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



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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
Securities$1,488
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
Surplus$14,781
Undivided profits $431
Memoranda
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
Derivatives$1,374
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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
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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%
Memoranda
Average assets$17
Average earning assets$126,088
Average equity $16,752
Average loans $112,968
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