Balboa Thrift and Loan Association in Chula Vista, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Balboa Thrift and Loan Association - Overview

  • General
  • FDIC Certificate #: 26704
    Status: Active
    Federal Reserve ID: 696168
    Date Established: December 11, 1980
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 35769
    Numeric code: 23
    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: Consumer Lending Specialization
    Date of Deposit Insurance: July 03, 1986
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 865 Amena Court, Chula Vista, CA 91910
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $197.8 mil
    Equity capital: $25.3 mil
    Deposits held in domestic offices: $171.8 mil
    Return on assets (ROA): 2.23% ($4.4 mil)
    Quarterly return on assets: 2.32% ($4.6 mil)
    Return on Equity (ROE): 18.83% ($4.7 mil)
    Quarterly return on equity: 18.27% ($4.6 mil)
    Net income: $4.5 mil
    Quarterly Net income: $1.1 mil
    Pretax return on assets: 3.83% ($7,577.2 mil)
    Quarterly Pretax return on assets: 3.98% ($7,874.0 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
  • 83Total employees (full-time equivalent)
  • $197,838Total assets
  • $13,955Cash and due from depository institutions
  • $4,159Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $179,569Net loans & leases
  • $4,808Loan loss allowance
  • $0Trading account assets
  • $429Bank premises and fixed assets
  • $764Other real estate owned
  • $0Goodwill and other intangibles
  • $197,838Life insurance assets
  • $3,121All other assets
  • $172,531Total liabilities and capital
  • $171,843Total liabilities
  • $170,423Total deposits
  • $171,843Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $688Subordinated debt
  • $25,307All other liabilities
  • $25,307Total equity capital
  • $25,307Total bank equity capital
  • $0Perpetual preferred stock
  • $3,628Common stock
  • $0Surplus
  • $21,679Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,193Income earned, not collected on loans
  • $0Earning assets
  • $1,323Long-term assets (5+ years)
  • $183,728Average Assets, year-to-date
  • $64,282Average Assets, quarterly
  • $199,634Volatile liabilities
  • $197,866Insider loans
  • $187,304FHLB advances
  • $199,392Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $25,307Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,409Restructured Loans and leases
  • $163Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $20,832Total interest income
  • $2,586Total interest expense
  • $18,246Net interest income
  • $2,114Provision for loan and lease losses
  • $450Total noninterest income
  • $0Fiduciary activities
  • $1Service charges on deposit accounts
  • $0Trading account gains & fees
  • $449Additional noninterest income
  • $8,943Total noninterest expense
  • $4,634Salaries and employee benefits
  • $561Premises and equipment expense
  • $3,748Additional noninterest expense
  • $7,639Pre-tax net operating income
  • $0Securities gains (losses)
  • $3,182Applicable income taxes
  • $4,457Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,457Net income attributable to bank
  • $0Net charge-offs
  • $4,457Cash dividends
  • $2,709Sale, conversion, retirement of capital stock, net
  • $750Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 11.21%Yield on earning assets
  • 1.39%Cost of funding earning assets
  • 9.82%Net interest margin
  • 0.24%Noninterest income to earning assets
  • 4.81%Noninterest expense to earning assets
  • 2.23%Net operating income to assets
  • 2.23%Return on assets (ROA)
  • 3.83%Pretax return on assets
  • 18.83%Return on equity (ROE)
  • 15.66%Retained earnings to average equity (YTD only)
  • 1.46%Net charge-offs to loans
  • 78.04%Credit loss provision to net charge-offs
  • 3.60%Efficiency ratio
  • 47,834Assets per employee
  • 2.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 16.83%Loss allowance to loans
  • 2.61%Loss allowance to noncurrent loans
  • 219.24%Noncurrent assets plus other real estate owned to assets
  • 1.49%Noncurrent loans to loans
  • 1.19%Net loans and leases to deposits
  • 104.50%Net loans and leases to core deposits
  • 112.15%Equity capital to assets
  • 12.79%Core capital (leverage) ratio
  • 12.69%Tier 1 risk-based capital ratio
  • 13.51%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $199,634Average earning assets
  • $23,671Average equity
  • $185,867Average loans

List of branches

  • 4 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    035769Balboa Thrift And Loan Association865 Amena Court, Chula Vista, CA 91910December 11, 1980Full Service Brick and Mortar
    1260014Claremont Branch306 Yale Avenue, Claremont, CA 91711May 05, 1997Full Service Brick and Mortar
    3364737La Quinta Branch79-440 Corporate Center, Suite 105, La Quinta, CA 92253September 03, 2002Full Service Brick and Mortar
    4442610Fresno Branch7060 N. Marks Avenue, Suite 107, Fresno, CA 93711July 11, 2005Full Service Brick and Mortar

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