City Commerce Bank in Santa Barbara, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 31, 1999

  • City Commerce Bank in Santa Barbara, California (CA)
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City Commerce Bank - Overview

  • General
  • FDIC Certificate #: 22713
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Mid-State Bank & Trust (#18396)
    Federal Reserve ID: 230366
    Date Established: September 11, 1978
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 15855
    Numeric code: 21
    Regulator: FDIC
    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 11, 1978
    Last Structure Change Effective Date: August 31, 1999
    Last Structure Change Process Date: September 24, 1999
    Last Data Update: September 24, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 33 East Carrillo Street, Santa Barbara, CA 93101
    County: Santa Barbara
    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): Santa Barbara-Santa Maria-Lompoc, CA (#7480)
    Core Based Statistical Area (CBSA): Santa Barbara-Santa Maria-Goleta, CA (#42060)
    CBSA Metro Statistical Area: Santa Barbara-Santa Maria-Goleta, CA (#42060)
  • Financial Summary
  • Total assets: $150.5 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
  • 73Total employees (full-time equivalent)
  • $154,305Total assets
  • $17,796Cash and due from depository institutions
  • $2,870Interest-bearing balances
  • $9,499Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $122,097Net loans & leases
  • $1,540Loan loss allowance
  • $0Trading account assets
  • $2,647Bank premises and fixed assets
  • $0Other real estate owned
  • $39Goodwill and other intangibles
  • $0Life insurance assets
  • $2,227All other assets
  • $154,305Total liabilities and capital
  • $136,924Total liabilities
  • $135,803Total deposits
  • $101,654Interest-bearing deposits
  • $135,803Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,121All other liabilities
  • $17,381Total equity capital
  • $17,381Total bank equity capital
  • $17,381Perpetual preferred stock
  • $0Common stock
  • $15,927Surplus
  • $0Undivided profits
  • Memoranda
  • $1,454Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $129Earning assets
  • $0Long-term assets (5+ years)
  • $622Average Assets, year-to-date
  • $134,466Average Assets, quarterly
  • $30,827Volatile liabilities
  • $138,591Insider loans
  • $143,479FHLB advances
  • $17,838Loans and leases held for sale
  • $3,578Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $55,581Total unused commitments
  • $0Restructured Loans and leases
  • $134,533Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $11,828Total interest income
  • $3,448Total interest expense
  • $8,380Net interest income
  • $0Provision for loan and lease losses
  • $2,395Total noninterest income
  • $0Fiduciary activities
  • $460Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,935Additional noninterest income
  • $6,785Total noninterest expense
  • $3,735Salaries and employee benefits
  • $1,010Premises and equipment expense
  • $2,040Additional noninterest expense
  • $3,990Pre-tax net operating income
  • -$440Securities gains (losses)
  • $1,576Applicable income taxes
  • $1,974Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,974Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $159Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.58%Yield on earning assets
  • 2.79%Cost of funding earning assets
  • 6.79%Net interest margin
  • 1.94%Noninterest income to earning assets
  • 5.49%Noninterest expense to earning assets
  • 1.63%Net operating income to assets
  • 1.42%Return on assets (ROA)
  • 2.56%Pretax return on assets
  • 11.68%Return on equity (ROE)
  • 11.68%Retained earnings to average equity (YTD only)
  • 0.15%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 25.09%Efficiency ratio
  • 62,784Assets per employee
  • 2.11%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.25%Loss allowance to noncurrent loans
  • 1193.80%Noncurrent assets plus other real estate owned to assets
  • 0.08%Noncurrent loans to loans
  • 0.10%Net loans and leases to deposits
  • 89.91%Net loans and leases to core deposits
  • 103.50%Equity capital to assets
  • 11.26%Core capital (leverage) ratio
  • 12.68%Tier 1 risk-based capital ratio
  • 12.81%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $138,591Average earning assets
  • $16,901Average equity
  • $123,477Average loans
Walter Weaver
Who was founding chairman? Who applied to State of California for charter?

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