Bay Commercial Bank in Walnut Creek, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Bay Commercial Bank in Walnut Creek, California (CA)
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Bay Commercial Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total 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
  • 41Total employees (full-time equivalent)
  • $269,611Total assets
  • $50,901Cash and due from depository institutions
  • $48,141Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $209,668Net loans & leases
  • $2,450Loan loss allowance
  • $0Trading account assets
  • $710Bank premises and fixed assets
  • $900Other real estate owned
  • $236Goodwill and other intangibles
  • $269,611Life insurance assets
  • $7,196All other assets
  • $221,094Total liabilities and capital
  • $219,815Total liabilities
  • $192,243Total deposits
  • $219,815Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,279Subordinated debt
  • $48,517All other liabilities
  • $48,517Total equity capital
  • $48,517Total bank equity capital
  • $0Perpetual preferred stock
  • $41,184Common stock
  • $286Surplus
  • $7,047Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,355Income earned, not collected on loans
  • $0Earning assets
  • $738Long-term assets (5+ years)
  • $257,809Average Assets, year-to-date
  • $70,386Average Assets, quarterly
  • $192,627Volatile liabilities
  • $228,824Insider loans
  • $222,254FHLB advances
  • $225,484Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $46,391Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $32,081Restructured Loans and leases
  • $8,048Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,323Total interest income
  • $1,664Total interest expense
  • $8,659Net interest income
  • $1,687Provision for loan and lease losses
  • $7,922Total noninterest income
  • $0Fiduciary activities
  • $337Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7,585Additional noninterest income
  • $7,561Total noninterest expense
  • $4,043Salaries and employee benefits
  • $748Premises and equipment expense
  • $2,770Additional noninterest expense
  • $7,333Pre-tax net operating income
  • $0Securities gains (losses)
  • $19Applicable income taxes
  • $7,314Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,314Net income attributable to bank
  • $0Net charge-offs
  • $7,314Cash dividends
  • $1,602Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.60%Yield on earning assets
  • 0.90%Cost of funding earning assets
  • 4.70%Net interest margin
  • 4.30%Noninterest income to earning assets
  • 4.10%Noninterest expense to earning assets
  • 3.80%Net operating income to assets
  • 3.80%Return on assets (ROA)
  • 3.81%Pretax return on assets
  • 19.97%Return on equity (ROE)
  • 19.97%Retained earnings to average equity (YTD only)
  • 1.02%Net charge-offs to loans
  • 105.31%Credit loss provision to net charge-offs
  • 5.63%Efficiency ratio
  • 45,058Assets per employee
  • 6.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.16%Loss allowance to noncurrent loans
  • 180.81%Noncurrent assets plus other real estate owned to assets
  • 0.84%Noncurrent loans to loans
  • 0.64%Net loans and leases to deposits
  • 95.38%Net loans and leases to core deposits
  • 119.76%Equity capital to assets
  • 18.00%Core capital (leverage) ratio
  • 20.57%Tier 1 risk-based capital ratio
  • 20.87%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $192,627Average earning assets
  • $36,623Average equity
  • $184,390Average loans

List of branches

  • 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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