FDIC Certificate #: 23357 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Union Bank, National Association (#22826) Federal Reserve ID: 306962 Date Established: March 16, 1981 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 7 (Interstate: No) OTS Docket #: 12326 FDIC's unique #: 16375 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: March 16, 1981 Last Structure Change Effective Date: May 13, 2002 Last Structure Change Process Date: June 26, 2002 Last Data Update: June 26, 2002 Data Source Date: April 05, 2012
Location
Address: 1475 Los Angeles Avenue, Simi Valley, CA 93065 County: Ventura 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): Ventura, CA (#8735) 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): Oxnard-Thousand Oaks-Ventura, CA (#37100) CBSA Metro Statistical Area: Oxnard-Thousand Oaks-Ventura, CA (#37100)
Financial Summary
Total assets: $226.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
139Total employees (full-time equivalent)
$214,056Total assets
$14,497Cash and due from depository institutions
$2,063Interest-bearing balances
$42,756Securities
$30,895Federal funds sold & reverse repurchase agreements
$115,198Net loans & leases
$1,349Loan loss allowance
$0Trading account assets
$5,181Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$5,529All other assets
$214,056Total liabilities and capital
$196,741Total liabilities
$195,413Total deposits
$105,585Interest-bearing deposits
$195,413Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,328All other liabilities
$17,315Total equity capital
$17,315Total bank equity capital
$17,315Perpetual preferred stock
$0Common stock
$8,088Surplus
$0Undivided profits
Memoranda
$9,227Noncurrent loans and leases
$43,592Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,887Earning assets
$362Long-term assets (5+ years)
$573Average Assets, year-to-date
$190,912Average Assets, quarterly
$58,304Volatile liabilities
$202,394Insider loans
$211,136FHLB advances
$13,713Loans and leases held for sale
$6,847Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$13,563Total risk weighted assets
$43,592Total unused commitments
$0Restructured Loans and leases
$1,349Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$13,079Total interest income
$2,161Total interest expense
$10,918Net interest income
$170Provision for loan and lease losses
$3,939Total noninterest income
$0Fiduciary activities
$2,201Service charges on deposit accounts
$0Trading account gains & fees
$1,738Additional noninterest income
$11,147Total noninterest expense
$5,581Salaries and employee benefits
$1,602Premises and equipment expense
$3,964Additional noninterest expense
$3,540Pre-tax net operating income
$72Securities gains (losses)
$1,261Applicable income taxes
$2,351Income before extraordinary items
$0Extraordinary gains - net
$2,351Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$96Sale, conversion, retirement of capital stock, net
$694Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.41%Yield on earning assets
1.22%Cost of funding earning assets
6.18%Net interest margin
2.23%Noninterest income to earning assets
6.31%Noninterest expense to earning assets
1.14%Net operating income to assets
1.16%Return on assets (ROA)
1.78%Pretax return on assets
13.89%Return on equity (ROE)
9.79%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
177.08%Credit loss provision to net charge-offs
38.65%Efficiency ratio
75,029Assets per employee
1.54%Cash dividends to net income (YTD only)
Condition Ratios (%)
29.52%Loss allowance to loans
1.16%Loss allowance to noncurrent loans
46.73%Noncurrent assets plus other real estate owned to assets
1.35%Noncurrent loans to loans
2.48%Net loans and leases to deposits
58.95%Net loans and leases to core deposits
63.40%Equity capital to assets
8.09%Core capital (leverage) ratio
8.45%Tier 1 risk-based capital ratio
11.65%Total risk-based capital ratio
Memoranda
$13Average assets
$202,394Average earning assets
$16,926Average equity
$176,583Average loans
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