Greater Bay Bank, National Association in Palo Alto, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 15, 2008

  • Greater Bay Bank, National Association in Palo Alto, California (CA)
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Greater Bay Bank, National Association - Overview

  • General
  • FDIC Certificate #: 27068
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wells Fargo Bank, National Association (#3511)
    Federal Reserve ID: 1156539
    Date Established: October 09, 1987
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 41 (Interstate: No)
    OTS Docket #: 15681
    FDIC's unique #: 38673
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: October 09, 1987
    Last Structure Change Effective Date: March 15, 2008
    Last Structure Change Process Date: March 26, 2008
    Last Data Update: March 26, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 420 Cowper Street, Palo Alto, CA 94301
    County: Santa Clara
    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 Jose, CA (#7400)
    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 Jose-Sunnyvale-Santa Clara, CA (#41940)
    CBSA Metro Statistical Area: San Jose-Sunnyvale-Santa Clara, CA (#41940)
  • Financial Summary
  • Total assets: $6,474.0 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, 2007)

  • Dollar figures in thousands
  • 860Total employees (full-time equivalent)
  • $6,473,979Total assets
  • $97,810Cash and due from depository institutions
  • $30Interest-bearing balances
  • $103,586Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $4,970,493Net loans & leases
  • $82,372Loan loss allowance
  • $0Trading account assets
  • $26,022Bank premises and fixed assets
  • $8,194Other real estate owned
  • $885,938Goodwill and other intangibles
  • $198,891Life insurance assets
  • $381,936All other assets
  • $6,473,979Total liabilities and capital
  • $5,075,127Total liabilities
  • $4,034,024Total deposits
  • $3,721,613Interest-bearing deposits
  • $4,034,024Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $699,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $342,103All other liabilities
  • $1,398,852Total equity capital
  • $1,398,852Total bank equity capital
  • $1,398,852Perpetual preferred stock
  • $0Common stock
  • $75,282Surplus
  • $1,302,090Undivided profits
  • Memoranda
  • $21,480Noncurrent loans and leases
  • $1,248,178Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $51,936Earning assets
  • $3,347Long-term assets (5+ years)
  • $17,324Average Assets, year-to-date
  • $5,074,109Average Assets, quarterly
  • $1,708,138Volatile liabilities
  • $6,826,055Insider loans
  • $6,690,309FHLB advances
  • $1,034,434Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $1,923Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,248,178Total unused commitments
  • $0Restructured Loans and leases
  • $70,695Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $104,505Total interest income
  • $38,520Total interest expense
  • $65,985Net interest income
  • $3,476Provision for loan and lease losses
  • $11,374Total noninterest income
  • $1,016Fiduciary activities
  • $1,236Service charges on deposit accounts
  • $0Trading account gains & fees
  • $9,122Additional noninterest income
  • $47,022Total noninterest expense
  • $25,093Salaries and employee benefits
  • $6,861Premises and equipment expense
  • $15,068Additional noninterest expense
  • $26,861Pre-tax net operating income
  • -$12Securities gains (losses)
  • $9,422Applicable income taxes
  • $17,427Income before extraordinary items
  • $0Extraordinary gains - net
  • $17,427Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $3,476Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 1.73%Yield on earning assets
  • 0.64%Cost of funding earning assets
  • 1.09%Net interest margin
  • 0.19%Noninterest income to earning assets
  • 0.78%Noninterest expense to earning assets
  • 0.26%Net operating income to assets
  • 0.26%Return on assets (ROA)
  • 0.39%Pretax return on assets
  • 2.03%Return on equity (ROE)
  • 2.03%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • 100.00%Credit loss provision to net charge-offs
  • 8.73%Efficiency ratio
  • 55,014Assets per employee
  • 7.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.63%Loss allowance to noncurrent loans
  • 158.60%Noncurrent assets plus other real estate owned to assets
  • 0.80%Noncurrent loans to loans
  • 1.03%Net loans and leases to deposits
  • 123.21%Net loans and leases to core deposits
  • 134.39%Equity capital to assets
  • 21.61%Core capital (leverage) ratio
  • 10.42%Tier 1 risk-based capital ratio
  • 10.85%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $6,826,055Average earning assets
  • $858,087Average equity
  • $6,054,415Average loans

Total Fiduciary and Related Assets (December 31, 2007)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $376,111Managed Assets
  • 1Number of Accounts
  • $358,989Personal trust and agency accounts
  • $212,219Employee benefit-defined contribution accounts
  • $17,904Employee benefit-defined benefit accounts
  • $865Other retirement accounts
  • $13,318Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $6,980Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $107,703Non-managed Assets
  • 511Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $17,122Other retirement accounts
  • $4,415Corporate trust and agency accounts
  • $3,721Other fiduciary accounts
  • $5,835Fiduciary accounts held in foreign offices

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