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


Coronado First Bank - Overview

  • General
  • FDIC Certificate #: 58291
    Status: Active
    Federal Reserve ID: 3545258
    Date Established: December 18, 2006
    WWW: http://www.embarcaderobank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 445582
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: December 18, 2006
    Last Structure Change Effective Date: November 21, 2011
    Last Structure Change Process Date: December 14, 2011
    Last Data Update: December 14, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 801 Orange Avenue, Suite 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)
  • History of Changes
  • Change in Location
    Name Change
  • Financial Summary
  • Total assets: $161.2 mil
    Equity capital: $27.3 mil
    Deposits held in domestic offices: $122.5 mil
    Return on assets (ROA): 0.77% ($1.2 mil)
    Quarterly return on assets: -0.62% (-$1.0 mil)
    Return on Equity (ROE): 3.21% ($0.9 mil)
    Quarterly return on equity: -3.09% (-$0.8 mil)
    Net income: $0.7 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: 1.31% ($2,112.0 mil)
    Quarterly Pretax return on assets: 0.95% ($1,531.6 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
  • 28Total employees (full-time equivalent)
  • $161,224Total assets
  • $39,801Cash and due from depository institutions
  • $37,074Interest-bearing balances
  • $536Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $113,778Net loans & leases
  • $1,003Loan loss allowance
  • $0Trading account assets
  • $780Bank premises and fixed assets
  • $612Other real estate owned
  • $0Goodwill and other intangibles
  • $161,225Life insurance assets
  • $5,717All other assets
  • $133,877Total liabilities and capital
  • $122,493Total liabilities
  • $103,207Total deposits
  • $122,493Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,000Trading liabilities
  • $0Other borrowed funds
  • $1,384Subordinated debt
  • $27,348All other liabilities
  • $27,348Total equity capital
  • $27,348Total bank equity capital
  • $0Perpetual preferred stock
  • $26,155Common stock
  • $1,605Surplus
  • $-412Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $694Income earned, not collected on loans
  • $0Earning assets
  • $443Long-term assets (5+ years)
  • $151,388Average Assets, year-to-date
  • $45,458Average Assets, quarterly
  • $94,973Volatile liabilities
  • $123,870Insider loans
  • $120,207FHLB advances
  • $166,669Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $26,275Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $13,323Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,728Total interest income
  • $786Total interest expense
  • $3,942Net interest income
  • $155Provision for loan and lease losses
  • $538Total noninterest income
  • $0Fiduciary activities
  • $42Service charges on deposit accounts
  • $0Trading account gains & fees
  • $496Additional noninterest income
  • $3,077Total noninterest expense
  • $1,746Salaries and employee benefits
  • $202Premises and equipment expense
  • $1,129Additional noninterest expense
  • $1,248Pre-tax net operating income
  • $0Securities gains (losses)
  • $513Applicable income taxes
  • $735Income before extraordinary items
  • $0Extraordinary gains - net
  • $735Net income attributable to bank
  • $0Net charge-offs
  • $735Cash dividends
  • -$3Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.22%Yield on earning assets
  • 0.87%Cost of funding earning assets
  • 4.35%Net interest margin
  • 0.59%Noninterest income to earning assets
  • 3.40%Noninterest expense to earning assets
  • 0.77%Net operating income to assets
  • 0.77%Return on assets (ROA)
  • 1.31%Pretax return on assets
  • 3.21%Return on equity (ROE)
  • 3.21%Retained earnings to average equity (YTD only)
  • -0.00%Net charge-offs to loans
  • -5166.67%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 68,683Assets per employee
  • 5.76%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.87%Loss allowance to noncurrent loans
  • 144.52%Noncurrent assets plus other real estate owned to assets
  • 0.81%Noncurrent loans to loans
  • 0.60%Net loans and leases to deposits
  • 92.89%Net loans and leases to core deposits
  • 98.83%Equity capital to assets
  • 16.96%Core capital (leverage) ratio
  • 15.76%Tier 1 risk-based capital ratio
  • 21.86%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $94,973Average earning assets
  • $22,862Average equity
  • $90,619Average loans

List of branches

  • 3 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0445582Coronado First Bank801 Orange Avenue, Suite 101, Coronado, CA 92118December 18, 2006Full Service Brick and Mortar
    2521617San Diego Office Branch1370 India Street, San Diego, CA 92101July 01, 2009Full Service Brick and Mortar
    3527072San Diego West Street110 West A Street, Suite 1000, San Diego, CA 92101November 17, 2011Full Service Brick and Mortar

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