FDIC Certificate #: 23266 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Citizens Business Bank (#21716) Federal Reserve ID: 91969 Date Established: December 01, 1980 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 5 (Interstate: No) FDIC's unique #: 16303 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: December 01, 1980 Last Structure Change Effective Date: October 16, 2009 Last Structure Change Process Date: October 20, 2009 Last Data Update: October 20, 2009 Data Source Date: April 05, 2012
Location
Address: 1301 17th Street, Bakersfield, CA 93301 County: Kern Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Los Angeles (North) Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Bakersfield, CA (#680) Core Based Statistical Area (CBSA): Bakersfield-Delano, CA (#12540) CBSA Metro Statistical Area: Bakersfield-Delano, CA (#12540)
Financial Summary
Total assets: $766.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
140Total employees (full-time equivalent)
$934,846Total assets
$32,176Cash and due from depository institutions
$569Interest-bearing balances
$95,512Securities
$520Federal funds sold & reverse repurchase agreements
$757,461Net loans & leases
$15,537Loan loss allowance
$0Trading account assets
$13,345Bank premises and fixed assets
$513Other real estate owned
$0Goodwill and other intangibles
$11,486Life insurance assets
$35,319All other assets
$934,846Total liabilities and capital
$868,315Total liabilities
$768,073Total deposits
$595,142Interest-bearing deposits
$768,073Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$49,166Other borrowed funds
$6,000Subordinated debt
$45,076All other liabilities
$66,531Total equity capital
$66,531Total bank equity capital
$66,531Perpetual preferred stock
$0Common stock
$10,259Surplus
$10,440Undivided profits
Memoranda
$45,832Noncurrent loans and leases
$171,961Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$44,531Earning assets
$0Long-term assets (5+ years)
$5,145Average Assets, year-to-date
$854,062Average Assets, quarterly
$320,050Volatile liabilities
$895,078Insider loans
$910,565FHLB advances
$153,995Loans and leases held for sale
$10,553Unused loan commitments
$48,400Tier 1 (core) risk-based capital
$194,560Tier 2 risk-based capital
$0Total risk weighted assets
$171,961Total unused commitments
$1,610Restructured Loans and leases
$16,468Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$51,490Total interest income
$17,597Total interest expense
$33,893Net interest income
$16,644Provision for loan and lease losses
$3,465Total noninterest income
$0Fiduciary activities
$1,167Service charges on deposit accounts
$0Trading account gains & fees
$2,298Additional noninterest income
$17,251Total noninterest expense
$10,222Salaries and employee benefits
$2,308Premises and equipment expense
$4,721Additional noninterest expense
$3,463Pre-tax net operating income
$0Securities gains (losses)
$597Applicable income taxes
$2,866Income before extraordinary items
$0Extraordinary gains - net
$2,866Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$10,375Sale, conversion, retirement of capital stock, net
$1,200Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.26%Yield on earning assets
2.14%Cost of funding earning assets
4.12%Net interest margin
0.42%Noninterest income to earning assets
2.10%Noninterest expense to earning assets
0.32%Net operating income to assets
0.32%Return on assets (ROA)
0.39%Pretax return on assets
4.28%Return on equity (ROE)
2.49%Retained earnings to average equity (YTD only)
1.41%Net charge-offs to loans
160.42%Credit loss provision to net charge-offs
1.94%Efficiency ratio
46,178Assets per employee
6.68%Cash dividends to net income (YTD only)
Condition Ratios (%)
41.87%Loss allowance to loans
2.01%Loss allowance to noncurrent loans
34.89%Noncurrent assets plus other real estate owned to assets
4.76%Noncurrent loans to loans
5.76%Net loans and leases to deposits
98.62%Net loans and leases to core deposits
114.34%Equity capital to assets
7.12%Core capital (leverage) ratio
7.61%Tier 1 risk-based capital ratio
8.19%Total risk-based capital ratio
Memoranda
$10Average assets
$895,078Average earning assets
$66,926Average equity
$823,138Average loans
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