FDIC Certificate #: 30006 Status: Inactive Closing history: Corrections Acquiring institution:U.S. Bank National Association (#6548) Federal Reserve ID: 976477 Date Established: January 01, 1887 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 17 (Interstate: No) OTS Docket #: 4532 FDIC's unique #: 42840 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: December 12, 1940 Last Structure Change Effective Date: October 30, 2009 Last Structure Change Process Date: November 03, 2009 Last Data Update: November 03, 2009 Data Source Date: April 05, 2012
Location
Address: 300 Montomery Street, San Francisco, CA 94104 County: San Francisco Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: Chicago 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)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $2,319.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
199Total employees (full-time equivalent)
$1,887,198Total assets
$8,402Cash and due from depository institutions
$18Interest-bearing balances
$89,411Securities
$0Federal funds sold & reverse repurchase agreements
$1,559,012Net loans & leases
$24,032Loan loss allowance
$0Trading account assets
$23,769Bank premises and fixed assets
$2,484Other real estate owned
$55,696Goodwill and other intangibles
$25,579Life insurance assets
$148,424All other assets
$1,887,197Total liabilities and capital
$1,707,843Total liabilities
$1,309,855Total deposits
$1,288,683Interest-bearing deposits
$1,309,855Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$379,260Other borrowed funds
$0Subordinated debt
$18,728All other liabilities
$179,354Total equity capital
$179,354Total bank equity capital
$179,354Perpetual preferred stock
$0Common stock
$0Surplus
$227,775Undivided profits
Memoranda
$-48,421Noncurrent loans and leases
$1,261,619Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$32,479Earning assets
$0Long-term assets (5+ years)
$8,504Average Assets, year-to-date
$1,648,441Average Assets, quarterly
$178,207Volatile liabilities
$1,795,590Insider loans
$1,949,247FHLB advances
$971,432Loans and leases held for sale
$0Unused loan commitments
$379,260Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,327Total risk weighted assets
$1,261,619Total unused commitments
$1,014Restructured Loans and leases
$24,777Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$111,358Total interest income
$48,779Total interest expense
$62,579Net interest income
$17,100Provision for loan and lease losses
-$3,225Total noninterest income
$0Fiduciary activities
$303Service charges on deposit accounts
$2,327Trading account gains & fees
-$5,855Additional noninterest income
$38,105Total noninterest expense
$22,799Salaries and employee benefits
$6,265Premises and equipment expense
$9,041Additional noninterest expense
$4,149Pre-tax net operating income
-$92,457Securities gains (losses)
-$37,250Applicable income taxes
-$51,058Income before extraordinary items
$0Extraordinary gains - net
-$51,058Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$3,418Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.00%Yield on earning assets
3.07%Cost of funding earning assets
3.93%Net interest margin
-0.20%Noninterest income to earning assets
2.39%Noninterest expense to earning assets
0.45%Net operating income to assets
-2.84%Return on assets (ROA)
-4.92%Pretax return on assets
-25.27%Return on equity (ROE)
-25.27%Retained earnings to average equity (YTD only)
0.23%Net charge-offs to loans
500.29%Credit loss provision to net charge-offs
6.22%Efficiency ratio
64,200Assets per employee
9.48%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.52%Loss allowance to noncurrent loans
73.99%Noncurrent assets plus other real estate owned to assets
2.47%Noncurrent loans to loans
2.05%Net loans and leases to deposits
119.02%Net loans and leases to core deposits
217.23%Equity capital to assets
9.50%Core capital (leverage) ratio
6.75%Tier 1 risk-based capital ratio
6.76%Total risk-based capital ratio
Memoranda
$8Average assets
$1,795,590Average earning assets
$202,063Average equity
$1,591,091Average loans
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