FDIC Certificate #: 27259 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Westamerica Bank (#3430) Federal Reserve ID: 1191446 Date Established: June 03, 1988 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 13168 FDIC's unique #: 39356 Numeric code: 21 Regulator: FDIC 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: June 03, 1988 Last Structure Change Effective Date: August 20, 2010 Last Structure Change Process Date: August 24, 2010 Last Data Update: August 24, 2010 Data Source Date: April 05, 2012
Location
Address: 202 West Napa Street, Sonoma, CA 95476 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: $337.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
53Total employees (full-time equivalent)
$357,254Total assets
$33,649Cash and due from depository institutions
$28,940Interest-bearing balances
$33,350Securities
$0Federal funds sold & reverse repurchase agreements
$258,172Net loans & leases
$13,066Loan loss allowance
$0Trading account assets
$592Bank premises and fixed assets
$3,852Other real estate owned
$0Goodwill and other intangibles
$11,161Life insurance assets
$27,638All other assets
$357,253Total liabilities and capital
$338,591Total liabilities
$291,727Total deposits
$239,806Interest-bearing deposits
$291,727Deposits held in domestic offices
86.98%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$40,000Other borrowed funds
$0Subordinated debt
$6,864All other liabilities
$18,662Total equity capital
$18,662Total bank equity capital
$18,662Perpetual preferred stock
$0Common stock
$17,385Surplus
$0Undivided profits
Memoranda
$1,277Noncurrent loans and leases
$38,578Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$22,196Earning assets
$0Long-term assets (5+ years)
$1,605Average Assets, year-to-date
$320,462Average Assets, quarterly
$39,713Volatile liabilities
$337,520Insider loans
$346,164FHLB advances
$85,832Loans and leases held for sale
$2,780Unused loan commitments
$40,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$38,578Total unused commitments
$5,700Restructured Loans and leases
$3,762Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$18,177Total interest income
$3,883Total interest expense
$14,294Net interest income
$31,130Provision for loan and lease losses
$2,029Total noninterest income
$0Fiduciary activities
$1,304Service charges on deposit accounts
$0Trading account gains & fees
$725Additional noninterest income
$8,914Total noninterest expense
$4,139Salaries and employee benefits
$979Premises and equipment expense
$3,796Additional noninterest expense
-$23,721Pre-tax net operating income
$0Securities gains (losses)
-$4,481Applicable income taxes
-$19,240Income before extraordinary items
$0Extraordinary gains - net
-$19,240Net income attributable to bank
$0Net charge-offs
-$19,240Cash dividends
$23,096Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.91%Yield on earning assets
1.26%Cost of funding earning assets
4.64%Net interest margin
0.66%Noninterest income to earning assets
2.90%Noninterest expense to earning assets
-5.70%Net operating income to assets
-5.70%Return on assets (ROA)
-7.03%Pretax return on assets
-72.76%Return on equity (ROE)
-72.76%Retained earnings to average equity (YTD only)
8.40%Net charge-offs to loans
134.79%Credit loss provision to net charge-offs
0.32%Efficiency ratio
54,610Assets per employee
6.74%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.82%Loss allowance to noncurrent loans
58.87%Noncurrent assets plus other real estate owned to assets
7.29%Noncurrent loans to loans
8.18%Net loans and leases to deposits
88.50%Net loans and leases to core deposits
119.58%Equity capital to assets
5.22%Core capital (leverage) ratio
4.25%Tier 1 risk-based capital ratio
5.07%Total risk-based capital ratio
Memoranda
$6Average assets
$337,520Average earning assets
$26,444Average equity
$307,744Average loans
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