First Mountain Bank in Big Bear Lake, California (CA)

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First Mountain Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)47
Total assets$140,400
Cash and due from depository institutions$19,965
Interest-bearing balances$14,303
Federal funds sold & reverse repurchase agreements$965
Net loans & leases$101,541
Loan loss allowance $2,453
Trading account assets$0
Bank premises and fixed assets$2,268
Other real estate owned$1,690
Goodwill and other intangibles$50
All other assets$7,260
Life insurance assets$140,400
Total liabilities and capital$125,743
Total liabilities$124,804
Total deposits$84,767
Interest-bearing deposits$124,804
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $939
All other liabilities $14,657
Total equity capital$14,657
Total bank equity capital$14,657
Perpetual preferred stock$0
Common stock$12,063
Undivided profits $2,594
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 $11,878
Earning assets $0
Long-term assets (5+ years) $299
Average Assets, year-to-date $123,470
Average Assets, quarterly $58,596
Volatile liabilities $141,540
Insider loans $139,443
FHLB advances $115,417
Loans and leases held for sale $134,698
Unused loan commitments $3,421
Tier 1 (core) risk-based capital $3,421
Tier 2 risk-based capital $13,020
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $5,546
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,745
Total interest expense $572
Net interest income $6,173
Provision for loan and lease losses $1,297
Total noninterest income $1,098
Fiduciary activities $0
Service charges on deposit accounts $479
Trading account gains & fees $0
Additional noninterest income $619
Total noninterest expense $6,492
Salaries and employee benefits $3,289
Premises and equipment expense $680
Additional noninterest expense $2,523
Pre-tax net operating income -$518
Securities gains (losses) $1
Applicable income taxes -$247
Income before extraordinary items -$270
Extraordinary gains - net $0
Net income attributable to bank -$270
Net charge-offs $0
Cash dividends -$270
Sale, conversion, retirement of capital stock, net $1,556
Net operating income $50
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.42%
Cost of funding earning assets 0.46%
Net interest margin 4.96%
Noninterest income to earning assets 0.88%
Noninterest expense to earning assets 5.22%
Net operating income to assets -0.19%
Return on assets (ROA) -0.19%
Pretax return on assets -0.37%
Return on equity (ROE) -1.81%
Retained earnings to average equity (YTD only) -2.15%
Net charge-offs to loans 1.52%
Credit loss provision to net charge-offs 83.35%
Efficiency ratio0.50%
Assets per employee$88,915
Cash dividends to net income (YTD only)2.99%
Condition Ratios (%)
Loss allowance to loans -18.52%
Loss allowance to noncurrent loans 2.36%
Noncurrent assets plus other real estate owned to assets 20.65%
Noncurrent loans to loans 9.66%
Net loans and leases to deposits11.42%
Net loans and leases to core deposits 81.36%
Equity capital to assets 85.58%
Core capital (leverage) ratio 10.44%
Tier 1 risk-based capital ratio 9.67%
Total risk-based capital ratio 11.28%
Average assets$13
Average earning assets$141,540
Average equity $14,894
Average loans $124,479
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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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