Lighthouse Bank in Santa Cruz, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Lighthouse Bank - Overview

  • General
  • FDIC Certificate #: 58646
    Status: Active
    Federal Reserve ID: 3648337
    Date Established: October 29, 2007
    WWW: http://www.lighthousebank.net
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 461040
    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: October 29, 2007
    Last Structure Change Effective Date: May 13, 2008
    Last Structure Change Process Date: May 13, 2008
    Last Data Update: May 13, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 111 Mission Street, Santa Cruz, CA 95060
    County: Santa Cruz
    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): Santa Cruz-Watsonville, CA (#7485)
    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): Santa Cruz-Watsonville, CA (#42100)
    CBSA Metro Statistical Area: Santa Cruz-Watsonville, CA (#42100)
  • Financial Summary
  • Total assets: $143.1 mil
    Equity capital: $18.7 mil
    Deposits held in domestic offices: $123.9 mil
    Return on assets (ROA): 1.14% ($1.6 mil)
    Quarterly return on assets: 1.14% ($1.6 mil)
    Return on Equity (ROE): 7.94% ($1.5 mil)
    Quarterly return on equity: 8.59% ($1.6 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.06% ($1,517.3 mil)
    Quarterly Pretax return on assets: 1.30% ($1,860.9 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
  • 19Total employees (full-time equivalent)
  • $143,144Total assets
  • $49,535Cash and due from depository institutions
  • $47,449Interest-bearing balances
  • $7,107Securities
  • $50Federal funds sold & reverse repurchase agreements
  • $83,093Net loans & leases
  • $2,855Loan loss allowance
  • $0Trading account assets
  • $100Bank premises and fixed assets
  • $396Other real estate owned
  • $0Goodwill and other intangibles
  • $143,144Life insurance assets
  • $2,863All other assets
  • $124,412Total liabilities and capital
  • $123,882Total liabilities
  • $92,516Total deposits
  • $123,882Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $530Subordinated debt
  • $18,732All other liabilities
  • $18,732Total equity capital
  • $18,732Total bank equity capital
  • $0Perpetual preferred stock
  • $18,485Common stock
  • $1,108Surplus
  • $-861Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $330Long-term assets (5+ years)
  • $137,699Average Assets, year-to-date
  • $36,115Average Assets, quarterly
  • $125,738Volatile liabilities
  • $139,861Insider loans
  • $98,836FHLB advances
  • $139,357Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $18,624Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $13,552Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,214Total interest income
  • $642Total interest expense
  • $5,572Net interest income
  • $930Provision for loan and lease losses
  • $267Total noninterest income
  • $0Fiduciary activities
  • $121Service charges on deposit accounts
  • $0Trading account gains & fees
  • $146Additional noninterest income
  • $3,570Total noninterest expense
  • $2,126Salaries and employee benefits
  • $399Premises and equipment expense
  • $1,045Additional noninterest expense
  • $1,339Pre-tax net operating income
  • $0Securities gains (losses)
  • -$89Applicable income taxes
  • $1,428Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,428Net income attributable to bank
  • $0Net charge-offs
  • $1,428Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.21%Yield on earning assets
  • 0.54%Cost of funding earning assets
  • 4.67%Net interest margin
  • 0.22%Noninterest income to earning assets
  • 2.99%Noninterest expense to earning assets
  • 1.14%Net operating income to assets
  • 1.14%Return on assets (ROA)
  • 1.06%Pretax return on assets
  • 7.94%Return on equity (ROE)
  • 7.94%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
  • 61,141Assets per employee
  • 7.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.32%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.28%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 67.07%Net loans and leases to core deposits
  • 69.38%Equity capital to assets
  • 13.09%Core capital (leverage) ratio
  • 13.36%Tier 1 risk-based capital ratio
  • 18.84%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $125,738Average earning assets
  • $17,985Average equity
  • $119,368Average loans

List of branches

  • 1 California Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0461040Lighthouse Bank111 Mission Street, Santa Cruz, CA 95060October 29, 2007Full Service Brick and Mortar

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