FDIC Certificate #: 34692 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Pacific Premier Bank (#32172) Federal Reserve ID: 2713582 Date Established: July 10, 1998 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 4 (Interstate: No) FDIC's unique #: 61204 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: July 10, 1998 Last Structure Change Effective Date: Febuary 11, 2011 Last Structure Change Process Date: Febuary 14, 2011 Last Data Update: Febuary 14, 2011 Data Source Date: April 05, 2012
Location
Address: 1711 East Palm Canyon Drive, Palm Springs, CA 92264 County: Riverside Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Orange 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)
Financial Summary
Total assets: $210.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
71Total employees (full-time equivalent)
$210,859Total assets
$5,799Cash and due from depository institutions
$0Interest-bearing balances
$13,199Securities
$5,865Federal funds sold & reverse repurchase agreements
$158,294Net loans & leases
$7,970Loan loss allowance
$0Trading account assets
$4,419Bank premises and fixed assets
$20,074Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,209All other assets
$210,858Total liabilities and capital
$207,715Total liabilities
$205,285Total deposits
$138,743Interest-bearing deposits
$205,285Deposits held in domestic offices
92.47%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$2,430All other liabilities
$3,143Total equity capital
$3,143Total bank equity capital
$3,143Perpetual preferred stock
$0Common stock
$0Surplus
$23,863Undivided profits
Memoranda
$-20,720Noncurrent loans and leases
$9,317Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$21,824Earning assets
$0Long-term assets (5+ years)
$686Average Assets, year-to-date
$177,358Average Assets, quarterly
$54,795Volatile liabilities
$230,568Insider loans
$215,768FHLB advances
$35,290Loans and leases held for sale
$194Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$229Total risk weighted assets
$9,317Total unused commitments
$2,284Restructured Loans and leases
$2,183Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$11,112Total interest income
$1,518Total interest expense
$9,594Net interest income
$5,300Provision for loan and lease losses
$2,739Total noninterest income
$0Fiduciary activities
$583Service charges on deposit accounts
$0Trading account gains & fees
$2,156Additional noninterest income
$16,502Total noninterest expense
$5,192Salaries and employee benefits
$1,252Premises and equipment expense
$10,058Additional noninterest expense
-$9,469Pre-tax net operating income
$1Securities gains (losses)
$540Applicable income taxes
-$10,008Income before extraordinary items
$0Extraordinary gains - net
-$10,008Net income attributable to bank
$0Net charge-offs
-$10,008Cash dividends
$6,835Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.73%Yield on earning assets
0.78%Cost of funding earning assets
4.95%Net interest margin
1.41%Noninterest income to earning assets
8.51%Noninterest expense to earning assets
-4.34%Net operating income to assets
-4.34%Return on assets (ROA)
-4.11%Pretax return on assets
-119.04%Return on equity (ROE)
-119.04%Retained earnings to average equity (YTD only)
3.71%Net charge-offs to loans
77.54%Credit loss provision to net charge-offs
-0.61%Efficiency ratio
133,804Assets per employee
2.97%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.79%Loss allowance to noncurrent loans
36.52%Noncurrent assets plus other real estate owned to assets
19.87%Noncurrent loans to loans
13.13%Net loans and leases to deposits
77.11%Net loans and leases to core deposits
93.12%Equity capital to assets
1.49%Core capital (leverage) ratio
1.38%Tier 1 risk-based capital ratio
1.80%Total risk-based capital ratio
Memoranda
$3Average assets
$230,568Average earning assets
$8,407Average equity
$193,984Average loans
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