Avidbank in Palo Alto, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Avidbank in Palo Alto, California (CA)
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Avidbank - Overview

  • General
  • FDIC Certificate #: 57510
    Status: Active
    Federal Reserve ID: 3214059
    Bank Holding Company (Regulatory Top Holder): Avidbank Holdings, Inc. (RSSDID: 3680980, Location: Palo Alto, CA)
    Date Established: October 01, 2003
    WWW: http://www.avidbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 364542
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 01, 2003
    Last Structure Change Effective Date: Febuary 23, 2011
    Last Structure Change Process Date: March 09, 2011
    Last Data Update: March 09, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 400 Emerson Street, Palo Alto, CA 94301
    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 Changes
  • Name Change
  • Financial Summary
  • Total assets: $342.2 mil
    Equity capital: $33.7 mil
    Deposits held in domestic offices: $306.7 mil
    Return on assets (ROA): 1.18% ($4.0 mil)
    Quarterly return on assets: 1.69% ($5.8 mil)
    Return on Equity (ROE): 11.98% ($4.1 mil)
    Quarterly return on equity: 17.20% ($5.8 mil)
    Net income: $3.8 mil
    Quarterly Net income: $1.4 mil
    Pretax return on assets: 1.01% ($3,456.3 mil)
    Quarterly Pretax return on assets: 0.65% ($2,224.4 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, 2011)

  • Dollar figures in thousands
  • 40Total employees (full-time equivalent)
  • $342,212Total assets
  • $12,377Cash and due from depository institutions
  • $0Interest-bearing balances
  • $82,178Securities
  • $33,660Federal funds sold & reverse repurchase agreements
  • $203,588Net loans & leases
  • $4,376Loan loss allowance
  • $0Trading account assets
  • $351Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $342,212Life insurance assets
  • $10,058All other assets
  • $308,543Total liabilities and capital
  • $306,716Total liabilities
  • $233,412Total deposits
  • $306,716Interest-bearing deposits
  • $67Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,827Subordinated debt
  • $33,669All other liabilities
  • $33,669Total equity capital
  • $33,669Total bank equity capital
  • $0Perpetual preferred stock
  • $27,428Common stock
  • $7,724Surplus
  • $-1,483Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $975Income earned, not collected on loans
  • $0Earning assets
  • $1,385Long-term assets (5+ years)
  • $319,426Average Assets, year-to-date
  • $92,144Average Assets, quarterly
  • $321,936Volatile liabilities
  • $335,625Insider loans
  • $295,305FHLB advances
  • $327,278Loans and leases held for sale
  • $3,312Unused loan commitments
  • $3,312Tier 1 (core) risk-based capital
  • $33,898Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $93,262Restructured Loans and leases
  • $7,031Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,851Total interest income
  • $2,278Total interest expense
  • $12,573Net interest income
  • $435Provision for loan and lease losses
  • $618Total noninterest income
  • $0Fiduciary activities
  • $197Service charges on deposit accounts
  • $0Trading account gains & fees
  • $421Additional noninterest income
  • $9,517Total noninterest expense
  • $5,274Salaries and employee benefits
  • $1,368Premises and equipment expense
  • $2,875Additional noninterest expense
  • $3,239Pre-tax net operating income
  • $0Securities gains (losses)
  • -$572Applicable income taxes
  • $3,811Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,811Net income attributable to bank
  • $0Net charge-offs
  • $3,811Cash dividends
  • $480Sale, conversion, retirement of capital stock, net
  • $559Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.90%Yield on earning assets
  • 0.75%Cost of funding earning assets
  • 4.15%Net interest margin
  • 0.20%Noninterest income to earning assets
  • 3.14%Noninterest expense to earning assets
  • 1.18%Net operating income to assets
  • 1.18%Return on assets (ROA)
  • 1.01%Pretax return on assets
  • 11.98%Return on equity (ROE)
  • 10.22%Retained earnings to average equity (YTD only)
  • 0.25%Net charge-offs to loans
  • 90.63%Credit loss provision to net charge-offs
  • 7.65%Efficiency ratio
  • 72,148Assets per employee
  • 8.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 14.67%Loss allowance to loans
  • 2.10%Loss allowance to noncurrent loans
  • 448.82%Noncurrent assets plus other real estate owned to assets
  • 0.28%Noncurrent loans to loans
  • 0.47%Net loans and leases to deposits
  • 66.38%Net loans and leases to core deposits
  • 74.96%Equity capital to assets
  • 9.84%Core capital (leverage) ratio
  • 10.36%Tier 1 risk-based capital ratio
  • 11.48%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $321,936Average earning assets
  • $31,822Average equity
  • $303,048Average loans

List of branches

  • 1 California Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0364542Avidbank400 Emerson Street, Palo Alto, CA 94301October 01, 2003Full Service Brick and Mortar

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