Coast National Bank in San Luis Obispo, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Coast National Bank in San Luis Obispo, California (CA)
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Coast National Bank - Overview

  • General
  • FDIC Certificate #: 34381
    Status: Active
    Federal Reserve ID: 2579069
    Bank Holding Company (Regulatory Top Holder): Coast Bancorp (RSSDID: 3003570, Location: San Luis Obispo, CA)
    Date Established: June 16, 1997
    WWW: http://www.coastnationalbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 57144
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: June 16, 1997
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 500 Marsh Street, San Luis Obispo, CA 93401
    County: San Luis Obispo
    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): San Luis Obispo-Atascadero-Paso Robles, CA (#7460)
    Core Based Statistical Area (CBSA): San Luis Obispo-Paso Robles, CA (#42020)
    CBSA Metro Statistical Area: San Luis Obispo-Paso Robles, CA (#42020)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $132.2 mil
    Equity capital: $7.2 mil
    Deposits held in domestic offices: $124.4 mil
    Return on assets (ROA): -2.05% (-$2.7 mil)
    Quarterly return on assets: -3.36% (-$4.4 mil)
    Return on Equity (ROE): -31.79% (-$2.2 mil)
    Quarterly return on equity: -58.29% (-$4.1 mil)
    Net income: -$2.8 mil
    Quarterly Net income: -$1.1 mil
    Pretax return on assets: -2.05% (-$2,709.4 mil)
    Quarterly Pretax return on assets: -3.36% (-$4,440.8 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
  • 51Total employees (full-time equivalent)
  • $132,168Total assets
  • $41,002Cash and due from depository institutions
  • $37,758Interest-bearing balances
  • $0Securities
  • $100Federal funds sold & reverse repurchase agreements
  • $79,444Net loans & leases
  • $3,745Loan loss allowance
  • $0Trading account assets
  • $7,150Bank premises and fixed assets
  • $1,863Other real estate owned
  • $107Goodwill and other intangibles
  • $132,168Life insurance assets
  • $2,502All other assets
  • $125,010Total liabilities and capital
  • $124,434Total liabilities
  • $81,924Total deposits
  • $124,434Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $576Subordinated debt
  • $7,158All other liabilities
  • $7,158Total equity capital
  • $7,158Total bank equity capital
  • $0Perpetual preferred stock
  • $3,162Common stock
  • $9,835Surplus
  • $-5,839Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,910Income earned, not collected on loans
  • $490Earning assets
  • $318Long-term assets (5+ years)
  • $117,302Average Assets, year-to-date
  • $21,499Average Assets, quarterly
  • $136,338Volatile liabilities
  • $133,923Insider loans
  • $81,816FHLB advances
  • $137,179Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,147Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $18,823Restructured Loans and leases
  • $32Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,228Total interest income
  • $597Total interest expense
  • $4,631Net interest income
  • $1,410Provision for loan and lease losses
  • $1,141Total noninterest income
  • $0Fiduciary activities
  • $288Service charges on deposit accounts
  • $0Trading account gains & fees
  • $853Additional noninterest income
  • $7,163Total noninterest expense
  • $3,117Salaries and employee benefits
  • $527Premises and equipment expense
  • $3,519Additional noninterest expense
  • -$2,801Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$2,801Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,801Net income attributable to bank
  • $0Net charge-offs
  • -$2,801Cash dividends
  • $1,488Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.40%Yield on earning assets
  • 0.50%Cost of funding earning assets
  • 3.89%Net interest margin
  • 0.96%Noninterest income to earning assets
  • 6.02%Noninterest expense to earning assets
  • -2.05%Net operating income to assets
  • -2.05%Return on assets (ROA)
  • -2.05%Pretax return on assets
  • -31.79%Return on equity (ROE)
  • -31.79%Retained earnings to average equity (YTD only)
  • 1.66%Net charge-offs to loans
  • 94.76%Credit loss provision to net charge-offs
  • -0.93%Efficiency ratio
  • 124,099Assets per employee
  • 2.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.50%Loss allowance to noncurrent loans
  • 95.78%Noncurrent assets plus other real estate owned to assets
  • 4.37%Noncurrent loans to loans
  • 4.70%Net loans and leases to deposits
  • 63.84%Net loans and leases to core deposits
  • 63.84%Equity capital to assets
  • 5.42%Core capital (leverage) ratio
  • 5.21%Tier 1 risk-based capital ratio
  • 8.74%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $136,338Average earning assets
  • $8,810Average equity
  • $118,913Average loans

List of branches

  • 5 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    057144Coast National Bank500 Marsh Street, San Luis Obispo, CA 93401June 16, 1997Full Service Brick and Mortar
    1290591Morro Bay Branch948 Morro Bay Boulevard, Morro Bay, CA 93442June 01, 1998Full Service Brick and Mortar
    2290592Arroyo Grande Branch1360 East Grand Avenue, Arroyo Grande, CA 93420June 16, 1997Full Service Brick and Mortar
    3290593Los Osos Branch1193 Los Osos Valley Road, Los Osos, CA 93402July 19, 1999Full Service Brick and Mortar
    4439667Paso Robles Branch2138 Spring Street, Suite A, Paso Robles, CA 93446March 16, 2005Full Service Brick and Mortar

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