CommerceWest Bank, N.A. in Irvine, California (CA)

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CommerceWest Bank, N.A. routing number info

Table of contents:
CommerceWest Bank, N.A.
GeneralFDIC Certificate #: 57176
Status: Active
Federal Reserve ID: 3052813
Date Established: September 24, 2001
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 #: 359010
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: September 24, 2001
Last Structure Change Effective Date: July 24, 2009
Last Structure Change Process Date: August 28, 2009
Last Data Update: August 28, 2009
Data Source Date: April 05, 2012
LocationAddress: 2111 Business Center Drive, Irvine, CA 92612
County: Orange
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: San Francisco
FDIC Field Office: Orange
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Metropolitan Statistical Area (MSA): Orange County, CA (#5945)
Consolidated Metropolitan Statistical Area (CMSA): Los Angeles-Riverside-Orange County, CA (#49)
Combined Statistical Area (CSA): Los Angeles-Long Beach-Riverside, CA (#348)
Core Based Statistical Area (CBSA): Los Angeles-Long Beach-Santa Ana, CA (#31100)
CBSA Metro Statistical Area: Los Angeles-Long Beach-Santa Ana, CA (#31100)
Core Based Statistical Division: Santa Ana-Anaheim-Irvine, CA (#42044)
History of ChangesParticipated in Absorption/Consolidation/Merger
Financial SummaryTotal assets: $296.9 mil
Equity capital: $45.6 mil
Deposits held in domestic offices: $248.9 mil
Return on assets (ROA): 0.46% ($1.4 mil)
Quarterly return on assets: 0.53% ($1.6 mil)
Return on Equity (ROE): 3.16% ($1.5 mil)
Quarterly return on equity: 3.55% ($1.6 mil)
Net income: $1.4 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 0.46% ($1,365.8 mil)
Quarterly Pretax return on assets: 0.53% ($1,573.6 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)
Total employees (full-time equivalent)53
Total assets$296,907
Cash and due from depository institutions$38,314
Interest-bearing balances$33,385
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$146,130
Loan loss allowance $3,105
Trading account assets$0
Bank premises and fixed assets$488
Other real estate owned$1,523
Goodwill and other intangibles$4,425
All other assets$11,748
Life insurance assets$296,907
Total liabilities and capital$251,274
Total liabilities$248,861
Total deposits$172,366
Interest-bearing deposits$248,861
Deposits held in domestic offices$82
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$500
Other borrowed funds $0
Subordinated debt $1,913
All other liabilities $45,633
Total equity capital$45,633
Total bank equity capital$45,633
Perpetual preferred stock$0
Common stock$14,639
Undivided profits $10,744
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $2,513
Earning assets $81
Long-term assets (5+ years) $1,143
Average Assets, year-to-date $273,794
Average Assets, quarterly $94,698
Volatile liabilities $303,992
Insider loans $301,405
FHLB advances $188,420
Loans and leases held for sale $291,294
Unused loan commitments $6,107
Tier 1 (core) risk-based capital $6,107
Tier 2 risk-based capital $40,042
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $21,714
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $12,680
Total interest expense $2,803
Net interest income $9,877
Provision for loan and lease losses $190
Total noninterest income $1,628
Fiduciary activities $0
Service charges on deposit accounts $1,098
Trading account gains & fees $0
Additional noninterest income $530
Total noninterest expense $10,268
Salaries and employee benefits $5,187
Premises and equipment expense $1,426
Additional noninterest expense $3,655
Pre-tax net operating income $1,047
Securities gains (losses) $359
Applicable income taxes $0
Income before extraordinary items $1,406
Extraordinary gains - net $0
Net income attributable to bank $1,406
Net charge-offs $0
Cash dividends $1,406
Sale, conversion, retirement of capital stock, net $1,712
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.55%
Cost of funding earning assets 1.01%
Net interest margin 3.55%
Noninterest income to earning assets 0.58%
Noninterest expense to earning assets 3.69%
Net operating income to assets 0.34%
Return on assets (ROA) 0.46%
Pretax return on assets 0.46%
Return on equity (ROE) 3.16%
Retained earnings to average equity (YTD only) 3.16%
Net charge-offs to loans 1.17%
Credit loss provision to net charge-offs 11.10%
Efficiency ratio0.72%
Assets per employee$86,675
Cash dividends to net income (YTD only)5.60%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.08%
Noncurrent assets plus other real estate owned to assets 123.56%
Noncurrent loans to loans 1.36%
Net loans and leases to deposits1.68%
Net loans and leases to core deposits 58.72%
Equity capital to assets 77.57%
Core capital (leverage) ratio 15.37%
Tier 1 risk-based capital ratio 13.75%
Total risk-based capital ratio 21.25%
Average assets$23
Average earning assets$303,992
Average equity $44,449
Average loans $278,471
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5 California Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0359010Commercewest Bank, N.A.2111 Business Center Drive, Irvine, CA 92612September 24, 2001Full Service Brick and Mortar
1442461Inland Empire Regional Office1611 Pomona Road, Corona, CA 92880January 18, 2005Full Service Brick and Mortar
2452592South Bay Regional Office19300 South Hamilton Avenue, Gardena, CA 90248November 10, 2005Full Service Brick and Mortar
3452593Orange County Regional Office4440 Von Karman Avenue, Newport Beach, CA 92660January 10, 2005Full Service Brick and Mortar
4358449San Marco Regional Office338 Via Vera Cruz, San Marcos, CA 92078September 19, 2001Full Service Brick and Mortar
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