FDIC Certificate #: 21306 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The Summit National Bank (#27199) Federal Reserve ID: 847269 Date Established: November 08, 1973 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 14744 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: November 08, 1973 Last Structure Change Effective Date: June 30, 1998 Last Structure Change Process Date: July 20, 1998 Last Data Update: July 20, 1998 Data Source Date: April 05, 2012
Location
Address: 1694 Tully Road, San Jose, CA 95151 County: Santa Clara Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: San Francisco Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): San Jose, CA (#7400) Consolidated Metropolitan Statistical Area (CMSA): San Francisco-Oakland-San Jose, CA (#84) Combined Statistical Area (CSA): San Jose-San Francisco-Oakland, CA (#488) Core Based Statistical Area (CBSA): San Jose-Sunnyvale-Santa Clara, CA (#41940) CBSA Metro Statistical Area: San Jose-Sunnyvale-Santa Clara, CA (#41940)
Financial Summary
Total assets: $39.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
20Total employees (full-time equivalent)
$40,422Total assets
$1,807Cash and due from depository institutions
$0Interest-bearing balances
$15,100Securities
$2,580Federal funds sold & reverse repurchase agreements
$19,848Net loans & leases
$805Loan loss allowance
$0Trading account assets
$161Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$926All other assets
$40,422Total liabilities and capital
$37,141Total liabilities
$37,046Total deposits
$31,965Interest-bearing deposits
$37,046Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$95All other liabilities
$3,281Total equity capital
$3,281Total bank equity capital
$3,281Perpetual preferred stock
$0Common stock
$11,632Surplus
$0Undivided profits
Memoranda
$-8,351Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$515Earning assets
$0Long-term assets (5+ years)
$136Average Assets, year-to-date
$37,528Average Assets, quarterly
$1,900Volatile liabilities
$39,245Insider loans
$40,165FHLB advances
$5,225Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,593Total unused commitments
$0Restructured Loans and leases
$24,396Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$3,121Total interest income
$1,345Total interest expense
$1,776Net interest income
$0Provision for loan and lease losses
$392Total noninterest income
$0Fiduciary activities
$142Service charges on deposit accounts
$0Trading account gains & fees
$250Additional noninterest income
$1,814Total noninterest expense
$788Salaries and employee benefits
$371Premises and equipment expense
$655Additional noninterest expense
$354Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$354Income before extraordinary items
$0Extraordinary gains - net
$354Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$417Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.75%Yield on earning assets
3.77%Cost of funding earning assets
4.98%Net interest margin
1.10%Noninterest income to earning assets
5.08%Noninterest expense to earning assets
0.90%Net operating income to assets
0.90%Return on assets (ROA)
0.90%Pretax return on assets
11.86%Return on equity (ROE)
11.86%Retained earnings to average equity (YTD only)
2.15%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.85%Efficiency ratio
83,672Assets per employee
2.02%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.90%Loss allowance to noncurrent loans
156.31%Noncurrent assets plus other real estate owned to assets
1.27%Noncurrent loans to loans
2.49%Net loans and leases to deposits
53.58%Net loans and leases to core deposits
62.37%Equity capital to assets
8.12%Core capital (leverage) ratio
8.09%Tier 1 risk-based capital ratio
13.38%Total risk-based capital ratio
Memoranda
$15Average assets
$39,245Average earning assets
$2,985Average equity
$35,678Average loans
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