Flagship Bank FSB in San Diego, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 1997

  • Flagship Bank FSB in San Diego, California (CA)
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Flagship Bank FSB - Overview

  • General
  • FDIC Certificate #: 32483
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: International City Bank, National Association (#25648)
    Federal Reserve ID: 987473
    Date Established: July 18, 1986
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 8315
    FDIC's unique #: 45317
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: July 18, 1986
    Last Structure Change Effective Date: December 31, 1997
    Last Structure Change Process Date: January 15, 1998
    Last Data Update: January 15, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 4493 Ruffin Road, San Diego, CA 92123
    County: San Diego
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Orange
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): San Diego, CA (#7320)
    Core Based Statistical Area (CBSA): San Diego-Carlsbad-San Marcos, CA (#41740)
    CBSA Metro Statistical Area: San Diego-Carlsbad-San Marcos, CA (#41740)
  • Financial Summary
  • Total assets: $57.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $40Total assets
  • $67,206Cash and due from depository institutions
  • $2,451Interest-bearing balances
  • $2,199Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $10,520Net loans & leases
  • $50,373Loan loss allowance
  • $945Trading account assets
  • $0Bank premises and fixed assets
  • $1,450Other real estate owned
  • $544Goodwill and other intangibles
  • $1,552Life insurance assets
  • $316All other assets
  • $0Total liabilities and capital
  • $67,206Total liabilities
  • $62,249Total deposits
  • $49,753Interest-bearing deposits
  • $47,222Deposits held in domestic offices
  • 49753.00%% insured (estimated)
  • $93Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $9,850Subordinated debt
  • $1,250All other liabilities
  • $1,396Total equity capital
  • $1,396Total bank equity capital
  • $4,957Perpetual preferred stock
  • $900Common stock
  • $19Surplus
  • $4,642Undivided profits
  • Memoranda
  • $-604Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $677Income earned, not collected on loans
  • $314Earning assets
  • $63,092Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $69,009Average Assets, quarterly
  • $67,444Volatile liabilities
  • $17,064Insider loans
  • $0FHLB advances
  • $9,850Loans and leases held for sale
  • $0Unused loan commitments
  • $2,553Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,257Total risk weighted assets
  • $39,630Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $4,437Total interest expense
  • $2,581Net interest income
  • $1,856Provision for loan and lease losses
  • $481Total noninterest income
  • $396Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $396Total noninterest expense
  • $2,890Salaries and employee benefits
  • $1,538Premises and equipment expense
  • $525Additional noninterest expense
  • $827Pre-tax net operating income
  • -$1,119Securities gains (losses)
  • $234Applicable income taxes
  • $0Income before extraordinary items
  • -$885Extraordinary gains - net
  • $0Net income attributable to bank
  • -$885Net charge-offs
  • $45Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $308Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.77%Cost of funding earning assets
  • 3.94%Net interest margin
  • 2.83%Noninterest income to earning assets
  • 0.60%Noninterest expense to earning assets
  • 4.41%Net operating income to assets
  • -1.62%Return on assets (ROA)
  • -1.28%Pretax return on assets
  • -1.28%Return on equity (ROE)
  • -20.49%Retained earnings to average equity (YTD only)
  • -20.49%Net charge-offs to loans
  • 0.09%Credit loss provision to net charge-offs
  • 1068.89%Efficiency ratio
  • 128,330Assets per employee
  • 1.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.84%Loss allowance to noncurrent loans
  • 87.00%Noncurrent assets plus other real estate owned to assets
  • 1.82%Noncurrent loans to loans
  • 1.33%Net loans and leases to deposits
  • 101.25%Net loans and leases to core deposits
  • 118.42%Equity capital to assets
  • 7.38%Core capital (leverage) ratio
  • 6.33%Tier 1 risk-based capital ratio
  • 10.74%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $69,009Average earning assets
  • $4,319Average equity
  • $65,506Average loans

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