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

  • Founders Community Bank in San Luis Obispo, California (CA)
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Founders Community Bank - Overview

  • General
  • FDIC Certificate #: 57924
    Status: Active
    Federal Reserve ID: 3350546
    Bank Holding Company (Regulatory Top Holder): Founders Bancorp (RSSDID: 3595468, Location: San Luis Obispo, CA)
    Date Established: May 05, 2005
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 431469
    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: May 05, 2005
    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: 237 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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $123.4 mil
    Equity capital: $14.8 mil
    Deposits held in domestic offices: $108.5 mil
    Return on assets (ROA): 0.41% ($0.5 mil)
    Quarterly return on assets: 0.72% ($0.9 mil)
    Return on Equity (ROE): 3.94% ($0.6 mil)
    Quarterly return on equity: 6.09% ($0.9 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.29% ($357.8 mil)
    Quarterly Pretax return on assets: 0.17% ($209.8 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
  • 32Total employees (full-time equivalent)
  • $123,383Total assets
  • $32,052Cash and due from depository institutions
  • $29,287Interest-bearing balances
  • $1,000Securities
  • $710Federal funds sold & reverse repurchase agreements
  • $84,883Net loans & leases
  • $1,439Loan loss allowance
  • $0Trading account assets
  • $1,836Bank premises and fixed assets
  • $764Other real estate owned
  • $0Goodwill and other intangibles
  • $123,383Life insurance assets
  • $2,138All other assets
  • $108,626Total liabilities and capital
  • $108,537Total liabilities
  • $63,358Total deposits
  • $108,537Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $89Subordinated debt
  • $14,757All other liabilities
  • $14,757Total equity capital
  • $14,757Total bank equity capital
  • $3,760Perpetual preferred stock
  • $11,159Common stock
  • $588Surplus
  • $-750Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $368Long-term assets (5+ years)
  • $115,880Average Assets, year-to-date
  • $25,306Average Assets, quarterly
  • $116,793Volatile liabilities
  • $123,569Insider loans
  • $90,066FHLB advances
  • $125,605Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $14,757Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $31,029Restructured Loans and leases
  • $5,734Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,446Total interest income
  • $432Total interest expense
  • $5,014Net interest income
  • $314Provision for loan and lease losses
  • -$158Total noninterest income
  • $0Fiduciary activities
  • $97Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$255Additional noninterest income
  • $4,200Total noninterest expense
  • $2,463Salaries and employee benefits
  • $567Premises and equipment expense
  • $1,170Additional noninterest expense
  • $342Pre-tax net operating income
  • $0Securities gains (losses)
  • -$139Applicable income taxes
  • $481Income before extraordinary items
  • $0Extraordinary gains - net
  • $481Net income attributable to bank
  • $0Net charge-offs
  • $481Cash dividends
  • $282Sale, conversion, retirement of capital stock, net
  • $40Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.96%Yield on earning assets
  • 0.39%Cost of funding earning assets
  • 4.57%Net interest margin
  • -0.14%Noninterest income to earning assets
  • 3.83%Noninterest expense to earning assets
  • 0.41%Net operating income to assets
  • 0.41%Return on assets (ROA)
  • 0.29%Pretax return on assets
  • 3.94%Return on equity (ROE)
  • 3.62%Retained earnings to average equity (YTD only)
  • 0.34%Net charge-offs to loans
  • 111.35%Credit loss provision to net charge-offs
  • 2.33%Efficiency ratio
  • 86,491Assets per employee
  • 3.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 8.32%Loss allowance to loans
  • 1.67%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.62%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 78.21%Net loans and leases to core deposits
  • 84.01%Equity capital to assets
  • 11.96%Core capital (leverage) ratio
  • 11.75%Tier 1 risk-based capital ratio
  • 16.38%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $116,793Average earning assets
  • $12,195Average equity
  • $109,689Average loans

List of branches

  • 2 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0431469Founders Community Bank237 Higuera Street, San Luis Obispo, CA 93401May 05, 2005Full Service Brick and Mortar
    1493608Marsh St Branch863 Marsh Street, San Luis Obispo, CA 93401January 08, 2009Full Service Brick and Mortar

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