FDIC Certificate #: 23594 Status: Inactive Closing history: Corrections Acquiring institution:U.S. Bank National Association (#6548) Federal Reserve ID: 127260 Date Established: November 12, 1981 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 29 (Interstate: No) OTS Docket #: 16039 FDIC's unique #: 16526 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: November 12, 1981 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: 1420 Kettner Boulevard, San Diego, CA 92101 County: San Diego Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: Chicago 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)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $3,594.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
416Total employees (full-time equivalent)
$3,036,766Total assets
$45,512Cash and due from depository institutions
$2,527Interest-bearing balances
$169,360Securities
$82Federal funds sold & reverse repurchase agreements
$2,586,094Net loans & leases
$35,708Loan loss allowance
$0Trading account assets
$30,004Bank premises and fixed assets
$19,442Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$186,272All other assets
$3,036,766Total liabilities and capital
$2,871,017Total liabilities
$2,255,902Total deposits
$2,015,108Interest-bearing deposits
$2,255,902Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$602,900Other borrowed funds
$0Subordinated debt
$12,215All other liabilities
$165,749Total equity capital
$165,749Total bank equity capital
$165,749Perpetual preferred stock
$0Common stock
$4,548Surplus
$84,606Undivided profits
Memoranda
$76,595Noncurrent loans and leases
$1,147,598Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$6,712Earning assets
$0Long-term assets (5+ years)
$12,884Average Assets, year-to-date
$2,758,063Average Assets, quarterly
$565,065Volatile liabilities
$2,842,470Insider loans
$3,033,799FHLB advances
$1,423,151Loans and leases held for sale
$27,798Unused loan commitments
$602,900Tier 1 (core) risk-based capital
$3,239Tier 2 risk-based capital
$2,423Total risk weighted assets
$1,147,598Total unused commitments
$0Restructured Loans and leases
$37,108Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$180,694Total interest income
$73,033Total interest expense
$107,661Net interest income
$24,000Provision for loan and lease losses
$4,314Total noninterest income
$0Fiduciary activities
$1,698Service charges on deposit accounts
$5,165Trading account gains & fees
-$2,549Additional noninterest income
$65,112Total noninterest expense
$33,648Salaries and employee benefits
$11,073Premises and equipment expense
$20,391Additional noninterest expense
$22,863Pre-tax net operating income
-$189,007Securities gains (losses)
-$68,499Applicable income taxes
-$97,645Income before extraordinary items
$0Extraordinary gains - net
-$97,645Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,366Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.90%Yield on earning assets
2.79%Cost of funding earning assets
4.11%Net interest margin
0.16%Noninterest income to earning assets
2.49%Noninterest expense to earning assets
0.82%Net operating income to assets
-3.44%Return on assets (ROA)
-5.85%Pretax return on assets
-42.95%Return on equity (ROE)
-42.95%Retained earnings to average equity (YTD only)
0.06%Net charge-offs to loans
1756.95%Credit loss provision to net charge-offs
34.31%Efficiency ratio
58,149Assets per employee
7.30%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.36%Loss allowance to noncurrent loans
532.00%Noncurrent assets plus other real estate owned to assets
1.34%Noncurrent loans to loans
0.26%Net loans and leases to deposits
114.64%Net loans and leases to core deposits
180.13%Equity capital to assets
5.46%Core capital (leverage) ratio
5.70%Tier 1 risk-based capital ratio
5.68%Total risk-based capital ratio
Memoranda
$7Average assets
$2,842,470Average earning assets
$227,348Average equity
$2,618,905Average loans
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