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 - 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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