Monument National Bank in Ridgecrest, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 02, 2000

  • Monument National Bank in Ridgecrest, California (CA)
  • Show street view No street view available for this location

Monument National Bank - Overview

  • General
  • 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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