Redwood Capital Bank in Eureka, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Redwood Capital Bank in Eureka, California (CA)
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Redwood Capital Bank routing number info

Redwood Capital Bank - Overview

  • General
  • FDIC Certificate #: 57610
    Status: Active
    Federal Reserve ID: 3247589
    Bank Holding Company (Regulatory Top Holder): Redwood Capital Bancorp (RSSDID: 3552032, Location: Eureka, CA)
    Date Established: March 01, 2004
    WWW: http://www.rdwo.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 418420
    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: March 01, 2004
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 402 G Street, Eureka, CA 95501
    County: Humboldt
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Sacramento
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Eureka-Arcata-Fortuna, CA (#21700)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $241.5 mil
    Equity capital: $23.4 mil
    Deposits held in domestic offices: $216.9 mil
    Return on assets (ROA): 0.78% ($1.9 mil)
    Quarterly return on assets: 1.01% ($2.4 mil)
    Return on Equity (ROE): 8.91% ($2.0 mil)
    Quarterly return on equity: 10.50% ($2.4 mil)
    Net income: $1.8 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.22% ($2,946.3 mil)
    Quarterly Pretax return on assets: 1.33% ($3,212.0 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
  • 44Total employees (full-time equivalent)
  • $241,502Total assets
  • $26,948Cash and due from depository institutions
  • $8,979Interest-bearing balances
  • $21,177Securities
  • $37,755Federal funds sold & reverse repurchase agreements
  • $144,390Net loans & leases
  • $3,022Loan loss allowance
  • $0Trading account assets
  • $4,132Bank premises and fixed assets
  • $523Other real estate owned
  • $238Goodwill and other intangibles
  • $241,502Life insurance assets
  • $6,339All other assets
  • $218,112Total liabilities and capital
  • $216,891Total liabilities
  • $180,203Total deposits
  • $216,891Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,221Subordinated debt
  • $23,390All other liabilities
  • $23,390Total equity capital
  • $23,390Total bank equity capital
  • $0Perpetual preferred stock
  • $11,166Common stock
  • $7,745Surplus
  • $4,479Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $848Income earned, not collected on loans
  • $0Earning assets
  • $689Long-term assets (5+ years)
  • $212,301Average Assets, year-to-date
  • $47,700Average Assets, quarterly
  • $228,398Volatile liabilities
  • $240,780Insider loans
  • $152,214FHLB advances
  • $241,647Loans and leases held for sale
  • $2,598Unused loan commitments
  • $2,598Tier 1 (core) risk-based capital
  • $23,000Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $37,398Restructured Loans and leases
  • $8,358Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,506Total interest income
  • $1,637Total interest expense
  • $7,869Net interest income
  • $300Provision for loan and lease losses
  • $1,058Total noninterest income
  • $0Fiduciary activities
  • $231Service charges on deposit accounts
  • $0Trading account gains & fees
  • $827Additional noninterest income
  • $5,834Total noninterest expense
  • $3,188Salaries and employee benefits
  • $540Premises and equipment expense
  • $2,106Additional noninterest expense
  • $2,793Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,019Applicable income taxes
  • $1,774Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,774Net income attributable to bank
  • $0Net charge-offs
  • $1,774Cash dividends
  • $46Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.71%Yield on earning assets
  • 0.81%Cost of funding earning assets
  • 3.90%Net interest margin
  • 0.52%Noninterest income to earning assets
  • 2.89%Noninterest expense to earning assets
  • 0.78%Net operating income to assets
  • 0.78%Return on assets (ROA)
  • 1.22%Pretax return on assets
  • 8.91%Return on equity (ROE)
  • 8.91%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 652.17%Credit loss provision to net charge-offs
  • 67.24%Efficiency ratio
  • 65,352Assets per employee
  • 5.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.05%Loss allowance to noncurrent loans
  • 356.37%Noncurrent assets plus other real estate owned to assets
  • 0.57%Noncurrent loans to loans
  • 0.58%Net loans and leases to deposits
  • 66.57%Net loans and leases to core deposits
  • 81.46%Equity capital to assets
  • 9.69%Core capital (leverage) ratio
  • 9.52%Tier 1 risk-based capital ratio
  • 15.11%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $228,398Average earning assets
  • $19,919Average equity
  • $201,981Average loans

List of branches

  • 2 California Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    0418420Redwood Capital Bank402 G Street, Eureka, CA 95501March 01, 2004Full Service Brick and Mortar
    1467771Fortuna Branch1075 South Fortuna Boulevard, Fortuna, CA 95540August 06, 2007Limited Service Mobile

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