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 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
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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