Finance and Thrift Company in Porterville, California (CA)



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Finance and Thrift Company routing number info

Table of contents:
Finance and Thrift Company
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)90
Total assets$129,716
Cash and due from depository institutions$13,751
Interest-bearing balances$12,941
Securities$8,443
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$96,812
Loan loss allowance $3,130
Trading account assets$0
Bank premises and fixed assets$3,659
Other real estate owned$100
Goodwill and other intangibles$0
All other assets$6,951
Life insurance assets$129,716
Total liabilities and capital$101,385
Total liabilities$98,482
Total deposits$97,278
Interest-bearing deposits$98,482
Deposits held in domestic offices$92
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $2,903
All other liabilities $28,331
Total equity capital$28,331
Total bank equity capital$28,331
Perpetual preferred stock$0
Common stock$1,619
Surplus$1,100
Undivided profits $25,612
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,305
Earning assets $0
Long-term assets (5+ years) $1,052
Average Assets, year-to-date $118,196
Average Assets, quarterly $4,980
Volatile liabilities $124,470
Insider loans $128,340
FHLB advances $109,632
Loans and leases held for sale $129,343
Unused loan commitments $5,197
Tier 1 (core) risk-based capital $5,197
Tier 2 risk-based capital $28,222
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $16,787
Total interest expense $1,416
Net interest income $15,371
Provision for loan and lease losses $4,014
Total noninterest income $2,405
Fiduciary activities $0
Service charges on deposit accounts $3
Trading account gains & fees $0
Additional noninterest income $2,402
Total noninterest expense $10,487
Salaries and employee benefits $5,094
Premises and equipment expense $1,191
Additional noninterest expense $4,202
Pre-tax net operating income $3,275
Securities gains (losses) $0
Applicable income taxes $1,013
Income before extraordinary items $2,262
Extraordinary gains - net $0
Net income attributable to bank $2,262
Net charge-offs $0
Cash dividends $2,262
Sale, conversion, retirement of capital stock, net $3,351
Net operating income $269
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets14.73%
Cost of funding earning assets 1.24%
Net interest margin 13.49%
Noninterest income to earning assets 2.11%
Noninterest expense to earning assets 9.20%
Net operating income to assets 1.82%
Return on assets (ROA) 1.82%
Pretax return on assets 2.63%
Return on equity (ROE) 8.36%
Retained earnings to average equity (YTD only) 7.37%
Net charge-offs to loans 3.45%
Credit loss provision to net charge-offs 119.79%
Efficiency ratio2.18%
Assets per employee$58,995
Cash dividends to net income (YTD only)1.44%
Condition Ratios (%)
Loss allowance to loans 11.89%
Loss allowance to noncurrent loans 3.13%
Noncurrent assets plus other real estate owned to assets 239.85%
Noncurrent loans to loans 1.08%
Net loans and leases to deposits1.31%
Net loans and leases to core deposits 98.30%
Equity capital to assets 104.68%
Core capital (leverage) ratio 21.84%
Tier 1 risk-based capital ratio 21.82%
Total risk-based capital ratio 25.74%
Memoranda
Average assets$27
Average earning assets$124,470
Average equity $27,042
Average loans $113,937
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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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