California Oaks State Bank in Thousand Oaks, California (CA)

Show street view No street view available for this location
Table of contents:
California Oaks State Bank
GeneralFDIC Certificate #: 34579
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: California United Bank (#57904)
Federal Reserve ID: 2580645
Date Established: Febuary 09, 1998
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 60638
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: Febuary 09, 1998
Last Structure Change Effective Date: December 31, 2010
Last Structure Change Process Date: January 11, 2011
Last Data Update: January 11, 2011
Data Source Date: April 05, 2012
LocationAddress: 50 West Hillcrest Drive, Thousand Oaks, CA 91360
County: Ventura
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): Ventura, CA (#8735)
Consolidated Metropolitan Statistical Area (CMSA): Los Angeles-Riverside-Orange County, CA (#49)
Combined Statistical Area (CSA): Los Angeles-Long Beach-Riverside, CA (#348)
Core Based Statistical Area (CBSA): Oxnard-Thousand Oaks-Ventura, CA (#37100)
CBSA Metro Statistical Area: Oxnard-Thousand Oaks-Ventura, CA (#37100)
Financial SummaryTotal assets: $137.5 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, 2009)
(Dollar figures in thousands)
Total employees (full-time equivalent)27
Total assets$125,427
Cash and due from depository institutions$19,996
Interest-bearing balances$14,736
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$97,692
Loan loss allowance $1,940
Trading account assets$0
Bank premises and fixed assets$462
Other real estate owned$0
Goodwill and other intangibles$22
All other assets$5,767
Life insurance assets$2,441
Total liabilities and capital$125,427
Total liabilities$108,570
Total deposits$97,121
Interest-bearing deposits$67,637
Deposits held in domestic offices$97,121
% insured (estimated)87.92%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $11,000
Subordinated debt $0
All other liabilities $449
Total equity capital$16,857
Total bank equity capital$16,857
Perpetual preferred stock$16,857
Common stock$3,316
Undivided profits $431
Noncurrent loans and leases $-1,671
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $14,601
Income earned, not collected on loans $0
Earning assets $1,356
Long-term assets (5+ years) $458
Average Assets, year-to-date $351
Average Assets, quarterly $113,916
Volatile liabilities $28,681
Insider loans $126,088
FHLB advances $127,834
Loans and leases held for sale $21,799
Unused loan commitments $328
Tier 1 (core) risk-based capital $11,000
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $14,601
Restructured Loans and leases $0
Back to page top, Back to table top

Income and Expense (December 31, 2009)
(Dollar figures in thousands)
Total interest income $6,637
Total interest expense $1,575
Net interest income $5,062
Provision for loan and lease losses $686
Total noninterest income $1,101
Fiduciary activities $0
Service charges on deposit accounts $524
Trading account gains & fees $0
Additional noninterest income $577
Total noninterest expense $5,814
Salaries and employee benefits $2,613
Premises and equipment expense $966
Additional noninterest expense $2,235
Pre-tax net operating income -$337
Securities gains (losses) $73
Applicable income taxes $299
Income before extraordinary items -$563
Extraordinary gains - net $0
Net income attributable to bank -$563
Net charge-offs $0
Cash dividends -$563
Sale, conversion, retirement of capital stock, net $1,091
Net operating income $146
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2009)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.88%
Cost of funding earning assets 1.39%
Net interest margin 4.48%
Noninterest income to earning assets 0.97%
Noninterest expense to earning assets 5.15%
Net operating income to assets -0.50%
Return on assets (ROA) -0.45%
Pretax return on assets -0.21%
Return on equity (ROE) -3.36%
Retained earnings to average equity (YTD only) -4.23%
Net charge-offs to loans 1.07%
Credit loss provision to net charge-offs 62.88%
Efficiency ratio0.32%
Assets per employee$94,337
Cash dividends to net income (YTD only)4.65%
Condition Ratios (%)
Loss allowance to loans -25.93%
Loss allowance to noncurrent loans 1.95%
Noncurrent assets plus other real estate owned to assets 143.07%
Noncurrent loans to loans 1.08%
Net loans and leases to deposits1.36%
Net loans and leases to core deposits 100.59%
Equity capital to assets 120.87%
Core capital (leverage) ratio 13.44%
Tier 1 risk-based capital ratio 13.16%
Total risk-based capital ratio 15.42%
Average assets$17
Average earning assets$126,088
Average equity $16,752
Average loans $112,968
Back to page top, Back to table top

User Contributions:

Comment about this bank, ask questions, or add new information about it:


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with California Oaks State Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.