FDIC Certificate #: 32226 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:1st Centennial Bank (#33025) Federal Reserve ID: 968678 Date Established: June 19, 1984 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 8021 FDIC's unique #: 45060 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Savings Association Insurance Fund (SAIF) Insured commercial Banks: Yes FDIC Insured: Yes SAIF Insured: Yes State Chartered: Yes Date of Deposit Insurance: June 19, 1984 Last Structure Change Effective Date: May 24, 2002 Last Structure Change Process Date: June 05, 2002 Last Data Update: June 05, 2002 Data Source Date: April 05, 2012
Location
Address: 355 West Grand Avenue, Escondido, CA 92025 County: San Diego 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): San Diego, CA (#7320) Core Based Statistical Area (CBSA): San Diego-Carlsbad-San Marcos, CA (#41740) CBSA Metro Statistical Area: San Diego-Carlsbad-San Marcos, CA (#41740)
Financial Summary
Total assets: $90.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
22Total employees (full-time equivalent)
$82,771Total assets
$5,814Cash and due from depository institutions
$2,314Interest-bearing balances
$18,604Securities
$5,258Federal funds sold & reverse repurchase agreements
$46,925Net loans & leases
$602Loan loss allowance
$0Trading account assets
$215Bank premises and fixed assets
$0Other real estate owned
$4,243Goodwill and other intangibles
$0Life insurance assets
$1,712All other assets
$82,771Total liabilities and capital
$71,771Total liabilities
$69,281Total deposits
$59,532Interest-bearing deposits
$69,281Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$2,490All other liabilities
$11,000Total equity capital
$11,000Total bank equity capital
$11,000Perpetual preferred stock
$0Common stock
$2,593Surplus
$8,078Undivided profits
Memoranda
$329Noncurrent loans and leases
$9,780Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$200Earning assets
$0Long-term assets (5+ years)
$482Average Assets, year-to-date
$73,101Average Assets, quarterly
$20,211Volatile liabilities
$80,441Insider loans
$81,705FHLB advances
$9,362Loans and leases held for sale
$883Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,780Total unused commitments
$309Restructured Loans and leases
$603Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$1,985Total interest income
$535Total interest expense
$1,450Net interest income
$60Provision for loan and lease losses
$171Total noninterest income
$0Fiduciary activities
$63Service charges on deposit accounts
$0Trading account gains & fees
$108Additional noninterest income
$1,077Total noninterest expense
$512Salaries and employee benefits
$172Premises and equipment expense
$393Additional noninterest expense
$484Pre-tax net operating income
$0Securities gains (losses)
$203Applicable income taxes
$281Income before extraordinary items
$0Extraordinary gains - net
$281Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$62Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
2.75%Yield on earning assets
0.74%Cost of funding earning assets
2.01%Net interest margin
0.24%Noninterest income to earning assets
1.49%Noninterest expense to earning assets
0.35%Net operating income to assets
0.35%Return on assets (ROA)
0.60%Pretax return on assets
2.62%Return on equity (ROE)
2.62%Retained earnings to average equity (YTD only)
0.12%Net charge-offs to loans
96.77%Credit loss provision to net charge-offs
8.77%Efficiency ratio
66,132Assets per employee
3.76%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.27%Loss allowance to noncurrent loans
301.00%Noncurrent assets plus other real estate owned to assets
0.24%Noncurrent loans to loans
0.42%Net loans and leases to deposits
67.73%Net loans and leases to core deposits
78.31%Equity capital to assets
13.29%Core capital (leverage) ratio
8.75%Tier 1 risk-based capital ratio
13.94%Total risk-based capital ratio
Memoranda
$15Average assets
$80,441Average earning assets
$10,709Average equity
$72,228Average loans
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