FDIC Certificate #: 57441 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Royal Business Bank (#58816) Federal Reserve ID: 3182082 Date Established: April 02, 2003 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 363664 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: April 02, 2003 Last Structure Change Effective Date: September 24, 2011 Last Structure Change Process Date: September 28, 2011 Last Data Update: September 28, 2011 Data Source Date: April 05, 2012
Location
Address: 366 W. Esplanade Drive, Oxnard, CA 93036 County: Ventura 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): Ventura, CA (#8735) Consolidated Metropolitan Statistical Area (CMSA): Los Angeles-Riverside-Orange County, CA (#49) Combined Statistical Area (CSA): Los Angeles-Long Beach-Riverside, CA (#348) Core Based Statistical Area (CBSA): Oxnard-Thousand Oaks-Ventura, CA (#37100) CBSA Metro Statistical Area: Oxnard-Thousand Oaks-Ventura, CA (#37100)
Financial Summary
Total assets: $77.9 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2010)
Dollar figures in thousands
26Total employees (full-time equivalent)
$79,583Total assets
$1,080Cash and due from depository institutions
$0Interest-bearing balances
$12,518Securities
$15,025Federal funds sold & reverse repurchase agreements
$46,445Net loans & leases
$1,640Loan loss allowance
$0Trading account assets
$89Bank premises and fixed assets
$3,362Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,064All other assets
$79,583Total liabilities and capital
$73,119Total liabilities
$64,853Total deposits
$37,815Interest-bearing deposits
$64,853Deposits held in domestic offices
94.43%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$8,000Other borrowed funds
$0Subordinated debt
$266All other liabilities
$6,464Total equity capital
$6,464Total bank equity capital
$6,464Perpetual preferred stock
$0Common stock
$20,704Surplus
$611Undivided profits
Memoranda
$-14,851Noncurrent loans and leases
$5,503Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,404Earning assets
$0Long-term assets (5+ years)
$214Average Assets, year-to-date
$73,988Average Assets, quarterly
$11,469Volatile liabilities
$85,047Insider loans
$81,190FHLB advances
$26,736Loans and leases held for sale
$146Unused loan commitments
$8,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,503Total unused commitments
$0Restructured Loans and leases
$748Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$3,474Total interest income
$597Total interest expense
$2,877Net interest income
$2,434Provision for loan and lease losses
-$756Total noninterest income
$0Fiduciary activities
$42Service charges on deposit accounts
$0Trading account gains & fees
-$798Additional noninterest income
$4,381Total noninterest expense
$1,949Salaries and employee benefits
$399Premises and equipment expense
$2,033Additional noninterest expense
-$4,694Pre-tax net operating income
$0Securities gains (losses)
$178Applicable income taxes
-$4,872Income before extraordinary items
$0Extraordinary gains - net
-$4,872Net income attributable to bank
$0Net charge-offs
-$4,872Cash dividends
$2,955Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.52%Yield on earning assets
0.78%Cost of funding earning assets
3.74%Net interest margin
-0.98%Noninterest income to earning assets
5.70%Noninterest expense to earning assets
-5.73%Net operating income to assets
-5.73%Return on assets (ROA)
-5.52%Pretax return on assets
-100.91%Return on equity (ROE)
-100.91%Retained earnings to average equity (YTD only)
5.27%Net charge-offs to loans
82.37%Credit loss provision to net charge-offs
-0.76%Efficiency ratio
206,554Assets per employee
3.06%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.41%Loss allowance to noncurrent loans
37.24%Noncurrent assets plus other real estate owned to assets
9.76%Noncurrent loans to loans
9.16%Net loans and leases to deposits
71.62%Net loans and leases to core deposits
100.71%Equity capital to assets
8.12%Core capital (leverage) ratio
7.41%Tier 1 risk-based capital ratio
10.50%Total risk-based capital ratio
Memoranda
$12Average assets
$85,047Average earning assets
$4,828Average equity
$76,861Average 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 Ventura County Business 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: