FDIC Certificate #: 58329 Status: Active Federal Reserve ID: 3471209 Date Established: September 19, 2006 WWW:http://www.newresourcebank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 446207 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: September 19, 2006 Last Structure Change Effective Date: May 14, 2009 Last Structure Change Process Date: May 14, 2009 Last Data Update: May 14, 2009 Data Source Date: April 05, 2012
Location
Address: 405 Howard Street, Suite 110, San Francisco, CA 94105 County: San Francisco Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: San Francisco Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): San Francisco, CA (#7360) Consolidated Metropolitan Statistical Area (CMSA): San Francisco-Oakland-San Jose, CA (#84) Combined Statistical Area (CSA): San Jose-San Francisco-Oakland, CA (#488) Core Based Statistical Area (CBSA): San Francisco-Oakland-Fremont, CA (#41860) CBSA Metro Statistical Area: San Francisco-Oakland-Fremont, CA (#41860) Core Based Statistical Division: San Francisco-San Mateo-Redwood City, CA (#41884)
Financial Summary
Total assets: $170.8 mil Equity capital: $19.4 mil Deposits held in domestic offices: $149.6 mil Return on assets (ROA): -0.44% (-$0.8 mil) Quarterly return on assets: 0.33% ($0.6 mil) Return on Equity (ROE): -3.68% (-$0.7 mil) Quarterly return on equity: 2.86% ($0.5 mil) Net income: -$0.7 mil Quarterly Net income: $0.1 mil Pretax return on assets: -0.44% (-$751.6 mil) Quarterly Pretax return on assets: 0.33% ($563.7 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
32Total employees (full-time equivalent)
$170,822Total assets
$38,948Cash and due from depository institutions
$33,340Interest-bearing balances
$15,081Securities
$0Federal funds sold & reverse repurchase agreements
$112,704Net loans & leases
$2,669Loan loss allowance
$0Trading account assets
$1,466Bank premises and fixed assets
$1,262Other real estate owned
$0Goodwill and other intangibles
$170,822Life insurance assets
$1,361All other assets
$151,390Total liabilities and capital
$149,553Total liabilities
$81,477Total deposits
$149,553Interest-bearing deposits
$89Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,837Subordinated debt
$19,432All other liabilities
$19,432Total equity capital
$19,432Total bank equity capital
$0Perpetual preferred stock
$39,518Common stock
$3,056Surplus
$-23,142Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$6,018Income earned, not collected on loans
$0Earning assets
$439Long-term assets (5+ years)
$161,125Average Assets, year-to-date
$42,563Average Assets, quarterly
$160,601Volatile liabilities
$165,735Insider loans
$131,888FHLB advances
$164,426Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$18,864Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$33,351Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$7,845Total interest income
$243Total interest expense
$7,602Net interest income
$975Provision for loan and lease losses
$679Total noninterest income
$0Fiduciary activities
$339Service charges on deposit accounts
$0Trading account gains & fees
$340Additional noninterest income
$8,018Total noninterest expense
$4,220Salaries and employee benefits
$984Premises and equipment expense
$2,814Additional noninterest expense
-$712Pre-tax net operating income
$0Securities gains (losses)
$1Applicable income taxes
-$713Income before extraordinary items
$0Extraordinary gains - net
-$713Net income attributable to bank
$0Net charge-offs
-$713Cash dividends
$924Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.20%Yield on earning assets
0.16%Cost of funding earning assets
5.04%Net interest margin
0.45%Noninterest income to earning assets
5.31%Noninterest expense to earning assets
-0.44%Net operating income to assets
-0.44%Return on assets (ROA)
-0.44%Pretax return on assets
-3.68%Return on equity (ROE)
-3.68%Retained earnings to average equity (YTD only)
0.84%Net charge-offs to loans
105.52%Credit loss provision to net charge-offs
0.28%Efficiency ratio
96,824Assets per employee
5.34%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.31%Loss allowance to noncurrent loans
44.35%Noncurrent assets plus other real estate owned to assets
4.26%Noncurrent loans to loans
5.22%Net loans and leases to deposits
75.36%Net loans and leases to core deposits
80.83%Equity capital to assets
11.38%Core capital (leverage) ratio
11.47%Tier 1 risk-based capital ratio
14.30%Total risk-based capital ratio
Memoranda
$16Average assets
$160,601Average earning assets
$19,350Average equity
$150,952Average loans
List of branches
1 California Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
446207
New Resource Bank
405 Howard Street, Suite 110, San Francisco, CA 94105
September 19, 2006
Full Service Brick and Mortar
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