FDIC Certificate #: 24385 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Community First National Bank (#3924) Federal Reserve ID: 417064 Date Established: March 07, 1983 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 6 (Interstate: No) FDIC's unique #: 16966 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: March 07, 1983 Last Structure Change Effective Date: August 29, 2000 Last Structure Change Process Date: September 20, 2000 Last Data Update: September 20, 2000 Data Source Date: April 05, 2012
Location
Address: 9832 Campo Road, Spring Valley, CA 91977 County: San Diego Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: Kansas City FDIC Field Office: Orange Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): San Diego, CA (#7320) Core Based Statistical Area (CBSA): San Diego-Carlsbad-San Marcos, CA (#41740) CBSA Metro Statistical Area: San Diego-Carlsbad-San Marcos, CA (#41740)
Financial Summary
Total assets: $237.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
106Total employees (full-time equivalent)
$248,164Total assets
$16,603Cash and due from depository institutions
$3,201Interest-bearing balances
$48,256Securities
$4,775Federal funds sold & reverse repurchase agreements
$168,430Net loans & leases
$2,082Loan loss allowance
$0Trading account assets
$4,453Bank premises and fixed assets
$1,020Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$4,627All other assets
$248,164Total liabilities and capital
$228,044Total liabilities
$226,624Total deposits
$180,455Interest-bearing deposits
$226,624Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,420All other liabilities
$20,120Total equity capital
$20,120Total bank equity capital
$20,120Perpetual preferred stock
$0Common stock
$4,414Surplus
$10,479Undivided profits
Memoranda
$5,227Noncurrent loans and leases
$47,258Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,344Earning assets
$0Long-term assets (5+ years)
$975Average Assets, year-to-date
$224,662Average Assets, quarterly
$49,729Volatile liabilities
$245,027Insider loans
$249,914FHLB advances
$23,944Loans and leases held for sale
$33Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$47,258Total unused commitments
$0Restructured Loans and leases
$2,082Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$19,379Total interest income
$5,983Total interest expense
$13,396Net interest income
$555Provision for loan and lease losses
$3,409Total noninterest income
$0Fiduciary activities
$1,711Service charges on deposit accounts
$0Trading account gains & fees
$1,698Additional noninterest income
$12,884Total noninterest expense
$5,826Salaries and employee benefits
$1,995Premises and equipment expense
$5,063Additional noninterest expense
$3,366Pre-tax net operating income
$0Securities gains (losses)
$1,703Applicable income taxes
$1,663Income before extraordinary items
$0Extraordinary gains - net
$1,663Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$160Sale, conversion, retirement of capital stock, net
$294Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.73%Yield on earning assets
2.70%Cost of funding earning assets
6.04%Net interest margin
1.54%Noninterest income to earning assets
5.81%Noninterest expense to earning assets
0.68%Net operating income to assets
0.68%Return on assets (ROA)
1.37%Pretax return on assets
8.27%Return on equity (ROE)
6.81%Retained earnings to average equity (YTD only)
0.10%Net charge-offs to loans
346.88%Credit loss provision to net charge-offs
24.51%Efficiency ratio
76,668Assets per employee
2.34%Cash dividends to net income (YTD only)
Condition Ratios (%)
17.68%Loss allowance to loans
1.22%Loss allowance to noncurrent loans
154.91%Noncurrent assets plus other real estate owned to assets
0.95%Noncurrent loans to loans
0.79%Net loans and leases to deposits
74.32%Net loans and leases to core deposits
83.10%Equity capital to assets
8.11%Core capital (leverage) ratio
7.97%Tier 1 risk-based capital ratio
10.14%Total risk-based capital ratio
Memoranda
$11Average assets
$245,027Average earning assets
$20,105Average equity
$221,920Average loans
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