FDIC Certificate #: 34783 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:First California Bank (#22819) Federal Reserve ID: 2781750 Date Established: Febuary 24, 1999 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 15051 FDIC's unique #: 61557 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: Febuary 24, 1999 Last Structure Change Effective Date: Febuary 18, 2011 Last Structure Change Process Date: Febuary 22, 2011 Last Data Update: Febuary 22, 2011 Data Source Date: April 05, 2012
Location
Address: 1001 Marsh Street, San Luis Obispo, CA 93401 County: San Luis Obispo Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Los Angeles (West) Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): San Luis Obispo-Atascadero-Paso Robles, CA (#7460) Core Based Statistical Area (CBSA): San Luis Obispo-Paso Robles, CA (#42020) CBSA Metro Statistical Area: San Luis Obispo-Paso Robles, CA (#42020)
Financial Summary
Total assets: $332.6 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2010)
Dollar figures in thousands
26Total employees (full-time equivalent)
$332,596Total assets
$67,122Cash and due from depository institutions
$65,334Interest-bearing balances
$36,500Securities
$0Federal funds sold & reverse repurchase agreements
$199,462Net loans & leases
$5,511Loan loss allowance
$0Trading account assets
$1,632Bank premises and fixed assets
$21,065Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$6,815All other assets
$332,596Total liabilities and capital
$334,453Total liabilities
$272,216Total deposits
$263,808Interest-bearing deposits
$272,216Deposits held in domestic offices
99.19%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$61,000Other borrowed funds
$0Subordinated debt
$1,237All other liabilities
$-1,857Total equity capital
$-1,857Total bank equity capital
$-1,857Perpetual preferred stock
$0Common stock
$6,987Surplus
$7,438Undivided profits
Memoranda
$-16,282Noncurrent loans and leases
$18,846Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$60,462Earning assets
$0Long-term assets (5+ years)
$1,244Average Assets, year-to-date
$301,296Average Assets, quarterly
$0Volatile liabilities
$322,428Insider loans
$315,002FHLB advances
$216,169Loans and leases held for sale
$3,183Unused loan commitments
$61,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$18,846Total unused commitments
$6,914Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$13,832Total interest income
$5,801Total interest expense
$8,031Net interest income
$23,217Provision for loan and lease losses
$90Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$90Additional noninterest income
$11,377Total noninterest expense
$3,790Salaries and employee benefits
$521Premises and equipment expense
$7,066Additional noninterest expense
-$26,473Pre-tax net operating income
$0Securities gains (losses)
$1,078Applicable income taxes
-$27,551Income before extraordinary items
$0Extraordinary gains - net
-$27,551Net income attributable to bank
$0Net charge-offs
-$27,551Cash dividends
$24,707Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.71%Yield on earning assets
1.97%Cost of funding earning assets
2.73%Net interest margin
0.03%Noninterest income to earning assets
3.87%Noninterest expense to earning assets
-8.54%Net operating income to assets
-8.54%Return on assets (ROA)
-8.21%Pretax return on assets
-171.54%Return on equity (ROE)
-171.54%Retained earnings to average equity (YTD only)
10.35%Net charge-offs to loans
93.97%Credit loss provision to net charge-offs
-0.13%Efficiency ratio
140,094Assets per employee
12.79%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.69%Loss allowance to noncurrent loans
9.11%Noncurrent assets plus other real estate owned to assets
24.51%Noncurrent loans to loans
29.50%Net loans and leases to deposits
73.27%Net loans and leases to core deposits
170.41%Equity capital to assets
-0.56%Core capital (leverage) ratio
-0.56%Tier 1 risk-based capital ratio
-0.85%Total risk-based capital ratio
Memoranda
-$1Average assets
$322,428Average earning assets
$16,061Average equity
$293,874Average loans
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