Borrego Springs Bank, National Association in La Mesa, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Borrego Springs Bank, National Association - Overview

  • General
  • FDIC Certificate #: 24080
    Status: Active
    Federal Reserve ID: 962265
    Bank Holding Company (Regulatory Top Holder): American Heritage Holdings (RSSDID: 3372931, Location: La Mesa, CA)
    Date Established: November 01, 1982
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 9729
    FDIC's unique #: 16786
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 01, 1982
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 7777 Alvarado Road, Suite 515, La Mesa, CA 91942
    County: San Diego
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Orange
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): San Diego, CA (#7320)
    Core Based Statistical Area (CBSA): San Diego-Carlsbad-San Marcos, CA (#41740)
    CBSA Metro Statistical Area: San Diego-Carlsbad-San Marcos, CA (#41740)
  • History of Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $131.3 mil
    Equity capital: $13.0 mil
    Deposits held in domestic offices: $114.9 mil
    Return on assets (ROA): 0.75% ($1.0 mil)
    Quarterly return on assets: 0.67% ($0.9 mil)
    Return on Equity (ROE): 8.15% ($1.1 mil)
    Quarterly return on equity: 6.85% ($0.9 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.96% ($1,260.5 mil)
    Quarterly Pretax return on assets: 0.97% ($1,273.6 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, 2011)

  • Dollar figures in thousands
  • 79Total employees (full-time equivalent)
  • $131,298Total assets
  • $13,796Cash and due from depository institutions
  • $12,314Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $92,084Net loans & leases
  • $3,558Loan loss allowance
  • $0Trading account assets
  • $405Bank premises and fixed assets
  • $4,129Other real estate owned
  • $2,613Goodwill and other intangibles
  • $131,298Life insurance assets
  • $18,271All other assets
  • $118,273Total liabilities and capital
  • $114,894Total liabilities
  • $100,632Total deposits
  • $114,894Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $3,379Subordinated debt
  • $13,025All other liabilities
  • $13,025Total equity capital
  • $13,025Total bank equity capital
  • $0Perpetual preferred stock
  • $2,956Common stock
  • $3,990Surplus
  • $6,079Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $916Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $12,404Income earned, not collected on loans
  • $11,307Earning assets
  • $478Long-term assets (5+ years)
  • $104,398Average Assets, year-to-date
  • $3,359Average Assets, quarterly
  • $137,947Volatile liabilities
  • $132,530Insider loans
  • $106,577FHLB advances
  • $136,564Loans and leases held for sale
  • $4,322Unused loan commitments
  • $2,997Tier 1 (core) risk-based capital
  • $12,525Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,325Total unused commitments
  • $1,521Restructured Loans and leases
  • $10Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,070Total interest income
  • $1,438Total interest expense
  • $5,632Net interest income
  • $2,500Provision for loan and lease losses
  • $9,741Total noninterest income
  • $0Fiduciary activities
  • $96Service charges on deposit accounts
  • $0Trading account gains & fees
  • $9,645Additional noninterest income
  • $11,637Total noninterest expense
  • $7,335Salaries and employee benefits
  • $1,358Premises and equipment expense
  • $2,944Additional noninterest expense
  • $1,236Pre-tax net operating income
  • $92Securities gains (losses)
  • $296Applicable income taxes
  • $1,032Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,032Net income attributable to bank
  • $0Net charge-offs
  • $1,032Cash dividends
  • $1,699Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.24%Yield on earning assets
  • 1.27%Cost of funding earning assets
  • 4.97%Net interest margin
  • 8.60%Noninterest income to earning assets
  • 10.27%Noninterest expense to earning assets
  • 0.70%Net operating income to assets
  • 0.75%Return on assets (ROA)
  • 0.96%Pretax return on assets
  • 8.15%Return on equity (ROE)
  • 8.15%Retained earnings to average equity (YTD only)
  • 1.65%Net charge-offs to loans
  • 147.15%Credit loss provision to net charge-offs
  • 2.20%Efficiency ratio
  • 75,698Assets per employee
  • 1.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.72%Loss allowance to noncurrent loans
  • 28.68%Noncurrent assets plus other real estate owned to assets
  • 12.59%Noncurrent loans to loans
  • 12.97%Net loans and leases to deposits
  • 80.15%Net loans and leases to core deposits
  • 102.48%Equity capital to assets
  • 9.92%Core capital (leverage) ratio
  • 9.17%Tier 1 risk-based capital ratio
  • 11.75%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $137,947Average earning assets
  • $12,668Average equity
  • $113,284Average loans

List of branches

  • 4 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016786Borrego Springs Bank, National Association7777 Alvarado Road, Suite 515, La Mesa, CA 91942November 01, 1982Full Service Brick and Mortar
    3256926La Mesa7777 Alvarado Rd, Ste 114, La Mesa, CA 91942April 07, 1997Full Service Brick and Mortar
    4256927Viejas Branch5005 Willows Road, Suite 212, Alpine, CA 91901May 13, 1998Full Service Brick and Mortar
    5440223Borrego Springs Branch587 Palm Canyon Drive, Suite 101, Borrego Springs, CA 92004April 15, 2005Full Service Brick and Mortar

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