FDIC Certificate #: 34579 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:California United Bank (#57904) Federal Reserve ID: 2580645 Date Established: Febuary 09, 1998 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 60638 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: Febuary 09, 1998 Last Structure Change Effective Date: December 31, 2010 Last Structure Change Process Date: January 11, 2011 Last Data Update: January 11, 2011 Data Source Date: April 05, 2012
Location
Address: 50 West Hillcrest Drive, Thousand Oaks, CA 91360 County: Ventura 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): Ventura, CA (#8735) 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): Oxnard-Thousand Oaks-Ventura, CA (#37100) CBSA Metro Statistical Area: Oxnard-Thousand Oaks-Ventura, CA (#37100)
Financial Summary
Total assets: $137.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
27Total employees (full-time equivalent)
$125,427Total assets
$19,996Cash and due from depository institutions
$14,736Interest-bearing balances
$1,488Securities
$0Federal funds sold & reverse repurchase agreements
$97,692Net loans & leases
$1,940Loan loss allowance
$0Trading account assets
$462Bank premises and fixed assets
$0Other real estate owned
$22Goodwill and other intangibles
$2,441Life insurance assets
$5,767All other assets
$125,427Total liabilities and capital
$108,570Total liabilities
$97,121Total deposits
$67,637Interest-bearing deposits
$97,121Deposits held in domestic offices
87.92%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$11,000Other borrowed funds
$0Subordinated debt
$449All other liabilities
$16,857Total equity capital
$16,857Total bank equity capital
$16,857Perpetual preferred stock
$3,316Common stock
$14,781Surplus
$431Undivided profits
Memoranda
$-1,671Noncurrent loans and leases
$14,601Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,356Earning assets
$458Long-term assets (5+ years)
$351Average Assets, year-to-date
$113,916Average Assets, quarterly
$28,681Volatile liabilities
$126,088Insider loans
$127,834FHLB advances
$21,799Loans and leases held for sale
$328Unused loan commitments
$11,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$14,601Total unused commitments
$0Restructured Loans and leases
$1,374Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$6,637Total interest income
$1,575Total interest expense
$5,062Net interest income
$686Provision for loan and lease losses
$1,101Total noninterest income
$0Fiduciary activities
$524Service charges on deposit accounts
$0Trading account gains & fees
$577Additional noninterest income
$5,814Total noninterest expense
$2,613Salaries and employee benefits
$966Premises and equipment expense
$2,235Additional noninterest expense
-$337Pre-tax net operating income
$73Securities gains (losses)
$299Applicable income taxes
-$563Income before extraordinary items
$0Extraordinary gains - net
-$563Net income attributable to bank
$0Net charge-offs
-$563Cash dividends
$1,091Sale, conversion, retirement of capital stock, net
$146Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.88%Yield on earning assets
1.39%Cost of funding earning assets
4.48%Net interest margin
0.97%Noninterest income to earning assets
5.15%Noninterest expense to earning assets
-0.50%Net operating income to assets
-0.45%Return on assets (ROA)
-0.21%Pretax return on assets
-3.36%Return on equity (ROE)
-4.23%Retained earnings to average equity (YTD only)
1.07%Net charge-offs to loans
62.88%Credit loss provision to net charge-offs
0.32%Efficiency ratio
94,337Assets per employee
4.65%Cash dividends to net income (YTD only)
Condition Ratios (%)
-25.93%Loss allowance to loans
1.95%Loss allowance to noncurrent loans
143.07%Noncurrent assets plus other real estate owned to assets
1.08%Noncurrent loans to loans
1.36%Net loans and leases to deposits
100.59%Net loans and leases to core deposits
120.87%Equity capital to assets
13.44%Core capital (leverage) ratio
13.16%Tier 1 risk-based capital ratio
15.42%Total risk-based capital ratio
Memoranda
$17Average assets
$126,088Average earning assets
$16,752Average equity
$112,968Average loans
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