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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