The Bank of Milpitas, National Association in Milpitas, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 13, 1997

  • The Bank of Milpitas, National Association in Milpitas, California (CA)
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The Bank of Milpitas, National Association - Overview

  • General
  • FDIC Certificate #: 27490
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: U.S. Bank of California (#1304)
    Federal Reserve ID: 1395365
    Date Established: April 17, 1989
    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 #: 40107
    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: April 17, 1989
    Last Structure Change Effective Date: March 13, 1997
    Last Structure Change Process Date: April 02, 1997
    Last Data Update: April 02, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 North Milpitas Boulevard, Milpitas, CA 95035
    County: Santa Clara
    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 Jose, CA (#7400)
    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 Jose-Sunnyvale-Santa Clara, CA (#41940)
    CBSA Metro Statistical Area: San Jose-Sunnyvale-Santa Clara, CA (#41940)
  • Financial Summary
  • Total assets: $49.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $12Total assets
  • $49,043Cash and due from depository institutions
  • $3,246Interest-bearing balances
  • $0Securities
  • $13,538Federal funds sold & reverse repurchase agreements
  • $10,628Net loans & leases
  • $20,879Loan loss allowance
  • $405Trading account assets
  • $0Bank premises and fixed assets
  • $96Other real estate owned
  • $4Goodwill and other intangibles
  • $652Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $49,043Total liabilities
  • $45,512Total deposits
  • $45,358Interest-bearing deposits
  • $35,021Deposits held in domestic offices
  • 45358.00%% insured (estimated)
  • $74Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $154Total equity capital
  • $154Total bank equity capital
  • $3,531Perpetual preferred stock
  • $0Common stock
  • $1,500Surplus
  • $1,614Undivided profits
  • Memoranda
  • $417Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $32Income earned, not collected on loans
  • $112Earning assets
  • $45,045Long-term assets (5+ years)
  • $7,666Average Assets, year-to-date
  • $44,371Average Assets, quarterly
  • $47,329Volatile liabilities
  • $6,926Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $204Unused loan commitments
  • $4,635Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,398Total risk weighted assets
  • $26,360Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,914Total interest expense
  • $656Net interest income
  • $1,258Provision for loan and lease losses
  • $155Total noninterest income
  • $185Fiduciary activities
  • $0Service charges on deposit accounts
  • $137Trading account gains & fees
  • $0Additional noninterest income
  • $48Total noninterest expense
  • $837Salaries and employee benefits
  • $345Premises and equipment expense
  • $102Additional noninterest expense
  • $390Pre-tax net operating income
  • $451Securities gains (losses)
  • $16Applicable income taxes
  • $183Income before extraordinary items
  • $284Extraordinary gains - net
  • $0Net income attributable to bank
  • $284Net charge-offs
  • -$1Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 4.66%Cost of funding earning assets
  • 1.60%Net interest margin
  • 3.06%Noninterest income to earning assets
  • 0.45%Noninterest expense to earning assets
  • 2.04%Net operating income to assets
  • 0.62%Return on assets (ROA)
  • 0.64%Pretax return on assets
  • 1.05%Return on equity (ROE)
  • 8.76%Retained earnings to average equity (YTD only)
  • 8.76%Net charge-offs to loans
  • -0.01%Credit loss provision to net charge-offs
  • -15500.00%Efficiency ratio
  • 58,004Assets per employee
  • 4.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.90%Loss allowance to noncurrent loans
  • 1265.63%Noncurrent assets plus other real estate owned to assets
  • 0.07%Noncurrent loans to loans
  • 0.15%Net loans and leases to deposits
  • 46.03%Net loans and leases to core deposits
  • 54.33%Equity capital to assets
  • 7.20%Core capital (leverage) ratio
  • 7.14%Tier 1 risk-based capital ratio
  • 12.89%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $44,371Average earning assets
  • $3,241Average equity
  • $41,068Average loans

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