FDIC Certificate #: 33858 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:La Jolla Bank, FSB (#32423) Federal Reserve ID: 2128092 Date Established: November 22, 1993 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 11481 FDIC's unique #: 48166 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: November 22, 1993 Last Structure Change Effective Date: January 23, 1999 Last Structure Change Process Date: March 18, 1999 Last Data Update: March 18, 1999 Data Source Date: April 05, 2012
Location
Address: 999 Bedford Street, Stamford, CT 6905 County: Fairfield Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: San Francisco FDIC Field Office: Hartford Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Metropolitan Statistical Area (MSA): Stamford-Norwalk, CT (#8040) Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70) Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408) Core Based Statistical Area (CBSA): Bridgeport-Stamford-Norwalk, CT (#14860) CBSA Metro Statistical Area: Bridgeport-Stamford-Norwalk, CT (#14860)
Financial Summary
Total assets: $108.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
24Total employees (full-time equivalent)
$108,239Total assets
$4,956Cash and due from depository institutions
$4,421Interest-bearing balances
$598Securities
$0Federal funds sold & reverse repurchase agreements
$100,388Net loans & leases
$745Loan loss allowance
$0Trading account assets
$276Bank premises and fixed assets
$32Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,989All other assets
$108,239Total liabilities and capital
$100,309Total liabilities
$87,504Total deposits
$85,742Interest-bearing deposits
$87,504Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$12,417Other borrowed funds
$0Subordinated debt
$388All other liabilities
$7,930Total equity capital
$7,930Total bank equity capital
$7,930Perpetual preferred stock
$0Common stock
$4,695Surplus
$1,518Undivided profits
Memoranda
$1,717Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$224Earning assets
$0Long-term assets (5+ years)
$654Average Assets, year-to-date
$105,407Average Assets, quarterly
$0Volatile liabilities
$99,024Insider loans
$107,928FHLB advances
$23,374Loans and leases held for sale
$90Unused loan commitments
$12,417Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$26,954Total unused commitments
$0Restructured Loans and leases
$81,587Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$8,545Total interest income
$4,981Total interest expense
$3,564Net interest income
$282Provision for loan and lease losses
$371Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$371Additional noninterest income
$2,296Total noninterest expense
$1,386Salaries and employee benefits
$487Premises and equipment expense
$423Additional noninterest expense
$1,357Pre-tax net operating income
$39Securities gains (losses)
$622Applicable income taxes
$774Income before extraordinary items
$0Extraordinary gains - net
$774Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$27Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.88%Yield on earning assets
5.18%Cost of funding earning assets
3.70%Net interest margin
0.39%Noninterest income to earning assets
2.39%Noninterest expense to earning assets
0.76%Net operating income to assets
0.78%Return on assets (ROA)
1.41%Pretax return on assets
10.60%Return on equity (ROE)
10.60%Retained earnings to average equity (YTD only)
-0.03%Net charge-offs to loans
-1044.44%Credit loss provision to net charge-offs
0.00%Efficiency ratio
58,348Assets per employee
4.51%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.74%Loss allowance to noncurrent loans
332.59%Noncurrent assets plus other real estate owned to assets
0.24%Noncurrent loans to loans
0.22%Net loans and leases to deposits
114.72%Net loans and leases to core deposits
131.15%Equity capital to assets
7.33%Core capital (leverage) ratio
7.33%Tier 1 risk-based capital ratio
9.72%Total risk-based capital ratio
Memoranda
$11Average assets
$99,024Average earning assets
$7,303Average equity
$96,204Average loans
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