FDIC Certificate #: 26418 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Mission Community Bank (#34462) Federal Reserve ID: 982263 Date Established: August 05, 1985 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 4 (Interstate: No) FDIC's unique #: 33036 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: August 05, 1985 Last Structure Change Effective Date: October 22, 2011 Last Structure Change Process Date: December 05, 2011 Last Data Update: December 05, 2011 Data Source Date: April 05, 2012
Location
Address: 7480 El Camino Real, Atascadero, CA 93422 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: $232.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
81Total employees (full-time equivalent)
$249,577Total assets
$20,767Cash and due from depository institutions
$16,247Interest-bearing balances
$32,542Securities
$0Federal funds sold & reverse repurchase agreements
$176,750Net loans & leases
$10,999Loan loss allowance
$0Trading account assets
$7,735Bank premises and fixed assets
$2,123Other real estate owned
$0Goodwill and other intangibles
$4,566Life insurance assets
$9,660All other assets
$249,577Total liabilities and capital
$237,346Total liabilities
$235,410Total deposits
$167,082Interest-bearing deposits
$235,410Deposits held in domestic offices
95.20%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,936All other liabilities
$12,231Total equity capital
$12,231Total bank equity capital
$12,231Perpetual preferred stock
$0Common stock
$16,936Surplus
$0Undivided profits
Memoranda
$-4,705Noncurrent loans and leases
$29,940Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$23,945Earning assets
$477Long-term assets (5+ years)
$798Average Assets, year-to-date
$225,539Average Assets, quarterly
$27,340Volatile liabilities
$263,174Insider loans
$257,041FHLB advances
$51,195Loans and leases held for sale
$2,420Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$29,940Total unused commitments
$1,061Restructured Loans and leases
$2,402Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$12,584Total interest income
$2,218Total interest expense
$10,366Net interest income
$15,198Provision for loan and lease losses
$1,022Total noninterest income
$0Fiduciary activities
$479Service charges on deposit accounts
$0Trading account gains & fees
$543Additional noninterest income
$10,486Total noninterest expense
$5,176Salaries and employee benefits
$1,219Premises and equipment expense
$4,091Additional noninterest expense
-$14,296Pre-tax net operating income
$588Securities gains (losses)
$562Applicable income taxes
-$14,270Income before extraordinary items
$0Extraordinary gains - net
-$14,270Net income attributable to bank
$0Net charge-offs
-$14,270Cash dividends
$7,585Sale, conversion, retirement of capital stock, net
$74Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.32%Yield on earning assets
0.94%Cost of funding earning assets
4.38%Net interest margin
0.43%Noninterest income to earning assets
4.43%Noninterest expense to earning assets
-5.65%Net operating income to assets
-5.42%Return on assets (ROA)
-5.21%Pretax return on assets
-80.89%Return on equity (ROE)
-81.31%Retained earnings to average equity (YTD only)
3.83%Net charge-offs to loans
200.37%Credit loss provision to net charge-offs
0.12%Efficiency ratio
92,079Assets per employee
3.08%Cash dividends to net income (YTD only)
Condition Ratios (%)
-0.52%Loss allowance to loans
5.86%Loss allowance to noncurrent loans
45.93%Noncurrent assets plus other real estate owned to assets
10.44%Noncurrent loans to loans
12.75%Net loans and leases to deposits
75.08%Net loans and leases to core deposits
95.95%Equity capital to assets
4.90%Core capital (leverage) ratio
4.75%Tier 1 risk-based capital ratio
6.85%Total risk-based capital ratio
Memoranda
$8Average assets
$263,174Average earning assets
$17,640Average equity
$236,668Average loans
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