FDIC Certificate #: 58828 Status: Active Federal Reserve ID: 3885123 Date Established: Febuary 02, 2009 WWW:http://www.valleyrepublicbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 469636 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: Febuary 02, 2009 Last Structure Change Effective Date: January 22, 2010 Last Structure Change Process Date: January 22, 2010 Last Data Update: January 22, 2010 Data Source Date: April 05, 2012
Location
Address: 5000 California Avenue, Suite 110, Bakersfield, CA 93309 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: $256.1 mil Equity capital: $35.1 mil Deposits held in domestic offices: $220.3 mil Return on assets (ROA): 0.32% ($0.8 mil) Quarterly return on assets: 0.35% ($0.9 mil) Return on Equity (ROE): 2.18% ($0.8 mil) Quarterly return on equity: 2.52% ($0.9 mil) Net income: $0.7 mil Quarterly Net income: $0.2 mil Pretax return on assets: 0.32% ($819.6 mil) Quarterly Pretax return on assets: 0.35% ($896.4 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
27Total employees (full-time equivalent)
$256,115Total assets
$34,624Cash and due from depository institutions
$30,286Interest-bearing balances
$130,667Securities
$0Federal funds sold & reverse repurchase agreements
$87,625Net loans & leases
$1,685Loan loss allowance
$0Trading account assets
$870Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$256,115Life insurance assets
$2,329All other assets
$221,056Total liabilities and capital
$220,260Total liabilities
$155,837Total deposits
$220,260Interest-bearing deposits
$54Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$796Subordinated debt
$35,059All other liabilities
$35,059Total equity capital
$35,059Total bank equity capital
$0Perpetual preferred stock
$36,433Common stock
$1,237Surplus
$-2,611Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$244Income earned, not collected on loans
$0Earning assets
$732Long-term assets (5+ years)
$248,578Average Assets, year-to-date
$96,752Average Assets, quarterly
$233,664Volatile liabilities
$259,273Insider loans
$109,933FHLB advances
$267,636Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$34,510Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$26,686Restructured Loans and leases
$2,959Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$6,753Total interest income
$710Total interest expense
$6,043Net interest income
$543Provision for loan and lease losses
$163Total noninterest income
$0Fiduciary activities
$141Service charges on deposit accounts
$0Trading account gains & fees
$22Additional noninterest income
$4,963Total noninterest expense
$2,551Salaries and employee benefits
$519Premises and equipment expense
$1,893Additional noninterest expense
$700Pre-tax net operating income
$46Securities gains (losses)
$0Applicable income taxes
$746Income before extraordinary items
$0Extraordinary gains - net
$746Net income attributable to bank
$0Net charge-offs
$746Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
2.97%Yield on earning assets
0.31%Cost of funding earning assets
2.66%Net interest margin
0.07%Noninterest income to earning assets
2.18%Noninterest expense to earning assets
0.30%Net operating income to assets
0.32%Return on assets (ROA)
0.32%Pretax return on assets
2.18%Return on equity (ROE)
2.18%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
79,971Assets per employee
9.49%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.89%Loss allowance to noncurrent loans
690.57%Noncurrent assets plus other real estate owned to assets
0.10%Noncurrent loans to loans
0.27%Net loans and leases to deposits
39.78%Net loans and leases to core deposits
40.03%Equity capital to assets
13.69%Core capital (leverage) ratio
12.89%Tier 1 risk-based capital ratio
31.39%Total risk-based capital ratio
Memoranda
$33Average assets
$233,664Average earning assets
$34,158Average equity
$227,360Average loans
List of branches
1 California Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
469636
Valley Republic Bank
5000 California Avenue, Suite 110, Bakersfield, CA 93309
Febuary 02, 2009
Full Service Brick and Mortar
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