FDIC Certificate #: 57885 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Grandpoint Bank (#58390) Federal Reserve ID: 3351598 Date Established: May 11, 2005 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 429285 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: May 11, 2005 Last Structure Change Effective Date: November 05, 2010 Last Structure Change Process Date: November 09, 2010 Last Data Update: November 09, 2010 Data Source Date: April 05, 2012
Location
Address: 8990 Westminster Boulevard, Westminster, CA 92683 County: Orange 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): Orange County, CA (#5945) Consolidated Metropolitan Statistical Area (CMSA): Los Angeles-Riverside-Orange County, CA (#49) Combined Statistical Area (CSA): Los Angeles-Long Beach-Riverside, CA (#348) Core Based Statistical Area (CBSA): Los Angeles-Long Beach-Santa Ana, CA (#31100) CBSA Metro Statistical Area: Los Angeles-Long Beach-Santa Ana, CA (#31100) Core Based Statistical Division: Santa Ana-Anaheim-Irvine, CA (#42044)
Financial Summary
Total assets: $48.0 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2009)
Dollar figures in thousands
16Total employees (full-time equivalent)
$57,072Total assets
$6,711Cash and due from depository institutions
$0Interest-bearing balances
$3,884Securities
$4,625Federal funds sold & reverse repurchase agreements
$40,259Net loans & leases
$1,435Loan loss allowance
$0Trading account assets
$829Bank premises and fixed assets
$0Other real estate owned
$224Goodwill and other intangibles
$0Life insurance assets
$540All other assets
$57,072Total liabilities and capital
$54,642Total liabilities
$53,985Total deposits
$49,376Interest-bearing deposits
$53,985Deposits held in domestic offices
83.34%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$657All other liabilities
$2,430Total equity capital
$2,430Total bank equity capital
$2,430Perpetual preferred stock
$0Common stock
$14,902Surplus
$846Undivided profits
Memoranda
$-13,318Noncurrent loans and leases
$826Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$8,522Earning assets
$0Long-term assets (5+ years)
$164Average Assets, year-to-date
$48,768Average Assets, quarterly
$4,671Volatile liabilities
$58,364Insider loans
$61,130FHLB advances
$29,093Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$826Total unused commitments
$0Restructured Loans and leases
$563Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$2,749Total interest income
$1,654Total interest expense
$1,095Net interest income
$679Provision for loan and lease losses
$672Total noninterest income
$0Fiduciary activities
$103Service charges on deposit accounts
$0Trading account gains & fees
$569Additional noninterest income
$3,961Total noninterest expense
$1,516Salaries and employee benefits
$526Premises and equipment expense
$1,919Additional noninterest expense
-$2,873Pre-tax net operating income
-$1Securities gains (losses)
$1Applicable income taxes
-$2,875Income before extraordinary items
$0Extraordinary gains - net
-$2,875Net income attributable to bank
$0Net charge-offs
-$2,875Cash dividends
$282Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.30%Yield on earning assets
3.19%Cost of funding earning assets
2.11%Net interest margin
1.30%Noninterest income to earning assets
7.63%Noninterest expense to earning assets
-4.92%Net operating income to assets
-4.93%Return on assets (ROA)
-4.92%Pretax return on assets
-74.40%Return on equity (ROE)
-74.40%Retained earnings to average equity (YTD only)
0.62%Net charge-offs to loans
240.78%Credit loss provision to net charge-offs
-7.78%Efficiency ratio
224,165Assets per employee
3.57%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.44%Loss allowance to noncurrent loans
16.84%Noncurrent assets plus other real estate owned to assets
14.93%Noncurrent loans to loans
20.44%Net loans and leases to deposits
74.57%Net loans and leases to core deposits
161.73%Equity capital to assets
4.26%Core capital (leverage) ratio
4.37%Tier 1 risk-based capital ratio
5.72%Total risk-based capital ratio
Memoranda
$7Average assets
$58,364Average earning assets
$3,864Average equity
$51,880Average loans
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