Desert Community Bank in Victorville, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 18, 2007

  • Desert Community Bank in Victorville, California (CA)
  • Show street view No street view available for this location

Desert Community Bank - Overview

  • General
  • FDIC Certificate #: 23066
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: East West Bank (#31628)
    Federal Reserve ID: 155263
    Date Established: March 05, 1980
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 10 (Interstate: No)
    FDIC's unique #: 16155
    Numeric code: 13
    Regulator: FED
    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: March 05, 1980
    Last Structure Change Effective Date: August 18, 2007
    Last Structure Change Process Date: September 04, 2007
    Last Data Update: September 04, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 12530 Hesperia Road, Victorville, CA 92392
    County: San Bernardino
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Los Angeles (North)
    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: $576.3 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, 2006)

  • Dollar figures in thousands
  • 210Total employees (full-time equivalent)
  • $532,728Total assets
  • $22,796Cash and due from depository institutions
  • $462Interest-bearing balances
  • $76,121Securities
  • $13,639Federal funds sold & reverse repurchase agreements
  • $381,073Net loans & leases
  • $4,224Loan loss allowance
  • $0Trading account assets
  • $16,751Bank premises and fixed assets
  • $0Other real estate owned
  • $135Goodwill and other intangibles
  • $11,145Life insurance assets
  • $22,213All other assets
  • $532,729Total liabilities and capital
  • $476,712Total liabilities
  • $461,794Total deposits
  • $383,928Interest-bearing deposits
  • $461,794Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,328Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $10,700Other borrowed funds
  • $0Subordinated debt
  • $2,890All other liabilities
  • $56,017Total equity capital
  • $56,017Total bank equity capital
  • $56,017Perpetual preferred stock
  • $0Common stock
  • $16,785Surplus
  • $0Undivided profits
  • Memoranda
  • $39,232Noncurrent loans and leases
  • $68,736Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,857Earning assets
  • $200Long-term assets (5+ years)
  • $2,418Average Assets, year-to-date
  • $471,295Average Assets, quarterly
  • $131,274Volatile liabilities
  • $547,910Insider loans
  • $546,256FHLB advances
  • $44,853Loans and leases held for sale
  • $164Unused loan commitments
  • $10,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,509Total risk weighted assets
  • $68,736Total unused commitments
  • $1,077Restructured Loans and leases
  • $4,277Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $36,709Total interest income
  • $8,083Total interest expense
  • $28,626Net interest income
  • $630Provision for loan and lease losses
  • $5,908Total noninterest income
  • $0Fiduciary activities
  • $1,638Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,270Additional noninterest income
  • $22,603Total noninterest expense
  • $12,803Salaries and employee benefits
  • $2,858Premises and equipment expense
  • $6,942Additional noninterest expense
  • $11,301Pre-tax net operating income
  • $61Securities gains (losses)
  • $4,547Applicable income taxes
  • $6,815Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,815Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$8Sale, conversion, retirement of capital stock, net
  • $710Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.55%Yield on earning assets
  • 1.66%Cost of funding earning assets
  • 5.89%Net interest margin
  • 1.22%Noninterest income to earning assets
  • 4.65%Noninterest expense to earning assets
  • 1.24%Net operating income to assets
  • 1.24%Return on assets (ROA)
  • 2.07%Pretax return on assets
  • 13.14%Return on equity (ROE)
  • 11.77%Retained earnings to average equity (YTD only)
  • -0.00%Net charge-offs to loans
  • -7875.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 65,451Assets per employee
  • 2.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 10.42%Loss allowance to loans
  • 1.10%Loss allowance to noncurrent loans
  • 147.85%Noncurrent assets plus other real estate owned to assets
  • 0.54%Noncurrent loans to loans
  • 0.74%Net loans and leases to deposits
  • 82.52%Net loans and leases to core deposits
  • 90.95%Equity capital to assets
  • 10.52%Core capital (leverage) ratio
  • 10.16%Tier 1 risk-based capital ratio
  • 12.20%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $547,910Average earning assets
  • $51,850Average equity
  • $485,892Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Desert Community Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents