American Bank and Trust Company in San Jose, California (CA)



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American Bank and Trust Company
GeneralFDIC Certificate #: 21560
Status: Inactive
Closing history: Corrections
Acquiring institution: Bank of Santa Clara (#21230)
Federal Reserve ID: 13662
Date Established: May 01, 1974
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 14914
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: May 01, 1974
Last Structure Change Effective Date: June 18, 1993
Last Structure Change Process Date: June 23, 1993
Last Data Update: June 23, 1993
Data Source Date: April 05, 2012
LocationAddress: 40 South Market Street, San Jose, CA 95113
County: Santa Clara
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): San Jose, CA (#7400)
Consolidated Metropolitan Statistical Area (CMSA): San Francisco-Oakland-San Jose, CA (#84)
Combined Statistical Area (CSA): San Jose-San Francisco-Oakland, CA (#488)
Core Based Statistical Area (CBSA): San Jose-Sunnyvale-Santa Clara, CA (#41940)
CBSA Metro Statistical Area: San Jose-Sunnyvale-Santa Clara, CA (#41940)
History of ChangesAbsorption - Assisted
Corrections
Financial SummaryTotal assets: $35.6 mil
Assets and Liabilities (December 31, 1992)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$19
Cash and due from depository institutions$37,396
Interest-bearing balances$2,774
Securities$0
Federal funds sold & reverse repurchase agreements$1,965
Net loans & leases$2,400
Loan loss allowance $28,707
Trading account assets$1,207
Bank premises and fixed assets$0
Other real estate owned$779
Goodwill and other intangibles$438
All other assets$0
Life insurance assets$333
Total liabilities and capital$0
Total liabilities$37,396
Total deposits$36,382
Interest-bearing deposits$36,178
Deposits held in domestic offices$31,011
% insured (estimated)36178.00%
Federal funds purchased & repurchase agreements $97
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $0
Total equity capital$204
Total bank equity capital$204
Perpetual preferred stock$1,014
Common stock$0
Surplus$13,188
Undivided profits $253
Memoranda
Noncurrent loans and leases $-12,427
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $2,678
Earning assets $214
Long-term assets (5+ years) $33,072
Average Assets, year-to-date $4,599
Average Assets, quarterly $49,265
Volatile liabilities $39,607
Insider loans $2,427
FHLB advances $885
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $3,449
Tier 2 risk-based capital $0
Total risk weighted assets $1,014
Total unused commitments $28,481
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1992)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $3,998
Net interest income $1,836
Provision for loan and lease losses $2,162
Total noninterest income $539
Fiduciary activities $755
Service charges on deposit accounts $0
Trading account gains & fees $116
Additional noninterest income $0
Total noninterest expense $639
Salaries and employee benefits $3,038
Premises and equipment expense $1,024
Additional noninterest expense $1,086
Pre-tax net operating income $928
Securities gains (losses) -$660
Applicable income taxes $37
Income before extraordinary items $1
Extraordinary gains - net -$624
Net income attributable to bank $0
Net charge-offs -$624
Cash dividends $81
Sale, conversion, retirement of capital stock, net $0
Net operating income $500
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Performance and Condition Ratios (December 31, 1992)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 9.06%
Net interest margin 4.16%
Noninterest income to earning assets 4.90%
Noninterest expense to earning assets 1.71%
Net operating income to assets 6.89%
Return on assets (ROA) -1.34%
Pretax return on assets -1.27%
Return on equity (ROE) -1.26%
Retained earnings to average equity (YTD only) -40.28%
Net charge-offs to loans -40.28%
Credit loss provision to net charge-offs 0.20%
Efficiency ratio665.43%
Assets per employee$104,148
Cash dividends to net income (YTD only)1.97%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 4.03%
Noncurrent assets plus other real estate owned to assets 45.07%
Noncurrent loans to loans 8.33%
Net loans and leases to deposits8.95%
Net loans and leases to core deposits 79.35%
Equity capital to assets 85.06%
Core capital (leverage) ratio 2.71%
Tier 1 risk-based capital ratio 2.57%
Total risk-based capital ratio 3.56%
Memoranda
Average assets$5
Average earning assets$49,265
Average equity $1,549
Average loans $44,115
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