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

This bank is inactive as of July 06, 2010

  • Bank of Willits in Willits, California (CA)
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Bank of Willits - Overview

  • General
  • FDIC Certificate #: 11647
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Savings Bank of Mendocino County (#8011)
    Federal Reserve ID: 90467
    Date Established: April 11, 1904
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 7444
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: July 06, 2010
    Last Structure Change Process Date: July 16, 2010
    Last Data Update: July 16, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 145 South Main Street, Willits, CA 95490
    County: Mendocino
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Sacramento
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Ukiah, CA (#46380)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $132.6 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, 2009)

  • Dollar figures in thousands
  • 31Total employees (full-time equivalent)
  • $132,447Total assets
  • $27,789Cash and due from depository institutions
  • $25,877Interest-bearing balances
  • $42,115Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $56,983Net loans & leases
  • $1,196Loan loss allowance
  • $0Trading account assets
  • $762Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $3,058Life insurance assets
  • $4,798All other assets
  • $132,447Total liabilities and capital
  • $112,007Total liabilities
  • $111,416Total deposits
  • $93,391Interest-bearing deposits
  • $111,416Deposits held in domestic offices
  • 87.41%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $591All other liabilities
  • $20,440Total equity capital
  • $20,440Total bank equity capital
  • $20,440Perpetual preferred stock
  • $0Common stock
  • $200Surplus
  • $1,300Undivided profits
  • Memoranda
  • $18,940Noncurrent loans and leases
  • $2,375Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,524Earning assets
  • $0Long-term assets (5+ years)
  • $601Average Assets, year-to-date
  • $124,975Average Assets, quarterly
  • $26,437Volatile liabilities
  • $129,212Insider loans
  • $133,308FHLB advances
  • $20,876Loans and leases held for sale
  • $483Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,375Total unused commitments
  • $1,517Restructured Loans and leases
  • $990Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $6,160Total interest income
  • $1,674Total interest expense
  • $4,486Net interest income
  • $0Provision for loan and lease losses
  • $480Total noninterest income
  • $0Fiduciary activities
  • $217Service charges on deposit accounts
  • $0Trading account gains & fees
  • $263Additional noninterest income
  • $3,624Total noninterest expense
  • $2,300Salaries and employee benefits
  • $217Premises and equipment expense
  • $1,107Additional noninterest expense
  • $1,342Pre-tax net operating income
  • -$48Securities gains (losses)
  • $354Applicable income taxes
  • $940Income before extraordinary items
  • $0Extraordinary gains - net
  • $940Net income attributable to bank
  • $0Net charge-offs
  • $940Cash dividends
  • -$5Sale, conversion, retirement of capital stock, net
  • $584Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.08%Yield on earning assets
  • 1.38%Cost of funding earning assets
  • 3.70%Net interest margin
  • 0.40%Noninterest income to earning assets
  • 2.99%Noninterest expense to earning assets
  • 0.75%Net operating income to assets
  • 0.73%Return on assets (ROA)
  • 1.00%Pretax return on assets
  • 4.69%Return on equity (ROE)
  • 1.77%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 72,976Assets per employee
  • 4.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 62.13%Loss allowance to loans
  • 2.06%Loss allowance to noncurrent loans
  • 47.39%Noncurrent assets plus other real estate owned to assets
  • 1.91%Noncurrent loans to loans
  • 4.34%Net loans and leases to deposits
  • 51.14%Net loans and leases to core deposits
  • 62.94%Equity capital to assets
  • 15.43%Core capital (leverage) ratio
  • 15.18%Tier 1 risk-based capital ratio
  • 25.43%Total risk-based capital ratio
  • Memoranda
  • $27Average assets
  • $129,212Average earning assets
  • $20,058Average equity
  • $121,310Average loans

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