FDIC Certificate #: 34912 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Heritage Bank of Commerce (#33905) Federal Reserve ID: 2731287 Date Established: December 07, 1998 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 2 (Interstate: No) FDIC's unique #: 61975 Numeric code: 13 Regulator: FED Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: December 07, 1998 Last Structure Change Effective Date: January 01, 2003 Last Structure Change Process Date: Febuary 10, 2003 Last Data Update: Febuary 10, 2003 Data Source Date: April 05, 2012
Location
Address: 3077 Stevenson Boulevard, Fremont, CA 94538 County: Alameda 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): Oakland, CA (#5775) 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 Francisco-Oakland-Fremont, CA (#41860) CBSA Metro Statistical Area: San Francisco-Oakland-Fremont, CA (#41860) Core Based Statistical Division: Oakland-Fremont-Hayward, CA (#36084)
Financial Summary
Total assets: $134.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
32Total employees (full-time equivalent)
$134,330Total assets
$5,888Cash and due from depository institutions
$1Interest-bearing balances
$24,494Securities
$9,100Federal funds sold & reverse repurchase agreements
$90,959Net loans & leases
$1,403Loan loss allowance
$0Trading account assets
$301Bank premises and fixed assets
$0Other real estate owned
$240Goodwill and other intangibles
$0Life insurance assets
$3,348All other assets
$134,330Total liabilities and capital
$122,577Total liabilities
$121,290Total deposits
$101,069Interest-bearing deposits
$121,290Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,287All other liabilities
$11,753Total equity capital
$11,753Total bank equity capital
$11,753Perpetual preferred stock
$0Common stock
$5,500Surplus
$5,750Undivided profits
Memoranda
$503Noncurrent loans and leases
$45,632Noncurrent 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)
$514Average Assets, year-to-date
$124,554Average Assets, quarterly
$14,262Volatile liabilities
$131,936Insider loans
$140,515FHLB advances
$28,199Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$45,632Total unused commitments
$0Restructured Loans and leases
$1,403Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$6,876Total interest income
$1,900Total interest expense
$4,976Net interest income
$466Provision for loan and lease losses
$239Total noninterest income
$0Fiduciary activities
$172Service charges on deposit accounts
$0Trading account gains & fees
$67Additional noninterest income
$4,443Total noninterest expense
$2,375Salaries and employee benefits
$739Premises and equipment expense
$1,329Additional noninterest expense
$306Pre-tax net operating income
$267Securities gains (losses)
$196Applicable income taxes
$377Income before extraordinary items
$0Extraordinary gains - net
$377Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$321Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.61%Yield on earning assets
1.55%Cost of funding earning assets
4.06%Net interest margin
0.19%Noninterest income to earning assets
3.62%Noninterest expense to earning assets
0.15%Net operating income to assets
0.29%Return on assets (ROA)
0.43%Pretax return on assets
3.27%Return on equity (ROE)
3.27%Retained earnings to average equity (YTD only)
0.37%Net charge-offs to loans
145.17%Credit loss provision to net charge-offs
2.40%Efficiency ratio
84,430Assets per employee
4.20%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.52%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
74.99%Net loans and leases to core deposits
97.71%Equity capital to assets
8.75%Core capital (leverage) ratio
7.93%Tier 1 risk-based capital ratio
10.01%Total risk-based capital ratio
Memoranda
$11Average assets
$131,936Average earning assets
$11,520Average equity
$122,634Average loans
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