Legacy Bank, N.A. in La Jolla, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 16, 2005

  • Legacy Bank, N.A. in La Jolla, California (CA)
  • Show street view No street view available for this location

Legacy Bank, N.A. - Overview

  • General
  • FDIC Certificate #: 57437
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Landmark National Bank (#57324)
    Federal Reserve ID: 3155134
    Date Established: December 12, 2002
    WWW: http://www.legacysandiego.com
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 363576
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: December 12, 2002
    Last Structure Change Effective Date: July 16, 2005
    Last Structure Change Process Date: August 31, 2005
    Last Data Update: August 31, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 1020 Prospect Street, La Jolla, CA 92037
    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: $41.2 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, 2004)

  • Dollar figures in thousands
  • 11Total employees (full-time equivalent)
  • $35,472Total assets
  • $2,381Cash and due from depository institutions
  • $2,170Interest-bearing balances
  • $6,406Securities
  • $2,035Federal funds sold & reverse repurchase agreements
  • $23,346Net loans & leases
  • $235Loan loss allowance
  • $0Trading account assets
  • $562Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $742All other assets
  • $35,472Total liabilities and capital
  • $29,553Total liabilities
  • $26,239Total deposits
  • $22,537Interest-bearing deposits
  • $26,239Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $600Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,560Other borrowed funds
  • $0Subordinated debt
  • $154All other liabilities
  • $5,919Total equity capital
  • $5,919Total bank equity capital
  • $5,919Perpetual preferred stock
  • $0Common stock
  • $4,750Surplus
  • $4,728Undivided profits
  • Memoranda
  • $-3,559Noncurrent loans and leases
  • $7,108Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $123Average Assets, year-to-date
  • $33,957Average Assets, quarterly
  • $755Volatile liabilities
  • $29,887Insider loans
  • $33,814FHLB advances
  • $12,659Loans and leases held for sale
  • $2,563Unused loan commitments
  • $2,560Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $7,108Total unused commitments
  • $0Restructured Loans and leases
  • $270Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $1,307Total interest income
  • $288Total interest expense
  • $1,019Net interest income
  • $95Provision for loan and lease losses
  • $34Total noninterest income
  • $0Fiduciary activities
  • $13Service charges on deposit accounts
  • $0Trading account gains & fees
  • $21Additional noninterest income
  • $2,026Total noninterest expense
  • $971Salaries and employee benefits
  • $500Premises and equipment expense
  • $555Additional noninterest expense
  • -$1,068Pre-tax net operating income
  • -$1Securities gains (losses)
  • $0Applicable income taxes
  • -$1,069Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,069Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.62%Yield on earning assets
  • 1.02%Cost of funding earning assets
  • 3.60%Net interest margin
  • 0.12%Noninterest income to earning assets
  • 7.17%Noninterest expense to earning assets
  • -3.57%Net operating income to assets
  • -3.58%Return on assets (ROA)
  • -3.58%Pretax return on assets
  • -16.75%Return on equity (ROE)
  • -16.75%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 192,403Assets per employee
  • 3.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.00%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 88.97%Net loans and leases to core deposits
  • 147.95%Equity capital to assets
  • 16.69%Core capital (leverage) ratio
  • 17.70%Tier 1 risk-based capital ratio
  • 22.40%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $29,887Average earning assets
  • $6,382Average equity
  • $28,268Average loans

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