Golden Gate Bank in San Francisco, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 02, 2004

  • Golden Gate Bank in San Francisco, California (CA)
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Golden Gate Bank - Overview

  • General
  • FDIC Certificate #: 22338
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Greater Bay Bank, National Association (#27068)
    Federal Reserve ID: 749569
    Date Established: September 28, 1976
    WWW: http://www.ggbank.com
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 15547
    Numeric code: 13
    Regulator: FED
    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: September 28, 1976
    Last Structure Change Effective Date: Febuary 02, 2004
    Last Structure Change Process Date: Febuary 27, 2004
    Last Data Update: Febuary 27, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 225 Bush Street, Suite 100, San Francisco, CA 94104
    County: San Francisco
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: San Francisco
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): San Francisco, CA (#7360)
    Consolidated Metropolitan Statistical Area (CMSA): San Francisco-Oakland-San Jose, CA (#84)
    Combined Statistical Area (CSA): San Jose-San Francisco-Oakland, CA (#488)
    Core Based Statistical Area (CBSA): San Francisco-Oakland-Fremont, CA (#41860)
    CBSA Metro Statistical Area: San Francisco-Oakland-Fremont, CA (#41860)
    Core Based Statistical Division: San Francisco-San Mateo-Redwood City, CA (#41884)
  • Financial Summary
  • Total assets: $359.4 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, 2003)

  • Dollar figures in thousands
  • 17Total employees (full-time equivalent)
  • $359,371Total assets
  • $11,162Cash and due from depository institutions
  • $0Interest-bearing balances
  • $150,806Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $179,225Net loans & leases
  • $5,313Loan loss allowance
  • $0Trading account assets
  • $3,413Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $14,765All other assets
  • $359,371Total liabilities and capital
  • $328,683Total liabilities
  • $253,661Total deposits
  • $230,295Interest-bearing deposits
  • $253,661Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $12,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $60,346Other borrowed funds
  • $0Subordinated debt
  • $2,676All other liabilities
  • $30,688Total equity capital
  • $30,688Total bank equity capital
  • $30,688Perpetual preferred stock
  • $0Common stock
  • $2,040Surplus
  • $15,020Undivided profits
  • Memoranda
  • $13,628Noncurrent loans and leases
  • $76,512Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,423Earning assets
  • $0Long-term assets (5+ years)
  • $1,569Average Assets, year-to-date
  • $330,031Average Assets, quarterly
  • $119,841Volatile liabilities
  • $414,270Insider loans
  • $372,410FHLB advances
  • $101,993Loans and leases held for sale
  • $1,118Unused loan commitments
  • $60,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $76,512Total unused commitments
  • $0Restructured Loans and leases
  • $2,946Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $17,744Total interest income
  • $4,507Total interest expense
  • $13,237Net interest income
  • $1,245Provision for loan and lease losses
  • $1,112Total noninterest income
  • $0Fiduciary activities
  • $322Service charges on deposit accounts
  • $0Trading account gains & fees
  • $790Additional noninterest income
  • $9,720Total noninterest expense
  • $1,538Salaries and employee benefits
  • $1,851Premises and equipment expense
  • $6,331Additional noninterest expense
  • $3,384Pre-tax net operating income
  • $799Securities gains (losses)
  • $1,565Applicable income taxes
  • $2,618Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,618Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,006Sale, conversion, retirement of capital stock, net
  • $1,313Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.67%Yield on earning assets
  • 1.19%Cost of funding earning assets
  • 3.49%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 2.56%Noninterest expense to earning assets
  • 0.51%Net operating income to assets
  • 0.63%Return on assets (ROA)
  • 1.01%Pretax return on assets
  • 8.45%Return on equity (ROE)
  • 4.21%Retained earnings to average equity (YTD only)
  • 0.52%Net charge-offs to loans
  • 123.76%Credit loss provision to net charge-offs
  • 4.60%Efficiency ratio
  • 67,740Assets per employee
  • 21.14%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 50.15%Loss allowance to loans
  • 2.88%Loss allowance to noncurrent loans
  • 219.27%Noncurrent assets plus other real estate owned to assets
  • 0.67%Noncurrent loans to loans
  • 1.31%Net loans and leases to deposits
  • 70.66%Net loans and leases to core deposits
  • 87.85%Equity capital to assets
  • 8.54%Core capital (leverage) ratio
  • 8.33%Tier 1 risk-based capital ratio
  • 13.23%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $414,270Average earning assets
  • $30,976Average equity
  • $379,707Average loans

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