FDIC Certificate #: 57914 Status: Inactive Closing history: Corrections Acquiring institution:Sunwest Bank (#20164) Federal Reserve ID: 3338843 Date Established: May 16, 2005 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 #: 430468 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: May 16, 2005 Last Structure Change Effective Date: November 13, 2009 Last Structure Change Process Date: November 17, 2009 Last Data Update: November 17, 2009 Data Source Date: April 05, 2012
Location
Address: 905 Calle Amanecer, Suite 100, San Clemente, CA 92673 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)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $131.4 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2008)
Dollar figures in thousands
37Total employees (full-time equivalent)
$142,883Total assets
$12,835Cash and due from depository institutions
$225Interest-bearing balances
$0Securities
$0Federal funds sold & reverse repurchase agreements
$128,331Net loans & leases
$6,550Loan loss allowance
$0Trading account assets
$550Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,167All other assets
$142,883Total liabilities and capital
$137,640Total liabilities
$137,192Total deposits
$106,451Interest-bearing deposits
$137,192Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$448All other liabilities
$5,243Total equity capital
$5,243Total bank equity capital
$5,243Perpetual preferred stock
$0Common stock
$2,090Surplus
$21,274Undivided profits
Memoranda
$-18,121Noncurrent loans and leases
$30,987Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$7,916Earning assets
$0Long-term assets (5+ years)
$497Average Assets, year-to-date
$128,556Average Assets, quarterly
$20,777Volatile liabilities
$129,633Insider loans
$140,478FHLB advances
$5,596Loans and leases held for sale
$2,124Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$30,987Total unused commitments
$0Restructured Loans and leases
$1,802Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$8,229Total interest income
$3,019Total interest expense
$5,210Net interest income
$7,937Provision for loan and lease losses
$1,064Total noninterest income
$0Fiduciary activities
$71Service charges on deposit accounts
$0Trading account gains & fees
$993Additional noninterest income
$6,883Total noninterest expense
$3,965Salaries and employee benefits
$954Premises and equipment expense
$1,964Additional noninterest expense
-$8,546Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$8,546Income before extraordinary items
$0Extraordinary gains - net
-$8,546Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$3,202Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.74%Yield on earning assets
2.47%Cost of funding earning assets
4.27%Net interest margin
0.87%Noninterest income to earning assets
5.64%Noninterest expense to earning assets
-6.59%Net operating income to assets
-6.59%Return on assets (ROA)
-6.59%Pretax return on assets
-81.82%Return on equity (ROE)
-81.82%Retained earnings to average equity (YTD only)
2.72%Net charge-offs to loans
247.88%Credit loss provision to net charge-offs
-0.19%Efficiency ratio
109,707Assets per employee
3.86%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.86%Loss allowance to noncurrent loans
82.74%Noncurrent assets plus other real estate owned to assets
5.54%Noncurrent loans to loans
5.87%Net loans and leases to deposits
93.54%Net loans and leases to core deposits
97.52%Equity capital to assets
3.67%Core capital (leverage) ratio
3.59%Tier 1 risk-based capital ratio
3.76%Total risk-based capital ratio
Memoranda
$5Average assets
$129,633Average earning assets
$10,445Average equity
$122,054Average loans
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