Channel Islands Bank in Oxnard, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1999

  • Channel Islands Bank in Oxnard, California (CA)
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Channel Islands Bank - Overview

  • General
  • FDIC Certificate #: 26386
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: American Commercial Bank (#21224)
    Federal Reserve ID: 980465
    Date Established: September 14, 1985
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Interstate: No)
    FDIC's unique #: 32990
    Numeric code: 13
    Regulator: FED
    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: September 14, 1985
    Last Structure Change Effective Date: January 01, 1999
    Last Structure Change Process Date: Febuary 04, 1999
    Last Data Update: Febuary 16, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 155 South A Street, Oxnard, CA 93030
    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)
  • History of Changes
  • Merger - Without Assistance
  • Financial Summary
  • Total assets: $95.2 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 52Total employees (full-time equivalent)
  • $95,222Total assets
  • $6,914Cash and due from depository institutions
  • $396Interest-bearing balances
  • $13,012Securities
  • $10,500Federal funds sold & reverse repurchase agreements
  • $62,580Net loans & leases
  • $812Loan loss allowance
  • $0Trading account assets
  • $1,040Bank premises and fixed assets
  • $0Other real estate owned
  • $39Goodwill and other intangibles
  • $0Life insurance assets
  • $1,137All other assets
  • $95,222Total liabilities and capital
  • $87,029Total liabilities
  • $86,546Total deposits
  • $60,776Interest-bearing deposits
  • $86,546Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $483All other liabilities
  • $8,193Total equity capital
  • $8,193Total bank equity capital
  • $8,193Perpetual preferred stock
  • $0Common stock
  • $2,785Surplus
  • $3,276Undivided profits
  • Memoranda
  • $2,132Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $784Earning assets
  • $30Long-term assets (5+ years)
  • $363Average Assets, year-to-date
  • $86,488Average Assets, quarterly
  • $9,648Volatile liabilities
  • $90,435Insider loans
  • $94,492FHLB advances
  • $13,809Loans and leases held for sale
  • $1,492Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,070Total risk weighted assets
  • $15,707Total unused commitments
  • $0Restructured Loans and leases
  • $78,402Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $7,437Total interest income
  • $2,052Total interest expense
  • $5,385Net interest income
  • $58Provision for loan and lease losses
  • $959Total noninterest income
  • $0Fiduciary activities
  • $610Service charges on deposit accounts
  • $0Trading account gains & fees
  • $349Additional noninterest income
  • $5,019Total noninterest expense
  • $2,678Salaries and employee benefits
  • $851Premises and equipment expense
  • $1,490Additional noninterest expense
  • $1,267Pre-tax net operating income
  • $2Securities gains (losses)
  • $522Applicable income taxes
  • $747Income before extraordinary items
  • $0Extraordinary gains - net
  • $747Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $164Sale, conversion, retirement of capital stock, net
  • $109Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.26%Yield on earning assets
  • 2.56%Cost of funding earning assets
  • 6.71%Net interest margin
  • 1.19%Noninterest income to earning assets
  • 6.25%Noninterest expense to earning assets
  • 0.82%Net operating income to assets
  • 0.83%Return on assets (ROA)
  • 1.40%Pretax return on assets
  • 9.97%Return on equity (ROE)
  • 8.52%Retained earnings to average equity (YTD only)
  • 0.29%Net charge-offs to loans
  • 35.37%Credit loss provision to net charge-offs
  • 8.08%Efficiency ratio
  • 79,114Assets per employee
  • 1.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 14.59%Loss allowance to loans
  • 1.28%Loss allowance to noncurrent loans
  • 103.57%Noncurrent assets plus other real estate owned to assets
  • 0.82%Noncurrent loans to loans
  • 1.24%Net loans and leases to deposits
  • 72.31%Net loans and leases to core deposits
  • 86.04%Equity capital to assets
  • 8.60%Core capital (leverage) ratio
  • 8.63%Tier 1 risk-based capital ratio
  • 10.43%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $90,435Average earning assets
  • $7,491Average equity
  • $80,293Average loans

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