CommerceWest Bank, N.A. in Irvine, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

CommerceWest Bank, N.A. - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total 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
  • 53Total employees (full-time equivalent)
  • $296,907Total assets
  • $38,314Cash and due from depository institutions
  • $33,385Interest-bearing balances
  • $94,279Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $146,130Net loans & leases
  • $3,105Loan loss allowance
  • $0Trading account assets
  • $488Bank premises and fixed assets
  • $1,523Other real estate owned
  • $4,425Goodwill and other intangibles
  • $296,907Life insurance assets
  • $11,748All other assets
  • $251,274Total liabilities and capital
  • $248,861Total liabilities
  • $172,366Total deposits
  • $248,861Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $500Trading liabilities
  • $0Other borrowed funds
  • $1,913Subordinated debt
  • $45,633All other liabilities
  • $45,633Total equity capital
  • $45,633Total bank equity capital
  • $0Perpetual preferred stock
  • $14,639Common stock
  • $20,250Surplus
  • $10,744Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,513Income earned, not collected on loans
  • $81Earning assets
  • $1,143Long-term assets (5+ years)
  • $273,794Average Assets, year-to-date
  • $94,698Average Assets, quarterly
  • $303,992Volatile liabilities
  • $301,405Insider loans
  • $188,420FHLB advances
  • $291,294Loans and leases held for sale
  • $6,107Unused loan commitments
  • $6,107Tier 1 (core) risk-based capital
  • $40,042Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $21,714Restructured Loans and leases
  • $1,355Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,680Total interest income
  • $2,803Total interest expense
  • $9,877Net interest income
  • $190Provision for loan and lease losses
  • $1,628Total noninterest income
  • $0Fiduciary activities
  • $1,098Service charges on deposit accounts
  • $0Trading account gains & fees
  • $530Additional noninterest income
  • $10,268Total noninterest expense
  • $5,187Salaries and employee benefits
  • $1,426Premises and equipment expense
  • $3,655Additional noninterest expense
  • $1,047Pre-tax net operating income
  • $359Securities gains (losses)
  • $0Applicable income taxes
  • $1,406Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,406Net income attributable to bank
  • $0Net charge-offs
  • $1,406Cash dividends
  • $1,712Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.55%Yield on earning assets
  • 1.01%Cost of funding earning assets
  • 3.55%Net interest margin
  • 0.58%Noninterest income to earning assets
  • 3.69%Noninterest expense to earning assets
  • 0.34%Net operating income to assets
  • 0.46%Return on assets (ROA)
  • 0.46%Pretax return on assets
  • 3.16%Return on equity (ROE)
  • 3.16%Retained earnings to average equity (YTD only)
  • 1.17%Net charge-offs to loans
  • 11.10%Credit loss provision to net charge-offs
  • 0.72%Efficiency ratio
  • 86,675Assets per employee
  • 5.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.08%Loss allowance to noncurrent loans
  • 123.56%Noncurrent assets plus other real estate owned to assets
  • 1.36%Noncurrent loans to loans
  • 1.68%Net loans and leases to deposits
  • 58.72%Net loans and leases to core deposits
  • 77.57%Equity capital to assets
  • 15.37%Core capital (leverage) ratio
  • 13.75%Tier 1 risk-based capital ratio
  • 21.25%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $303,992Average earning assets
  • $44,449Average equity
  • $278,471Average loans

List of branches

  • 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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