FDIC Certificate #: 25911 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Sterling Savings Bank (#32158) Federal Reserve ID: 420868 Date Established: January 25, 1985 WWW:http://www.snbank.com Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 13 (Interstate: No) OTS Docket #: 14688 FDIC's unique #: 32168 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: January 25, 1985 Last Structure Change Effective Date: Febuary 28, 2007 Last Structure Change Process Date: March 06, 2007 Last Data Update: March 06, 2007 Data Source Date: April 05, 2012
Location
Address: 801 Fourth Street, Santa Rosa, CA 95404 County: Sonoma Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: San Francisco Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Santa Rosa, CA (#7500) Consolidated Metropolitan Statistical Area (CMSA): San Francisco-Oakland-San Jose, CA (#84) Combined Statistical Area (CSA): San Jose-San Francisco-Oakland, CA (#488) Core Based Statistical Area (CBSA): Santa Rosa-Petaluma, CA (#42220) CBSA Metro Statistical Area: Santa Rosa-Petaluma, CA (#42220)
Financial Summary
Total assets: $1,361.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
172Total employees (full-time equivalent)
$1,361,911Total assets
$23,509Cash and due from depository institutions
$8,465Interest-bearing balances
$993Securities
$91,843Federal funds sold & reverse repurchase agreements
$1,208,738Net loans & leases
$12,499Loan loss allowance
$0Trading account assets
$2,655Bank premises and fixed assets
$0Other real estate owned
$2,863Goodwill and other intangibles
$2,873Life insurance assets
$31,310All other assets
$1,361,911Total liabilities and capital
$1,245,962Total liabilities
$989,793Total deposits
$950,167Interest-bearing deposits
$989,793Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$249,340Other borrowed funds
$0Subordinated debt
$6,829All other liabilities
$115,949Total equity capital
$115,949Total bank equity capital
$115,949Perpetual preferred stock
$0Common stock
$1,550Surplus
$4,687Undivided profits
Memoranda
$109,712Noncurrent loans and leases
$90,626Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,315Earning assets
$1,787Long-term assets (5+ years)
$7,104Average Assets, year-to-date
$1,310,039Average Assets, quarterly
$428,298Volatile liabilities
$1,315,354Insider loans
$1,363,603FHLB advances
$547,443Loans and leases held for sale
$19,602Unused loan commitments
$249,340Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$90,626Total unused commitments
$0Restructured Loans and leases
$12,768Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$94,950Total interest income
$46,893Total interest expense
$48,057Net interest income
$1,750Provision for loan and lease losses
$4,784Total noninterest income
$0Fiduciary activities
$545Service charges on deposit accounts
$0Trading account gains & fees
$4,239Additional noninterest income
$19,872Total noninterest expense
$12,542Salaries and employee benefits
$3,276Premises and equipment expense
$4,054Additional noninterest expense
$31,219Pre-tax net operating income
$0Securities gains (losses)
$12,456Applicable income taxes
$18,763Income before extraordinary items
$0Extraordinary gains - net
$18,763Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.52%Yield on earning assets
3.71%Cost of funding earning assets
3.81%Net interest margin
0.38%Noninterest income to earning assets
1.57%Noninterest expense to earning assets
1.43%Net operating income to assets
1.43%Return on assets (ROA)
2.37%Pretax return on assets
17.71%Return on equity (ROE)
17.71%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
37,607Assets per employee
7.92%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.02%Loss allowance to noncurrent loans
539.91%Noncurrent assets plus other real estate owned to assets
0.17%Noncurrent loans to loans
0.19%Net loans and leases to deposits
122.12%Net loans and leases to core deposits
184.02%Equity capital to assets
8.51%Core capital (leverage) ratio
8.50%Tier 1 risk-based capital ratio
10.13%Total risk-based capital ratio
Memoranda
$11Average assets
$1,315,354Average earning assets
$105,962Average equity
$1,262,749Average loans
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