FDIC Certificate #: 33557 Status: Inactive Closing history: Participated in Reorganization Acquiring institution:Montecito Bank & Trust (#21956) Federal Reserve ID: 1934876 Date Established: Febuary 28, 1992 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 #: 47439 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: Febuary 28, 1992 Last Structure Change Effective Date: October 01, 2001 Last Structure Change Process Date: October 22, 2001 Last Data Update: October 22, 2001 Data Source Date: April 05, 2012
Location
Address: 591 Alamo Pintado Road, Solvang, CA 93463 County: Santa Barbara Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Los Angeles (West) Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Santa Barbara-Santa Maria-Lompoc, CA (#7480) Core Based Statistical Area (CBSA): Santa Barbara-Santa Maria-Goleta, CA (#42060) CBSA Metro Statistical Area: Santa Barbara-Santa Maria-Goleta, CA (#42060)
History of Changes
Merger - Without Assistance
Participated in Reorganization
Financial Summary
Total assets: $66.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
28Total employees (full-time equivalent)
$63,598Total assets
$10,461Cash and due from depository institutions
$5,698Interest-bearing balances
$3,710Securities
$360Federal funds sold & reverse repurchase agreements
$47,457Net loans & leases
$567Loan loss allowance
$0Trading account assets
$280Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,330All other assets
$63,598Total liabilities and capital
$59,005Total liabilities
$58,379Total deposits
$51,173Interest-bearing deposits
$58,379Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$626All other liabilities
$4,593Total equity capital
$4,593Total bank equity capital
$4,593Perpetual preferred stock
$0Common stock
$1,724Surplus
$1,724Undivided profits
Memoranda
$1,145Noncurrent loans and leases
$13,569Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$16Earning assets
$0Long-term assets (5+ years)
$343Average Assets, year-to-date
$57,225Average Assets, quarterly
$6,163Volatile liabilities
$58,557Insider loans
$61,658FHLB advances
$19,452Loans and leases held for sale
$485Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$13,569Total unused commitments
$0Restructured Loans and leases
$567Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$5,216Total interest income
$2,134Total interest expense
$3,082Net interest income
$100Provision for loan and lease losses
$780Total noninterest income
$0Fiduciary activities
$26Service charges on deposit accounts
$0Trading account gains & fees
$754Additional noninterest income
$2,520Total noninterest expense
$1,368Salaries and employee benefits
$356Premises and equipment expense
$796Additional noninterest expense
$1,242Pre-tax net operating income
$0Securities gains (losses)
$500Applicable income taxes
$742Income before extraordinary items
$0Extraordinary gains - net
$742Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$3Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.58%Yield on earning assets
3.92%Cost of funding earning assets
5.66%Net interest margin
1.43%Noninterest income to earning assets
4.63%Noninterest expense to earning assets
1.27%Net operating income to assets
1.27%Return on assets (ROA)
2.12%Pretax return on assets
17.81%Return on equity (ROE)
17.81%Retained earnings to average equity (YTD only)
-0.01%Net charge-offs to loans
-3333.33%Credit loss provision to net charge-offs
0.00%Efficiency ratio
65,251Assets per employee
2.27%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.18%Loss allowance to noncurrent loans
3543.75%Noncurrent assets plus other real estate owned to assets
0.03%Noncurrent loans to loans
0.03%Net loans and leases to deposits
81.29%Net loans and leases to core deposits
121.91%Equity capital to assets
7.22%Core capital (leverage) ratio
7.45%Tier 1 risk-based capital ratio
9.16%Total risk-based capital ratio
Memoranda
$10Average assets
$58,557Average earning assets
$4,166Average equity
$54,451Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Valley Oaks National Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: