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
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Bank of Commerce.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: