FDIC Certificate #: 35457 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Heritage Oaks Bank (#24229) Federal Reserve ID: 2907309 Date Established: January 26, 2001 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) FDIC's unique #: 80235 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: January 26, 2001 Last Structure Change Effective Date: October 13, 2007 Last Structure Change Process Date: November 08, 2007 Last Data Update: November 08, 2007 Data Source Date: April 05, 2012
Location
Address: 800 North. Milpas Street, Suite A, Santa Barbara, CA 93103 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: $145.9 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2006)
Dollar figures in thousands
43Total employees (full-time equivalent)
$140,109Total assets
$2,921Cash and due from depository institutions
$0Interest-bearing balances
$16,342Securities
$0Federal funds sold & reverse repurchase agreements
$116,582Net loans & leases
$1,381Loan loss allowance
$0Trading account assets
$1,595Bank premises and fixed assets
$0Other real estate owned
$37Goodwill and other intangibles
$0Life insurance assets
$2,632All other assets
$140,109Total liabilities and capital
$128,071Total liabilities
$120,049Total deposits
$92,199Interest-bearing deposits
$120,049Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$7,758Other borrowed funds
$0Subordinated debt
$264All other liabilities
$12,038Total equity capital
$12,038Total bank equity capital
$12,038Perpetual preferred stock
$0Common stock
$7,330Surplus
$7,259Undivided profits
Memoranda
$-2,551Noncurrent loans and leases
$36,163Noncurrent 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)
$690Average Assets, year-to-date
$132,924Average Assets, quarterly
$39,862Volatile liabilities
$127,835Insider loans
$135,068FHLB advances
$40,444Loans and leases held for sale
$6,251Unused loan commitments
$7,758Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$36,163Total unused commitments
$0Restructured Loans and leases
$1,425Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$8,855Total interest income
$3,510Total interest expense
$5,345Net interest income
$195Provision for loan and lease losses
$513Total noninterest income
$0Fiduciary activities
$322Service charges on deposit accounts
$0Trading account gains & fees
$191Additional noninterest income
$5,316Total noninterest expense
$2,936Salaries and employee benefits
$880Premises and equipment expense
$1,500Additional noninterest expense
$347Pre-tax net operating income
-$47Securities gains (losses)
$0Applicable income taxes
$300Income before extraordinary items
$0Extraordinary gains - net
$300Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$7Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.36%Yield on earning assets
2.92%Cost of funding earning assets
4.44%Net interest margin
0.43%Noninterest income to earning assets
4.42%Noninterest expense to earning assets
0.27%Net operating income to assets
0.23%Return on assets (ROA)
0.23%Pretax return on assets
2.58%Return on equity (ROE)
2.58%Retained earnings to average equity (YTD only)
-0.01%Net charge-offs to loans
-2785.71%Credit loss provision to net charge-offs
0.00%Efficiency ratio
90,748Assets per employee
3.26%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.17%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
97.11%Net loans and leases to core deposits
133.45%Equity capital to assets
8.59%Core capital (leverage) ratio
9.27%Tier 1 risk-based capital ratio
9.64%Total risk-based capital ratio
Memoranda
$11Average assets
$127,835Average earning assets
$11,647Average equity
$120,380Average loans
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