Town and Country Finance and Thrift Company in Turlock, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 13, 1999

Town and Country Finance and Thrift Company in Turlock, California (CA)
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Town and Country Finance and Thrift Company - Overview

General
FDIC Certificate #: 27113
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: County Bank (#22574)
Federal Reserve ID: 1161243
Date Established: January 14, 1957
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
FDIC's unique #: 38803
Numeric code: 23
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: November 16, 1987
Last Structure Change Effective Date: November 13, 1999
Last Structure Change Process Date: December 08, 1999
Last Data Update: December 08, 1999
Data Source Date: April 05, 2012
Location
Address: 410 East Olive, Turlock, CA 95380
County: Stanislaus
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: San Francisco
FDIC Field Office: Sacramento
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Metropolitan Statistical Area (MSA): Modesto, CA (#5170)
Core Based Statistical Area (CBSA): Modesto, CA (#33700)
CBSA Metro Statistical Area: Modesto, CA (#33700)
Financial Summary
Total assets: $55.2 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
23Total employees (full-time equivalent)
$42,339Total assets
$259Cash and due from depository institutions
$0Interest-bearing balances
$1,059Securities
$0Federal funds sold & reverse repurchase agreements
$38,291Net loans & leases
$327Loan loss allowance
$0Trading account assets
$374Bank premises and fixed assets
$0Other real estate owned
$2,087Goodwill and other intangibles
$0Life insurance assets
$269All other assets
$42,339Total liabilities and capital
$36,457Total liabilities
$35,589Total deposits
$35,232Interest-bearing deposits
$35,589Deposits held in domestic offices
0.00%% insured (estimated)
$600Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$268All other liabilities
$5,882Total equity capital
$5,882Total bank equity capital
$5,882Perpetual preferred stock
$0Common stock
$1,350Surplus
$4,248Undivided profits
Memoranda
$284Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$247Earning assets
$0Long-term assets (5+ years)
$89Average Assets, year-to-date
$39,350Average Assets, quarterly
$1,014Volatile liabilities
$37,948Insider loans
$41,225FHLB advances
$8,450Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,062Total unused commitments
$0Restructured Loans and leases
$39,386Derivatives

Income and Expense (December 31, 1998)

Dollar figures in thousands
$3,922Total interest income
$1,679Total interest expense
$2,243Net interest income
$232Provision for loan and lease losses
$96Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$96Additional noninterest income
$1,724Total noninterest expense
$721Salaries and employee benefits
$255Premises and equipment expense
$748Additional noninterest expense
$383Pre-tax net operating income
$0Securities gains (losses)
$199Applicable income taxes
$184Income before extraordinary items
$0Extraordinary gains - net
$184Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$217Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1998)

Dollar figures in thousands
Performance Ratios (%, annualized)
11.23%Yield on earning assets
4.81%Cost of funding earning assets
6.42%Net interest margin
0.27%Noninterest income to earning assets
4.94%Noninterest expense to earning assets
0.48%Net operating income to assets
0.48%Return on assets (ROA)
1.01%Pretax return on assets
3.46%Return on equity (ROE)
3.46%Retained earnings to average equity (YTD only)
0.66%Net charge-offs to loans
106.91%Credit loss provision to net charge-offs
2.83%Efficiency ratio
66,952Assets per employee
1.84%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.85%Loss allowance to noncurrent loans
132.39%Noncurrent assets plus other real estate owned to assets
0.58%Noncurrent loans to loans
0.64%Net loans and leases to deposits
107.59%Net loans and leases to core deposits
138.04%Equity capital to assets
13.89%Core capital (leverage) ratio
9.59%Tier 1 risk-based capital ratio
9.66%Total risk-based capital ratio
Memoranda
$10Average assets
$37,948Average earning assets
$5,322Average equity
$34,918Average loans

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