Liberty Bank in South San Francisco, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Liberty Bank - Overview

  • General
  • FDIC Certificate #: 23754
    Status: Active
    Federal Reserve ID: 478766
    Bank Holding Company (Regulatory Top Holder): Liberty Bancorp (RSSDID: 2942832, Location: South San Francisco, CA)
    Date Established: April 07, 1982
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 16605
    Numeric code: 13
    Regulator: FED
    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: April 07, 1982
    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: 500 Linden Avenue, South San Francisco, CA 94080
    County: San Mateo
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $216.8 mil
    Equity capital: $24.6 mil
    Deposits held in domestic offices: $191.2 mil
    Return on assets (ROA): -0.53% (-$1.2 mil)
    Quarterly return on assets: 1.54% ($3.3 mil)
    Return on Equity (ROE): -5.30% (-$1.3 mil)
    Quarterly return on equity: 14.51% ($3.6 mil)
    Net income: -$1.2 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: -0.53% (-$1,149.0 mil)
    Quarterly Pretax return on assets: 1.45% ($3,143.5 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
  • 55Total employees (full-time equivalent)
  • $216,790Total assets
  • $22,708Cash and due from depository institutions
  • $20,108Interest-bearing balances
  • $63,491Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $121,686Net loans & leases
  • $5,622Loan loss allowance
  • $0Trading account assets
  • $2,575Bank premises and fixed assets
  • $1,578Other real estate owned
  • $0Goodwill and other intangibles
  • $216,789Life insurance assets
  • $4,752All other assets
  • $192,176Total liabilities and capital
  • $191,151Total liabilities
  • $156,790Total deposits
  • $191,151Interest-bearing deposits
  • $66Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,025Subordinated debt
  • $24,613All other liabilities
  • $24,613Total equity capital
  • $24,613Total bank equity capital
  • $0Perpetual preferred stock
  • $5,033Common stock
  • $18,097Surplus
  • $1,483Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,786Income earned, not collected on loans
  • $0Earning assets
  • $1,422Long-term assets (5+ years)
  • $205,285Average Assets, year-to-date
  • $55,168Average Assets, quarterly
  • $223,935Volatile liabilities
  • $218,409Insider loans
  • $189,953FHLB advances
  • $219,562Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $24,664Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $18,960Restructured Loans and leases
  • $1,446Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,891Total interest income
  • $1,237Total interest expense
  • $8,654Net interest income
  • $1,750Provision for loan and lease losses
  • $381Total noninterest income
  • $0Fiduciary activities
  • $652Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$271Additional noninterest income
  • $8,480Total noninterest expense
  • $4,317Salaries and employee benefits
  • $857Premises and equipment expense
  • $3,306Additional noninterest expense
  • -$1,195Pre-tax net operating income
  • $0Securities gains (losses)
  • $2Applicable income taxes
  • -$1,197Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,197Net income attributable to bank
  • $0Net charge-offs
  • -$1,197Cash dividends
  • $2,731Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.75%Yield on earning assets
  • 0.59%Cost of funding earning assets
  • 4.16%Net interest margin
  • 0.18%Noninterest income to earning assets
  • 4.07%Noninterest expense to earning assets
  • -0.53%Net operating income to assets
  • -0.53%Return on assets (ROA)
  • -0.53%Pretax return on assets
  • -5.30%Return on equity (ROE)
  • -5.30%Retained earnings to average equity (YTD only)
  • 1.80%Net charge-offs to loans
  • 64.08%Credit loss provision to net charge-offs
  • 0.20%Efficiency ratio
  • 93,857Assets per employee
  • 3.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.42%Loss allowance to noncurrent loans
  • 63.99%Noncurrent assets plus other real estate owned to assets
  • 4.79%Noncurrent loans to loans
  • 6.90%Net loans and leases to deposits
  • 63.66%Net loans and leases to core deposits
  • 90.25%Equity capital to assets
  • 11.35%Core capital (leverage) ratio
  • 11.23%Tier 1 risk-based capital ratio
  • 12.98%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $223,935Average earning assets
  • $22,579Average equity
  • $208,154Average loans

List of branches

  • 4 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016605Liberty Bank500 Linden Avenue, South San Francisco, CA 94080April 07, 1982Full Service Brick and Mortar
    1189744Boulder Creek Branch13233 Highway 9, Boulder Creek, CA 95006June 24, 1957Full Service Brick and Mortar
    3442242Palo Alto Branch251 Lytton Avenue, Suite 100, Palo Alto, CA 94301November 08, 2004Full Service Brick and Mortar
    4480016Felton Branch6230 Highway 9, Felton, CA 95018January 14, 2008Full Service Brick and Mortar

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