Coast Commercial Bank in Santa Cruz, California (CA)



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Coast Commercial Bank
GeneralFDIC 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
WWW: http://www.coastcommercialbank.com
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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)62
Total assets$605,111
Cash and due from depository institutions$20,136
Interest-bearing balances$20
Securities$230,325
Federal funds sold & reverse repurchase agreements$94,000
Net loans & leases$231,481
Loan loss allowance $4,830
Trading account assets$0
Bank premises and fixed assets$1,439
Other real estate owned$0
Goodwill and other intangibles$1,037
All other assets$26,693
Life insurance assets$0
Total liabilities and capital$605,111
Total liabilities$566,372
Total deposits$442,188
Interest-bearing deposits$405,383
Deposits held in domestic offices$442,188
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $105,526
Subordinated debt $0
All other liabilities $18,658
Total equity capital$38,739
Total bank equity capital$38,739
Perpetual preferred stock$38,739
Common stock$0
Surplus$11,668
Undivided profits $0
Memoranda
Noncurrent loans and leases $27,071
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $83,042
Income earned, not collected on loans $0
Earning assets $2,092
Long-term assets (5+ years) $902
Average Assets, year-to-date $2,384
Average Assets, quarterly $555,826
Volatile liabilities $128,945
Insider loans $595,027
FHLB advances $598,914
Loans and leases held for sale $174,768
Unused loan commitments $43
Tier 1 (core) risk-based capital $105,000
Tier 2 risk-based capital $0
Total risk weighted assets $5,740
Total unused commitments $83,042
Restructured Loans and leases $0
Derivatives$6,967
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Income and Expense (December 31, 2003)
(Dollar figures in thousands)
Total interest income $25,976
Total interest expense $6,326
Net interest income $19,650
Provision for loan and lease losses $221
Total noninterest income $3,909
Fiduciary activities $0
Service charges on deposit accounts $1,228
Trading account gains & fees $0
Additional noninterest income $2,681
Total noninterest expense $17,632
Salaries and employee benefits $3,363
Premises and equipment expense $2,176
Additional noninterest expense $12,093
Pre-tax net operating income $5,706
Securities gains (losses) $889
Applicable income taxes $2,460
Income before extraordinary items $4,135
Extraordinary gains - net $0
Net income attributable to bank $4,135
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $377
Net operating income $2,626
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Performance and Condition Ratios (December 31, 2003)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.78%
Cost of funding earning assets 1.17%
Net interest margin 3.62%
Noninterest income to earning assets 0.72%
Noninterest expense to earning assets 3.25%
Net operating income to assets 0.60%
Return on assets (ROA) 0.69%
Pretax return on assets 1.11%
Return on equity (ROE) 10.66%
Retained earnings to average equity (YTD only) 3.89%
Net charge-offs to loans 0.16%
Credit loss provision to net charge-offs 58.62%
Efficiency ratio15.72%
Assets per employee$73,186
Cash dividends to net income (YTD only)9.76%
Condition Ratios (%)
Loss allowance to loans 63.51%
Loss allowance to noncurrent loans 2.04%
Noncurrent assets plus other real estate owned to assets 230.88%
Noncurrent loans to loans 0.35%
Net loans and leases to deposits0.89%
Net loans and leases to core deposits 52.35%
Equity capital to assets 67.50%
Core capital (leverage) ratio 6.40%
Tier 1 risk-based capital ratio 7.58%
Total risk-based capital ratio 13.65%
Memoranda
Average assets$16
Average earning assets$595,027
Average equity $38,775
Average loans $542,999
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