FDIC Certificate #: 33983 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Tri Counties Bank (#21943) Federal Reserve ID: 2269847 Date Established: Febuary 08, 1995 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 7 (Interstate: No) FDIC's unique #: 55561 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 08, 1995 Last Structure Change Effective Date: September 23, 2011 Last Structure Change Process Date: September 26, 2011 Last Data Update: September 26, 2011 Data Source Date: April 05, 2012
Location
Address: 305 Railroad Avenue, Suite #1, Nevada City, CA 95959 County: Nevada 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 Combined Statistical Area (CSA): Sacramento-Arden-Arcade-Yuba City, CA-NV (#472) Core Based Statistical Area (CBSA): Truckee-Grass Valley, CA (#46020) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $288.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
76Total employees (full-time equivalent)
$328,170Total assets
$47,434Cash and due from depository institutions
$38,832Interest-bearing balances
$10,123Securities
$0Federal funds sold & reverse repurchase agreements
$248,209Net loans & leases
$15,238Loan loss allowance
$0Trading account assets
$1,085Bank premises and fixed assets
$10,290Other real estate owned
$0Goodwill and other intangibles
$6,029Life insurance assets
$11,029All other assets
$328,170Total liabilities and capital
$309,918Total liabilities
$275,350Total deposits
$255,906Interest-bearing deposits
$275,350Deposits held in domestic offices
91.42%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$30,567Other borrowed funds
$0Subordinated debt
$4,001All other liabilities
$18,252Total equity capital
$18,252Total bank equity capital
$18,252Perpetual preferred stock
$0Common stock
$6,149Surplus
$23,684Undivided profits
Memoranda
$-11,581Noncurrent loans and leases
$13,027Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$34,813Earning assets
$120Long-term assets (5+ years)
$1,961Average Assets, year-to-date
$297,164Average Assets, quarterly
$107,478Volatile liabilities
$343,892Insider loans
$342,499FHLB advances
$63,488Loans and leases held for sale
$15,711Unused loan commitments
$30,567Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,837Total risk weighted assets
$13,027Total unused commitments
$21,434Restructured Loans and leases
$3,508Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$16,649Total interest income
$1,979Total interest expense
$14,670Net interest income
$10,250Provision for loan and lease losses
$1,067Total noninterest income
$0Fiduciary activities
$1,079Service charges on deposit accounts
$0Trading account gains & fees
-$12Additional noninterest income
$10,924Total noninterest expense
$5,405Salaries and employee benefits
$1,474Premises and equipment expense
$4,045Additional noninterest expense
-$5,437Pre-tax net operating income
$120Securities gains (losses)
$0Applicable income taxes
-$5,317Income before extraordinary items
$0Extraordinary gains - net
-$5,317Net income attributable to bank
$0Net charge-offs
-$5,317Cash dividends
$9,399Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.22%Yield on earning assets
0.62%Cost of funding earning assets
4.60%Net interest margin
0.33%Noninterest income to earning assets
3.42%Noninterest expense to earning assets
-1.58%Net operating income to assets
-1.55%Return on assets (ROA)
-1.55%Pretax return on assets
-25.32%Return on equity (ROE)
-25.32%Retained earnings to average equity (YTD only)
3.27%Net charge-offs to loans
109.05%Credit loss provision to net charge-offs
0.51%Efficiency ratio
69,416Assets per employee
4.32%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
5.78%Loss allowance to noncurrent loans
43.77%Noncurrent assets plus other real estate owned to assets
13.74%Noncurrent loans to loans
13.21%Net loans and leases to deposits
90.14%Net loans and leases to core deposits
104.54%Equity capital to assets
5.56%Core capital (leverage) ratio
5.40%Tier 1 risk-based capital ratio
6.81%Total risk-based capital ratio
Memoranda
$8Average assets
$343,892Average earning assets
$20,997Average equity
$319,129Average loans
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