FDIC Certificate #: 32707 Status: Active Federal Reserve ID: 1421095 Date Established: October 25, 1979 WWW:http://www.centennialbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 16589 FDIC's unique #: 45543 Numeric code: 23 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: November 03, 1989 Last Structure Change Effective Date: May 14, 2007 Last Structure Change Process Date: May 14, 2007 Last Data Update: May 14, 2007 Data Source Date: April 05, 2012
Location
Address: 18837 Brookhurst Street, Suite 100, Fountain Valley, CA 92708 County: Orange 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): Orange County, CA (#5945) 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): Los Angeles-Long Beach-Santa Ana, CA (#31100) CBSA Metro Statistical Area: Los Angeles-Long Beach-Santa Ana, CA (#31100) Core Based Statistical Division: Santa Ana-Anaheim-Irvine, CA (#42044)
History of Changes
Change in Geographic Region/Area/Territory/Field Office
Financial Summary
Total assets: $657.6 mil Equity capital: $95.6 mil Deposits held in domestic offices: $457.9 mil Return on assets (ROA): 0.65% ($4.3 mil) Quarterly return on assets: 0.83% ($5.5 mil) Return on Equity (ROE): 5.21% ($5.0 mil) Quarterly return on equity: 6.16% ($5.9 mil) Net income: $4.8 mil Quarterly Net income: $1.4 mil Pretax return on assets: 1.07% ($7,035.9 mil) Quarterly Pretax return on assets: 1.13% ($7,430.5 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
20Total employees (full-time equivalent)
$657,565Total assets
$53,544Cash and due from depository institutions
$52,877Interest-bearing balances
$32,303Securities
$3,219Federal funds sold & reverse repurchase agreements
$553,992Net loans & leases
$15,746Loan loss allowance
$0Trading account assets
$73Bank premises and fixed assets
$1,536Other real estate owned
$383Goodwill and other intangibles
$657,565Life insurance assets
$12,515All other assets
$561,970Total liabilities and capital
$457,865Total liabilities
$457,859Total deposits
$457,865Interest-bearing deposits
$99Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$103,650Trading liabilities
$0Other borrowed funds
$455Subordinated debt
$95,595All other liabilities
$95,595Total equity capital
$95,595Total bank equity capital
$0Perpetual preferred stock
$1,250Common stock
$58,067Surplus
$36,278Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$67,134Income earned, not collected on loans
$0Earning assets
$2,206Long-term assets (5+ years)
$642,391Average Assets, year-to-date
$308,069Average Assets, quarterly
$728,118Volatile liabilities
$698,155Insider loans
$572,959FHLB advances
$704,485Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$93,442Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$36,029Total interest income
$12,995Total interest expense
$23,034Net interest income
$7,865Provision for loan and lease losses
-$1,234Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
-$1,234Additional noninterest income
$6,137Total noninterest expense
$2,673Salaries and employee benefits
$424Premises and equipment expense
$3,040Additional noninterest expense
$7,798Pre-tax net operating income
$0Securities gains (losses)
$3,034Applicable income taxes
$4,764Income before extraordinary items
$0Extraordinary gains - net
$4,764Net income attributable to bank
$0Net charge-offs
$4,764Cash dividends
$10,209Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.08%Yield on earning assets
1.83%Cost of funding earning assets
3.24%Net interest margin
-0.17%Noninterest income to earning assets
0.86%Noninterest expense to earning assets
0.65%Net operating income to assets
0.65%Return on assets (ROA)
1.07%Pretax return on assets
5.21%Return on equity (ROE)
5.21%Retained earnings to average equity (YTD only)
1.64%Net charge-offs to loans
77.04%Credit loss provision to net charge-offs
1.53%Efficiency ratio
27,234Assets per employee
32.88%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.76%Loss allowance to noncurrent loans
23.45%Noncurrent assets plus other real estate owned to assets
10.44%Noncurrent loans to loans
11.78%Net loans and leases to deposits
120.99%Net loans and leases to core deposits
135.73%Equity capital to assets
14.54%Core capital (leverage) ratio
13.26%Tier 1 risk-based capital ratio
16.31%Total risk-based capital ratio
Memoranda
$18Average assets
$728,118Average earning assets
$91,363Average equity
$709,881Average loans
List of branches
1 California Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
45543
Centennial Bank
18837 Brookhurst Street, Suite 100, Fountain Valley, CA 92708
October 25, 1979
Full Service Brick and Mortar
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