FDIC Certificate #: 32586 Status: Inactive Closing history: Corrections Acquiring institution:Bay View Bank, National Association (#31698) Federal Reserve ID: 1218932 Date Established: April 01, 1988 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 8494 FDIC's unique #: 45420 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: April 01, 1988 Last Structure Change Effective Date: January 02, 1998 Last Structure Change Process Date: January 29, 1998 Last Data Update: December 20, 1999 Data Source Date: April 05, 2012
Location
Address: 1200 San Carlos Avenue, San Carlos, CA 94070 County: San Mateo Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: San Francisco Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): San Francisco, CA (#7360) 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): San Francisco-Oakland-Fremont, CA (#41860) CBSA Metro Statistical Area: San Francisco-Oakland-Fremont, CA (#41860) Core Based Statistical Division: San Francisco-San Mateo-Redwood City, CA (#41884)
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $2,275.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
372Total employees (full-time equivalent)
$2,275,594Total assets
$62,829Cash and due from depository institutions
$30,369Interest-bearing balances
$554,208Securities
$30,000Federal funds sold & reverse repurchase agreements
$1,527,484Net loans & leases
$11,352Loan loss allowance
$0Trading account assets
$8,882Bank premises and fixed assets
$1,178Other real estate owned
$2,175Goodwill and other intangibles
$0Life insurance assets
$88,838All other assets
$2,275,594Total liabilities and capital
$2,093,919Total liabilities
$2,018,506Total deposits
$2,018,506Interest-bearing deposits
$2,018,506Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$56,000Other borrowed funds
$0Subordinated debt
$19,413All other liabilities
$181,675Total equity capital
$181,675Total bank equity capital
$181,675Perpetual preferred stock
$0Common stock
$5,000Surplus
$97,498Undivided profits
Memoranda
$79,177Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,278Earning assets
$0Long-term assets (5+ years)
$8,076Average Assets, year-to-date
$2,142,061Average Assets, quarterly
$0Volatile liabilities
$2,214,466Insider loans
$2,258,358FHLB advances
$402,100Loans and leases held for sale
$0Unused loan commitments
$56,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$54,973Total unused commitments
$0Restructured Loans and leases
$1,052,308Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$156,015Total interest income
$96,704Total interest expense
$59,311Net interest income
$4,756Provision for loan and lease losses
$12,787Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$12,787Additional noninterest income
$45,994Total noninterest expense
$25,798Salaries and employee benefits
$8,035Premises and equipment expense
$12,161Additional noninterest expense
$21,348Pre-tax net operating income
$332Securities gains (losses)
$1,280Applicable income taxes
$20,400Income before extraordinary items
$0Extraordinary gains - net
$20,400Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$266Sale, conversion, retirement of capital stock, net
$12,000Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.40%Yield on earning assets
4.58%Cost of funding earning assets
2.81%Net interest margin
0.61%Noninterest income to earning assets
2.18%Noninterest expense to earning assets
0.91%Net operating income to assets
0.92%Return on assets (ROA)
0.98%Pretax return on assets
11.51%Return on equity (ROE)
4.74%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
1787.97%Credit loss provision to net charge-offs
98.14%Efficiency ratio
62,185Assets per employee
6.12%Cash dividends to net income (YTD only)
Condition Ratios (%)
58.82%Loss allowance to loans
0.74%Loss allowance to noncurrent loans
265.36%Noncurrent assets plus other real estate owned to assets
0.21%Noncurrent loans to loans
0.28%Net loans and leases to deposits
75.67%Net loans and leases to core deposits
91.33%Equity capital to assets
7.98%Core capital (leverage) ratio
7.18%Tier 1 risk-based capital ratio
15.38%Total risk-based capital ratio
Memoranda
$16Average assets
$2,214,466Average earning assets
$177,192Average equity
$2,109,463Average loans
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