FDIC Certificate #: 26250 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Westamerica Bank (#3430) Federal Reserve ID: 698265 Date Established: April 22, 1985 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) OTS Docket #: 14654 FDIC's unique #: 32606 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: April 22, 1985 Last Structure Change Effective Date: September 16, 2000 Last Structure Change Process Date: September 29, 2000 Last Data Update: September 29, 2000 Data Source Date: April 05, 2012
Location
Address: 15145 Lakeshore Drive, Clearlake, CA 95422 County: Lake 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 Core Based Statistical Area (CBSA): Clearlake, CA (#17340) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $90.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
55Total employees (full-time equivalent)
$90,656Total assets
$6,380Cash and due from depository institutions
$496Interest-bearing balances
$14,664Securities
$6,010Federal funds sold & reverse repurchase agreements
$59,721Net loans & leases
$1,164Loan loss allowance
$0Trading account assets
$852Bank premises and fixed assets
$267Other real estate owned
$187Goodwill and other intangibles
$0Life insurance assets
$2,575All other assets
$90,656Total liabilities and capital
$81,963Total liabilities
$81,057Total deposits
$70,119Interest-bearing deposits
$81,057Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$906All other liabilities
$8,693Total equity capital
$8,693Total bank equity capital
$8,693Perpetual preferred stock
$0Common stock
$5,462Surplus
$0Undivided profits
Memoranda
$3,231Noncurrent loans and leases
$13,836Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$752Earning assets
$388Long-term assets (5+ years)
$522Average Assets, year-to-date
$80,891Average Assets, quarterly
$6,053Volatile liabilities
$89,685Insider loans
$91,579FHLB advances
$7,089Loans and leases held for sale
$2,060Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$13,836Total unused commitments
$2,029Restructured Loans and leases
$781Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$7,290Total interest income
$2,608Total interest expense
$4,682Net interest income
$241Provision for loan and lease losses
$1,262Total noninterest income
$0Fiduciary activities
$487Service charges on deposit accounts
$0Trading account gains & fees
$775Additional noninterest income
$4,198Total noninterest expense
$2,006Salaries and employee benefits
$917Premises and equipment expense
$1,275Additional noninterest expense
$1,505Pre-tax net operating income
$0Securities gains (losses)
$552Applicable income taxes
$953Income before extraordinary items
$0Extraordinary gains - net
$953Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$105Sale, conversion, retirement of capital stock, net
$41Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.01%Yield on earning assets
3.22%Cost of funding earning assets
5.79%Net interest margin
1.56%Noninterest income to earning assets
5.19%Noninterest expense to earning assets
1.06%Net operating income to assets
1.06%Return on assets (ROA)
1.68%Pretax return on assets
11.37%Return on equity (ROE)
10.88%Retained earnings to average equity (YTD only)
0.18%Net charge-offs to loans
229.52%Credit loss provision to net charge-offs
16.63%Efficiency ratio
69,583Assets per employee
1.65%Cash dividends to net income (YTD only)
Condition Ratios (%)
4.30%Loss allowance to loans
1.91%Loss allowance to noncurrent loans
154.79%Noncurrent assets plus other real estate owned to assets
1.12%Noncurrent loans to loans
1.24%Net loans and leases to deposits
73.68%Net loans and leases to core deposits
80.74%Equity capital to assets
9.59%Core capital (leverage) ratio
9.85%Tier 1 risk-based capital ratio
14.34%Total risk-based capital ratio
Memoranda
$16Average assets
$89,685Average earning assets
$8,381Average equity
$80,900Average loans
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