FDIC Certificate #: 18396 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Rabobank, National Association (#23364) Federal Reserve ID: 24266 Date Established: June 12, 1961 WWW:http://www.midstatebank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 41 (Interstate: No) FDIC's unique #: 12302 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: June 12, 1961 Last Structure Change Effective Date: May 01, 2007 Last Structure Change Process Date: May 29, 2007 Last Data Update: May 29, 2007 Data Source Date: April 05, 2012
Location
Address: 1026 Grand Avenue, Arroyo Grande, CA 93420 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: $2,412.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
834Total employees (full-time equivalent)
$2,355,454Total assets
$99,675Cash and due from depository institutions
$0Interest-bearing balances
$479,033Securities
$38,582Federal funds sold & reverse repurchase agreements
$1,575,658Net loans & leases
$11,870Loan loss allowance
$0Trading account assets
$32,131Bank premises and fixed assets
$0Other real estate owned
$55,897Goodwill and other intangibles
$4,892Life insurance assets
$74,478All other assets
$2,355,454Total liabilities and capital
$2,083,969Total liabilities
$2,010,932Total deposits
$1,481,642Interest-bearing deposits
$2,010,932Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$49,400Other borrowed funds
$0Subordinated debt
$23,637All other liabilities
$271,485Total equity capital
$271,485Total bank equity capital
$271,485Perpetual preferred stock
$0Common stock
$99,689Surplus
$39,391Undivided profits
Memoranda
$132,405Noncurrent loans and leases
$658,045Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$526Earning assets
$30Long-term assets (5+ years)
$13,128Average Assets, year-to-date
$2,093,273Average Assets, quarterly
$343,858Volatile liabilities
$2,367,063Insider loans
$2,361,359FHLB advances
$229,392Loans and leases held for sale
$33,613Unused loan commitments
$47,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$12,840Total risk weighted assets
$658,045Total unused commitments
$0Restructured Loans and leases
$13,700Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$145,795Total interest income
$27,404Total interest expense
$118,391Net interest income
$0Provision for loan and lease losses
$21,183Total noninterest income
$1,484Fiduciary activities
$10,168Service charges on deposit accounts
$0Trading account gains & fees
$9,531Additional noninterest income
$81,813Total noninterest expense
$46,551Salaries and employee benefits
$12,928Premises and equipment expense
$22,334Additional noninterest expense
$57,761Pre-tax net operating income
-$32Securities gains (losses)
$20,523Applicable income taxes
$37,206Income before extraordinary items
$0Extraordinary gains - net
$37,206Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$26Sale, conversion, retirement of capital stock, net
$30,990Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.92%Yield on earning assets
1.30%Cost of funding earning assets
5.62%Net interest margin
1.01%Noninterest income to earning assets
3.88%Noninterest expense to earning assets
1.57%Net operating income to assets
1.57%Return on assets (ROA)
2.44%Pretax return on assets
14.03%Return on equity (ROE)
2.34%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
2221.58%Efficiency ratio
57,991Assets per employee
2.82%Cash dividends to net income (YTD only)
Condition Ratios (%)
83.29%Loss allowance to loans
0.75%Loss allowance to noncurrent loans
2256.65%Noncurrent assets plus other real estate owned to assets
0.02%Noncurrent loans to loans
0.03%Net loans and leases to deposits
78.35%Net loans and leases to core deposits
88.44%Equity capital to assets
11.53%Core capital (leverage) ratio
9.43%Tier 1 risk-based capital ratio
11.51%Total risk-based capital ratio
Memoranda
$12Average assets
$2,367,063Average earning assets
$265,227Average equity
$2,106,402Average loans
Total Fiduciary and Related Assets (December 31, 2006)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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