FDIC Certificate #: 22894 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Comerica Bank (#983) Federal Reserve ID: 803368 Date Established: July 05, 1979 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 46 (Interstate: No) FDIC's unique #: 16003 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: July 05, 1979 Last Structure Change Effective Date: June 30, 2003 Last Structure Change Process Date: July 24, 2003 Last Data Update: July 24, 2003 Data Source Date: April 05, 2012
Location
Address: 333 West Santa Clara Street, San Jose, CA 95113 County: Santa Clara Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: Chicago FDIC Field Office: San Francisco Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): San Jose, CA (#7400) 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): San Jose-Sunnyvale-Santa Clara, CA (#41940) CBSA Metro Statistical Area: San Jose-Sunnyvale-Santa Clara, CA (#41940)
Financial Summary
Total assets: $20,881.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
1,989Total employees (full-time equivalent)
$19,751,122Total assets
$1,497,926Cash and due from depository institutions
$100Interest-bearing balances
$273,536Securities
$8,574,967Federal funds sold & reverse repurchase agreements
$8,473,475Net loans & leases
$240,431Loan loss allowance
$0Trading account assets
$54,389Bank premises and fixed assets
$888Other real estate owned
$113,630Goodwill and other intangibles
$0Life insurance assets
$762,311All other assets
$19,751,122Total liabilities and capital
$18,448,533Total liabilities
$18,091,150Total deposits
$7,332,778Interest-bearing deposits
$18,091,150Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$27,598Other borrowed funds
$242,716Subordinated debt
$87,069All other liabilities
$1,302,589Total equity capital
$1,302,589Total bank equity capital
$1,302,589Perpetual preferred stock
$100,000Common stock
$7,263Surplus
$548,496Undivided profits
Memoranda
$646,830Noncurrent loans and leases
$5,569,329Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$199,252Earning assets
$20,795Long-term assets (5+ years)
$34,339Average Assets, year-to-date
$17,322,078Average Assets, quarterly
$988,538Volatile liabilities
$16,739,937Insider loans
$19,106,698FHLB advances
$823,515Loans and leases held for sale
$63,462Unused loan commitments
$0Tier 1 (core) risk-based capital
$2,193,437Tier 2 risk-based capital
$128,870Total risk weighted assets
$5,569,329Total unused commitments
$0Restructured Loans and leases
$404,025Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$672,711Total interest income
$113,818Total interest expense
$558,893Net interest income
$223,934Provision for loan and lease losses
$165,999Total noninterest income
$6,410Fiduciary activities
$39,708Service charges on deposit accounts
$0Trading account gains & fees
$119,881Additional noninterest income
$376,296Total noninterest expense
$169,472Salaries and employee benefits
$40,484Premises and equipment expense
$166,340Additional noninterest expense
$124,662Pre-tax net operating income
$9,134Securities gains (losses)
$49,890Applicable income taxes
$83,906Income before extraordinary items
$0Extraordinary gains - net
$83,906Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$146,450Sale, conversion, retirement of capital stock, net
$205,088Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.56%Yield on earning assets
0.77%Cost of funding earning assets
3.79%Net interest margin
1.13%Noninterest income to earning assets
2.55%Noninterest expense to earning assets
0.47%Net operating income to assets
0.50%Return on assets (ROA)
0.80%Pretax return on assets
6.55%Return on equity (ROE)
-9.46%Retained earnings to average equity (YTD only)
1.71%Net charge-offs to loans
152.91%Credit loss provision to net charge-offs
2.38%Efficiency ratio
51,823Assets per employee
9.93%Cash dividends to net income (YTD only)
Condition Ratios (%)
244.43%Loss allowance to loans
2.76%Loss allowance to noncurrent loans
120.67%Noncurrent assets plus other real estate owned to assets
1.01%Noncurrent loans to loans
2.29%Net loans and leases to deposits
46.84%Net loans and leases to core deposits
49.06%Equity capital to assets
6.60%Core capital (leverage) ratio
6.73%Tier 1 risk-based capital ratio
8.26%Total risk-based capital ratio
Memoranda
$11Average assets
$16,739,937Average earning assets
$1,280,452Average equity
$14,744,949Average loans
Total Fiduciary and Related Assets (December 31, 2002)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Comerica Bank-California.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: