Los Padres Bank in Solvang, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 20, 2010

  • Los Padres Bank in Solvang, California (CA)
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Los Padres Bank - Overview

  • General
  • FDIC Certificate #: 32165
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Pacific Western Bank (#24045)
    Federal Reserve ID: 428873
    Date Established: January 01, 1982
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 7935
    FDIC's unique #: 44999
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: May 31, 1983
    Last Structure Change Effective Date: August 20, 2010
    Last Structure Change Process Date: August 23, 2010
    Last Data Update: August 23, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 610 Alamo Pintado Road, Solvang, CA 93463
    County: Santa Barbara
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Los Angeles (West)
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Santa Barbara-Santa Maria-Lompoc, CA (#7480)
    Core Based Statistical Area (CBSA): Santa Barbara-Santa Maria-Goleta, CA (#42060)
    CBSA Metro Statistical Area: Santa Barbara-Santa Maria-Goleta, CA (#42060)
  • Financial Summary
  • Total assets: $866.5 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, 2009)

  • Dollar figures in thousands
  • 159Total employees (full-time equivalent)
  • $934,291Total assets
  • $38,655Cash and due from depository institutions
  • $31,918Interest-bearing balances
  • $223,500Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $563,490Net loans & leases
  • $11,713Loan loss allowance
  • $751Trading account assets
  • $11,412Bank premises and fixed assets
  • $28,820Other real estate owned
  • $1,979Goodwill and other intangibles
  • $24,209Life insurance assets
  • $65,684All other assets
  • $934,291Total liabilities and capital
  • $905,609Total liabilities
  • $805,919Total deposits
  • $776,637Interest-bearing deposits
  • $805,919Deposits held in domestic offices
  • 93.45%% insured (estimated)
  • $18,390Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $79,000Other borrowed funds
  • $0Subordinated debt
  • $2,300All other liabilities
  • $28,682Total equity capital
  • $28,682Total bank equity capital
  • $28,682Perpetual preferred stock
  • $0Common stock
  • $2,831Surplus
  • $63,138Undivided profits
  • Memoranda
  • $-37,287Noncurrent loans and leases
  • $63,142Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $18,352Earning assets
  • $0Long-term assets (5+ years)
  • $3,498Average Assets, year-to-date
  • $819,659Average Assets, quarterly
  • $0Volatile liabilities
  • $1,087,348Insider loans
  • $995,047FHLB advances
  • $505,498Loans and leases held for sale
  • $4,498Unused loan commitments
  • $79,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $63,142Total unused commitments
  • $55,950Restructured Loans and leases
  • $9,899Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $53,094Total interest income
  • $21,429Total interest expense
  • $31,665Net interest income
  • $27,581Provision for loan and lease losses
  • -$2,485Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $41Trading account gains & fees
  • -$2,526Additional noninterest income
  • $25,359Total noninterest expense
  • $12,975Salaries and employee benefits
  • $5,245Premises and equipment expense
  • $7,139Additional noninterest expense
  • -$23,760Pre-tax net operating income
  • -$25,446Securities gains (losses)
  • -$5,149Applicable income taxes
  • -$44,057Income before extraordinary items
  • $0Extraordinary gains - net
  • -$44,057Net income attributable to bank
  • $0Net charge-offs
  • -$44,057Cash dividends
  • $21,010Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.48%Yield on earning assets
  • 2.21%Cost of funding earning assets
  • 3.27%Net interest margin
  • -0.26%Noninterest income to earning assets
  • 2.62%Noninterest expense to earning assets
  • -1.95%Net operating income to assets
  • -4.05%Return on assets (ROA)
  • -4.53%Pretax return on assets
  • -82.13%Return on equity (ROE)
  • -82.13%Retained earnings to average equity (YTD only)
  • 2.91%Net charge-offs to loans
  • 131.28%Credit loss provision to net charge-offs
  • 0.18%Efficiency ratio
  • 86,453Assets per employee
  • 5.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.04%Loss allowance to noncurrent loans
  • 63.82%Noncurrent assets plus other real estate owned to assets
  • 5.05%Noncurrent loans to loans
  • 3.19%Net loans and leases to deposits
  • 69.92%Net loans and leases to core deposits
  • 141.65%Equity capital to assets
  • 3.07%Core capital (leverage) ratio
  • 5.13%Tier 1 risk-based capital ratio
  • 5.94%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $1,087,348Average earning assets
  • $53,644Average equity
  • $968,727Average loans

Total Fiduciary and Related Assets (December 31, 2009)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $124,807Managed Assets
  • 1Number of Accounts
  • $103,028Personal trust and agency accounts
  • $76,378Employee benefit-defined contribution accounts
  • $2,493Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $24,157Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 526Number of Accounts
  • $0Personal trust and agency accounts
  • $21,011Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $21,779Other retirement accounts
  • $9,110Corporate trust and agency accounts
  • $2,336Other fiduciary accounts
  • $10,333Fiduciary accounts held in foreign offices

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