Desert Commercial Bank in Palm Desert, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Desert Commercial Bank - Overview

  • General
  • FDIC Certificate #: 57976
    Status: Active
    Federal Reserve ID: 3357705
    Date Established: June 16, 2005
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 432872
    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: June 16, 2005
    Last Structure Change Effective Date: November 13, 2007
    Last Structure Change Process Date: January 18, 2008
    Last Data Update: January 18, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 44-801 Village Court Drive, Palm Desert, CA 92260
    County: Riverside
    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): Riverside-San Bernardino, CA (#6780)
    Consolidated Metropolitan Statistical Area (CMSA): Los Angeles-Riverside-Orange County, CA (#49)
    Combined Statistical Area (CSA): Los Angeles-Long Beach-Riverside, CA (#348)
    Core Based Statistical Area (CBSA): Riverside-San Bernardino-Ontario, CA (#40140)
    CBSA Metro Statistical Area: Riverside-San Bernardino-Ontario, CA (#40140)
  • Financial Summary
  • Total assets: $140.9 mil
    Equity capital: $14.6 mil
    Deposits held in domestic offices: $125.7 mil
    Return on assets (ROA): -1.30% (-$1.8 mil)
    Quarterly return on assets: -1.58% (-$2.2 mil)
    Return on Equity (ROE): -12.36% (-$1.9 mil)
    Quarterly return on equity: -15.24% (-$2.3 mil)
    Net income: -$1.9 mil
    Quarterly Net income: -$0.6 mil
    Pretax return on assets: -1.30% (-$1,831.8 mil)
    Quarterly Pretax return on assets: -1.58% (-$2,226.3 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
  • 32Total employees (full-time equivalent)
  • $140,905Total assets
  • $11,140Cash and due from depository institutions
  • $9,995Interest-bearing balances
  • $11,002Securities
  • $8,620Federal funds sold & reverse repurchase agreements
  • $104,969Net loans & leases
  • $2,206Loan loss allowance
  • $0Trading account assets
  • $1,114Bank premises and fixed assets
  • $2,614Other real estate owned
  • $0Goodwill and other intangibles
  • $140,905Life insurance assets
  • $1,446All other assets
  • $126,328Total liabilities and capital
  • $125,693Total liabilities
  • $99,622Total deposits
  • $125,693Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $635Subordinated debt
  • $14,577All other liabilities
  • $14,577Total equity capital
  • $14,577Total bank equity capital
  • $0Perpetual preferred stock
  • $30,250Common stock
  • $1,550Surplus
  • $-17,223Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,246Income earned, not collected on loans
  • $0Earning assets
  • $390Long-term assets (5+ years)
  • $134,586Average Assets, year-to-date
  • $42,711Average Assets, quarterly
  • $147,049Volatile liabilities
  • $143,481Insider loans
  • $116,592FHLB advances
  • $142,139Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $14,576Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,900Restructured Loans and leases
  • $1Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,746Total interest income
  • $1,189Total interest expense
  • $6,557Net interest income
  • $1,518Provision for loan and lease losses
  • $115Total noninterest income
  • $0Fiduciary activities
  • $78Service charges on deposit accounts
  • $0Trading account gains & fees
  • $37Additional noninterest income
  • $7,082Total noninterest expense
  • $3,428Salaries and employee benefits
  • $1,146Premises and equipment expense
  • $2,508Additional noninterest expense
  • -$1,928Pre-tax net operating income
  • $15Securities gains (losses)
  • $1Applicable income taxes
  • -$1,914Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,914Net income attributable to bank
  • $0Net charge-offs
  • -$1,914Cash dividends
  • $1,499Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.55%Yield on earning assets
  • 0.85%Cost of funding earning assets
  • 4.70%Net interest margin
  • 0.08%Noninterest income to earning assets
  • 5.07%Noninterest expense to earning assets
  • -1.31%Net operating income to assets
  • -1.30%Return on assets (ROA)
  • -1.30%Pretax return on assets
  • -12.36%Return on equity (ROE)
  • -12.36%Retained earnings to average equity (YTD only)
  • 1.36%Net charge-offs to loans
  • 101.27%Credit loss provision to net charge-offs
  • -0.27%Efficiency ratio
  • 106,145Assets per employee
  • 4.40%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.06%Loss allowance to noncurrent loans
  • 42.05%Noncurrent assets plus other real estate owned to assets
  • 5.58%Noncurrent loans to loans
  • 4.89%Net loans and leases to deposits
  • 83.51%Net loans and leases to core deposits
  • 89.51%Equity capital to assets
  • 10.35%Core capital (leverage) ratio
  • 10.25%Tier 1 risk-based capital ratio
  • 12.50%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $147,049Average earning assets
  • $15,488Average equity
  • $139,601Average loans

List of branches

  • 2 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0432872Desert Commercial Bank44-801 Village Court Drive, Palm Desert, CA 92260June 16, 2005Full Service Brick and Mortar
    1453558El Centro Branch1599 West Main Street, El Centro, CA 92243May 18, 2006Full Service Brick and Mortar

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