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
Corrections
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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