FDIC Certificate #: 24250 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:United Security Bank (#27132) Federal Reserve ID: 362463 Date Established: January 03, 1983 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) FDIC's unique #: 16883 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: January 03, 1983 Last Structure Change Effective Date: April 24, 2004 Last Structure Change Process Date: May 25, 2004 Last Data Update: May 25, 2004 Data Source Date: April 05, 2012
Location
Address: 523 Cascade Place, Taft, CA 93268 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)
Financial Summary
Total assets: $52.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
24Total employees (full-time equivalent)
$50,393Total assets
$6,883Cash and due from depository institutions
$1,191Interest-bearing balances
$12,847Securities
$1,055Federal funds sold & reverse repurchase agreements
$26,538Net loans & leases
$911Loan loss allowance
$0Trading account assets
$1,358Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,712All other assets
$50,393Total liabilities and capital
$46,838Total liabilities
$45,774Total deposits
$25,153Interest-bearing deposits
$45,774Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$500Subordinated debt
$564All other liabilities
$3,555Total equity capital
$3,555Total bank equity capital
$3,555Perpetual preferred stock
$0Common stock
$1,070Surplus
$1,058Undivided profits
Memoranda
$1,427Noncurrent loans and leases
$9,497Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$743Earning assets
$0Long-term assets (5+ years)
$201Average Assets, year-to-date
$41,631Average Assets, quarterly
$7,114Volatile liabilities
$53,288Insider loans
$51,166FHLB advances
$3,484Loans and leases held for sale
$1,445Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,497Total unused commitments
$0Restructured Loans and leases
$922Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$2,466Total interest income
$207Total interest expense
$2,259Net interest income
$331Provision for loan and lease losses
$863Total noninterest income
$0Fiduciary activities
$665Service charges on deposit accounts
$0Trading account gains & fees
$198Additional noninterest income
$2,831Total noninterest expense
$1,120Salaries and employee benefits
$557Premises and equipment expense
$1,154Additional noninterest expense
-$40Pre-tax net operating income
$137Securities gains (losses)
-$100Applicable income taxes
$197Income before extraordinary items
$0Extraordinary gains - net
$197Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$672Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.47%Yield on earning assets
0.46%Cost of funding earning assets
5.01%Net interest margin
1.91%Noninterest income to earning assets
6.28%Noninterest expense to earning assets
0.11%Net operating income to assets
0.37%Return on assets (ROA)
0.18%Pretax return on assets
5.66%Return on equity (ROE)
5.66%Retained earnings to average equity (YTD only)
2.31%Net charge-offs to loans
49.26%Credit loss provision to net charge-offs
0.43%Efficiency ratio
90,679Assets per employee
2.10%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.32%Loss allowance to noncurrent loans
122.61%Noncurrent assets plus other real estate owned to assets
1.47%Noncurrent loans to loans
2.71%Net loans and leases to deposits
57.98%Net loans and leases to core deposits
62.75%Equity capital to assets
7.05%Core capital (leverage) ratio
6.56%Tier 1 risk-based capital ratio
10.35%Total risk-based capital ratio
Memoranda
$13Average assets
$53,288Average earning assets
$3,480Average equity
$45,093Average loans
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