Bay Commercial Bank in Walnut Creek, California (CA)



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Table of contents:
Bay Commercial Bank
GeneralFDIC Certificate #: 57716
Status: Active
Federal Reserve ID: 3281510
Date Established: July 20, 2004
WWW: http://www.baycommercialbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 4 (Domestic: 4, Interstate: No)
FDIC's unique #: 422931
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: July 20, 2004
Last Structure Change Effective Date: October 19, 2011
Last Structure Change Process Date: December 05, 2011
Last Data Update: December 05, 2011
Data Source Date: April 05, 2012
LocationAddress: 1280 Civic Drive, Suite 100, Walnut Creek, CA 94596
County: Contra Costa
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): Oakland, CA (#5775)
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: Oakland-Fremont-Hayward, CA (#36084)
History of ChangesParticipated in Absorption/Consolidation/Merger
Financial SummaryTotal assets: $269.6 mil
Equity capital: $48.5 mil
Deposits held in domestic offices: $219.8 mil
Return on assets (ROA): 3.80% ($10.3 mil)
Quarterly return on assets: 11.89% ($32.1 mil)
Return on Equity (ROE): 19.97% ($9.8 mil)
Quarterly return on equity: 65.93% ($32.3 mil)
Net income: $7.3 mil
Quarterly Net income: $6.8 mil
Pretax return on assets: 3.81% ($10,272.2 mil)
Quarterly Pretax return on assets: 11.32% ($30,520.0 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)41
Total assets$269,611
Cash and due from depository institutions$50,901
Interest-bearing balances$48,141
Securities$0
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$209,668
Loan loss allowance $2,450
Trading account assets$0
Bank premises and fixed assets$710
Other real estate owned$900
Goodwill and other intangibles$236
All other assets$7,196
Life insurance assets$269,611
Total liabilities and capital$221,094
Total liabilities$219,815
Total deposits$192,243
Interest-bearing deposits$219,815
Deposits held in domestic offices$85
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,279
All other liabilities $48,517
Total equity capital$48,517
Total bank equity capital$48,517
Perpetual preferred stock$0
Common stock$41,184
Surplus$286
Undivided profits $7,047
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,355
Earning assets $0
Long-term assets (5+ years) $738
Average Assets, year-to-date $257,809
Average Assets, quarterly $70,386
Volatile liabilities $192,627
Insider loans $228,824
FHLB advances $222,254
Loans and leases held for sale $225,484
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $46,391
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $32,081
Derivatives$8,048
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $10,323
Total interest expense $1,664
Net interest income $8,659
Provision for loan and lease losses $1,687
Total noninterest income $7,922
Fiduciary activities $0
Service charges on deposit accounts $337
Trading account gains & fees $0
Additional noninterest income $7,585
Total noninterest expense $7,561
Salaries and employee benefits $4,043
Premises and equipment expense $748
Additional noninterest expense $2,770
Pre-tax net operating income $7,333
Securities gains (losses) $0
Applicable income taxes $19
Income before extraordinary items $7,314
Extraordinary gains - net $0
Net income attributable to bank $7,314
Net charge-offs $0
Cash dividends $7,314
Sale, conversion, retirement of capital stock, net $1,602
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.60%
Cost of funding earning assets 0.90%
Net interest margin 4.70%
Noninterest income to earning assets 4.30%
Noninterest expense to earning assets 4.10%
Net operating income to assets 3.80%
Return on assets (ROA) 3.80%
Pretax return on assets 3.81%
Return on equity (ROE) 19.97%
Retained earnings to average equity (YTD only) 19.97%
Net charge-offs to loans 1.02%
Credit loss provision to net charge-offs 105.31%
Efficiency ratio5.63%
Assets per employee$45,058
Cash dividends to net income (YTD only)6.58%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.16%
Noncurrent assets plus other real estate owned to assets 180.81%
Noncurrent loans to loans 0.84%
Net loans and leases to deposits0.64%
Net loans and leases to core deposits 95.38%
Equity capital to assets 119.76%
Core capital (leverage) ratio 18.00%
Tier 1 risk-based capital ratio 20.57%
Total risk-based capital ratio 20.87%
Memoranda
Average assets$22
Average earning assets$192,627
Average equity $36,623
Average loans $184,390
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4 California Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0422931Bay Commercial Bank1280 Civic Drive, Suite 100, Walnut Creek, CA 94596July 20, 2004Full Service Brick and Mortar
1430037Oakland Branch155 Grand Avenue, Oakland, CA 94612July 20, 2004Full Service Brick and Mortar
2286977Castro Valley Branch3895 E. Castro Valley Blvd, Castro Valley, CA 94552June 30, 1989Full Service Brick and Mortar
3468941Mountain View Branch700 E. El Camino Real, Suite 300, Mountain View, CA 94040December 03, 2008Full Service Brick and Mortar
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