1st Pacific Bank of California in San Diego, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 07, 2010

  • 1st Pacific Bank of California in San Diego, California (CA)
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1st Pacific Bank of California - Overview

  • General
  • FDIC Certificate #: 35517
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: City National Bank (#17281)
    Federal Reserve ID: 2912367
    Date Established: November 17, 2000
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 8 (Interstate: No)
    FDIC's unique #: 81170
    Numeric code: 13
    Regulator: FED
    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: November 17, 2000
    Last Structure Change Effective Date: May 07, 2010
    Last Structure Change Process Date: May 10, 2010
    Last Data Update: May 10, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 9333 Genesee Ave., Suite 100, San Diego, CA 92121
    County: San Diego
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Orange
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): San Diego, CA (#7320)
    Core Based Statistical Area (CBSA): San Diego-Carlsbad-San Marcos, CA (#41740)
    CBSA Metro Statistical Area: San Diego-Carlsbad-San Marcos, CA (#41740)
  • Financial Summary
  • Total assets: $335.8 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, 2009)

  • Dollar figures in thousands
  • 79Total employees (full-time equivalent)
  • $359,698Total assets
  • $28,316Cash and due from depository institutions
  • $570Interest-bearing balances
  • $13,800Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $304,039Net loans & leases
  • $9,487Loan loss allowance
  • $0Trading account assets
  • $2,892Bank premises and fixed assets
  • $1,035Other real estate owned
  • $1,074Goodwill and other intangibles
  • $0Life insurance assets
  • $8,542All other assets
  • $359,698Total liabilities and capital
  • $348,434Total liabilities
  • $303,712Total deposits
  • $230,710Interest-bearing deposits
  • $303,712Deposits held in domestic offices
  • 87.71%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $35,000Other borrowed funds
  • $5,000Subordinated debt
  • $4,722All other liabilities
  • $11,264Total equity capital
  • $11,264Total bank equity capital
  • $11,264Perpetual preferred stock
  • $0Common stock
  • $45,828Surplus
  • $758Undivided profits
  • Memoranda
  • $-35,322Noncurrent loans and leases
  • $61,070Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $16,794Earning assets
  • $606Long-term assets (5+ years)
  • $1,298Average Assets, year-to-date
  • $318,409Average Assets, quarterly
  • $73,269Volatile liabilities
  • $405,796Insider loans
  • $369,425FHLB advances
  • $116,573Loans and leases held for sale
  • $0Unused loan commitments
  • $35,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $61,070Total unused commitments
  • $2,558Restructured Loans and leases
  • $9,039Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $22,529Total interest income
  • $7,128Total interest expense
  • $15,401Net interest income
  • $12,450Provision for loan and lease losses
  • $134Total noninterest income
  • $0Fiduciary activities
  • $669Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$535Additional noninterest income
  • $16,903Total noninterest expense
  • $8,362Salaries and employee benefits
  • $2,939Premises and equipment expense
  • $5,602Additional noninterest expense
  • -$13,818Pre-tax net operating income
  • $170Securities gains (losses)
  • $3,136Applicable income taxes
  • -$16,784Income before extraordinary items
  • $0Extraordinary gains - net
  • -$16,784Net income attributable to bank
  • $0Net charge-offs
  • -$16,784Cash dividends
  • $8,022Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.04%Yield on earning assets
  • 1.91%Cost of funding earning assets
  • 4.13%Net interest margin
  • 0.04%Noninterest income to earning assets
  • 4.53%Noninterest expense to earning assets
  • -4.18%Net operating income to assets
  • -4.14%Return on assets (ROA)
  • -3.36%Pretax return on assets
  • -81.13%Return on equity (ROE)
  • -81.13%Retained earnings to average equity (YTD only)
  • 2.32%Net charge-offs to loans
  • 155.20%Credit loss provision to net charge-offs
  • -0.17%Efficiency ratio
  • 106,849Assets per employee
  • 4.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.03%Loss allowance to noncurrent loans
  • 56.49%Noncurrent assets plus other real estate owned to assets
  • 4.96%Noncurrent loans to loans
  • 5.36%Net loans and leases to deposits
  • 100.11%Net loans and leases to core deposits
  • 146.78%Equity capital to assets
  • 3.13%Core capital (leverage) ratio
  • 2.82%Tier 1 risk-based capital ratio
  • 3.35%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $405,796Average earning assets
  • $20,687Average equity
  • $373,146Average loans

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