County Bank in Merced, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 06, 2009

  • County Bank in Merced, California (CA)
  • Show street view No street view available for this location

County Bank - Overview

  • General
  • FDIC Certificate #: 22574
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Westamerica Bank (#3430)
    Federal Reserve ID: 191663
    Date Established: December 22, 1977
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 40 (Interstate: No)
    OTS Docket #: 11117
    FDIC's unique #: 15747
    Numeric code: 13
    Regulator: FED
    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: December 22, 1977
    Last Structure Change Effective Date: Febuary 06, 2009
    Last Structure Change Process Date: Febuary 10, 2009
    Last Data Update: Febuary 10, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 550 W. Main Street, Merced, CA 95340
    County: Merced
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Sacramento
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Merced, CA (#4940)
    Core Based Statistical Area (CBSA): Merced, CA (#32900)
    CBSA Metro Statistical Area: Merced, CA (#32900)
  • Financial Summary
  • Total assets: $1,711.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)

  • Dollar figures in thousands
  • 465Total employees (full-time equivalent)
  • $1,711,552Total assets
  • $51,071Cash and due from depository institutions
  • $196Interest-bearing balances
  • $213,441Securities
  • $51,570Federal funds sold & reverse repurchase agreements
  • $1,256,237Net loans & leases
  • $38,230Loan loss allowance
  • $0Trading account assets
  • $47,740Bank premises and fixed assets
  • $21,036Other real estate owned
  • $3,315Goodwill and other intangibles
  • $37,392Life insurance assets
  • $67,142All other assets
  • $1,711,552Total liabilities and capital
  • $1,649,830Total liabilities
  • $1,324,635Total deposits
  • $1,070,227Interest-bearing deposits
  • $1,324,635Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $100,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $192,386Other borrowed funds
  • $20,000Subordinated debt
  • $12,809All other liabilities
  • $61,722Total equity capital
  • $61,722Total bank equity capital
  • $61,722Perpetual preferred stock
  • $0Common stock
  • $50,076Surplus
  • $0Undivided profits
  • Memoranda
  • $11,646Noncurrent loans and leases
  • $256,460Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $109,282Earning assets
  • $0Long-term assets (5+ years)
  • $6,835Average Assets, year-to-date
  • $1,521,444Average Assets, quarterly
  • $375,006Volatile liabilities
  • $1,957,158Insider loans
  • $1,782,269FHLB advances
  • $376,412Loans and leases held for sale
  • $1,388Unused loan commitments
  • $185,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $76,760Total risk weighted assets
  • $256,460Total unused commitments
  • $0Restructured Loans and leases
  • $38,187Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $117,175Total interest income
  • $40,462Total interest expense
  • $76,713Net interest income
  • $55,370Provision for loan and lease losses
  • $7,668Total noninterest income
  • $0Fiduciary activities
  • $9,863Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$2,195Additional noninterest income
  • $115,774Total noninterest expense
  • $35,492Salaries and employee benefits
  • $15,153Premises and equipment expense
  • $65,129Additional noninterest expense
  • -$86,763Pre-tax net operating income
  • -$1,893Securities gains (losses)
  • $7,381Applicable income taxes
  • -$96,037Income before extraordinary items
  • $0Extraordinary gains - net
  • -$96,037Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $52,940Sale, conversion, retirement of capital stock, net
  • $2,775Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.76%Yield on earning assets
  • 2.33%Cost of funding earning assets
  • 4.42%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 6.67%Noninterest expense to earning assets
  • -4.81%Net operating income to assets
  • -4.91%Return on assets (ROA)
  • -4.53%Pretax return on assets
  • -78.01%Return on equity (ROE)
  • -80.27%Retained earnings to average equity (YTD only)
  • 3.72%Net charge-offs to loans
  • 104.59%Credit loss provision to net charge-offs
  • -0.59%Efficiency ratio
  • 107,478Assets per employee
  • 3.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -2.89%Loss allowance to loans
  • 2.95%Loss allowance to noncurrent loans
  • 34.98%Noncurrent assets plus other real estate owned to assets
  • 7.30%Noncurrent loans to loans
  • 8.44%Net loans and leases to deposits
  • 94.84%Net loans and leases to core deposits
  • 109.16%Equity capital to assets
  • 3.61%Core capital (leverage) ratio
  • 3.12%Tier 1 risk-based capital ratio
  • 3.87%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $1,957,158Average earning assets
  • $123,105Average equity
  • $1,734,496Average loans

Total Fiduciary and Related Assets (December 31, 2008)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $49,791Managed Assets
  • 1Number of Accounts
  • $34,935Personal trust and agency accounts
  • $20,650Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $222Corporate trust and agency accounts
  • $357Investment management agency accounts
  • $13,706Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 94Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $14,856Other retirement accounts
  • $884Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $2,151Fiduciary accounts held in foreign offices

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