FDIC Certificate #: 24888 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:U.S. Bank National Association (#5134) Federal Reserve ID: 868769 Date Established: January 16, 1984 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 17 (Interstate: No) FDIC's unique #: 17254 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 16, 1984 Last Structure Change Effective Date: October 13, 2000 Last Structure Change Process Date: November 13, 2000 Last Data Update: November 13, 2000 Data Source Date: April 05, 2012
Location
Address: 7733 Girard Avenue, La Jolla, CA 92037 County: San Diego Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco 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)
Financial Summary
Total assets: $685.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
275Total employees (full-time equivalent)
$631,013Total assets
$25,715Cash and due from depository institutions
$789Interest-bearing balances
$165,076Securities
$29,670Federal funds sold & reverse repurchase agreements
$391,964Net loans & leases
$5,412Loan loss allowance
$0Trading account assets
$6,012Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$12,576All other assets
$631,013Total liabilities and capital
$586,219Total liabilities
$582,385Total deposits
$398,370Interest-bearing deposits
$582,385Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$811Other borrowed funds
$0Subordinated debt
$3,023All other liabilities
$44,794Total equity capital
$44,794Total bank equity capital
$44,794Perpetual preferred stock
$0Common stock
$34,582Surplus
$0Undivided profits
Memoranda
$10,212Noncurrent loans and leases
$193,604Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,321Earning assets
$2,529Long-term assets (5+ years)
$2,308Average Assets, year-to-date
$587,499Average Assets, quarterly
$126,447Volatile liabilities
$592,252Insider loans
$610,514FHLB advances
$70,000Loans and leases held for sale
$119Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$193,604Total unused commitments
$808Restructured Loans and leases
$5,413Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$46,271Total interest income
$13,432Total interest expense
$32,839Net interest income
$7,230Provision for loan and lease losses
$5,624Total noninterest income
$2,528Fiduciary activities
$1,955Service charges on deposit accounts
$0Trading account gains & fees
$1,141Additional noninterest income
$23,791Total noninterest expense
$13,460Salaries and employee benefits
$4,172Premises and equipment expense
$6,159Additional noninterest expense
$7,442Pre-tax net operating income
$0Securities gains (losses)
$2,854Applicable income taxes
$4,588Income before extraordinary items
$0Extraordinary gains - net
$4,588Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$6,584Sale, conversion, retirement of capital stock, net
$1,370Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.40%Yield on earning assets
2.44%Cost of funding earning assets
5.96%Net interest margin
1.02%Noninterest income to earning assets
4.32%Noninterest expense to earning assets
0.77%Net operating income to assets
0.77%Return on assets (ROA)
1.26%Pretax return on assets
10.18%Return on equity (ROE)
7.14%Retained earnings to average equity (YTD only)
1.78%Net charge-offs to loans
109.81%Credit loss provision to net charge-offs
2.23%Efficiency ratio
61,854Assets per employee
2.29%Cash dividends to net income (YTD only)
Condition Ratios (%)
29.86%Loss allowance to loans
1.36%Loss allowance to noncurrent loans
125.25%Noncurrent assets plus other real estate owned to assets
0.68%Noncurrent loans to loans
1.09%Net loans and leases to deposits
67.30%Net loans and leases to core deposits
76.50%Equity capital to assets
7.10%Core capital (leverage) ratio
7.42%Tier 1 risk-based capital ratio
10.07%Total risk-based capital ratio
Memoranda
$11Average assets
$592,252Average earning assets
$45,069Average equity
$550,846Average loans
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