Bank of America Community Development Bank - Overview
General
FDIC Certificate #: 32906 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bank of America California, National Association (#25178) Federal Reserve ID: 1443266 Date Established: April 03, 1990 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 45818 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: April 03, 1990 Last Structure Change Effective Date: September 01, 1993 Last Structure Change Process Date: September 21, 1993 Last Data Update: April 11, 1998 Data Source Date: April 05, 2012
Location
Address: 1500 Newell Avenue, Walnut Creek, CA 94596 County: Contra Costa 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): Oakland, CA (#5775) 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 Francisco-Oakland-Fremont, CA (#41860) CBSA Metro Statistical Area: San Francisco-Oakland-Fremont, CA (#41860) Core Based Statistical Division: Oakland-Fremont-Hayward, CA (#36084)
Financial Summary
Total assets: $70.7 mil
Assets and Liabilities (December 31, 1992)
Dollar figures in thousands
0Total employees (full-time equivalent)
$71Total assets
$54,548Cash and due from depository institutions
$126Interest-bearing balances
$73Securities
$0Federal funds sold & reverse repurchase agreements
$13,630Net loans & leases
$39,649Loan loss allowance
$425Trading account assets
$0Bank premises and fixed assets
$238Other real estate owned
$0Goodwill and other intangibles
$905Life insurance assets
$0All other assets
$0Total liabilities and capital
$54,548Total liabilities
$44,174Total deposits
$43,808Interest-bearing deposits
$41,917Deposits held in domestic offices
43808.00%% insured (estimated)
$7Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$366Total equity capital
$366Total bank equity capital
$10,374Perpetual preferred stock
$0Common stock
$4,000Surplus
$6,000Undivided profits
Memoranda
$374Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$840Income earned, not collected on loans
$275Earning assets
$53,352Long-term assets (5+ years)
$7,704Average Assets, year-to-date
$37,675Average Assets, quarterly
$53,976Volatile liabilities
$39,984Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$11,919Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$10,374Total risk weighted assets
$47,815Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 1992)
Dollar figures in thousands
$0Total interest income
$2,812Total interest expense
$795Net interest income
$2,017Provision for loan and lease losses
$391Total noninterest income
$3,716Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$3,716Total noninterest expense
$5,328Salaries and employee benefits
$2,821Premises and equipment expense
$361Additional noninterest expense
$2,146Pre-tax net operating income
$14Securities gains (losses)
$0Applicable income taxes
$7Income before extraordinary items
$7Extraordinary gains - net
$0Net income attributable to bank
$7Net charge-offs
$25Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1992)
Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.64%Cost of funding earning assets
2.16%Net interest margin
5.48%Noninterest income to earning assets
10.09%Noninterest expense to earning assets
14.47%Net operating income to assets
0.02%Return on assets (ROA)
0.02%Pretax return on assets
0.04%Return on equity (ROE)
0.07%Retained earnings to average equity (YTD only)
0.07%Net charge-offs to loans
0.10%Credit loss provision to net charge-offs
1564.00%Efficiency ratio
92,936Assets per employee
0.77%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.06%Loss allowance to noncurrent loans
50.60%Noncurrent assets plus other real estate owned to assets
1.54%Noncurrent loans to loans
2.10%Net loans and leases to deposits
90.51%Net loans and leases to core deposits
1036.85%Equity capital to assets
19.02%Core capital (leverage) ratio
18.90%Tier 1 risk-based capital ratio
21.70%Total risk-based capital ratio
Memoranda
$23Average assets
$37,675Average earning assets
$10,350Average equity
$36,814Average loans
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