FDIC Certificate #: 25056 Status: Inactive Closing history: Corrections Acquiring institution:Israel Discount Bank of New York (#19977) Federal Reserve ID: 815763 Date Established: March 01, 1984 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 #: 17342 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: March 01, 1984 Last Structure Change Effective Date: June 02, 2000 Last Structure Change Process Date: June 06, 2000 Last Data Update: June 06, 2000 Data Source Date: April 05, 2012
Location
Address: 1450 North Norma, Ridgecrest, CA 93555 County: Kern Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Los Angeles (North) Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Bakersfield, CA (#680) Core Based Statistical Area (CBSA): Bakersfield-Delano, CA (#12540) CBSA Metro Statistical Area: Bakersfield-Delano, CA (#12540)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $7.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
14Total employees (full-time equivalent)
$8,469Total assets
$994Cash and due from depository institutions
$0Interest-bearing balances
$512Securities
$300Federal funds sold & reverse repurchase agreements
$5,395Net loans & leases
$241Loan loss allowance
$0Trading account assets
$872Bank premises and fixed assets
$261Other real estate owned
$28Goodwill and other intangibles
$0Life insurance assets
$107All other assets
$8,469Total liabilities and capital
$8,287Total liabilities
$8,213Total deposits
$3,636Interest-bearing deposits
$8,213Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$74All other liabilities
$182Total equity capital
$182Total bank equity capital
$182Perpetual preferred stock
$0Common stock
$396Surplus
$3,204Undivided profits
Memoranda
$-3,418Noncurrent loans and leases
$935Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$681Earning assets
$0Long-term assets (5+ years)
$35Average Assets, year-to-date
$6,207Average Assets, quarterly
$510Volatile liabilities
$9,909Insider loans
$8,713FHLB advances
$201Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$935Total unused commitments
$0Restructured Loans and leases
$86Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$778Total interest income
$103Total interest expense
$675Net interest income
$143Provision for loan and lease losses
$254Total noninterest income
$0Fiduciary activities
$186Service charges on deposit accounts
$0Trading account gains & fees
$68Additional noninterest income
$1,463Total noninterest expense
$666Salaries and employee benefits
$231Premises and equipment expense
$566Additional noninterest expense
-$678Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$678Income before extraordinary items
$0Extraordinary gains - net
-$678Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$220Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
10.69%Yield on earning assets
1.42%Cost of funding earning assets
9.28%Net interest margin
3.49%Noninterest income to earning assets
20.11%Noninterest expense to earning assets
-6.84%Net operating income to assets
-6.84%Return on assets (ROA)
-6.84%Pretax return on assets
-369.28%Return on equity (ROE)
-369.28%Retained earnings to average equity (YTD only)
3.46%Net charge-offs to loans
65.00%Credit loss provision to net charge-offs
-2.43%Efficiency ratio
157,481Assets per employee
0.60%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.28%Loss allowance to noncurrent loans
35.39%Noncurrent assets plus other real estate owned to assets
11.12%Noncurrent loans to loans
12.08%Net loans and leases to deposits
65.69%Net loans and leases to core deposits
67.34%Equity capital to assets
2.15%Core capital (leverage) ratio
1.94%Tier 1 risk-based capital ratio
2.71%Total risk-based capital ratio
Memoranda
$4Average assets
$9,909Average earning assets
$184Average equity
$7,276Average loans
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