Coast Commercial Bank in Santa Cruz, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 02, 2004

  • Coast Commercial Bank in Santa Cruz, California (CA)
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Coast Commercial Bank - Overview

  • General
  • FDIC Certificate #: 23681
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Greater Bay Bank, National Association (#27068)
    Federal Reserve ID: 172363
    Date Established: Febuary 17, 1982
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 7 (Interstate: No)
    OTS Docket #: 10160
    FDIC's unique #: 16568
    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: Febuary 17, 1982
    Last Structure Change Effective Date: Febuary 02, 2004
    Last Structure Change Process Date: Febuary 24, 2004
    Last Data Update: Febuary 24, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 720 Front Street, Santa Cruz, CA 95060
    County: Santa Cruz
    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): Santa Cruz-Watsonville, CA (#7485)
    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): Santa Cruz-Watsonville, CA (#42100)
    CBSA Metro Statistical Area: Santa Cruz-Watsonville, CA (#42100)
  • Financial Summary
  • Total assets: $605.1 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, 2003)

  • Dollar figures in thousands
  • 62Total employees (full-time equivalent)
  • $605,111Total assets
  • $20,136Cash and due from depository institutions
  • $20Interest-bearing balances
  • $230,325Securities
  • $94,000Federal funds sold & reverse repurchase agreements
  • $231,481Net loans & leases
  • $4,830Loan loss allowance
  • $0Trading account assets
  • $1,439Bank premises and fixed assets
  • $0Other real estate owned
  • $1,037Goodwill and other intangibles
  • $0Life insurance assets
  • $26,693All other assets
  • $605,111Total liabilities and capital
  • $566,372Total liabilities
  • $442,188Total deposits
  • $405,383Interest-bearing deposits
  • $442,188Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $105,526Other borrowed funds
  • $0Subordinated debt
  • $18,658All other liabilities
  • $38,739Total equity capital
  • $38,739Total bank equity capital
  • $38,739Perpetual preferred stock
  • $0Common stock
  • $11,668Surplus
  • $0Undivided profits
  • Memoranda
  • $27,071Noncurrent loans and leases
  • $83,042Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,092Earning assets
  • $902Long-term assets (5+ years)
  • $2,384Average Assets, year-to-date
  • $555,826Average Assets, quarterly
  • $128,945Volatile liabilities
  • $595,027Insider loans
  • $598,914FHLB advances
  • $174,768Loans and leases held for sale
  • $43Unused loan commitments
  • $105,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,740Total risk weighted assets
  • $83,042Total unused commitments
  • $0Restructured Loans and leases
  • $6,967Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $25,976Total interest income
  • $6,326Total interest expense
  • $19,650Net interest income
  • $221Provision for loan and lease losses
  • $3,909Total noninterest income
  • $0Fiduciary activities
  • $1,228Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,681Additional noninterest income
  • $17,632Total noninterest expense
  • $3,363Salaries and employee benefits
  • $2,176Premises and equipment expense
  • $12,093Additional noninterest expense
  • $5,706Pre-tax net operating income
  • $889Securities gains (losses)
  • $2,460Applicable income taxes
  • $4,135Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,135Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $377Sale, conversion, retirement of capital stock, net
  • $2,626Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.78%Yield on earning assets
  • 1.17%Cost of funding earning assets
  • 3.62%Net interest margin
  • 0.72%Noninterest income to earning assets
  • 3.25%Noninterest expense to earning assets
  • 0.60%Net operating income to assets
  • 0.69%Return on assets (ROA)
  • 1.11%Pretax return on assets
  • 10.66%Return on equity (ROE)
  • 3.89%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 58.62%Credit loss provision to net charge-offs
  • 15.72%Efficiency ratio
  • 73,186Assets per employee
  • 9.76%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 63.51%Loss allowance to loans
  • 2.04%Loss allowance to noncurrent loans
  • 230.88%Noncurrent assets plus other real estate owned to assets
  • 0.35%Noncurrent loans to loans
  • 0.89%Net loans and leases to deposits
  • 52.35%Net loans and leases to core deposits
  • 67.50%Equity capital to assets
  • 6.40%Core capital (leverage) ratio
  • 7.58%Tier 1 risk-based capital ratio
  • 13.65%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $595,027Average earning assets
  • $38,775Average equity
  • $542,999Average loans

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