FDIC Certificate #: 24184 Status: Inactive Closing history: Participated in Reorganization Acquiring institution:Bank of the Sierra (#22597) Federal Reserve ID: 487366 Date Established: November 01, 1982 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 4 (Interstate: No) FDIC's unique #: 16838 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: November 01, 1982 Last Structure Change Effective Date: May 20, 2000 Last Structure Change Process Date: June 16, 2000 Last Data Update: June 16, 2000 Data Source Date: April 05, 2012
Location
Address: 224 West F Street, Tehachapi, CA 93561 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)
History of Changes
Merger - Without Assistance
Participated in Reorganization
Financial Summary
Total assets: $90.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
64Total employees (full-time equivalent)
$90,283Total assets
$8,815Cash and due from depository institutions
$2,085Interest-bearing balances
$15,879Securities
$5,630Federal funds sold & reverse repurchase agreements
$52,642Net loans & leases
$277Loan loss allowance
$0Trading account assets
$3,153Bank premises and fixed assets
$447Other real estate owned
$282Goodwill and other intangibles
$0Life insurance assets
$3,435All other assets
$90,283Total liabilities and capital
$85,264Total liabilities
$84,366Total deposits
$61,065Interest-bearing deposits
$84,366Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$898All other liabilities
$5,019Total equity capital
$5,019Total bank equity capital
$5,019Perpetual preferred stock
$0Common stock
$1,328Surplus
$2,917Undivided profits
Memoranda
$774Noncurrent loans and leases
$6,068Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$510Earning assets
$0Long-term assets (5+ years)
$320Average Assets, year-to-date
$76,236Average Assets, quarterly
$34,197Volatile liabilities
$90,853Insider loans
$88,788FHLB advances
$7,478Loans and leases held for sale
$1,269Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,068Total unused commitments
$592Restructured Loans and leases
$277Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$6,265Total interest income
$1,890Total interest expense
$4,375Net interest income
$138Provision for loan and lease losses
$888Total noninterest income
$0Fiduciary activities
$738Service charges on deposit accounts
$0Trading account gains & fees
$150Additional noninterest income
$4,897Total noninterest expense
$2,262Salaries and employee benefits
$695Premises and equipment expense
$1,940Additional noninterest expense
$228Pre-tax net operating income
$98Securities gains (losses)
$1Applicable income taxes
$325Income before extraordinary items
$0Extraordinary gains - net
$325Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$52Sale, conversion, retirement of capital stock, net
$2Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.31%Yield on earning assets
2.51%Cost of funding earning assets
5.80%Net interest margin
1.18%Noninterest income to earning assets
6.50%Noninterest expense to earning assets
0.25%Net operating income to assets
0.36%Return on assets (ROA)
0.36%Pretax return on assets
6.44%Return on equity (ROE)
6.40%Retained earnings to average equity (YTD only)
0.10%Net charge-offs to loans
265.38%Credit loss provision to net charge-offs
7.04%Efficiency ratio
91,754Assets per employee
1.41%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.62%Loss allowance to loans
0.52%Loss allowance to noncurrent loans
54.31%Noncurrent assets plus other real estate owned to assets
1.06%Noncurrent loans to loans
0.96%Net loans and leases to deposits
62.40%Net loans and leases to core deposits
68.47%Equity capital to assets
5.56%Core capital (leverage) ratio
5.48%Tier 1 risk-based capital ratio
9.45%Total risk-based capital ratio
Memoranda
$10Average assets
$90,853Average earning assets
$5,047Average equity
$75,369Average loans
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