FDIC Certificate #: 24228 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Westamerica Bank (#3430) Federal Reserve ID: 836067 Date Established: January 17, 1983 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 16873 Numeric code: 21 Regulator: FDIC 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: January 17, 1983 Last Structure Change Effective Date: June 21, 2002 Last Structure Change Process Date: July 23, 2002 Last Data Update: July 23, 2002 Data Source Date: April 05, 2012
Location
Address: 306 South Madera Avenue, Kerman, CA 93630 County: Fresno Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Sacramento Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Fresno, CA (#2840) Combined Statistical Area (CSA): Fresno-Madera, CA (#260) Core Based Statistical Area (CBSA): Fresno, CA (#23420) CBSA Metro Statistical Area: Fresno, CA (#23420)
Financial Summary
Total assets: $99.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
50Total employees (full-time equivalent)
$105,535Total assets
$6,238Cash and due from depository institutions
$99Interest-bearing balances
$16,825Securities
$12,105Federal funds sold & reverse repurchase agreements
$62,916Net loans & leases
$1,298Loan loss allowance
$0Trading account assets
$1,193Bank premises and fixed assets
$2,618Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,640All other assets
$105,535Total liabilities and capital
$93,837Total liabilities
$92,878Total deposits
$73,936Interest-bearing deposits
$92,878Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$959All other liabilities
$11,698Total equity capital
$11,698Total bank equity capital
$11,698Perpetual preferred stock
$0Common stock
$7,082Surplus
$0Undivided profits
Memoranda
$4,616Noncurrent loans and leases
$14,553Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,555Earning assets
$0Long-term assets (5+ years)
$1,612Average Assets, year-to-date
$91,945Average Assets, quarterly
$13,153Volatile liabilities
$106,157Insider loans
$103,860FHLB advances
$38,261Loans and leases held for sale
$2,230Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$14,553Total unused commitments
$0Restructured Loans and leases
$960Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$7,495Total interest income
$2,690Total interest expense
$4,805Net interest income
$295Provision for loan and lease losses
$996Total noninterest income
$0Fiduciary activities
$389Service charges on deposit accounts
$0Trading account gains & fees
$607Additional noninterest income
$4,005Total noninterest expense
$2,100Salaries and employee benefits
$323Premises and equipment expense
$1,582Additional noninterest expense
$1,501Pre-tax net operating income
$2Securities gains (losses)
$583Applicable income taxes
$920Income before extraordinary items
$0Extraordinary gains - net
$920Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$257Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.07%Yield on earning assets
2.90%Cost of funding earning assets
5.17%Net interest margin
1.07%Noninterest income to earning assets
4.31%Noninterest expense to earning assets
0.87%Net operating income to assets
0.87%Return on assets (ROA)
1.42%Pretax return on assets
8.19%Return on equity (ROE)
8.19%Retained earnings to average equity (YTD only)
0.37%Net charge-offs to loans
114.79%Credit loss provision to net charge-offs
6.99%Efficiency ratio
69,040Assets per employee
2.11%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.02%Loss allowance to noncurrent loans
50.80%Noncurrent assets plus other real estate owned to assets
4.78%Noncurrent loans to loans
3.98%Net loans and leases to deposits
67.74%Net loans and leases to core deposits
115.19%Equity capital to assets
11.08%Core capital (leverage) ratio
11.24%Tier 1 risk-based capital ratio
15.13%Total risk-based capital ratio
Memoranda
$16Average assets
$106,157Average earning assets
$11,232Average equity
$92,892Average loans
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