FDIC Certificate #: 23323 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bank of the West (#3514) Federal Reserve ID: 126263 Date Established: January 20, 1981 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 20 (Interstate: No) OTS Docket #: 16009 FDIC's unique #: 16345 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes Oakar Institutions: Yes State Chartered: Yes Date of Deposit Insurance: January 20, 1981 Last Structure Change Effective Date: July 01, 1999 Last Structure Change Process Date: July 07, 1999 Last Data Update: July 07, 1999 Data Source Date: April 05, 2012
Location
Address: 10181 Truckee, Tahoe Airport Road, Truckee, CA 96161 County: Nevada Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Sacramento Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Combined Statistical Area (CSA): Sacramento-Arden-Arcade-Yuba City, CA-NV (#472) Core Based Statistical Area (CBSA): Truckee-Grass Valley, CA (#46020) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $909.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
323Total employees (full-time equivalent)
$880,568Total assets
$54,933Cash and due from depository institutions
$3,815Interest-bearing balances
$133,982Securities
$14,400Federal funds sold & reverse repurchase agreements
$616,274Net loans & leases
$8,709Loan loss allowance
$0Trading account assets
$16,377Bank premises and fixed assets
$1,059Other real estate owned
$3,973Goodwill and other intangibles
$0Life insurance assets
$39,570All other assets
$880,568Total liabilities and capital
$810,733Total liabilities
$792,542Total deposits
$613,080Interest-bearing deposits
$792,542Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,410Other borrowed funds
$0Subordinated debt
$13,781All other liabilities
$69,835Total equity capital
$69,835Total bank equity capital
$69,835Perpetual preferred stock
$0Common stock
$25,600Surplus
$4,111Undivided profits
Memoranda
$40,124Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$11,852Earning assets
$3,797Long-term assets (5+ years)
$3,746Average Assets, year-to-date
$768,471Average Assets, quarterly
$136,847Volatile liabilities
$842,257Insider loans
$873,275FHLB advances
$160,310Loans and leases held for sale
$1,502Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$107,636Total risk weighted assets
$222,151Total unused commitments
$0Restructured Loans and leases
$684,934Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$64,922Total interest income
$25,774Total interest expense
$39,148Net interest income
$2,370Provision for loan and lease losses
$13,693Total noninterest income
$0Fiduciary activities
$3,307Service charges on deposit accounts
$0Trading account gains & fees
$10,386Additional noninterest income
$37,033Total noninterest expense
$20,571Salaries and employee benefits
$5,506Premises and equipment expense
$10,956Additional noninterest expense
$13,438Pre-tax net operating income
$326Securities gains (losses)
$5,852Applicable income taxes
$7,912Income before extraordinary items
$0Extraordinary gains - net
$7,912Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,552Sale, conversion, retirement of capital stock, net
$2,014Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.88%Yield on earning assets
3.52%Cost of funding earning assets
5.35%Net interest margin
1.87%Noninterest income to earning assets
5.06%Noninterest expense to earning assets
0.91%Net operating income to assets
0.94%Return on assets (ROA)
1.63%Pretax return on assets
11.86%Return on equity (ROE)
8.84%Retained earnings to average equity (YTD only)
0.27%Net charge-offs to loans
152.71%Credit loss provision to net charge-offs
10.19%Efficiency ratio
69,601Assets per employee
2.73%Cash dividends to net income (YTD only)
Condition Ratios (%)
25.46%Loss allowance to loans
1.39%Loss allowance to noncurrent loans
73.48%Noncurrent assets plus other real estate owned to assets
1.47%Noncurrent loans to loans
1.90%Net loans and leases to deposits
77.76%Net loans and leases to core deposits
97.41%Equity capital to assets
7.93%Core capital (leverage) ratio
7.78%Tier 1 risk-based capital ratio
9.87%Total risk-based capital ratio
Memoranda
$11Average assets
$842,257Average earning assets
$66,705Average equity
$731,180Average loans
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