Modesto Banking Company in Modesto, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 13, 1997

Modesto Banking Company in Modesto, California (CA)
Show street view No street view available for this location

Modesto Banking Company - Overview

General
FDIC Certificate #: 22805
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: U.S. Bank of California (#1304)
Federal Reserve ID: 193760
Date Established: Febuary 15, 1979
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
FDIC's unique #: 15925
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: Febuary 15, 1979
Last Structure Change Effective Date: March 13, 1997
Last Structure Change Process Date: April 02, 1997
Last Data Update: April 02, 1997
Data Source Date: April 05, 2012
Location
Address: 1120 Eleventh Street, Modesto, CA 95353
County: Stanislaus
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): Modesto, CA (#5170)
Core Based Statistical Area (CBSA): Modesto, CA (#33700)
CBSA Metro Statistical Area: Modesto, CA (#33700)
Financial Summary
Total assets: $203.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$55Total assets
$203,844Cash and due from depository institutions
$11,802Interest-bearing balances
$0Securities
$34,797Federal funds sold & reverse repurchase agreements
$19,060Net loans & leases
$132,586Loan loss allowance
$2,589Trading account assets
$0Bank premises and fixed assets
$1,868Other real estate owned
$569Goodwill and other intangibles
$3,162Life insurance assets
$0All other assets
$0Total liabilities and capital
$203,844Total liabilities
$189,408Total deposits
$186,770Interest-bearing deposits
$135,834Deposits held in domestic offices
186770.00%% insured (estimated)
$71Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$2,425Subordinated debt
$0All other liabilities
$213Total equity capital
$213Total bank equity capital
$14,436Perpetual preferred stock
$0Common stock
$2,105Surplus
$11,537Undivided profits
Memoranda
$794Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,037Income earned, not collected on loans
$856Earning assets
$186,443Long-term assets (5+ years)
$29,479Average Assets, year-to-date
$193,661Average Assets, quarterly
$203,230Volatile liabilities
$32,905Insider loans
$0FHLB advances
$0Loans and leases held for sale
$715Unused loan commitments
$41,609Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$14,245Total risk weighted assets
$143,524Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$8,751Total interest expense
$3,293Net interest income
$5,458Provision for loan and lease losses
$1,985Total noninterest income
$590Fiduciary activities
$0Service charges on deposit accounts
$338Trading account gains & fees
$0Additional noninterest income
$252Total noninterest expense
$3,132Salaries and employee benefits
$1,304Premises and equipment expense
$363Additional noninterest expense
$1,465Pre-tax net operating income
$931Securities gains (losses)
$31Applicable income taxes
$358Income before extraordinary items
$604Extraordinary gains - net
$0Net income attributable to bank
$604Net charge-offs
$2,160Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
4.96%Cost of funding earning assets
1.87%Net interest margin
3.09%Noninterest income to earning assets
0.33%Noninterest expense to earning assets
1.77%Net operating income to assets
0.30%Return on assets (ROA)
0.31%Pretax return on assets
0.50%Return on equity (ROE)
4.40%Retained earnings to average equity (YTD only)
4.40%Net charge-offs to loans
1.68%Credit loss provision to net charge-offs
91.90%Efficiency ratio
51,786Assets per employee
3.71%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.92%Loss allowance to noncurrent loans
127.10%Noncurrent assets plus other real estate owned to assets
1.28%Noncurrent loans to loans
1.51%Net loans and leases to deposits
70.99%Net loans and leases to core deposits
84.83%Equity capital to assets
7.08%Core capital (leverage) ratio
7.24%Tier 1 risk-based capital ratio
9.93%Total risk-based capital ratio
Memoranda
$11Average assets
$193,661Average earning assets
$13,728Average equity
$176,548Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Modesto Banking Company.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.