Mission Bank in Bakersfield, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Mission Bank - Overview

  • General
  • FDIC Certificate #: 34805
    Status: Active
    Federal Reserve ID: 2736714
    Bank Holding Company (Regulatory Top Holder): Mission Bancorp (RSSDID: 3108082, Location: Bakersfield, CA)
    Date Established: October 07, 1998
    WWW: http://www.missionbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 61653
    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 07, 1998
    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: 1330 Truxton Avenue, Bakersfield, CA 93301
    County: Kern
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Los Angeles (North)
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Bakersfield, CA (#680)
    Core Based Statistical Area (CBSA): Bakersfield-Delano, CA (#12540)
    CBSA Metro Statistical Area: Bakersfield-Delano, CA (#12540)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $246.4 mil
    Equity capital: $27.0 mil
    Deposits held in domestic offices: $217.0 mil
    Return on assets (ROA): 0.87% ($2.1 mil)
    Quarterly return on assets: 0.69% ($1.7 mil)
    Return on Equity (ROE): 8.05% ($2.2 mil)
    Quarterly return on equity: 6.36% ($1.7 mil)
    Net income: $2.1 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.46% ($3,597.7 mil)
    Quarterly Pretax return on assets: 1.13% ($2,784.5 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
  • 48Total employees (full-time equivalent)
  • $246,417Total assets
  • $75,424Cash and due from depository institutions
  • $61,410Interest-bearing balances
  • $43,403Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $116,634Net loans & leases
  • $2,116Loan loss allowance
  • $0Trading account assets
  • $902Bank premises and fixed assets
  • $813Other real estate owned
  • $0Goodwill and other intangibles
  • $246,417Life insurance assets
  • $9,241All other assets
  • $219,373Total liabilities and capital
  • $217,011Total liabilities
  • $124,462Total deposits
  • $217,011Interest-bearing deposits
  • $77Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,362Subordinated debt
  • $27,044All other liabilities
  • $27,044Total equity capital
  • $27,044Total bank equity capital
  • $0Perpetual preferred stock
  • $7,319Common stock
  • $632Surplus
  • $19,093Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,041Income earned, not collected on loans
  • $0Earning assets
  • $777Long-term assets (5+ years)
  • $221,447Average Assets, year-to-date
  • $81,097Average Assets, quarterly
  • $239,920Volatile liabilities
  • $247,592Insider loans
  • $159,212FHLB advances
  • $249,729Loans and leases held for sale
  • $4,829Unused loan commitments
  • $2,951Tier 1 (core) risk-based capital
  • $26,875Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,878Total unused commitments
  • $41,230Restructured Loans and leases
  • $9,704Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,501Total interest income
  • $682Total interest expense
  • $8,819Net interest income
  • $465Provision for loan and lease losses
  • $1,662Total noninterest income
  • $0Fiduciary activities
  • $1,363Service charges on deposit accounts
  • $0Trading account gains & fees
  • $299Additional noninterest income
  • $6,522Total noninterest expense
  • $3,738Salaries and employee benefits
  • $619Premises and equipment expense
  • $2,165Additional noninterest expense
  • $3,494Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,396Applicable income taxes
  • $2,098Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,098Net income attributable to bank
  • $0Net charge-offs
  • $2,098Cash dividends
  • $544Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.40%Yield on earning assets
  • 0.32%Cost of funding earning assets
  • 4.09%Net interest margin
  • 0.77%Noninterest income to earning assets
  • 3.02%Noninterest expense to earning assets
  • 0.87%Net operating income to assets
  • 0.87%Return on assets (ROA)
  • 1.46%Pretax return on assets
  • 8.05%Return on equity (ROE)
  • 8.05%Retained earnings to average equity (YTD only)
  • 0.45%Net charge-offs to loans
  • 85.48%Credit loss provision to net charge-offs
  • 7.28%Efficiency ratio
  • 62,227Assets per employee
  • 5.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.78%Loss allowance to noncurrent loans
  • 203.27%Noncurrent assets plus other real estate owned to assets
  • 0.75%Noncurrent loans to loans
  • 0.88%Net loans and leases to deposits
  • 53.75%Net loans and leases to core deposits
  • 58.16%Equity capital to assets
  • 10.97%Core capital (leverage) ratio
  • 10.76%Tier 1 risk-based capital ratio
  • 16.88%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $239,920Average earning assets
  • $26,048Average equity
  • $215,698Average loans

List of branches

  • 3 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    061653Mission Bank1330 Truxton Avenue, Bakersfield, CA 93301October 07, 1998Full Service Brick and Mortar
    2364328Panama Branch10 Panama Road, Bakersfield, CA 93307June 03, 2002Full Service Brick and Mortar
    3454673Shafter Branch1110 E. Lerdo Highway, Shafter, CA 93263June 12, 2006Full Service Brick and Mortar

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