Business First National Bank in Santa Barbara, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 13, 2007

  • Business First National Bank in Santa Barbara, California (CA)
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Business First National Bank - Overview

  • General
  • FDIC Certificate #: 35457
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Heritage Oaks Bank (#24229)
    Federal Reserve ID: 2907309
    Date Established: January 26, 2001
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 80235
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: January 26, 2001
    Last Structure Change Effective Date: October 13, 2007
    Last Structure Change Process Date: November 08, 2007
    Last Data Update: November 08, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 800 North. Milpas Street, Suite A, Santa Barbara, CA 93103
    County: Santa Barbara
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Los Angeles (West)
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Santa Barbara-Santa Maria-Lompoc, CA (#7480)
    Core Based Statistical Area (CBSA): Santa Barbara-Santa Maria-Goleta, CA (#42060)
    CBSA Metro Statistical Area: Santa Barbara-Santa Maria-Goleta, CA (#42060)
  • Financial Summary
  • Total assets: $145.9 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, 2006)

  • Dollar figures in thousands
  • 43Total employees (full-time equivalent)
  • $140,109Total assets
  • $2,921Cash and due from depository institutions
  • $0Interest-bearing balances
  • $16,342Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $116,582Net loans & leases
  • $1,381Loan loss allowance
  • $0Trading account assets
  • $1,595Bank premises and fixed assets
  • $0Other real estate owned
  • $37Goodwill and other intangibles
  • $0Life insurance assets
  • $2,632All other assets
  • $140,109Total liabilities and capital
  • $128,071Total liabilities
  • $120,049Total deposits
  • $92,199Interest-bearing deposits
  • $120,049Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $7,758Other borrowed funds
  • $0Subordinated debt
  • $264All other liabilities
  • $12,038Total equity capital
  • $12,038Total bank equity capital
  • $12,038Perpetual preferred stock
  • $0Common stock
  • $7,330Surplus
  • $7,259Undivided profits
  • Memoranda
  • $-2,551Noncurrent loans and leases
  • $36,163Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $690Average Assets, year-to-date
  • $132,924Average Assets, quarterly
  • $39,862Volatile liabilities
  • $127,835Insider loans
  • $135,068FHLB advances
  • $40,444Loans and leases held for sale
  • $6,251Unused loan commitments
  • $7,758Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $36,163Total unused commitments
  • $0Restructured Loans and leases
  • $1,425Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $8,855Total interest income
  • $3,510Total interest expense
  • $5,345Net interest income
  • $195Provision for loan and lease losses
  • $513Total noninterest income
  • $0Fiduciary activities
  • $322Service charges on deposit accounts
  • $0Trading account gains & fees
  • $191Additional noninterest income
  • $5,316Total noninterest expense
  • $2,936Salaries and employee benefits
  • $880Premises and equipment expense
  • $1,500Additional noninterest expense
  • $347Pre-tax net operating income
  • -$47Securities gains (losses)
  • $0Applicable income taxes
  • $300Income before extraordinary items
  • $0Extraordinary gains - net
  • $300Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$7Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.36%Yield on earning assets
  • 2.92%Cost of funding earning assets
  • 4.44%Net interest margin
  • 0.43%Noninterest income to earning assets
  • 4.42%Noninterest expense to earning assets
  • 0.27%Net operating income to assets
  • 0.23%Return on assets (ROA)
  • 0.23%Pretax return on assets
  • 2.58%Return on equity (ROE)
  • 2.58%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • -2785.71%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 90,748Assets per employee
  • 3.26%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.17%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 97.11%Net loans and leases to core deposits
  • 133.45%Equity capital to assets
  • 8.59%Core capital (leverage) ratio
  • 9.27%Tier 1 risk-based capital ratio
  • 9.64%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $127,835Average earning assets
  • $11,647Average equity
  • $120,380Average loans

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