Canyon National Bank in Palm Springs, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 11, 2011

  • Canyon National Bank in Palm Springs, California (CA)
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Canyon National Bank - Overview

  • General
  • FDIC Certificate #: 34692
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Pacific Premier Bank (#32172)
    Federal Reserve ID: 2713582
    Date Established: July 10, 1998
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    FDIC's unique #: 61204
    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: July 10, 1998
    Last Structure Change Effective Date: Febuary 11, 2011
    Last Structure Change Process Date: Febuary 14, 2011
    Last Data Update: Febuary 14, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1711 East Palm Canyon Drive, Palm Springs, CA 92264
    County: Riverside
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Orange
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Riverside-San Bernardino, CA (#6780)
    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): Riverside-San Bernardino-Ontario, CA (#40140)
    CBSA Metro Statistical Area: Riverside-San Bernardino-Ontario, CA (#40140)
  • Financial Summary
  • Total assets: $210.9 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, 2010)

  • Dollar figures in thousands
  • 71Total employees (full-time equivalent)
  • $210,859Total assets
  • $5,799Cash and due from depository institutions
  • $0Interest-bearing balances
  • $13,199Securities
  • $5,865Federal funds sold & reverse repurchase agreements
  • $158,294Net loans & leases
  • $7,970Loan loss allowance
  • $0Trading account assets
  • $4,419Bank premises and fixed assets
  • $20,074Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,209All other assets
  • $210,858Total liabilities and capital
  • $207,715Total liabilities
  • $205,285Total deposits
  • $138,743Interest-bearing deposits
  • $205,285Deposits held in domestic offices
  • 92.47%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $2,430All other liabilities
  • $3,143Total equity capital
  • $3,143Total bank equity capital
  • $3,143Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $23,863Undivided profits
  • Memoranda
  • $-20,720Noncurrent loans and leases
  • $9,317Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $21,824Earning assets
  • $0Long-term assets (5+ years)
  • $686Average Assets, year-to-date
  • $177,358Average Assets, quarterly
  • $54,795Volatile liabilities
  • $230,568Insider loans
  • $215,768FHLB advances
  • $35,290Loans and leases held for sale
  • $194Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $229Total risk weighted assets
  • $9,317Total unused commitments
  • $2,284Restructured Loans and leases
  • $2,183Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $11,112Total interest income
  • $1,518Total interest expense
  • $9,594Net interest income
  • $5,300Provision for loan and lease losses
  • $2,739Total noninterest income
  • $0Fiduciary activities
  • $583Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,156Additional noninterest income
  • $16,502Total noninterest expense
  • $5,192Salaries and employee benefits
  • $1,252Premises and equipment expense
  • $10,058Additional noninterest expense
  • -$9,469Pre-tax net operating income
  • $1Securities gains (losses)
  • $540Applicable income taxes
  • -$10,008Income before extraordinary items
  • $0Extraordinary gains - net
  • -$10,008Net income attributable to bank
  • $0Net charge-offs
  • -$10,008Cash dividends
  • $6,835Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.73%Yield on earning assets
  • 0.78%Cost of funding earning assets
  • 4.95%Net interest margin
  • 1.41%Noninterest income to earning assets
  • 8.51%Noninterest expense to earning assets
  • -4.34%Net operating income to assets
  • -4.34%Return on assets (ROA)
  • -4.11%Pretax return on assets
  • -119.04%Return on equity (ROE)
  • -119.04%Retained earnings to average equity (YTD only)
  • 3.71%Net charge-offs to loans
  • 77.54%Credit loss provision to net charge-offs
  • -0.61%Efficiency ratio
  • 133,804Assets per employee
  • 2.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.79%Loss allowance to noncurrent loans
  • 36.52%Noncurrent assets plus other real estate owned to assets
  • 19.87%Noncurrent loans to loans
  • 13.13%Net loans and leases to deposits
  • 77.11%Net loans and leases to core deposits
  • 93.12%Equity capital to assets
  • 1.49%Core capital (leverage) ratio
  • 1.38%Tier 1 risk-based capital ratio
  • 1.80%Total risk-based capital ratio
  • Memoranda
  • $3Average assets
  • $230,568Average earning assets
  • $8,407Average equity
  • $193,984Average loans

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