First Mountain Bank in Big Bear Lake, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Mountain Bank - Overview

  • General
  • FDIC Certificate #: 23544
    Status: Active
    Federal Reserve ID: 926360
    Bank Holding Company (Regulatory Top Holder): First Mountain Bancorp (RSSDID: 3447697, Location: Big Bear Lake, CA)
    Date Established: September 28, 1981
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 16488
    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: September 28, 1981
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 40865 Big Bear Boulevard, Big Bear Lake, CA 92315
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $140.4 mil
    Equity capital: $14.7 mil
    Deposits held in domestic offices: $124.8 mil
    Return on assets (ROA): -0.19% (-$0.3 mil)
    Quarterly return on assets: -0.24% (-$0.3 mil)
    Return on Equity (ROE): -1.81% (-$0.3 mil)
    Quarterly return on equity: -2.31% (-$0.3 mil)
    Net income: -$0.3 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -0.37% (-$519.5 mil)
    Quarterly Pretax return on assets: -0.43% (-$603.7 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
  • 47Total employees (full-time equivalent)
  • $140,400Total assets
  • $19,965Cash and due from depository institutions
  • $14,303Interest-bearing balances
  • $6,661Securities
  • $965Federal funds sold & reverse repurchase agreements
  • $101,541Net loans & leases
  • $2,453Loan loss allowance
  • $0Trading account assets
  • $2,268Bank premises and fixed assets
  • $1,690Other real estate owned
  • $50Goodwill and other intangibles
  • $140,400Life insurance assets
  • $7,260All other assets
  • $125,743Total liabilities and capital
  • $124,804Total liabilities
  • $84,767Total deposits
  • $124,804Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $939Subordinated debt
  • $14,657All other liabilities
  • $14,657Total equity capital
  • $14,657Total bank equity capital
  • $0Perpetual preferred stock
  • $12,063Common stock
  • $0Surplus
  • $2,594Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11,878Income earned, not collected on loans
  • $0Earning assets
  • $299Long-term assets (5+ years)
  • $123,470Average Assets, year-to-date
  • $58,596Average Assets, quarterly
  • $141,540Volatile liabilities
  • $139,443Insider loans
  • $115,417FHLB advances
  • $134,698Loans and leases held for sale
  • $3,421Unused loan commitments
  • $3,421Tier 1 (core) risk-based capital
  • $13,020Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,546Restructured Loans and leases
  • $1,755Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,745Total interest income
  • $572Total interest expense
  • $6,173Net interest income
  • $1,297Provision for loan and lease losses
  • $1,098Total noninterest income
  • $0Fiduciary activities
  • $479Service charges on deposit accounts
  • $0Trading account gains & fees
  • $619Additional noninterest income
  • $6,492Total noninterest expense
  • $3,289Salaries and employee benefits
  • $680Premises and equipment expense
  • $2,523Additional noninterest expense
  • -$518Pre-tax net operating income
  • $1Securities gains (losses)
  • -$247Applicable income taxes
  • -$270Income before extraordinary items
  • $0Extraordinary gains - net
  • -$270Net income attributable to bank
  • $0Net charge-offs
  • -$270Cash dividends
  • $1,556Sale, conversion, retirement of capital stock, net
  • $50Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.42%Yield on earning assets
  • 0.46%Cost of funding earning assets
  • 4.96%Net interest margin
  • 0.88%Noninterest income to earning assets
  • 5.22%Noninterest expense to earning assets
  • -0.19%Net operating income to assets
  • -0.19%Return on assets (ROA)
  • -0.37%Pretax return on assets
  • -1.81%Return on equity (ROE)
  • -2.15%Retained earnings to average equity (YTD only)
  • 1.52%Net charge-offs to loans
  • 83.35%Credit loss provision to net charge-offs
  • 0.50%Efficiency ratio
  • 88,915Assets per employee
  • 2.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -18.52%Loss allowance to loans
  • 2.36%Loss allowance to noncurrent loans
  • 20.65%Noncurrent assets plus other real estate owned to assets
  • 9.66%Noncurrent loans to loans
  • 11.42%Net loans and leases to deposits
  • 81.36%Net loans and leases to core deposits
  • 85.58%Equity capital to assets
  • 10.44%Core capital (leverage) ratio
  • 9.67%Tier 1 risk-based capital ratio
  • 11.28%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $141,540Average earning assets
  • $14,894Average equity
  • $124,479Average loans

List of branches

  • 4 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016488First Mountain Bank40865 Big Bear Boulevard, Big Bear Lake, CA 92315September 28, 1981Full Service Brick and Mortar
    1256423Lucerne Valley Branch32946-D Highway 18, Lucerne Valley, CA 92356July 15, 1991Full Service Brick and Mortar
    3256425Running Springs Branch2625 Whispering Pines Drive, Running Springs, CA 92382October 21, 1996Full Service Brick and Mortar
    4198400Big Bear Lake Branch42142 Big Bear Boulevard, Big Bear Lake, CA 92315January 20, 1967Full Service Brick and Mortar

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