Desert Community Bank in Victorville, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 18, 2007

  • Desert Community Bank in Victorville, California (CA)
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Desert Community Bank - Overview

  • General
  • FDIC Certificate #: 23066
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: East West Bank (#31628)
    Federal Reserve ID: 155263
    Date Established: March 05, 1980
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 10 (Interstate: No)
    FDIC's unique #: 16155
    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: March 05, 1980
    Last Structure Change Effective Date: August 18, 2007
    Last Structure Change Process Date: September 04, 2007
    Last Data Update: September 04, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 12530 Hesperia Road, Victorville, CA 92392
    County: San Bernardino
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Los Angeles (North)
    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: $576.3 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, 2006)

  • Dollar figures in thousands
  • 210Total employees (full-time equivalent)
  • $532,728Total assets
  • $22,796Cash and due from depository institutions
  • $462Interest-bearing balances
  • $76,121Securities
  • $13,639Federal funds sold & reverse repurchase agreements
  • $381,073Net loans & leases
  • $4,224Loan loss allowance
  • $0Trading account assets
  • $16,751Bank premises and fixed assets
  • $0Other real estate owned
  • $135Goodwill and other intangibles
  • $11,145Life insurance assets
  • $22,213All other assets
  • $532,729Total liabilities and capital
  • $476,712Total liabilities
  • $461,794Total deposits
  • $383,928Interest-bearing deposits
  • $461,794Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,328Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $10,700Other borrowed funds
  • $0Subordinated debt
  • $2,890All other liabilities
  • $56,017Total equity capital
  • $56,017Total bank equity capital
  • $56,017Perpetual preferred stock
  • $0Common stock
  • $16,785Surplus
  • $0Undivided profits
  • Memoranda
  • $39,232Noncurrent loans and leases
  • $68,736Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,857Earning assets
  • $200Long-term assets (5+ years)
  • $2,418Average Assets, year-to-date
  • $471,295Average Assets, quarterly
  • $131,274Volatile liabilities
  • $547,910Insider loans
  • $546,256FHLB advances
  • $44,853Loans and leases held for sale
  • $164Unused loan commitments
  • $10,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,509Total risk weighted assets
  • $68,736Total unused commitments
  • $1,077Restructured Loans and leases
  • $4,277Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $36,709Total interest income
  • $8,083Total interest expense
  • $28,626Net interest income
  • $630Provision for loan and lease losses
  • $5,908Total noninterest income
  • $0Fiduciary activities
  • $1,638Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,270Additional noninterest income
  • $22,603Total noninterest expense
  • $12,803Salaries and employee benefits
  • $2,858Premises and equipment expense
  • $6,942Additional noninterest expense
  • $11,301Pre-tax net operating income
  • $61Securities gains (losses)
  • $4,547Applicable income taxes
  • $6,815Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,815Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$8Sale, conversion, retirement of capital stock, net
  • $710Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.55%Yield on earning assets
  • 1.66%Cost of funding earning assets
  • 5.89%Net interest margin
  • 1.22%Noninterest income to earning assets
  • 4.65%Noninterest expense to earning assets
  • 1.24%Net operating income to assets
  • 1.24%Return on assets (ROA)
  • 2.07%Pretax return on assets
  • 13.14%Return on equity (ROE)
  • 11.77%Retained earnings to average equity (YTD only)
  • -0.00%Net charge-offs to loans
  • -7875.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 65,451Assets per employee
  • 2.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 10.42%Loss allowance to loans
  • 1.10%Loss allowance to noncurrent loans
  • 147.85%Noncurrent assets plus other real estate owned to assets
  • 0.54%Noncurrent loans to loans
  • 0.74%Net loans and leases to deposits
  • 82.52%Net loans and leases to core deposits
  • 90.95%Equity capital to assets
  • 10.52%Core capital (leverage) ratio
  • 10.16%Tier 1 risk-based capital ratio
  • 12.20%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $547,910Average earning assets
  • $51,850Average equity
  • $485,892Average loans

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