FDIC Certificate #: 58897 Status: Inactive Federal Reserve ID: 3831447 Date Established: November 07, 2008 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 476659 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: November 07, 2008 Last Structure Change Effective Date: September 21, 2009 Last Structure Change Process Date: October 26, 2009 Last Data Update: October 26, 2009 Data Source Date: April 05, 2012
Location
Address: 143 Fifth Street, Oxnard, CA 93030 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)
History of Changes
Other Liquidations and Closings
Change in Insurance Status
Financial Summary
Total assets: $16.2 mil
Assets and Liabilities (December 31, 2008)
Dollar figures in thousands
24Total employees (full-time equivalent)
$9,901Total assets
$408Cash and due from depository institutions
$0Interest-bearing balances
$5,036Securities
$2,515Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$1,695Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$247All other assets
$9,900Total liabilities and capital
$1,128Total liabilities
$788Total deposits
$616Interest-bearing deposits
$788Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$340All other liabilities
$8,772Total equity capital
$8,772Total bank equity capital
$8,772Perpetual preferred stock
$0Common stock
$13,295Surplus
$0Undivided profits
Memoranda
$-4,523Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$7Average Assets, year-to-date
$7,551Average Assets, quarterly
$1,008Volatile liabilities
$9,901Insider loans
$9,901FHLB advances
$240Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$257Total interest income
$2Total interest expense
$255Net interest income
$0Provision for loan and lease losses
$17Total noninterest income
$0Fiduciary activities
$4Service charges on deposit accounts
$0Trading account gains & fees
$13Additional noninterest income
$4,831Total noninterest expense
$1,239Salaries and employee benefits
$747Premises and equipment expense
$2,845Additional noninterest expense
-$4,559Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$4,559Income before extraordinary items
$0Extraordinary gains - net
-$4,559Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.40%Yield on earning assets
0.03%Cost of funding earning assets
3.38%Net interest margin
0.23%Noninterest income to earning assets
63.98%Noninterest expense to earning assets
-46.05%Net operating income to assets
-46.05%Return on assets (ROA)
-46.05%Pretax return on assets
-51.97%Return on equity (ROE)
-51.97%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
1,776,103Assets per employee
0.41%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
88.60%Core capital (leverage) ratio
150.13%Tier 1 risk-based capital ratio
250.46%Total risk-based capital ratio
Memoranda
$250Average assets
$9,901Average earning assets
$8,772Average equity
$7,551Average loans
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