Continental Pacific Bank in Vacaville, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 16, 1998

  • Continental Pacific Bank in Vacaville, California (CA)
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Continental Pacific Bank - Overview

  • General
  • FDIC Certificate #: 24797
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SierraWest Bank (#23323)
    Federal Reserve ID: 868
    Date Established: November 14, 1983
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Interstate: No)
    OTS Docket #: 13334
    FDIC's unique #: 17204
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 14, 1983
    Last Structure Change Effective Date: April 16, 1998
    Last Structure Change Process Date: May 11, 1998
    Last Data Update: May 11, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 141 Parker Street, Vacaville, CA 95688
    County: Solano
    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
    Metropolitan Statistical Area (MSA): Vallejo-Fairfield-Napa, CA (#8720)
    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): Vallejo-Fairfield, CA (#46700)
    CBSA Metro Statistical Area: Vallejo-Fairfield, CA (#46700)
  • Financial Summary
  • Total assets: $208.5 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
  • 77Total employees (full-time equivalent)
  • $196,677Total assets
  • $10,289Cash and due from depository institutions
  • $20Interest-bearing balances
  • $48,465Securities
  • $8,775Federal funds sold & reverse repurchase agreements
  • $119,322Net loans & leases
  • $1,242Loan loss allowance
  • $0Trading account assets
  • $6,373Bank premises and fixed assets
  • $96Other real estate owned
  • $504Goodwill and other intangibles
  • $0Life insurance assets
  • $2,853All other assets
  • $196,677Total liabilities and capital
  • $182,684Total liabilities
  • $174,900Total deposits
  • $142,612Interest-bearing deposits
  • $174,900Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $588Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,650Other borrowed funds
  • $3,668Subordinated debt
  • $878All other liabilities
  • $13,993Total equity capital
  • $13,993Total bank equity capital
  • $13,993Perpetual preferred stock
  • $0Common stock
  • $10,824Surplus
  • $0Undivided profits
  • Memoranda
  • $3,169Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,160Earning assets
  • $26Long-term assets (5+ years)
  • $828Average Assets, year-to-date
  • $176,582Average Assets, quarterly
  • $14,834Volatile liabilities
  • $192,445Insider loans
  • $194,290FHLB advances
  • $22,818Loans and leases held for sale
  • $3,334Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $18,191Total unused commitments
  • $0Restructured Loans and leases
  • $139,678Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $14,255Total interest income
  • $6,193Total interest expense
  • $8,062Net interest income
  • $319Provision for loan and lease losses
  • $1,375Total noninterest income
  • $0Fiduciary activities
  • $908Service charges on deposit accounts
  • $0Trading account gains & fees
  • $467Additional noninterest income
  • $6,503Total noninterest expense
  • $3,476Salaries and employee benefits
  • $1,340Premises and equipment expense
  • $1,687Additional noninterest expense
  • $2,615Pre-tax net operating income
  • $42Securities gains (losses)
  • $977Applicable income taxes
  • $1,680Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,680Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $178Sale, conversion, retirement of capital stock, net
  • $750Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.28%Yield on earning assets
  • 3.60%Cost of funding earning assets
  • 4.69%Net interest margin
  • 0.80%Noninterest income to earning assets
  • 3.78%Noninterest expense to earning assets
  • 0.86%Net operating income to assets
  • 0.87%Return on assets (ROA)
  • 1.38%Pretax return on assets
  • 12.51%Return on equity (ROE)
  • 6.92%Retained earnings to average equity (YTD only)
  • 0.15%Net charge-offs to loans
  • 179.21%Credit loss provision to net charge-offs
  • 16.48%Efficiency ratio
  • 68,518Assets per employee
  • 2.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 44.64%Loss allowance to loans
  • 1.03%Loss allowance to noncurrent loans
  • 107.07%Noncurrent assets plus other real estate owned to assets
  • 0.64%Noncurrent loans to loans
  • 0.96%Net loans and leases to deposits
  • 68.22%Net loans and leases to core deposits
  • 78.16%Equity capital to assets
  • 7.11%Core capital (leverage) ratio
  • 7.02%Tier 1 risk-based capital ratio
  • 9.75%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $192,445Average earning assets
  • $13,431Average equity
  • $172,080Average loans

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