First National Bank of Central California in city_name, state_name

First National Bank of Central California in Salinas, California (CA)
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First National Bank of Central California - Overview

General
FDIC Certificate #: 25185
Status: Inactive
Closing history: Office Purchased
Acquiring institution: Santa Barbara Bank & Trust, National Association (#18169)
Federal Reserve ID: 195867
Date Established: April 02, 1984
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 11 (Interstate: No)
FDIC's unique #: 17428
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: April 02, 1984
Last Structure Change Effective Date: March 29, 2002
Last Structure Change Process Date: April 25, 2002
Last Data Update: April 25, 2002
Data Source Date: April 05, 2012
Location
Address: 1001 South Main Street, Salinas, CA 93901
County: Monterey
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): Salinas, CA (#7120)
Core Based Statistical Area (CBSA): Salinas, CA (#41500)
CBSA Metro Statistical Area: Salinas, CA (#41500)
History of Changes
Merger - Without Assistance
Change in Insurance Status
Office Purchased
Financial Summary
Total assets: $1,235.8 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, 2001)

Dollar figures in thousands
266Total employees (full-time equivalent)
$1,235,839Total assets
$50,482Cash and due from depository institutions
$0Interest-bearing balances
$245,432Securities
$0Federal funds sold & reverse repurchase agreements
$888,149Net loans & leases
$14,044Loan loss allowance
$0Trading account assets
$12,160Bank premises and fixed assets
$0Other real estate owned
$1,434Goodwill and other intangibles
$0Life insurance assets
$38,182All other assets
$1,235,839Total liabilities and capital
$1,135,512Total liabilities
$1,095,212Total deposits
$863,248Interest-bearing deposits
$1,095,212Deposits held in domestic offices
0.00%% insured (estimated)
$22,788Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,331Other borrowed funds
$0Subordinated debt
$14,181All other liabilities
$100,327Total equity capital
$100,327Total bank equity capital
$100,327Perpetual preferred stock
$0Common stock
$9,000Surplus
$28,725Undivided profits
Memoranda
$62,602Noncurrent loans and leases
$230,414Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$5,966Earning assets
$0Long-term assets (5+ years)
$4,179Average Assets, year-to-date
$1,133,581Average Assets, quarterly
$271,989Volatile liabilities
$1,195,358Insider loans
$1,216,397FHLB advances
$334,368Loans and leases held for sale
$13,943Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$230,414Total unused commitments
$0Restructured Loans and leases
$13,094Derivatives

Income and Expense (December 31, 2001)

Dollar figures in thousands
$85,641Total interest income
$30,202Total interest expense
$55,439Net interest income
$4,096Provision for loan and lease losses
$12,056Total noninterest income
$549Fiduciary activities
$3,737Service charges on deposit accounts
$0Trading account gains & fees
$7,770Additional noninterest income
$38,982Total noninterest expense
$14,136Salaries and employee benefits
$3,734Premises and equipment expense
$21,112Additional noninterest expense
$24,417Pre-tax net operating income
$408Securities gains (losses)
$9,172Applicable income taxes
$15,653Income before extraordinary items
$0Extraordinary gains - net
$15,653Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2,249Sale, conversion, retirement of capital stock, net
$4,900Net operating income

Performance and Condition Ratios (December 31, 2001)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.91%Yield on earning assets
2.79%Cost of funding earning assets
5.12%Net interest margin
1.11%Noninterest income to earning assets
3.60%Noninterest expense to earning assets
1.29%Net operating income to assets
1.31%Return on assets (ROA)
2.08%Pretax return on assets
16.51%Return on equity (ROE)
11.34%Retained earnings to average equity (YTD only)
0.27%Net charge-offs to loans
182.13%Credit loss provision to net charge-offs
12.68%Efficiency ratio
57,388Assets per employee
4.65%Cash dividends to net income (YTD only)
Condition Ratios (%)
31.30%Loss allowance to loans
1.56%Loss allowance to noncurrent loans
235.40%Noncurrent assets plus other real estate owned to assets
0.48%Noncurrent loans to loans
0.66%Net loans and leases to deposits
81.09%Net loans and leases to core deposits
112.86%Equity capital to assets
8.12%Core capital (leverage) ratio
7.97%Tier 1 risk-based capital ratio
9.30%Total risk-based capital ratio
Memoranda
$11Average assets
$1,195,358Average earning assets
$94,802Average equity
$1,082,390Average loans

Total Fiduciary and Related Assets (December 31, 2001)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$62,360Managed Assets
1Number of Accounts
$53,626Personal trust and agency accounts
$20,683Employee benefit-defined contribution accounts
$1,268Employee benefit-defined benefit accounts
$0Other retirement accounts
$5,196Corporate trust and agency accounts
$0Investment management agency accounts
$26,479Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
97Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$8,734Other retirement accounts
$1,325Corporate trust and agency accounts
$0Other fiduciary accounts
$7,409Fiduciary accounts held in foreign offices

First National Bank of Central California in Salinas, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First National Bank of Central California - Overview

Assets and Liabilities (December 31, 2001)

Income and Expense (December 31, 2001)

Performance and Condition Ratios (December 31, 2001)

Total Fiduciary and Related Assets (December 31, 2001)

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

First National Bank of Central California in Salinas, California (CA)Overview, Financial Summary, Detailed Financial Reports, Branches

First National Bank of Central California - Overview

Assets and Liabilities (December 31, 2001)

Income and Expense (December 31, 2001)

Performance and Condition Ratios (December 31, 2001)

Total Fiduciary and Related Assets (December 31, 2001)

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

First National Bank of Central California in Salinas, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches