FDIC Certificate #: 23265 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Santa Barbara Bank & Trust, National Association (#18169) Federal Reserve ID: 996466 Date Established: November 24, 1980 WWW:http://www.firstbankslo.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 14021 FDIC's unique #: 16302 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: November 24, 1980 Last Structure Change Effective Date: August 01, 2005 Last Structure Change Process Date: September 19, 2005 Last Data Update: September 19, 2005 Data Source Date: April 05, 2012
Location
Address: 995 Higuera Street, San Luis Obispo, CA 93401 County: San Luis Obispo 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): San Luis Obispo-Atascadero-Paso Robles, CA (#7460) Core Based Statistical Area (CBSA): San Luis Obispo-Paso Robles, CA (#42020) CBSA Metro Statistical Area: San Luis Obispo-Paso Robles, CA (#42020)
Financial Summary
Total assets: $301.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
Dollar figures in thousands
85Total employees (full-time equivalent)
$279,565Total assets
$7,769Cash and due from depository institutions
$148Interest-bearing balances
$66,792Securities
$0Federal funds sold & reverse repurchase agreements
$193,979Net loans & leases
$2,905Loan loss allowance
$0Trading account assets
$924Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$10,101All other assets
$279,565Total liabilities and capital
$251,447Total liabilities
$225,269Total deposits
$165,732Interest-bearing deposits
$225,269Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$23,824Other borrowed funds
$0Subordinated debt
$2,354All other liabilities
$28,118Total equity capital
$28,118Total bank equity capital
$28,118Perpetual preferred stock
$0Common stock
$973Surplus
$9,526Undivided profits
Memoranda
$17,619Noncurrent loans and leases
$67,339Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$1,159Average Assets, year-to-date
$260,919Average Assets, quarterly
$44,913Volatile liabilities
$275,821Insider loans
$275,197FHLB advances
$50,653Loans and leases held for sale
$5,638Unused loan commitments
$23,824Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$67,339Total unused commitments
$0Restructured Loans and leases
$2,639Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$14,741Total interest income
$2,771Total interest expense
$11,970Net interest income
$573Provision for loan and lease losses
$2,335Total noninterest income
$0Fiduciary activities
$774Service charges on deposit accounts
$0Trading account gains & fees
$1,561Additional noninterest income
$9,465Total noninterest expense
$5,423Salaries and employee benefits
$854Premises and equipment expense
$3,188Additional noninterest expense
$4,267Pre-tax net operating income
$159Securities gains (losses)
$1,634Applicable income taxes
$2,792Income before extraordinary items
$0Extraordinary gains - net
$2,792Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$164Sale, conversion, retirement of capital stock, net
$920Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.82%Yield on earning assets
1.09%Cost of funding earning assets
4.73%Net interest margin
0.92%Noninterest income to earning assets
3.74%Noninterest expense to earning assets
0.98%Net operating income to assets
1.01%Return on assets (ROA)
1.60%Pretax return on assets
10.34%Return on equity (ROE)
6.93%Retained earnings to average equity (YTD only)
0.09%Net charge-offs to loans
349.39%Credit loss provision to net charge-offs
29.51%Efficiency ratio
66,166Assets per employee
3.29%Cash dividends to net income (YTD only)
Condition Ratios (%)
32.95%Loss allowance to loans
1.48%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
86.11%Net loans and leases to core deposits
102.84%Equity capital to assets
10.06%Core capital (leverage) ratio
10.04%Tier 1 risk-based capital ratio
13.19%Total risk-based capital ratio
Memoranda
$14Average assets
$275,821Average earning assets
$27,013Average equity
$253,130Average loans
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