FDIC Certificate #: 58808 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bay Commercial Bank (#57716) Federal Reserve ID: 3744891 Date Established: December 03, 2008 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 468941 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: December 03, 2008 Last Structure Change Effective Date: October 19, 2011 Last Structure Change Process Date: December 05, 2011 Last Data Update: December 05, 2011 Data Source Date: April 05, 2012
Location
Address: 700 E. El Camino Real, Suite 300, Mountain View, CA 94040 County: Santa Clara 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): San Jose, CA (#7400) Consolidated Metropolitan Statistical Area (CMSA): San Francisco-Oakland-San Jose, CA (#84) Combined Statistical Area (CSA): San Jose-San Francisco-Oakland, CA (#488) Core Based Statistical Area (CBSA): San Jose-Sunnyvale-Santa Clara, CA (#41940) CBSA Metro Statistical Area: San Jose-Sunnyvale-Santa Clara, CA (#41940)
Financial Summary
Total assets: $86.7 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2010)
Dollar figures in thousands
16Total employees (full-time equivalent)
$65,581Total assets
$23,439Cash and due from depository institutions
$19,798Interest-bearing balances
$0Securities
$4,610Federal funds sold & reverse repurchase agreements
$36,605Net loans & leases
$794Loan loss allowance
$0Trading account assets
$457Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$470All other assets
$65,581Total liabilities and capital
$49,564Total liabilities
$49,367Total deposits
$44,249Interest-bearing deposits
$49,367Deposits held in domestic offices
83.37%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$197All other liabilities
$16,017Total equity capital
$16,017Total bank equity capital
$16,017Perpetual preferred stock
$0Common stock
$21,000Surplus
$0Undivided profits
Memoranda
$-4,983Noncurrent loans and leases
$3,934Noncurrent 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)
$125Average Assets, year-to-date
$61,013Average Assets, quarterly
$11,904Volatile liabilities
$60,140Insider loans
$62,539FHLB advances
$17,748Loans and leases held for sale
$2,492Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,934Total unused commitments
$0Restructured Loans and leases
$530Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$2,402Total interest income
$681Total interest expense
$1,721Net interest income
$299Provision for loan and lease losses
$395Total noninterest income
$0Fiduciary activities
$15Service charges on deposit accounts
$0Trading account gains & fees
$380Additional noninterest income
$3,376Total noninterest expense
$2,080Salaries and employee benefits
$430Premises and equipment expense
$866Additional noninterest expense
-$1,559Pre-tax net operating income
$0Securities gains (losses)
$2Applicable income taxes
-$1,561Income before extraordinary items
$0Extraordinary gains - net
-$1,561Net income attributable to bank
$0Net charge-offs
-$1,561Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.36%Yield on earning assets
1.24%Cost of funding earning assets
3.13%Net interest margin
0.72%Noninterest income to earning assets
6.13%Noninterest expense to earning assets
-2.60%Net operating income to assets
-2.60%Return on assets (ROA)
-2.59%Pretax return on assets
-9.34%Return on equity (ROE)
-9.34%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
159,546Assets per employee
4.10%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.12%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
74.15%Net loans and leases to core deposits
115.77%Equity capital to assets
24.42%Core capital (leverage) ratio
25.24%Tier 1 risk-based capital ratio
37.98%Total risk-based capital ratio
Memoranda
$39Average assets
$60,140Average earning assets
$16,714Average equity
$55,033Average loans
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