FDIC Certificate #: 22713 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Mid-State Bank & Trust (#18396) Federal Reserve ID: 230366 Date Established: September 11, 1978 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) FDIC's unique #: 15855 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: September 11, 1978 Last Structure Change Effective Date: August 31, 1999 Last Structure Change Process Date: September 24, 1999 Last Data Update: September 24, 1999 Data Source Date: April 05, 2012
Location
Address: 33 East Carrillo Street, Santa Barbara, CA 93101 County: Santa Barbara 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): Santa Barbara-Santa Maria-Lompoc, CA (#7480) Core Based Statistical Area (CBSA): Santa Barbara-Santa Maria-Goleta, CA (#42060) CBSA Metro Statistical Area: Santa Barbara-Santa Maria-Goleta, CA (#42060)
Financial Summary
Total assets: $150.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
73Total employees (full-time equivalent)
$154,305Total assets
$17,796Cash and due from depository institutions
$2,870Interest-bearing balances
$9,499Securities
$0Federal funds sold & reverse repurchase agreements
$122,097Net loans & leases
$1,540Loan loss allowance
$0Trading account assets
$2,647Bank premises and fixed assets
$0Other real estate owned
$39Goodwill and other intangibles
$0Life insurance assets
$2,227All other assets
$154,305Total liabilities and capital
$136,924Total liabilities
$135,803Total deposits
$101,654Interest-bearing deposits
$135,803Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,121All other liabilities
$17,381Total equity capital
$17,381Total bank equity capital
$17,381Perpetual preferred stock
$0Common stock
$15,927Surplus
$0Undivided profits
Memoranda
$1,454Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$129Earning assets
$0Long-term assets (5+ years)
$622Average Assets, year-to-date
$134,466Average Assets, quarterly
$30,827Volatile liabilities
$138,591Insider loans
$143,479FHLB advances
$17,838Loans and leases held for sale
$3,578Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$55,581Total unused commitments
$0Restructured Loans and leases
$134,533Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$11,828Total interest income
$3,448Total interest expense
$8,380Net interest income
$0Provision for loan and lease losses
$2,395Total noninterest income
$0Fiduciary activities
$460Service charges on deposit accounts
$0Trading account gains & fees
$1,935Additional noninterest income
$6,785Total noninterest expense
$3,735Salaries and employee benefits
$1,010Premises and equipment expense
$2,040Additional noninterest expense
$3,990Pre-tax net operating income
-$440Securities gains (losses)
$1,576Applicable income taxes
$1,974Income before extraordinary items
$0Extraordinary gains - net
$1,974Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$159Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.58%Yield on earning assets
2.79%Cost of funding earning assets
6.79%Net interest margin
1.94%Noninterest income to earning assets
5.49%Noninterest expense to earning assets
1.63%Net operating income to assets
1.42%Return on assets (ROA)
2.56%Pretax return on assets
11.68%Return on equity (ROE)
11.68%Retained earnings to average equity (YTD only)
0.15%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
25.09%Efficiency ratio
62,784Assets per employee
2.11%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.25%Loss allowance to noncurrent loans
1193.80%Noncurrent assets plus other real estate owned to assets
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