1st Centennial Bank in Redlands, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 23, 2009

  • 1st Centennial Bank in Redlands, California (CA)
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1st Centennial Bank - Overview

  • General
  • FDIC Certificate #: 33025
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: First California Bank (#22819)
    Federal Reserve ID: 1463705
    Date Established: August 01, 1990
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Interstate: No)
    FDIC's unique #: 46233
    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: August 01, 1990
    Last Structure Change Effective Date: January 23, 2009
    Last Structure Change Process Date: Febuary 02, 2009
    Last Data Update: Febuary 02, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 218 East State Street, Redlands, CA 92373
    County: San Bernardino
    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): Riverside-San Bernardino, CA (#6780)
    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): Riverside-San Bernardino-Ontario, CA (#40140)
    CBSA Metro Statistical Area: Riverside-San Bernardino-Ontario, CA (#40140)
  • History of Changes
  • Absorption - Assisted
  • Financial Summary
  • Total assets: $798.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)

  • Dollar figures in thousands
  • 129Total employees (full-time equivalent)
  • $797,959Total assets
  • $90,153Cash and due from depository institutions
  • $79,487Interest-bearing balances
  • $167,799Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $476,777Net loans & leases
  • $32,140Loan loss allowance
  • $0Trading account assets
  • $2,451Bank premises and fixed assets
  • $20,429Other real estate owned
  • $4,534Goodwill and other intangibles
  • $15,177Life insurance assets
  • $35,816All other assets
  • $797,959Total liabilities and capital
  • $786,911Total liabilities
  • $678,570Total deposits
  • $589,577Interest-bearing deposits
  • $678,570Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $103,270Other borrowed funds
  • $0Subordinated debt
  • $5,071All other liabilities
  • $11,048Total equity capital
  • $11,048Total bank equity capital
  • $11,048Perpetual preferred stock
  • $0Common stock
  • $5,943Surplus
  • $27,999Undivided profits
  • Memoranda
  • $-22,894Noncurrent loans and leases
  • $99,910Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $94,993Earning assets
  • $1,496Long-term assets (5+ years)
  • $2,867Average Assets, year-to-date
  • $724,063Average Assets, quarterly
  • $185,895Volatile liabilities
  • $780,523Insider loans
  • $868,087FHLB advances
  • $131,903Loans and leases held for sale
  • $1,478Unused loan commitments
  • $103,270Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $99,910Total unused commitments
  • $7,504Restructured Loans and leases
  • $6,825Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $39,318Total interest income
  • $18,380Total interest expense
  • $20,938Net interest income
  • $56,455Provision for loan and lease losses
  • $5,174Total noninterest income
  • $0Fiduciary activities
  • $863Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,311Additional noninterest income
  • $28,371Total noninterest expense
  • $9,759Salaries and employee benefits
  • $2,151Premises and equipment expense
  • $16,461Additional noninterest expense
  • -$58,714Pre-tax net operating income
  • $3,428Securities gains (losses)
  • -$5,284Applicable income taxes
  • -$50,002Income before extraordinary items
  • $0Extraordinary gains - net
  • -$50,002Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $31,120Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.87%Yield on earning assets
  • 2.74%Cost of funding earning assets
  • 3.12%Net interest margin
  • 0.77%Noninterest income to earning assets
  • 4.23%Noninterest expense to earning assets
  • -6.80%Net operating income to assets
  • -6.41%Return on assets (ROA)
  • -7.08%Pretax return on assets
  • -106.88%Return on equity (ROE)
  • -106.88%Retained earnings to average equity (YTD only)
  • 5.91%Net charge-offs to loans
  • 181.41%Credit loss provision to net charge-offs
  • -0.07%Efficiency ratio
  • 108,651Assets per employee
  • 6.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 6.32%Loss allowance to noncurrent loans
  • 33.83%Noncurrent assets plus other real estate owned to assets
  • 14.46%Noncurrent loans to loans
  • 18.67%Net loans and leases to deposits
  • 70.26%Net loans and leases to core deposits
  • 79.10%Equity capital to assets
  • 1.38%Core capital (leverage) ratio
  • 0.79%Tier 1 risk-based capital ratio
  • 1.39%Total risk-based capital ratio
  • Memoranda
  • $3Average assets
  • $780,523Average earning assets
  • $46,781Average equity
  • $670,344Average loans

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