FDIC Certificate #: 33493 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Union Bank, National Association (#22826) Federal Reserve ID: 1890598 Date Established: August 29, 1991 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 7 (Interstate: No) OTS Docket #: 13093 FDIC's unique #: 47217 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: August 29, 1991 Last Structure Change Effective Date: April 16, 2010 Last Structure Change Process Date: April 19, 2010 Last Data Update: April 19, 2010 Data Source Date: April 05, 2012
Location
Address: 851 Irwin Street, Suite 100, San Rafael, CA 94901 County: Marin 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): San Francisco, CA (#7360) 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): San Francisco-Oakland-Fremont, CA (#41860) CBSA Metro Statistical Area: San Francisco-Oakland-Fremont, CA (#41860) Core Based Statistical Division: San Francisco-San Mateo-Redwood City, CA (#41884)
Financial Summary
Total assets: $611.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
69Total employees (full-time equivalent)
$628,903Total assets
$14,365Cash and due from depository institutions
$10,334Interest-bearing balances
$56,759Securities
$15,002Federal funds sold & reverse repurchase agreements
$495,637Net loans & leases
$23,098Loan loss allowance
$0Trading account assets
$3,217Bank premises and fixed assets
$3,587Other real estate owned
$171Goodwill and other intangibles
$11,195Life insurance assets
$40,165All other assets
$628,903Total liabilities and capital
$610,094Total liabilities
$487,582Total deposits
$443,855Interest-bearing deposits
$487,582Deposits held in domestic offices
87.04%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$119,085Other borrowed funds
$0Subordinated debt
$3,427All other liabilities
$18,809Total equity capital
$18,809Total bank equity capital
$18,809Perpetual preferred stock
$0Common stock
$2,080Surplus
$28,052Undivided profits
Memoranda
$-11,323Noncurrent loans and leases
$50,546Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$43,359Earning assets
$1,314Long-term assets (5+ years)
$3,205Average Assets, year-to-date
$577,732Average Assets, quarterly
$50,493Volatile liabilities
$684,984Insider loans
$661,572FHLB advances
$127,451Loans and leases held for sale
$770Unused loan commitments
$119,085Tier 1 (core) risk-based capital
$13,000Tier 2 risk-based capital
$59,985Total risk weighted assets
$50,546Total unused commitments
$0Restructured Loans and leases
$6,664Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$40,034Total interest income
$16,046Total interest expense
$23,988Net interest income
$50,846Provision for loan and lease losses
-$102Total noninterest income
$0Fiduciary activities
$444Service charges on deposit accounts
$0Trading account gains & fees
-$546Additional noninterest income
$17,141Total noninterest expense
$7,171Salaries and employee benefits
$2,091Premises and equipment expense
$7,879Additional noninterest expense
-$44,101Pre-tax net operating income
$825Securities gains (losses)
-$7,079Applicable income taxes
-$36,197Income before extraordinary items
$0Extraordinary gains - net
-$36,197Net income attributable to bank
$0Net charge-offs
-$36,197Cash dividends
$35,841Sale, conversion, retirement of capital stock, net
$897Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.30%Yield on earning assets
2.52%Cost of funding earning assets
3.77%Net interest margin
-0.02%Noninterest income to earning assets
2.70%Noninterest expense to earning assets
-5.39%Net operating income to assets
-5.28%Return on assets (ROA)
-6.32%Pretax return on assets
-79.09%Return on equity (ROE)
-81.05%Retained earnings to average equity (YTD only)
6.24%Net charge-offs to loans
141.87%Credit loss provision to net charge-offs
0.19%Efficiency ratio
71,762Assets per employee
9.11%Cash dividends to net income (YTD only)
Condition Ratios (%)
-2.48%Loss allowance to loans
4.45%Loss allowance to noncurrent loans
53.27%Noncurrent assets plus other real estate owned to assets
7.46%Noncurrent loans to loans
8.36%Net loans and leases to deposits
101.65%Net loans and leases to core deposits
122.62%Equity capital to assets
2.99%Core capital (leverage) ratio
2.73%Tier 1 risk-based capital ratio
3.58%Total risk-based capital ratio
Memoranda
$5Average assets
$684,984Average earning assets
$45,767Average equity
$635,849Average loans
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