FDIC Certificate #: 35535 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Grandpoint Bank (#58390) Federal Reserve ID: 2961776 Date Established: November 20, 2000 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 81330 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: November 20, 2000 Last Structure Change Effective Date: August 30, 2011 Last Structure Change Process Date: September 28, 2011 Last Data Update: September 28, 2011 Data Source Date: April 05, 2012
Location
Address: 1045 West Katella Avenue, Orange, CA 92867 County: Orange Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Orange Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Orange County, CA (#5945) Consolidated Metropolitan Statistical Area (CMSA): Los Angeles-Riverside-Orange County, CA (#49) Combined Statistical Area (CSA): Los Angeles-Long Beach-Riverside, CA (#348) Core Based Statistical Area (CBSA): Los Angeles-Long Beach-Santa Ana, CA (#31100) CBSA Metro Statistical Area: Los Angeles-Long Beach-Santa Ana, CA (#31100) Core Based Statistical Division: Santa Ana-Anaheim-Irvine, CA (#42044)
Financial Summary
Total assets: $233.9 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2010)
Dollar figures in thousands
50Total employees (full-time equivalent)
$223,630Total assets
$42,572Cash and due from depository institutions
$20,000Interest-bearing balances
$31,517Securities
$0Federal funds sold & reverse repurchase agreements
$142,516Net loans & leases
$3,369Loan loss allowance
$0Trading account assets
$1,047Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$2,935Life insurance assets
$5,978All other assets
$223,630Total liabilities and capital
$201,475Total liabilities
$199,572Total deposits
$173,653Interest-bearing deposits
$199,572Deposits held in domestic offices
75.56%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,903All other liabilities
$22,155Total equity capital
$22,155Total bank equity capital
$22,155Perpetual preferred stock
$0Common stock
$12,592Surplus
$537Undivided profits
Memoranda
$9,026Noncurrent loans and leases
$18,413Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,356Earning assets
$0Long-term assets (5+ years)
$856Average Assets, year-to-date
$194,033Average Assets, quarterly
$71,007Volatile liabilities
$217,424Insider loans
$223,241FHLB advances
$45,394Loans and leases held for sale
$15,778Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$18,413Total unused commitments
$0Restructured Loans and leases
$2,094Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$10,625Total interest income
$1,239Total interest expense
$9,386Net interest income
-$65Provision for loan and lease losses
$1,318Total noninterest income
$0Fiduciary activities
$971Service charges on deposit accounts
$0Trading account gains & fees
$347Additional noninterest income
$9,058Total noninterest expense
$4,407Salaries and employee benefits
$1,077Premises and equipment expense
$3,574Additional noninterest expense
$1,711Pre-tax net operating income
$0Securities gains (losses)
$683Applicable income taxes
$1,028Income before extraordinary items
$0Extraordinary gains - net
$1,028Net income attributable to bank
$0Net charge-offs
$1,028Cash dividends
-$215Sale, conversion, retirement of capital stock, net
$150Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.61%Yield on earning assets
0.65%Cost of funding earning assets
4.95%Net interest margin
0.70%Noninterest income to earning assets
4.78%Noninterest expense to earning assets
0.47%Net operating income to assets
0.47%Return on assets (ROA)
0.79%Pretax return on assets
4.88%Return on equity (ROE)
4.17%Retained earnings to average equity (YTD only)
-0.14%Net charge-offs to loans
30.23%Credit loss provision to net charge-offs
0.00%Efficiency ratio
84,623Assets per employee
4.47%Cash dividends to net income (YTD only)
Condition Ratios (%)
14.59%Loss allowance to loans
2.31%Loss allowance to noncurrent loans
100.39%Noncurrent assets plus other real estate owned to assets
1.50%Noncurrent loans to loans
2.30%Net loans and leases to deposits
71.41%Net loans and leases to core deposits
92.44%Equity capital to assets
9.91%Core capital (leverage) ratio
9.67%Tier 1 risk-based capital ratio
13.33%Total risk-based capital ratio
Memoranda
$15Average assets
$217,424Average earning assets
$21,050Average equity
$189,562Average loans
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