Bank of Los Altos in Los Altos, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2003

  • Bank of Los Altos in Los Altos, California (CA)
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Bank of Los Altos - Overview

  • General
  • FDIC Certificate #: 22176
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Heritage Bank of Commerce (#33905)
    Federal Reserve ID: 455561
    Date Established: December 04, 1975
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Interstate: No)
    OTS Docket #: 14533
    FDIC's unique #: 15407
    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: December 04, 1975
    Last Structure Change Effective Date: January 01, 2003
    Last Structure Change Process Date: Febuary 10, 2003
    Last Data Update: Febuary 10, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 4546 El Camino Real, Suite A9, Los Altos, CA 94022
    County: Santa Clara
    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): San Jose, CA (#7400)
    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 Jose-Sunnyvale-Santa Clara, CA (#41940)
    CBSA Metro Statistical Area: San Jose-Sunnyvale-Santa Clara, CA (#41940)
  • Financial Summary
  • Total assets: $269.8 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, 2002)

  • Dollar figures in thousands
  • 62Total employees (full-time equivalent)
  • $269,839Total assets
  • $13,590Cash and due from depository institutions
  • $4,138Interest-bearing balances
  • $54,758Securities
  • $5,200Federal funds sold & reverse repurchase agreements
  • $185,929Net loans & leases
  • $3,235Loan loss allowance
  • $0Trading account assets
  • $1,375Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $8,987All other assets
  • $269,839Total liabilities and capital
  • $244,119Total liabilities
  • $239,835Total deposits
  • $200,958Interest-bearing deposits
  • $239,835Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $4,284All other liabilities
  • $25,720Total equity capital
  • $25,720Total bank equity capital
  • $25,720Perpetual preferred stock
  • $0Common stock
  • $5,081Surplus
  • $6,036Undivided profits
  • Memoranda
  • $14,603Noncurrent loans and leases
  • $82,491Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,609Earning assets
  • $0Long-term assets (5+ years)
  • $1,154Average Assets, year-to-date
  • $250,025Average Assets, quarterly
  • $22,826Volatile liabilities
  • $265,009Insider loans
  • $264,061FHLB advances
  • $34,863Loans and leases held for sale
  • $4,054Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $82,491Total unused commitments
  • $0Restructured Loans and leases
  • $2,989Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $14,715Total interest income
  • $3,026Total interest expense
  • $11,689Net interest income
  • $815Provision for loan and lease losses
  • $1,994Total noninterest income
  • $0Fiduciary activities
  • $357Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,637Additional noninterest income
  • $9,016Total noninterest expense
  • $5,500Salaries and employee benefits
  • $1,427Premises and equipment expense
  • $2,089Additional noninterest expense
  • $3,852Pre-tax net operating income
  • $414Securities gains (losses)
  • $1,390Applicable income taxes
  • $2,876Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,876Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $289Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.97%Yield on earning assets
  • 1.23%Cost of funding earning assets
  • 4.74%Net interest margin
  • 0.81%Noninterest income to earning assets
  • 3.66%Noninterest expense to earning assets
  • 0.98%Net operating income to assets
  • 1.09%Return on assets (ROA)
  • 1.61%Pretax return on assets
  • 11.88%Return on equity (ROE)
  • 11.88%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 282.01%Credit loss provision to net charge-offs
  • 16.15%Efficiency ratio
  • 65,892Assets per employee
  • 4.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.71%Loss allowance to noncurrent loans
  • 123.99%Noncurrent assets plus other real estate owned to assets
  • 0.97%Noncurrent loans to loans
  • 1.38%Net loans and leases to deposits
  • 77.52%Net loans and leases to core deposits
  • 90.71%Equity capital to assets
  • 9.53%Core capital (leverage) ratio
  • 9.42%Tier 1 risk-based capital ratio
  • 10.58%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $265,009Average earning assets
  • $24,202Average equity
  • $246,549Average loans

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