Finance and Thrift Company in Porterville, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Finance and Thrift Company in Porterville, California (CA)
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Finance and Thrift Company routing number info

Finance and Thrift Company - Overview

  • General
  • FDIC Certificate #: 25870
    Status: Active
    Federal Reserve ID: 803461
    Date Established: July 09, 1925
    WWW: http://www.financeandthrift.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Domestic: 9, Interstate: No)
    FDIC's unique #: 32111
    Numeric code: 23
    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: Consumer Lending Specialization
    Date of Deposit Insurance: December 17, 1984
    Last Structure Change Effective Date: Febuary 16, 2010
    Last Structure Change Process Date: Febuary 16, 2010
    Last Data Update: Febuary 16, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 268 North Main Street, Porterville, CA 93257
    County: Tulare
    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): Visalia-Tulare-Porterville, CA (#8780)
    Core Based Statistical Area (CBSA): Visalia-Porterville, CA (#47300)
    CBSA Metro Statistical Area: Visalia-Porterville, CA (#47300)
  • Financial Summary
  • Total assets: $129.7 mil
    Equity capital: $28.3 mil
    Deposits held in domestic offices: $98.5 mil
    Return on assets (ROA): 1.82% ($2.4 mil)
    Quarterly return on assets: 3.22% ($4.2 mil)
    Return on Equity (ROE): 8.36% ($2.3 mil)
    Quarterly return on equity: 14.82% ($4.1 mil)
    Net income: $2.3 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 2.63% ($3,411.5 mil)
    Quarterly Pretax return on assets: 3.99% ($5,175.7 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, 2011)

  • Dollar figures in thousands
  • 90Total employees (full-time equivalent)
  • $129,716Total assets
  • $13,751Cash and due from depository institutions
  • $12,941Interest-bearing balances
  • $8,443Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $96,812Net loans & leases
  • $3,130Loan loss allowance
  • $0Trading account assets
  • $3,659Bank premises and fixed assets
  • $100Other real estate owned
  • $0Goodwill and other intangibles
  • $129,716Life insurance assets
  • $6,951All other assets
  • $101,385Total liabilities and capital
  • $98,482Total liabilities
  • $97,278Total deposits
  • $98,482Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,903Subordinated debt
  • $28,331All other liabilities
  • $28,331Total equity capital
  • $28,331Total bank equity capital
  • $0Perpetual preferred stock
  • $1,619Common stock
  • $1,100Surplus
  • $25,612Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,305Income earned, not collected on loans
  • $0Earning assets
  • $1,052Long-term assets (5+ years)
  • $118,196Average Assets, year-to-date
  • $4,980Average Assets, quarterly
  • $124,470Volatile liabilities
  • $128,340Insider loans
  • $109,632FHLB advances
  • $129,343Loans and leases held for sale
  • $5,197Unused loan commitments
  • $5,197Tier 1 (core) risk-based capital
  • $28,222Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $16,787Total interest income
  • $1,416Total interest expense
  • $15,371Net interest income
  • $4,014Provision for loan and lease losses
  • $2,405Total noninterest income
  • $0Fiduciary activities
  • $3Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,402Additional noninterest income
  • $10,487Total noninterest expense
  • $5,094Salaries and employee benefits
  • $1,191Premises and equipment expense
  • $4,202Additional noninterest expense
  • $3,275Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,013Applicable income taxes
  • $2,262Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,262Net income attributable to bank
  • $0Net charge-offs
  • $2,262Cash dividends
  • $3,351Sale, conversion, retirement of capital stock, net
  • $269Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 14.73%Yield on earning assets
  • 1.24%Cost of funding earning assets
  • 13.49%Net interest margin
  • 2.11%Noninterest income to earning assets
  • 9.20%Noninterest expense to earning assets
  • 1.82%Net operating income to assets
  • 1.82%Return on assets (ROA)
  • 2.63%Pretax return on assets
  • 8.36%Return on equity (ROE)
  • 7.37%Retained earnings to average equity (YTD only)
  • 3.45%Net charge-offs to loans
  • 119.79%Credit loss provision to net charge-offs
  • 2.18%Efficiency ratio
  • 58,995Assets per employee
  • 1.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 11.89%Loss allowance to loans
  • 3.13%Loss allowance to noncurrent loans
  • 239.85%Noncurrent assets plus other real estate owned to assets
  • 1.08%Noncurrent loans to loans
  • 1.31%Net loans and leases to deposits
  • 98.30%Net loans and leases to core deposits
  • 104.68%Equity capital to assets
  • 21.84%Core capital (leverage) ratio
  • 21.82%Tier 1 risk-based capital ratio
  • 25.74%Total risk-based capital ratio
  • Memoranda
  • $27Average assets
  • $124,470Average earning assets
  • $27,042Average equity
  • $113,937Average loans

List of branches

  • 9 California Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    032111Finance And Thrift Company268 North Main Street, Porterville, CA 93257July 09, 1925Full Service Brick and Mortar
    4258318Delano Branch1202 Main Street, Delano, CA 93215January 01, 1945Full Service Brick and Mortar
    10258324Selma Branch2132 High Street, Selma, CA 93662January 01, 1955Full Service Brick and Mortar
    24361240Porterville Branch268 N. Main Street, Porterville, CA 93257August 16, 2001Full Service Brick and Mortar
    31453798Fresno Branch4177 W. Shaw Avenue, Suite 107, Fresno, CA 93722July 03, 2006Full Service Brick and Mortar
    33510757Modesto Branch4623 Mchenry Ave, Ste. C, Modesto, CA 95356June 28, 2010Full Service Brick and Mortar
    35510759Visalia Branch649 County Center Dr., Ste. C, Visalia, CA 93277Febuary 01, 2010Full Service Brick and Mortar
    36510760Hanford Branch116 7th Street, Hanford, CA 93230December 24, 2009Full Service Brick and Mortar
    37521529Bakersfield Branch3401 Pacheco Rd, Ste A, Bakersfield, CA 93313December 21, 2010Full Service Brick and Mortar

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