FDIC Certificate #: 11647 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Savings Bank of Mendocino County (#8011) Federal Reserve ID: 90467 Date Established: April 11, 1904 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 7444 Numeric code: 21 Regulator: FDIC 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: January 01, 1934 Last Structure Change Effective Date: July 06, 2010 Last Structure Change Process Date: July 16, 2010 Last Data Update: July 16, 2010 Data Source Date: April 05, 2012
Location
Address: 145 South Main Street, Willits, CA 95490 County: Mendocino Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Sacramento Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Core Based Statistical Area (CBSA): Ukiah, CA (#46380) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $132.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
31Total employees (full-time equivalent)
$132,447Total assets
$27,789Cash and due from depository institutions
$25,877Interest-bearing balances
$42,115Securities
$0Federal funds sold & reverse repurchase agreements
$56,983Net loans & leases
$1,196Loan loss allowance
$0Trading account assets
$762Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$3,058Life insurance assets
$4,798All other assets
$132,447Total liabilities and capital
$112,007Total liabilities
$111,416Total deposits
$93,391Interest-bearing deposits
$111,416Deposits held in domestic offices
87.41%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$591All other liabilities
$20,440Total equity capital
$20,440Total bank equity capital
$20,440Perpetual preferred stock
$0Common stock
$200Surplus
$1,300Undivided profits
Memoranda
$18,940Noncurrent loans and leases
$2,375Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,524Earning assets
$0Long-term assets (5+ years)
$601Average Assets, year-to-date
$124,975Average Assets, quarterly
$26,437Volatile liabilities
$129,212Insider loans
$133,308FHLB advances
$20,876Loans and leases held for sale
$483Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,375Total unused commitments
$1,517Restructured Loans and leases
$990Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$6,160Total interest income
$1,674Total interest expense
$4,486Net interest income
$0Provision for loan and lease losses
$480Total noninterest income
$0Fiduciary activities
$217Service charges on deposit accounts
$0Trading account gains & fees
$263Additional noninterest income
$3,624Total noninterest expense
$2,300Salaries and employee benefits
$217Premises and equipment expense
$1,107Additional noninterest expense
$1,342Pre-tax net operating income
-$48Securities gains (losses)
$354Applicable income taxes
$940Income before extraordinary items
$0Extraordinary gains - net
$940Net income attributable to bank
$0Net charge-offs
$940Cash dividends
-$5Sale, conversion, retirement of capital stock, net
$584Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.08%Yield on earning assets
1.38%Cost of funding earning assets
3.70%Net interest margin
0.40%Noninterest income to earning assets
2.99%Noninterest expense to earning assets
0.75%Net operating income to assets
0.73%Return on assets (ROA)
1.00%Pretax return on assets
4.69%Return on equity (ROE)
1.77%Retained earnings to average equity (YTD only)
-0.01%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
72,976Assets per employee
4.27%Cash dividends to net income (YTD only)
Condition Ratios (%)
62.13%Loss allowance to loans
2.06%Loss allowance to noncurrent loans
47.39%Noncurrent assets plus other real estate owned to assets
1.91%Noncurrent loans to loans
4.34%Net loans and leases to deposits
51.14%Net loans and leases to core deposits
62.94%Equity capital to assets
15.43%Core capital (leverage) ratio
15.18%Tier 1 risk-based capital ratio
25.43%Total risk-based capital ratio
Memoranda
$27Average assets
$129,212Average earning assets
$20,058Average equity
$121,310Average loans
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