California Security Bank in San Jose, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 30, 1998

  • California Security Bank in San Jose, California (CA)
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California Security Bank - Overview

  • General
  • FDIC Certificate #: 21306
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Summit National Bank (#27199)
    Federal Reserve ID: 847269
    Date Established: November 08, 1973
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 14744
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 08, 1973
    Last Structure Change Effective Date: June 30, 1998
    Last Structure Change Process Date: July 20, 1998
    Last Data Update: July 20, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 1694 Tully Road, San Jose, CA 95151
    County: Santa Clara
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: San Francisco
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): San Jose, CA (#7400)
    Consolidated Metropolitan Statistical Area (CMSA): San Francisco-Oakland-San Jose, CA (#84)
    Combined Statistical Area (CSA): San Jose-San Francisco-Oakland, CA (#488)
    Core Based Statistical Area (CBSA): San Jose-Sunnyvale-Santa Clara, CA (#41940)
    CBSA Metro Statistical Area: San Jose-Sunnyvale-Santa Clara, CA (#41940)
  • Financial Summary
  • Total assets: $39.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 20Total employees (full-time equivalent)
  • $40,422Total assets
  • $1,807Cash and due from depository institutions
  • $0Interest-bearing balances
  • $15,100Securities
  • $2,580Federal funds sold & reverse repurchase agreements
  • $19,848Net loans & leases
  • $805Loan loss allowance
  • $0Trading account assets
  • $161Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $926All other assets
  • $40,422Total liabilities and capital
  • $37,141Total liabilities
  • $37,046Total deposits
  • $31,965Interest-bearing deposits
  • $37,046Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $95All other liabilities
  • $3,281Total equity capital
  • $3,281Total bank equity capital
  • $3,281Perpetual preferred stock
  • $0Common stock
  • $11,632Surplus
  • $0Undivided profits
  • Memoranda
  • $-8,351Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $515Earning assets
  • $0Long-term assets (5+ years)
  • $136Average Assets, year-to-date
  • $37,528Average Assets, quarterly
  • $1,900Volatile liabilities
  • $39,245Insider loans
  • $40,165FHLB advances
  • $5,225Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,593Total unused commitments
  • $0Restructured Loans and leases
  • $24,396Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $3,121Total interest income
  • $1,345Total interest expense
  • $1,776Net interest income
  • $0Provision for loan and lease losses
  • $392Total noninterest income
  • $0Fiduciary activities
  • $142Service charges on deposit accounts
  • $0Trading account gains & fees
  • $250Additional noninterest income
  • $1,814Total noninterest expense
  • $788Salaries and employee benefits
  • $371Premises and equipment expense
  • $655Additional noninterest expense
  • $354Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $354Income before extraordinary items
  • $0Extraordinary gains - net
  • $354Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $417Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.75%Yield on earning assets
  • 3.77%Cost of funding earning assets
  • 4.98%Net interest margin
  • 1.10%Noninterest income to earning assets
  • 5.08%Noninterest expense to earning assets
  • 0.90%Net operating income to assets
  • 0.90%Return on assets (ROA)
  • 0.90%Pretax return on assets
  • 11.86%Return on equity (ROE)
  • 11.86%Retained earnings to average equity (YTD only)
  • 2.15%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.85%Efficiency ratio
  • 83,672Assets per employee
  • 2.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.90%Loss allowance to noncurrent loans
  • 156.31%Noncurrent assets plus other real estate owned to assets
  • 1.27%Noncurrent loans to loans
  • 2.49%Net loans and leases to deposits
  • 53.58%Net loans and leases to core deposits
  • 62.37%Equity capital to assets
  • 8.12%Core capital (leverage) ratio
  • 8.09%Tier 1 risk-based capital ratio
  • 13.38%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $39,245Average earning assets
  • $2,985Average equity
  • $35,678Average loans

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