1st Capital Bank in Monterey, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • 1st Capital Bank in Monterey, California (CA)
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1st Capital Bank - Overview

  • General
  • FDIC Certificate #: 58485
    Status: Active
    Federal Reserve ID: 3594797
    Date Established: April 16, 2007
    WWW: http://www.1stcapitalbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 453849
    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: April 16, 2007
    Last Structure Change Effective Date: April 21, 2008
    Last Structure Change Process Date: April 22, 2008
    Last Data Update: April 22, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 5 Harris Court, Building N, Suite #3, Monterey, CA 93940
    County: Monterey
    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): Salinas, CA (#7120)
    Core Based Statistical Area (CBSA): Salinas, CA (#41500)
    CBSA Metro Statistical Area: Salinas, CA (#41500)
  • Financial Summary
  • Total assets: $288.3 mil
    Equity capital: $31.8 mil
    Deposits held in domestic offices: $255.6 mil
    Return on assets (ROA): 1.31% ($3.8 mil)
    Quarterly return on assets: 0.39% ($1.1 mil)
    Return on Equity (ROE): 10.32% ($3.3 mil)
    Quarterly return on equity: 3.25% ($1.0 mil)
    Net income: $3.1 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.93% ($2,681.3 mil)
    Quarterly Pretax return on assets: 0.67% ($1,931.7 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
  • 53Total employees (full-time equivalent)
  • $288,316Total assets
  • $72,807Cash and due from depository institutions
  • $63,897Interest-bearing balances
  • $13,685Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $197,262Net loans & leases
  • $3,320Loan loss allowance
  • $0Trading account assets
  • $615Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $288,316Life insurance assets
  • $3,947All other assets
  • $256,502Total liabilities and capital
  • $255,583Total liabilities
  • $137,217Total deposits
  • $255,583Interest-bearing deposits
  • $74Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $919Subordinated debt
  • $31,814All other liabilities
  • $31,814Total equity capital
  • $31,814Total bank equity capital
  • $0Perpetual preferred stock
  • $31,533Common stock
  • $1,681Surplus
  • $-1,400Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $344Income earned, not collected on loans
  • $0Earning assets
  • $687Long-term assets (5+ years)
  • $274,844Average Assets, year-to-date
  • $62,033Average Assets, quarterly
  • $240,400Volatile liabilities
  • $262,024Insider loans
  • $198,711FHLB advances
  • $249,801Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $31,490Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $61,760Restructured Loans and leases
  • $10,793Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,150Total interest income
  • $980Total interest expense
  • $10,170Net interest income
  • $665Provision for loan and lease losses
  • $145Total noninterest income
  • $0Fiduciary activities
  • $75Service charges on deposit accounts
  • $0Trading account gains & fees
  • $70Additional noninterest income
  • $7,406Total noninterest expense
  • $4,272Salaries and employee benefits
  • $804Premises and equipment expense
  • $2,330Additional noninterest expense
  • $2,244Pre-tax net operating income
  • $0Securities gains (losses)
  • -$895Applicable income taxes
  • $3,139Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,139Net income attributable to bank
  • $0Net charge-offs
  • $3,139Cash dividends
  • $68Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.87%Yield on earning assets
  • 0.43%Cost of funding earning assets
  • 4.44%Net interest margin
  • 0.06%Noninterest income to earning assets
  • 3.23%Noninterest expense to earning assets
  • 1.31%Net operating income to assets
  • 1.31%Return on assets (ROA)
  • 0.93%Pretax return on assets
  • 10.32%Return on equity (ROE)
  • 10.32%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 977.94%Credit loss provision to net charge-offs
  • 42.78%Efficiency ratio
  • 71,798Assets per employee
  • 5.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.66%Loss allowance to noncurrent loans
  • 965.12%Noncurrent assets plus other real estate owned to assets
  • 0.12%Noncurrent loans to loans
  • 0.17%Net loans and leases to deposits
  • 77.18%Net loans and leases to core deposits
  • 84.47%Equity capital to assets
  • 11.03%Core capital (leverage) ratio
  • 12.61%Tier 1 risk-based capital ratio
  • 15.85%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $240,400Average earning assets
  • $30,408Average equity
  • $229,123Average loans

List of branches

  • 4 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04538491st Capital Bank5 Harris Court, Building N, Suite #3, Monterey, CA 93940April 16, 2007Full Service Brick and Mortar
    1462576Tyler Street Branch470 Tyler Street, 1st Floor, Monterey, CA 93940April 16, 2007Full Service Brick and Mortar
    2462875South Main Street Branch1097 South Main Street, Salinas, CA 93901April 16, 2007Full Service Brick and Mortar
    3491884King City Branch432 Broadway, King City, CA 93930November 03, 2008Full Service Brick and Mortar

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