Bank of Commerce in San Diego, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 15, 1999

  • Bank of Commerce in San Diego, California (CA)
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Bank of Commerce - Overview

  • General
  • FDIC Certificate #: 22142
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: U.S. Bank National Association (#5134)
    Federal Reserve ID: 36063
    Date Established: October 10, 1975
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 12 (Interstate: No)
    FDIC's unique #: 15381
    Numeric code: 13
    Regulator: FED
    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: October 10, 1975
    Last Structure Change Effective Date: July 15, 1999
    Last Structure Change Process Date: July 23, 1999
    Last Data Update: July 23, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 9918 Hibert Street, Suite 101, San Diego, CA 92116
    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)
  • Financial Summary
  • Total assets: $608.4 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, 1998)

  • Dollar figures in thousands
  • 305Total employees (full-time equivalent)
  • $638,189Total assets
  • $34,609Cash and due from depository institutions
  • $275Interest-bearing balances
  • $45,401Securities
  • $86,199Federal funds sold & reverse repurchase agreements
  • $439,196Net loans & leases
  • $2,977Loan loss allowance
  • $0Trading account assets
  • $9,863Bank premises and fixed assets
  • $1,038Other real estate owned
  • $5,898Goodwill and other intangibles
  • $0Life insurance assets
  • $15,985All other assets
  • $638,189Total liabilities and capital
  • $577,156Total liabilities
  • $572,848Total deposits
  • $439,025Interest-bearing deposits
  • $572,848Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $270Other borrowed funds
  • $0Subordinated debt
  • $4,038All other liabilities
  • $61,033Total equity capital
  • $61,033Total bank equity capital
  • $61,033Perpetual preferred stock
  • $0Common stock
  • $27,732Surplus
  • $0Undivided profits
  • Memoranda
  • $33,301Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,172Earning assets
  • $0Long-term assets (5+ years)
  • $2,402Average Assets, year-to-date
  • $571,071Average Assets, quarterly
  • $30,306Volatile liabilities
  • $683,395Insider loans
  • $667,772FHLB advances
  • $47,265Loans and leases held for sale
  • $1Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $101,270Total unused commitments
  • $0Restructured Loans and leases
  • $427,111Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $57,422Total interest income
  • $21,861Total interest expense
  • $35,561Net interest income
  • $60Provision for loan and lease losses
  • $21,914Total noninterest income
  • $0Fiduciary activities
  • $1,961Service charges on deposit accounts
  • $0Trading account gains & fees
  • $19,953Additional noninterest income
  • $34,240Total noninterest expense
  • $18,714Salaries and employee benefits
  • $3,719Premises and equipment expense
  • $11,807Additional noninterest expense
  • $23,175Pre-tax net operating income
  • $0Securities gains (losses)
  • $9,933Applicable income taxes
  • $13,242Income before extraordinary items
  • $0Extraordinary gains - net
  • $13,242Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $41Sale, conversion, retirement of capital stock, net
  • $1,804Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.27%Yield on earning assets
  • 3.53%Cost of funding earning assets
  • 5.74%Net interest margin
  • 3.54%Noninterest income to earning assets
  • 5.53%Noninterest expense to earning assets
  • 1.94%Net operating income to assets
  • 1.94%Return on assets (ROA)
  • 3.39%Pretax return on assets
  • 24.63%Return on equity (ROE)
  • 21.27%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 146.34%Credit loss provision to net charge-offs
  • 566.71%Efficiency ratio
  • 59,574Assets per employee
  • 2.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 13.62%Loss allowance to loans
  • 0.67%Loss allowance to noncurrent loans
  • 254.01%Noncurrent assets plus other real estate owned to assets
  • 0.35%Noncurrent loans to loans
  • 0.27%Net loans and leases to deposits
  • 76.67%Net loans and leases to core deposits
  • 83.56%Equity capital to assets
  • 9.56%Core capital (leverage) ratio
  • 9.19%Tier 1 risk-based capital ratio
  • 14.29%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $683,395Average earning assets
  • $53,773Average equity
  • $619,589Average loans

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