Circle Bank in Novato, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Circle Bank in Novato, California (CA)
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Circle Bank - Overview

  • General
  • FDIC Certificate #: 32743
    Status: Active
    Federal Reserve ID: 1436473
    Date Established: January 22, 1990
    WWW: http://www.circlebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    FDIC's unique #: 45609
    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: January 22, 1990
    Last Structure Change Effective Date: January 29, 2009
    Last Structure Change Process Date: January 29, 2009
    Last Data Update: January 29, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 1400 Grant Avenue, Novato, CA 94945
    County: Marin
    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 Francisco, CA (#7360)
    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 Francisco-Oakland-Fremont, CA (#41860)
    CBSA Metro Statistical Area: San Francisco-Oakland-Fremont, CA (#41860)
    Core Based Statistical Division: San Francisco-San Mateo-Redwood City, CA (#41884)
  • Financial Summary
  • Total assets: $316.2 mil
    Equity capital: $24.6 mil
    Deposits held in domestic offices: $236.7 mil
    Return on assets (ROA): 0.72% ($2.3 mil)
    Quarterly return on assets: 0.74% ($2.3 mil)
    Return on Equity (ROE): 9.18% ($2.3 mil)
    Quarterly return on equity: 9.57% ($2.4 mil)
    Net income: $2.2 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.20% ($3,793.8 mil)
    Quarterly Pretax return on assets: 1.29% ($4,078.4 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
  • 73Total employees (full-time equivalent)
  • $316,154Total assets
  • $48,992Cash and due from depository institutions
  • $44,418Interest-bearing balances
  • $846Securities
  • $6,797Federal funds sold & reverse repurchase agreements
  • $243,533Net loans & leases
  • $4,170Loan loss allowance
  • $0Trading account assets
  • $6,138Bank premises and fixed assets
  • $3,278Other real estate owned
  • $0Goodwill and other intangibles
  • $316,154Life insurance assets
  • $6,570All other assets
  • $291,600Total liabilities and capital
  • $236,743Total liabilities
  • $191,645Total deposits
  • $236,743Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $53,000Trading liabilities
  • $0Other borrowed funds
  • $1,857Subordinated debt
  • $24,554All other liabilities
  • $24,554Total equity capital
  • $24,554Total bank equity capital
  • $0Perpetual preferred stock
  • $1,800Common stock
  • $12,179Surplus
  • $10,575Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,223Income earned, not collected on loans
  • $0Earning assets
  • $1,079Long-term assets (5+ years)
  • $295,594Average Assets, year-to-date
  • $193,172Average Assets, quarterly
  • $308,330Volatile liabilities
  • $315,931Insider loans
  • $207,827FHLB advances
  • $318,908Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $24,537Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,541Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $17,578Total interest income
  • $3,351Total interest expense
  • $14,227Net interest income
  • $300Provision for loan and lease losses
  • $1,015Total noninterest income
  • $0Fiduciary activities
  • $813Service charges on deposit accounts
  • $0Trading account gains & fees
  • $202Additional noninterest income
  • $11,232Total noninterest expense
  • $5,534Salaries and employee benefits
  • $1,940Premises and equipment expense
  • $3,758Additional noninterest expense
  • $3,710Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,499Applicable income taxes
  • $2,211Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,211Net income attributable to bank
  • $0Net charge-offs
  • $2,211Cash dividends
  • $71Sale, conversion, retirement of capital stock, net
  • $1,793Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.09%Yield on earning assets
  • 1.16%Cost of funding earning assets
  • 4.93%Net interest margin
  • 0.35%Noninterest income to earning assets
  • 3.89%Noninterest expense to earning assets
  • 0.72%Net operating income to assets
  • 0.72%Return on assets (ROA)
  • 1.20%Pretax return on assets
  • 9.18%Return on equity (ROE)
  • 1.74%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 422.54%Credit loss provision to net charge-offs
  • 56.48%Efficiency ratio
  • 73,691Assets per employee
  • 4.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 81.09%Loss allowance to loans
  • 1.68%Loss allowance to noncurrent loans
  • 187.58%Noncurrent assets plus other real estate owned to assets
  • 1.74%Noncurrent loans to loans
  • 0.90%Net loans and leases to deposits
  • 102.87%Net loans and leases to core deposits
  • 122.29%Equity capital to assets
  • 7.77%Core capital (leverage) ratio
  • 7.69%Tier 1 risk-based capital ratio
  • 11.81%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $308,330Average earning assets
  • $24,077Average equity
  • $288,406Average loans

List of branches

  • 6 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    045609Circle Bank1400 Grant Avenue, Novato, CA 94945January 22, 1990Full Service Brick and Mortar
    1440399Petaluma Branch35 E. Washington St, Petaluma, CA 94952May 16, 2005Full Service Brick and Mortar
    2440400San Rafael Branch1200 Fifth Street, San Rafael, CA 94901December 13, 2004Full Service Brick and Mortar
    3458381Santa Rosa Branch19 Old Courthouse Square, Santa Rosa, CA 95404December 13, 2006Full Service Brick and Mortar
    4509264Noe Valley Branch3938 24th Street, San Francisco, CA 94114May 01, 2010Full Service Brick and Mortar
    5518675Corte Madera Branch303 Corte Madera Town Center, Corte Madera, CA 94925April 07, 2011Full Service Brick and Mortar

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