FDIC Certificate #: 33219 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Rabobank, National Association (#23364) Federal Reserve ID: 1821976 Date Established: December 14, 1990 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 16 (Interstate: No) OTS Docket #: 13415 FDIC's unique #: 46656 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: December 14, 1990 Last Structure Change Effective Date: August 20, 2010 Last Structure Change Process Date: August 23, 2010 Last Data Update: August 23, 2010 Data Source Date: April 05, 2012
Location
Address: 2041 Forest Avenue, Chico, CA 95928 County: Butte 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 Metropolitan Statistical Area (MSA): Chico-Paradise, CA (#1620) Core Based Statistical Area (CBSA): Chico, CA (#17020) CBSA Metro Statistical Area: Chico, CA (#17020)
Financial Summary
Total assets: $498.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
225Total employees (full-time equivalent)
$537,813Total assets
$14,859Cash and due from depository institutions
$2,740Interest-bearing balances
$5,606Securities
$46,535Federal funds sold & reverse repurchase agreements
$421,173Net loans & leases
$12,975Loan loss allowance
$0Trading account assets
$5,270Bank premises and fixed assets
$13,493Other real estate owned
$3,463Goodwill and other intangibles
$11,680Life insurance assets
$27,414All other assets
$537,813Total liabilities and capital
$515,098Total liabilities
$500,121Total deposits
$467,168Interest-bearing deposits
$500,121Deposits held in domestic offices
90.74%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$14,977All other liabilities
$22,715Total equity capital
$22,715Total bank equity capital
$22,715Perpetual preferred stock
$0Common stock
$5,748Surplus
$8,720Undivided profits
Memoranda
$8,247Noncurrent loans and leases
$110,890Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$63,801Earning assets
$17,732Long-term assets (5+ years)
$2,380Average Assets, year-to-date
$476,054Average Assets, quarterly
$49,941Volatile liabilities
$572,944Insider loans
$544,713FHLB advances
$79,189Loans and leases held for sale
$6,883Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,137Total risk weighted assets
$110,890Total unused commitments
$6,723Restructured Loans and leases
$6,073Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$28,230Total interest income
$5,925Total interest expense
$22,305Net interest income
$23,057Provision for loan and lease losses
$12,418Total noninterest income
$0Fiduciary activities
$3,613Service charges on deposit accounts
$0Trading account gains & fees
$8,805Additional noninterest income
$31,260Total noninterest expense
$12,466Salaries and employee benefits
$5,415Premises and equipment expense
$13,379Additional noninterest expense
-$19,594Pre-tax net operating income
-$172Securities gains (losses)
$6,704Applicable income taxes
-$26,470Income before extraordinary items
$0Extraordinary gains - net
-$26,470Net income attributable to bank
$0Net charge-offs
-$26,470Cash dividends
$17,908Sale, conversion, retirement of capital stock, net
$225Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.54%Yield on earning assets
1.16%Cost of funding earning assets
4.38%Net interest margin
2.44%Noninterest income to earning assets
6.14%Noninterest expense to earning assets
-4.59%Net operating income to assets
-4.62%Return on assets (ROA)
-3.45%Pretax return on assets
-62.23%Return on equity (ROE)
-62.75%Retained earnings to average equity (YTD only)
3.81%Net charge-offs to loans
128.75%Credit loss provision to net charge-offs
0.19%Efficiency ratio
90,027Assets per employee
2.39%Cash dividends to net income (YTD only)
Condition Ratios (%)
-0.85%Loss allowance to loans
2.99%Loss allowance to noncurrent loans
20.34%Noncurrent assets plus other real estate owned to assets
14.37%Noncurrent loans to loans
14.70%Net loans and leases to deposits
84.21%Net loans and leases to core deposits
100.06%Equity capital to assets
4.22%Core capital (leverage) ratio
3.98%Tier 1 risk-based capital ratio
4.65%Total risk-based capital ratio
Memoranda
$6Average assets
$572,944Average earning assets
$42,539Average equity
$509,321Average loans
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