Heritage Oaks Bank in Paso Robles, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Heritage Oaks Bank - Overview

  • General
  • FDIC Certificate #: 24229
    Status: Active
    Federal Reserve ID: 797467
    Bank Holding Company (Regulatory Top Holder): Heritage Oaks Bancorp (RSSDID: 2253529, Location: Paso Robles, CA)
    Date Established: January 19, 1983
    WWW: http://www.heritageoaksbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 14 (Domestic: 14, Interstate: No)
    FDIC's unique #: 16874
    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: January 19, 1983
    Last Structure Change Effective Date: November 30, 2011
    Last Structure Change Process Date: January 06, 2012
    Last Data Update: January 06, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 545 Twelfth Street, Paso Robles, CA 93446
    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)
  • Financial Summary
  • Total assets: $982.9 mil
    Equity capital: $135.2 mil
    Deposits held in domestic offices: $786.8 mil
    Return on assets (ROA): 0.81% ($8.0 mil)
    Quarterly return on assets: 1.72% ($16.9 mil)
    Return on Equity (ROE): 6.07% ($8.2 mil)
    Quarterly return on equity: 12.68% ($17.1 mil)
    Net income: $7.9 mil
    Quarterly Net income: $4.2 mil
    Pretax return on assets: 1.00% ($9,828.7 mil)
    Quarterly Pretax return on assets: 1.78% ($17,495.2 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, 2011)

  • Dollar figures in thousands
  • 256Total employees (full-time equivalent)
  • $982,874Total assets
  • $31,752Cash and due from depository institutions
  • $12,894Interest-bearing balances
  • $236,982Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $647,808Net loans & leases
  • $19,314Loan loss allowance
  • $0Trading account assets
  • $5,276Bank premises and fixed assets
  • $917Other real estate owned
  • $12,789Goodwill and other intangibles
  • $982,874Life insurance assets
  • $47,350All other assets
  • $847,633Total liabilities and capital
  • $786,752Total liabilities
  • $568,964Total deposits
  • $786,752Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $51,500Trading liabilities
  • $0Other borrowed funds
  • $9,381Subordinated debt
  • $135,241All other liabilities
  • $135,241Total equity capital
  • $135,241Total bank equity capital
  • $0Perpetual preferred stock
  • $26,833Common stock
  • $84,577Surplus
  • $23,831Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $21,947Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11,118Income earned, not collected on loans
  • $231Earning assets
  • $3,841Long-term assets (5+ years)
  • $897,684Average Assets, year-to-date
  • $396,510Average Assets, quarterly
  • $975,396Volatile liabilities
  • $980,898Insider loans
  • $783,014FHLB advances
  • $958,514Loans and leases held for sale
  • $14,835Unused loan commitments
  • $10,145Tier 1 (core) risk-based capital
  • $113,608Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,690Total unused commitments
  • $142,413Restructured Loans and leases
  • $25,772Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $48,208Total interest income
  • $4,854Total interest expense
  • $43,354Net interest income
  • $6,063Provision for loan and lease losses
  • $6,551Total noninterest income
  • $0Fiduciary activities
  • $2,456Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,095Additional noninterest income
  • $35,774Total noninterest expense
  • $17,572Salaries and employee benefits
  • $5,510Premises and equipment expense
  • $12,692Additional noninterest expense
  • $8,068Pre-tax net operating income
  • $1,729Securities gains (losses)
  • $1,929Applicable income taxes
  • $7,868Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,868Net income attributable to bank
  • $0Net charge-offs
  • $7,868Cash dividends
  • $11,689Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.42%Yield on earning assets
  • 0.55%Cost of funding earning assets
  • 4.88%Net interest margin
  • 0.74%Noninterest income to earning assets
  • 4.03%Noninterest expense to earning assets
  • 0.66%Net operating income to assets
  • 0.81%Return on assets (ROA)
  • 1.00%Pretax return on assets
  • 6.07%Return on equity (ROE)
  • 6.07%Retained earnings to average equity (YTD only)
  • 1.74%Net charge-offs to loans
  • 51.87%Credit loss provision to net charge-offs
  • 1.21%Efficiency ratio
  • 70,793Assets per employee
  • 3.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.90%Loss allowance to noncurrent loans
  • 173.72%Noncurrent assets plus other real estate owned to assets
  • 1.22%Noncurrent loans to loans
  • 1.67%Net loans and leases to deposits
  • 82.34%Net loans and leases to core deposits
  • 84.59%Equity capital to assets
  • 13.76%Core capital (leverage) ratio
  • 11.85%Tier 1 risk-based capital ratio
  • 14.51%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $975,396Average earning assets
  • $129,682Average equity
  • $888,662Average loans

List of branches

  • 14 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016874Heritage Oaks Bank545 Twelfth Street, Paso Robles, CA 93446January 19, 1983Full Service Brick and Mortar
    1286939San Luis Obispo Branch1501 Froom Ranch Way, San Luis Obispo, CA 93405June 30, 1986Full Service Brick and Mortar
    2257101Woodland Plaza Branch400 South River Road, Paso Robles, CA 93446June 05, 1994Full Service Brick and Mortar
    3257102San Luis Obispo Branch1135 Santa Rosa Street, San Luis Obispo, CA 93401April 15, 1996Full Service Brick and Mortar
    4199778Cambria Branch1276 Tamson Road, Cambria, CA 93428December 02, 1991Full Service Brick and Mortar
    5257103Atascadero Branch9900 E Camino Real, Atascadero, CA 93422March 15, 1999Full Service Brick and Mortar
    8259138Morro Bay Branch310 Morro Bay Boulevard, Morro Bay, CA 93442March 01, 1989Full Service Brick and Mortar
    9259137Arroyo Grande Branch1255 Grand Avenue, Arroyo Grande, CA 93420April 25, 1988Full Service Brick and Mortar
    1038999Heritage Oaks Bank - Town Center Wes361 Town Center West, Santa Maria, CA 93458January 19, 1988Full Service Brick and Mortar
    11261296Heritage Oaks Bank - Oak Knolls Br1125 East Clark Avenue, Santa Maria, CA 93455July 01, 1998Full Service Brick and Mortar
    12261297Heritage Oaks Bank - So. Broadway Br2339 South Broadway, Santa Maria, CA 93454January 19, 1999Full Service Brick and Mortar
    13466703Templeton Office Branch1255 Las Tablas Rd, Ste 101, Templeton, CA 93465August 15, 2006Full Service Brick and Mortar
    1480235Milpas Branch800 North. Milpas Street, Suite A, Santa Barbara, CA 93103January 26, 2001Full Service Brick and Mortar
    15450856State Street Branch1035 State Street, Santa Barbara, CA 93101January 27, 2005Full Service Brick and Mortar

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