Bank of the Desert, National Association in La Quinta, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 12, 1996

  • Bank of the Desert, National Association in La Quinta, California (CA)
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Bank of the Desert, National Association - Overview

  • General
  • FDIC Certificate #: 26928
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Rabobank, National Association (#23364)
    Federal Reserve ID: 869261
    Date Established: March 16, 1987
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Interstate: No)
    FDIC's unique #: 36320
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: March 16, 1987
    Last Structure Change Effective Date: September 12, 1996
    Last Structure Change Process Date: September 20, 1996
    Last Data Update: September 20, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 51-290 Avenida Bermudas, La Quinta, CA 92253
    County: Riverside
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Los Angeles (North)
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Riverside-San Bernardino, CA (#6780)
    Consolidated Metropolitan Statistical Area (CMSA): Los Angeles-Riverside-Orange County, CA (#49)
    Combined Statistical Area (CSA): Los Angeles-Long Beach-Riverside, CA (#348)
    Core Based Statistical Area (CBSA): Riverside-San Bernardino-Ontario, CA (#40140)
    CBSA Metro Statistical Area: Riverside-San Bernardino-Ontario, CA (#40140)
  • History of Changes
  • Merger - Without Assistance
    Participated in Reorganization
    Corrections
  • Financial Summary
  • Total assets: $38.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $34Total assets
  • $40,438Cash and due from depository institutions
  • $6,334Interest-bearing balances
  • $2,951Securities
  • $11,399Federal funds sold & reverse repurchase agreements
  • $1,725Net loans & leases
  • $18,808Loan loss allowance
  • $416Trading account assets
  • $0Bank premises and fixed assets
  • $1,505Other real estate owned
  • $325Goodwill and other intangibles
  • $342Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $40,438Total liabilities
  • $38,241Total deposits
  • $38,164Interest-bearing deposits
  • $25,709Deposits held in domestic offices
  • 38164.00%% insured (estimated)
  • $92Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $77Total equity capital
  • $77Total bank equity capital
  • $2,197Perpetual preferred stock
  • $0Common stock
  • $1,251Surplus
  • $1,251Undivided profits
  • Memoranda
  • $-305Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $434Income earned, not collected on loans
  • $118Earning assets
  • $34,883Long-term assets (5+ years)
  • $9,715Average Assets, year-to-date
  • $36,312Average Assets, quarterly
  • $38,298Volatile liabilities
  • $2,426Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $3,283Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,286Total risk weighted assets
  • $20,898Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,579Total interest expense
  • $802Net interest income
  • $1,777Provision for loan and lease losses
  • $180Total noninterest income
  • $661Fiduciary activities
  • $0Service charges on deposit accounts
  • $479Trading account gains & fees
  • $0Additional noninterest income
  • $182Total noninterest expense
  • $2,496Salaries and employee benefits
  • $1,016Premises and equipment expense
  • $393Additional noninterest expense
  • $1,087Pre-tax net operating income
  • -$238Securities gains (losses)
  • $0Applicable income taxes
  • $1Income before extraordinary items
  • -$239Extraordinary gains - net
  • $0Net income attributable to bank
  • -$239Net charge-offs
  • $55Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.56%Cost of funding earning assets
  • 2.66%Net interest margin
  • 5.90%Noninterest income to earning assets
  • 2.19%Noninterest expense to earning assets
  • 8.28%Net operating income to assets
  • -0.66%Return on assets (ROA)
  • -0.66%Pretax return on assets
  • -0.66%Return on equity (ROE)
  • -10.58%Retained earnings to average equity (YTD only)
  • -10.58%Net charge-offs to loans
  • 0.36%Credit loss provision to net charge-offs
  • 327.27%Efficiency ratio
  • 102,379Assets per employee
  • 1.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.16%Loss allowance to noncurrent loans
  • 95.85%Noncurrent assets plus other real estate owned to assets
  • 1.88%Noncurrent loans to loans
  • 2.26%Net loans and leases to deposits
  • 49.28%Net loans and leases to core deposits
  • 52.63%Equity capital to assets
  • 5.43%Core capital (leverage) ratio
  • 5.86%Tier 1 risk-based capital ratio
  • 10.94%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $36,312Average earning assets
  • $2,259Average equity
  • $30,139Average loans

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