FDIC Certificate #: 34651 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bank of Stockton (#1536) Federal Reserve ID: 2665515 Date Established: March 09, 1998 WWW:http://www.modcombank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 15750 FDIC's unique #: 61028 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: March 09, 1998 Last Structure Change Effective Date: November 18, 2003 Last Structure Change Process Date: December 17, 2003 Last Data Update: December 17, 2003 Data Source Date: April 05, 2012
Location
Address: 1623 J Street, Modesto, CA 95354 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: $307.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
45Total employees (full-time equivalent)
$282,915Total assets
$23,090Cash and due from depository institutions
$2,184Interest-bearing balances
$17,815Securities
$64,270Federal funds sold & reverse repurchase agreements
$173,321Net loans & leases
$2,637Loan loss allowance
$0Trading account assets
$1,522Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,897All other assets
$282,915Total liabilities and capital
$263,380Total liabilities
$244,297Total deposits
$149,972Interest-bearing deposits
$244,297Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$18,565Other borrowed funds
$0Subordinated debt
$518All other liabilities
$19,535Total equity capital
$19,535Total bank equity capital
$19,535Perpetual preferred stock
$0Common stock
$14,324Surplus
$0Undivided profits
Memoranda
$5,211Noncurrent loans and leases
$79,336Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$337Earning assets
$0Long-term assets (5+ years)
$1,057Average Assets, year-to-date
$257,590Average Assets, quarterly
$73,503Volatile liabilities
$239,447Insider loans
$270,840FHLB advances
$49,393Loans and leases held for sale
$13,611Unused loan commitments
$18,565Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$79,336Total unused commitments
$0Restructured Loans and leases
$2,637Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$12,890Total interest income
$3,398Total interest expense
$9,492Net interest income
$608Provision for loan and lease losses
$637Total noninterest income
$0Fiduciary activities
$385Service charges on deposit accounts
$0Trading account gains & fees
$252Additional noninterest income
$4,412Total noninterest expense
$2,599Salaries and employee benefits
$590Premises and equipment expense
$1,223Additional noninterest expense
$5,109Pre-tax net operating income
$78Securities gains (losses)
$2,103Applicable income taxes
$3,084Income before extraordinary items
$0Extraordinary gains - net
$3,084Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$166Sale, conversion, retirement of capital stock, net
$699Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.85%Yield on earning assets
1.54%Cost of funding earning assets
4.31%Net interest margin
0.29%Noninterest income to earning assets
2.00%Noninterest expense to earning assets
1.27%Net operating income to assets
1.29%Return on assets (ROA)
2.17%Pretax return on assets
17.12%Return on equity (ROE)
13.24%Retained earnings to average equity (YTD only)
-0.10%Net charge-offs to loans
-366.27%Credit loss provision to net charge-offs
0.00%Efficiency ratio
43,558Assets per employee
6.29%Cash dividends to net income (YTD only)
Condition Ratios (%)
22.67%Loss allowance to loans
1.50%Loss allowance to noncurrent loans
782.49%Noncurrent assets plus other real estate owned to assets
0.12%Noncurrent loans to loans
0.19%Net loans and leases to deposits
70.95%Net loans and leases to core deposits
86.33%Equity capital to assets
6.90%Core capital (leverage) ratio
7.28%Tier 1 risk-based capital ratio
8.99%Total risk-based capital ratio
Memoranda
$10Average assets
$239,447Average earning assets
$18,013Average equity
$220,409Average 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 Commerce Bank.
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.
Comment about this bank, ask questions, or add new information about it: