California Oaks State Bank in Thousand Oaks, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 2010

  • California Oaks State Bank in Thousand Oaks, California (CA)
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California Oaks State Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 27Total employees (full-time equivalent)
  • $125,427Total assets
  • $19,996Cash and due from depository institutions
  • $14,736Interest-bearing balances
  • $1,488Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $97,692Net loans & leases
  • $1,940Loan loss allowance
  • $0Trading account assets
  • $462Bank premises and fixed assets
  • $0Other real estate owned
  • $22Goodwill and other intangibles
  • $2,441Life insurance assets
  • $5,767All other assets
  • $125,427Total liabilities and capital
  • $108,570Total liabilities
  • $97,121Total deposits
  • $67,637Interest-bearing deposits
  • $97,121Deposits held in domestic offices
  • 87.92%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $11,000Other borrowed funds
  • $0Subordinated debt
  • $449All other liabilities
  • $16,857Total equity capital
  • $16,857Total bank equity capital
  • $16,857Perpetual preferred stock
  • $3,316Common stock
  • $14,781Surplus
  • $431Undivided profits
  • Memoranda
  • $-1,671Noncurrent loans and leases
  • $14,601Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,356Earning assets
  • $458Long-term assets (5+ years)
  • $351Average Assets, year-to-date
  • $113,916Average Assets, quarterly
  • $28,681Volatile liabilities
  • $126,088Insider loans
  • $127,834FHLB advances
  • $21,799Loans and leases held for sale
  • $328Unused loan commitments
  • $11,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $14,601Total unused commitments
  • $0Restructured Loans and leases
  • $1,374Derivatives

Income and Expense (December 31, 2009)

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

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.88%Yield on earning assets
  • 1.39%Cost of funding earning assets
  • 4.48%Net interest margin
  • 0.97%Noninterest income to earning assets
  • 5.15%Noninterest expense to earning assets
  • -0.50%Net operating income to assets
  • -0.45%Return on assets (ROA)
  • -0.21%Pretax return on assets
  • -3.36%Return on equity (ROE)
  • -4.23%Retained earnings to average equity (YTD only)
  • 1.07%Net charge-offs to loans
  • 62.88%Credit loss provision to net charge-offs
  • 0.32%Efficiency ratio
  • 94,337Assets per employee
  • 4.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -25.93%Loss allowance to loans
  • 1.95%Loss allowance to noncurrent loans
  • 143.07%Noncurrent assets plus other real estate owned to assets
  • 1.08%Noncurrent loans to loans
  • 1.36%Net loans and leases to deposits
  • 100.59%Net loans and leases to core deposits
  • 120.87%Equity capital to assets
  • 13.44%Core capital (leverage) ratio
  • 13.16%Tier 1 risk-based capital ratio
  • 15.42%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $126,088Average earning assets
  • $16,752Average equity
  • $112,968Average loans

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