American Commercial Bank in Ventura, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 28, 2001

  • American Commercial Bank in Ventura, California (CA)
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American Commercial Bank - Overview

  • General
  • FDIC Certificate #: 21224
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Mid-State Bank & Trust (#18396)
    Federal Reserve ID: 64066
    Date Established: September 18, 1973
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Interstate: No)
    FDIC's unique #: 14677
    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: September 18, 1973
    Last Structure Change Effective Date: September 28, 2001
    Last Structure Change Process Date: October 30, 2001
    Last Data Update: October 30, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 300 South Mills Road, Ventura, CA 93003
    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: $272.9 mil

1992 - 1999 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, 2000)

  • Dollar figures in thousands
  • 116Total employees (full-time equivalent)
  • $266,435Total assets
  • $25,746Cash and due from depository institutions
  • $0Interest-bearing balances
  • $19,210Securities
  • $18,600Federal funds sold & reverse repurchase agreements
  • $193,923Net loans & leases
  • $3,553Loan loss allowance
  • $0Trading account assets
  • $1,148Bank premises and fixed assets
  • $315Other real estate owned
  • $18Goodwill and other intangibles
  • $0Life insurance assets
  • $7,475All other assets
  • $266,435Total liabilities and capital
  • $241,358Total liabilities
  • $238,527Total deposits
  • $162,177Interest-bearing deposits
  • $238,527Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $2,831All other liabilities
  • $25,077Total equity capital
  • $25,077Total bank equity capital
  • $25,077Perpetual preferred stock
  • $0Common stock
  • $2,235Surplus
  • $7,462Undivided profits
  • Memoranda
  • $15,380Noncurrent loans and leases
  • $47,776Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $779Earning assets
  • $0Long-term assets (5+ years)
  • $1,304Average Assets, year-to-date
  • $231,733Average Assets, quarterly
  • $23,745Volatile liabilities
  • $256,065Insider loans
  • $264,309FHLB advances
  • $33,627Loans and leases held for sale
  • $4,944Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $47,776Total unused commitments
  • $0Restructured Loans and leases
  • $2,862Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $21,604Total interest income
  • $5,865Total interest expense
  • $15,739Net interest income
  • $1,634Provision for loan and lease losses
  • $2,739Total noninterest income
  • $0Fiduciary activities
  • $1,381Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,358Additional noninterest income
  • $12,067Total noninterest expense
  • $5,948Salaries and employee benefits
  • $1,937Premises and equipment expense
  • $4,182Additional noninterest expense
  • $4,777Pre-tax net operating income
  • $7Securities gains (losses)
  • $1,065Applicable income taxes
  • $3,719Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,719Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $59Sale, conversion, retirement of capital stock, net
  • $1,760Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.65%Yield on earning assets
  • 2.62%Cost of funding earning assets
  • 7.03%Net interest margin
  • 1.22%Noninterest income to earning assets
  • 5.39%Noninterest expense to earning assets
  • 1.45%Net operating income to assets
  • 1.45%Return on assets (ROA)
  • 1.87%Pretax return on assets
  • 15.59%Return on equity (ROE)
  • 8.21%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 2769.49%Credit loss provision to net charge-offs
  • 108.66%Efficiency ratio
  • 65,294Assets per employee
  • 2.30%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 47.32%Loss allowance to loans
  • 1.80%Loss allowance to noncurrent loans
  • 456.10%Noncurrent assets plus other real estate owned to assets
  • 0.41%Noncurrent loans to loans
  • 0.39%Net loans and leases to deposits
  • 81.30%Net loans and leases to core deposits
  • 94.64%Equity capital to assets
  • 9.41%Core capital (leverage) ratio
  • 9.46%Tier 1 risk-based capital ratio
  • 10.98%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $256,065Average earning assets
  • $23,854Average equity
  • $223,905Average loans

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