FDIC Certificate #: 23743 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Pacific Western Bank (#24045) Federal Reserve ID: 931766 Date Established: March 03, 1982 WWW:http://www.banksandiego.com Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 14 (Interstate: No) FDIC's unique #: 16598 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: March 03, 1982 Last Structure Change Effective Date: October 26, 2006 Last Structure Change Process Date: November 21, 2006 Last Data Update: November 21, 2006 Data Source Date: April 05, 2012
Location
Address: 6110 El Tordo, Rancho Santa Fe, CA 92067 County: San Diego Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Orange Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): San Diego, CA (#7320) Core Based Statistical Area (CBSA): San Diego-Carlsbad-San Marcos, CA (#41740) CBSA Metro Statistical Area: San Diego-Carlsbad-San Marcos, CA (#41740)
Financial Summary
Total assets: $1,191.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
196Total employees (full-time equivalent)
$1,140,794Total assets
$29,021Cash and due from depository institutions
$5Interest-bearing balances
$64,386Securities
$8,193Federal funds sold & reverse repurchase agreements
$825,476Net loans & leases
$11,670Loan loss allowance
$0Trading account assets
$4,978Bank premises and fixed assets
$0Other real estate owned
$156,226Goodwill and other intangibles
$0Life insurance assets
$52,514All other assets
$1,140,794Total liabilities and capital
$867,690Total liabilities
$769,881Total deposits
$703,122Interest-bearing deposits
$769,881Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$85,000Other borrowed funds
$0Subordinated debt
$12,809All other liabilities
$273,104Total equity capital
$273,104Total bank equity capital
$273,104Perpetual preferred stock
$0Common stock
$6,222Surplus
$235,990Undivided profits
Memoranda
$30,892Noncurrent loans and leases
$344,210Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,329Earning assets
$428Long-term assets (5+ years)
$4,406Average Assets, year-to-date
$898,060Average Assets, quarterly
$33,868Volatile liabilities
$1,201,692Insider loans
$1,166,612FHLB advances
$100,660Loans and leases held for sale
$0Unused loan commitments
$85,000Tier 1 (core) risk-based capital
$51Tier 2 risk-based capital
$0Total risk weighted assets
$344,210Total unused commitments
$0Restructured Loans and leases
$12,354Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$76,941Total interest income
$8,126Total interest expense
$68,815Net interest income
-$117Provision for loan and lease losses
$7,297Total noninterest income
$0Fiduciary activities
$2,264Service charges on deposit accounts
$0Trading account gains & fees
$5,033Additional noninterest income
$32,471Total noninterest expense
$18,821Salaries and employee benefits
$5,773Premises and equipment expense
$7,877Additional noninterest expense
$43,758Pre-tax net operating income
-$45Securities gains (losses)
$17,992Applicable income taxes
$25,721Income before extraordinary items
$0Extraordinary gains - net
$25,721Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$811Sale, conversion, retirement of capital stock, net
$10,500Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.08%Yield on earning assets
0.85%Cost of funding earning assets
7.23%Net interest margin
0.77%Noninterest income to earning assets
3.41%Noninterest expense to earning assets
2.14%Net operating income to assets
2.14%Return on assets (ROA)
3.64%Pretax return on assets
9.75%Return on equity (ROE)
5.77%Retained earnings to average equity (YTD only)
0.09%Net charge-offs to loans
-14.43%Credit loss provision to net charge-offs
53.81%Efficiency ratio
40,019Assets per employee
5.82%Cash dividends to net income (YTD only)
Condition Ratios (%)
40.82%Loss allowance to loans
1.39%Loss allowance to noncurrent loans
350.56%Noncurrent assets plus other real estate owned to assets
0.29%Noncurrent loans to loans
0.40%Net loans and leases to deposits
107.22%Net loans and leases to core deposits
116.39%Equity capital to assets
23.94%Core capital (leverage) ratio
11.92%Tier 1 risk-based capital ratio
12.39%Total risk-based capital ratio
Memoranda
$14Average assets
$1,201,692Average earning assets
$263,797Average equity
$952,333Average loans
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