Fiduciary activities
$2,016Service charges on deposit accounts
$0Trading account gains & fees
$1,489Additional noninterest income
$13,032Total noninterest expense
$7,117Salaries and employee benefits
$2,393Premises and equipment expense
$3,522Additional noninterest expense
$6,995Pre-tax net operating income
$0Securities gains (losses)
$2,683Applicable income taxes
$4,312Income before extraordinary items
$0Extraordinary gains - net
$4,312Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$617Sale, conversion, retirement of capital stock, net
$1,296Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.68%Yield on earning assets
2.93%Cost of funding earning assets
5.75%Net interest margin
1.22%Noninterest income to earning assets
4.53%Noninterest expense to earning assets
1.32%Net operating income to assets
1.32%Return on assets (ROA)
2.14%Pretax return on assets
12.71%Return on equity (ROE)
8.89%Retained earnings to average equity (YTD only)
0.34%Net charge-offs to loans
4.86%Credit loss provision to net charge-offs
11.39%Efficiency ratio
64,322Assets per employee
1.73%Cash dividends to net income (YTD only)
Condition Ratios (%)
30.06%Loss allowance to loans
1.11%Loss allowance to noncurrent loans
257.30%Noncurrent assets plus other real estate owned to assets
0.52%Noncurrent loans to loans
0.43%Net loans and leases to deposits
61.74%Net loans and leases to core deposits
70.48%Equity capital to assets
10.39%Core capital (leverage) ratio
10.15%Tier 1 risk-based capital ratio
14.57%Total risk-based capital ratio
Memoranda
$15Average assets
$326,539Average earning assets
$33,921Average equity
$287,636Average loans
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