Bay Area Bank in Redwood City, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 02, 2004

  • Bay Area Bank in Redwood City, California (CA)
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Bay Area Bank - Overview

  • General
  • FDIC Certificate #: 22984
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Greater Bay Bank, National Association (#27068)
    Federal Reserve ID: 678865
    Date Established: November 19, 1979
    WWW: http://www.bayareabank.com
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    OTS Docket #: 11406
    FDIC's unique #: 16085
    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: November 19, 1979
    Last Structure Change Effective Date: Febuary 02, 2004
    Last Structure Change Process Date: Febuary 26, 2004
    Last Data Update: Febuary 26, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 900 Veterans Boulevard, Redwood City, CA 94063
    County: San Mateo
    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 Francisco, CA (#7360)
    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 Francisco-Oakland-Fremont, CA (#41860)
    CBSA Metro Statistical Area: San Francisco-Oakland-Fremont, CA (#41860)
    Core Based Statistical Division: San Francisco-San Mateo-Redwood City, CA (#41884)
  • Financial Summary
  • Total assets: $339.4 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, 2003)

  • Dollar figures in thousands
  • 19Total employees (full-time equivalent)
  • $339,394Total assets
  • $18,551Cash and due from depository institutions
  • $109Interest-bearing balances
  • $179,339Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $124,125Net loans & leases
  • $6,058Loan loss allowance
  • $0Trading account assets
  • $776Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $16,603All other assets
  • $339,394Total liabilities and capital
  • $314,516Total liabilities
  • $190,134Total deposits
  • $171,846Interest-bearing deposits
  • $190,134Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $38,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $75,000Other borrowed funds
  • $0Subordinated debt
  • $11,382All other liabilities
  • $24,878Total equity capital
  • $24,878Total bank equity capital
  • $24,878Perpetual preferred stock
  • $0Common stock
  • $4,233Surplus
  • $3,000Undivided profits
  • Memoranda
  • $17,645Noncurrent loans and leases
  • $39,717Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $833Earning assets
  • $0Long-term assets (5+ years)
  • $1,489Average Assets, year-to-date
  • $303,573Average Assets, quarterly
  • $110,550Volatile liabilities
  • $385,689Insider loans
  • $367,907FHLB advances
  • $152,419Loans and leases held for sale
  • $250Unused loan commitments
  • $75,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $218Total risk weighted assets
  • $39,717Total unused commitments
  • $0Restructured Loans and leases
  • $2,307Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $18,127Total interest income
  • $4,118Total interest expense
  • $14,009Net interest income
  • $2,536Provision for loan and lease losses
  • $2,017Total noninterest income
  • $0Fiduciary activities
  • $362Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,655Additional noninterest income
  • $7,389Total noninterest expense
  • $835Salaries and employee benefits
  • $601Premises and equipment expense
  • $5,953Additional noninterest expense
  • $6,101Pre-tax net operating income
  • $582Securities gains (losses)
  • $2,530Applicable income taxes
  • $4,153Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,153Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $2,508Sale, conversion, retirement of capital stock, net
  • $1,857Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.14%Yield on earning assets
  • 1.17%Cost of funding earning assets
  • 3.98%Net interest margin
  • 0.57%Noninterest income to earning assets
  • 2.10%Noninterest expense to earning assets
  • 0.98%Net operating income to assets
  • 1.08%Return on assets (ROA)
  • 1.73%Pretax return on assets
  • 16.63%Return on equity (ROE)
  • 9.19%Retained earnings to average equity (YTD only)
  • 1.54%Net charge-offs to loans
  • 101.12%Credit loss provision to net charge-offs
  • 3.44%Efficiency ratio
  • 46,106Assets per employee
  • 17.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 44.71%Loss allowance to loans
  • 4.65%Loss allowance to noncurrent loans
  • 727.25%Noncurrent assets plus other real estate owned to assets
  • 0.25%Noncurrent loans to loans
  • 0.64%Net loans and leases to deposits
  • 65.28%Net loans and leases to core deposits
  • 82.36%Equity capital to assets
  • 7.33%Core capital (leverage) ratio
  • 7.45%Tier 1 risk-based capital ratio
  • 15.33%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $385,689Average earning assets
  • $24,972Average equity
  • $352,325Average loans

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