First Bank of San Luis Obispo in San Luis Obispo, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 01, 2005

  • First Bank of San Luis Obispo in San Luis Obispo, California (CA)
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First Bank of San Luis Obispo - Overview

  • General
  • FDIC Certificate #: 23265
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Santa Barbara Bank & Trust, National Association (#18169)
    Federal Reserve ID: 996466
    Date Established: November 24, 1980
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 14021
    FDIC's unique #: 16302
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 24, 1980
    Last Structure Change Effective Date: August 01, 2005
    Last Structure Change Process Date: September 19, 2005
    Last Data Update: September 19, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 995 Higuera Street, San Luis Obispo, CA 93401
    County: San Luis Obispo
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Los Angeles (West)
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): San Luis Obispo-Atascadero-Paso Robles, CA (#7460)
    Core Based Statistical Area (CBSA): San Luis Obispo-Paso Robles, CA (#42020)
    CBSA Metro Statistical Area: San Luis Obispo-Paso Robles, CA (#42020)
  • Financial Summary
  • Total assets: $301.7 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, 2004)

  • Dollar figures in thousands
  • 85Total employees (full-time equivalent)
  • $279,565Total assets
  • $7,769Cash and due from depository institutions
  • $148Interest-bearing balances
  • $66,792Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $193,979Net loans & leases
  • $2,905Loan loss allowance
  • $0Trading account assets
  • $924Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $10,101All other assets
  • $279,565Total liabilities and capital
  • $251,447Total liabilities
  • $225,269Total deposits
  • $165,732Interest-bearing deposits
  • $225,269Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $23,824Other borrowed funds
  • $0Subordinated debt
  • $2,354All other liabilities
  • $28,118Total equity capital
  • $28,118Total bank equity capital
  • $28,118Perpetual preferred stock
  • $0Common stock
  • $973Surplus
  • $9,526Undivided profits
  • Memoranda
  • $17,619Noncurrent loans and leases
  • $67,339Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $1,159Average Assets, year-to-date
  • $260,919Average Assets, quarterly
  • $44,913Volatile liabilities
  • $275,821Insider loans
  • $275,197FHLB advances
  • $50,653Loans and leases held for sale
  • $5,638Unused loan commitments
  • $23,824Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $67,339Total unused commitments
  • $0Restructured Loans and leases
  • $2,639Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $14,741Total interest income
  • $2,771Total interest expense
  • $11,970Net interest income
  • $573Provision for loan and lease losses
  • $2,335Total noninterest income
  • $0Fiduciary activities
  • $774Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,561Additional noninterest income
  • $9,465Total noninterest expense
  • $5,423Salaries and employee benefits
  • $854Premises and equipment expense
  • $3,188Additional noninterest expense
  • $4,267Pre-tax net operating income
  • $159Securities gains (losses)
  • $1,634Applicable income taxes
  • $2,792Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,792Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $164Sale, conversion, retirement of capital stock, net
  • $920Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.82%Yield on earning assets
  • 1.09%Cost of funding earning assets
  • 4.73%Net interest margin
  • 0.92%Noninterest income to earning assets
  • 3.74%Noninterest expense to earning assets
  • 0.98%Net operating income to assets
  • 1.01%Return on assets (ROA)
  • 1.60%Pretax return on assets
  • 10.34%Return on equity (ROE)
  • 6.93%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 349.39%Credit loss provision to net charge-offs
  • 29.51%Efficiency ratio
  • 66,166Assets per employee
  • 3.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 32.95%Loss allowance to loans
  • 1.48%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 86.11%Net loans and leases to core deposits
  • 102.84%Equity capital to assets
  • 10.06%Core capital (leverage) ratio
  • 10.04%Tier 1 risk-based capital ratio
  • 13.19%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $275,821Average earning assets
  • $27,013Average equity
  • $253,130Average loans

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