FDIC Certificate #: 27171 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Bank & Trust (#20233) Federal Reserve ID: 1165559 Date Established: Febuary 16, 1988 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 15925 FDIC's unique #: 39005 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: Febuary 16, 1988 Last Structure Change Effective Date: August 31, 2000 Last Structure Change Process Date: October 10, 2000 Last Data Update: October 10, 2000 Data Source Date: April 05, 2012
Location
Address: 5808 East Telephone Road, Ventura, CA 93003 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)
Financial Summary
Total assets: $65.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
30Total employees (full-time equivalent)
$67,414Total assets
$4,157Cash and due from depository institutions
$2,238Interest-bearing balances
$14,156Securities
$6,500Federal funds sold & reverse repurchase agreements
$40,824Net loans & leases
$556Loan loss allowance
$0Trading account assets
$1,253Bank premises and fixed assets
$0Other real estate owned
$9Goodwill and other intangibles
$0Life insurance assets
$515All other assets
$67,414Total liabilities and capital
$61,913Total liabilities
$61,663Total deposits
$45,280Interest-bearing deposits
$61,663Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$250All other liabilities
$5,501Total equity capital
$5,501Total bank equity capital
$5,501Perpetual preferred stock
$0Common stock
$2,357Surplus
$2,310Undivided profits
Memoranda
$834Noncurrent loans and leases
$8,462Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$126Earning assets
$0Long-term assets (5+ years)
$219Average Assets, year-to-date
$63,718Average Assets, quarterly
$10,730Volatile liabilities
$60,876Insider loans
$64,008FHLB advances
$7,699Loans and leases held for sale
$868Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,861Total risk weighted assets
$8,462Total unused commitments
$0Restructured Loans and leases
$556Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$4,659Total interest income
$1,380Total interest expense
$3,279Net interest income
$28Provision for loan and lease losses
$915Total noninterest income
$0Fiduciary activities
$205Service charges on deposit accounts
$0Trading account gains & fees
$710Additional noninterest income
$2,913Total noninterest expense
$1,708Salaries and employee benefits
$283Premises and equipment expense
$922Additional noninterest expense
$1,253Pre-tax net operating income
$0Securities gains (losses)
$510Applicable income taxes
$743Income before extraordinary items
$0Extraordinary gains - net
$743Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$22Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.36%Yield on earning assets
2.48%Cost of funding earning assets
5.89%Net interest margin
1.64%Noninterest income to earning assets
5.23%Noninterest expense to earning assets
1.22%Net operating income to assets
1.22%Return on assets (ROA)
2.06%Pretax return on assets
14.54%Return on equity (ROE)
14.54%Retained earnings to average equity (YTD only)
0.06%Net charge-offs to loans
127.27%Credit loss provision to net charge-offs
58.23%Efficiency ratio
69,456Assets per employee
2.25%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.34%Loss allowance to noncurrent loans
441.27%Noncurrent assets plus other real estate owned to assets
0.19%Noncurrent loans to loans
0.30%Net loans and leases to deposits
66.21%Net loans and leases to core deposits
75.65%Equity capital to assets
8.16%Core capital (leverage) ratio
8.81%Tier 1 risk-based capital ratio
10.41%Total risk-based capital ratio
Memoranda
$11Average assets
$60,876Average earning assets
$5,112Average equity
$55,697Average loans
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