Coronado First Bank in Coronado, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 17, 2011

Coronado First Bank in Coronado, California (CA)
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Coronado First Bank routing number info

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Coronado First Bank - Overview

General
FDIC Certificate #: 58019
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Coronado First Bank (#58291)
Federal Reserve ID: 3384934
Date Established: October 03, 2005
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 433906
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: October 03, 2005
Last Structure Change Effective Date: November 17, 2011
Last Structure Change Process Date: December 05, 2011
Last Data Update: December 05, 2011
Data Source Date: April 05, 2012
Location
Address: 801 Orange Avenue # 101, Coronado, CA 92118
County: San Diego
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): 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: $79.9 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, 2010)

Dollar figures in thousands
20Total employees (full-time equivalent)
$83,239Total assets
$10,488Cash and due from depository institutions
$9,609Interest-bearing balances
$6,746Securities
$0Federal funds sold & reverse repurchase agreements
$62,284Net loans & leases
$1,240Loan loss allowance
$0Trading account assets
$880Bank premises and fixed assets
$1,718Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,123All other assets
$83,239Total liabilities and capital
$73,911Total liabilities
$73,745Total deposits
$58,512Interest-bearing deposits
$73,745Deposits held in domestic offices
90.02%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$166All other liabilities
$9,328Total equity capital
$9,328Total bank equity capital
$9,328Perpetual preferred stock
$0Common stock
$13,750Surplus
$779Undivided profits
Memoranda
$-5,201Noncurrent loans and leases
$9,567Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,483Earning assets
$0Long-term assets (5+ years)
$305Average Assets, year-to-date
$78,639Average Assets, quarterly
$30,527Volatile liabilities
$91,340Insider loans
$86,464FHLB advances
$15,410Loans and leases held for sale
$2,670Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,567Total unused commitments
$0Restructured Loans and leases
$877Derivatives

Income and Expense (December 31, 2010)

Dollar figures in thousands
$4,794Total interest income
$917Total interest expense
$3,877Net interest income
$263Provision for loan and lease losses
-$97Total noninterest income
$0Fiduciary activities
$48Service charges on deposit accounts
$0Trading account gains & fees
-$145Additional noninterest income
$3,627Total noninterest expense
$1,971Salaries and employee benefits
$599Premises and equipment expense
$1,057Additional noninterest expense
-$110Pre-tax net operating income
$0Securities gains (losses)
$1Applicable income taxes
-$111Income before extraordinary items
$0Extraordinary gains - net
-$111Net income attributable to bank
$0Net charge-offs
-$111Cash dividends
$746Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2010)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.55%Yield on earning assets
1.06%Cost of funding earning assets
4.49%Net interest margin
-0.11%Noninterest income to earning assets
4.20%Noninterest expense to earning assets
-0.12%Net operating income to assets
-0.12%Return on assets (ROA)
-0.12%Pretax return on assets
-1.18%Return on equity (ROE)
-1.18%Retained earnings to average equity (YTD only)
1.07%Net charge-offs to loans
35.25%Credit loss provision to net charge-offs
0.21%Efficiency ratio
95,952Assets per employee
4.16%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.95%Loss allowance to noncurrent loans
27.66%Noncurrent assets plus other real estate owned to assets
7.45%Noncurrent loans to loans
7.06%Net loans and leases to deposits
84.46%Net loans and leases to core deposits
106.77%Equity capital to assets
11.21%Core capital (leverage) ratio
10.50%Tier 1 risk-based capital ratio
13.45%Total risk-based capital ratio
Memoranda
$15Average assets
$91,340Average earning assets
$9,380Average equity
$86,443Average loans

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