FDIC Certificate #: 57324 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:1st Pacific Bank of California (#35517) Federal Reserve ID: 3135109 Date Established: August 26, 2002 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) FDIC's unique #: 361866 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: August 26, 2002 Last Structure Change Effective Date: July 02, 2007 Last Structure Change Process Date: September 10, 2007 Last Data Update: September 10, 2007 Data Source Date: April 05, 2012
Location
Address: 937 Lomas Santa Fe Drive, Solana Beach, CA 92075 County: San Diego 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): San Diego, CA (#7320) Core Based Statistical Area (CBSA): San Diego-Carlsbad-San Marcos, CA (#41740) CBSA Metro Statistical Area: San Diego-Carlsbad-San Marcos, CA (#41740)
Financial Summary
Total assets: $100.3 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2006)
Dollar figures in thousands
39Total employees (full-time equivalent)
$125,016Total assets
$3,879Cash and due from depository institutions
$1,703Interest-bearing balances
$21,111Securities
$16,325Federal funds sold & reverse repurchase agreements
$74,846Net loans & leases
$1,084Loan loss allowance
$0Trading account assets
$1,060Bank premises and fixed assets
$0Other real estate owned
$5,227Goodwill and other intangibles
$0Life insurance assets
$2,568All other assets
$125,016Total liabilities and capital
$107,263Total liabilities
$102,459Total deposits
$71,423Interest-bearing deposits
$102,459Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,968Other borrowed funds
$0Subordinated debt
$836All other liabilities
$17,753Total equity capital
$17,753Total bank equity capital
$17,753Perpetual preferred stock
$0Common stock
$9,587Surplus
$12,106Undivided profits
Memoranda
$-3,940Noncurrent loans and leases
$21,289Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$491Earning assets
$0Long-term assets (5+ years)
$536Average Assets, year-to-date
$113,985Average Assets, quarterly
$3,990Volatile liabilities
$123,265Insider loans
$120,822FHLB advances
$20,005Loans and leases held for sale
$3,506Unused loan commitments
$3,968Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$21,289Total unused commitments
$0Restructured Loans and leases
$1,126Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$8,738Total interest income
$2,541Total interest expense
$6,197Net interest income
$46Provision for loan and lease losses
$225Total noninterest income
$0Fiduciary activities
$122Service charges on deposit accounts
$0Trading account gains & fees
$103Additional noninterest income
$5,433Total noninterest expense
$2,797Salaries and employee benefits
$1,104Premises and equipment expense
$1,532Additional noninterest expense
$943Pre-tax net operating income
$0Securities gains (losses)
$1Applicable income taxes
$942Income before extraordinary items
$0Extraordinary gains - net
$942Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$8Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.79%Yield on earning assets
2.27%Cost of funding earning assets
5.53%Net interest margin
0.20%Noninterest income to earning assets
4.85%Noninterest expense to earning assets
0.76%Net operating income to assets
0.76%Return on assets (ROA)
0.77%Pretax return on assets
5.51%Return on equity (ROE)
5.51%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
575.00%Credit loss provision to net charge-offs
123.63%Efficiency ratio
84,600Assets per employee
3.21%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.43%Loss allowance to noncurrent loans
220.77%Noncurrent assets plus other real estate owned to assets
0.39%Noncurrent loans to loans
0.65%Net loans and leases to deposits
73.05%Net loans and leases to core deposits
89.34%Equity capital to assets
14.20%Core capital (leverage) ratio
11.19%Tier 1 risk-based capital ratio
13.99%Total risk-based capital ratio
Memoranda
$15Average assets
$123,265Average earning assets
$17,108Average equity
$112,118Average loans
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