Mission Community Bank in San Luis Obispo, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Mission Community Bank in San Luis Obispo, California (CA)
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Mission Community Bank - Overview

  • General
  • FDIC Certificate #: 34462
    Status: Active
    Federal Reserve ID: 2640530
    Bank Holding Company (Regulatory Top Holder): Scj, Inc. (RSSDID: 3811467, Location: Irvine, CA)
    Date Established: December 18, 1997
    WWW: http://www.missioncommunitybank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 10 (Domestic: 10, Interstate: No)
    FDIC's unique #: 57226
    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: December 18, 1997
    Last Structure Change Effective Date: October 22, 2011
    Last Structure Change Process Date: December 05, 2011
    Last Data Update: December 05, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 3380 S. Higuera Street, San Luis Obispo, CA 93401
    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)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $454.8 mil
    Equity capital: $37.9 mil
    Deposits held in domestic offices: $413.1 mil
    Return on assets (ROA): -0.85% (-$3.9 mil)
    Quarterly return on assets: -1.16% (-$5.3 mil)
    Return on Equity (ROE): -9.02% (-$3.4 mil)
    Quarterly return on equity: -12.53% (-$4.8 mil)
    Net income: -$2.2 mil
    Quarterly Net income: -$1.0 mil
    Pretax return on assets: -0.85% (-$3,865.8 mil)
    Quarterly Pretax return on assets: -1.16% (-$5,275.6 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
  • 128Total employees (full-time equivalent)
  • $454,796Total assets
  • $65,160Cash and due from depository institutions
  • $62,918Interest-bearing balances
  • $128,310Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $226,310Net loans & leases
  • $3,326Loan loss allowance
  • $0Trading account assets
  • $15,649Bank premises and fixed assets
  • $1,574Other real estate owned
  • $3,281Goodwill and other intangibles
  • $454,796Life insurance assets
  • $14,512All other assets
  • $416,923Total liabilities and capital
  • $413,103Total liabilities
  • $306,671Total deposits
  • $413,103Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $3,820Subordinated debt
  • $37,873All other liabilities
  • $37,873Total equity capital
  • $37,873Total bank equity capital
  • $0Perpetual preferred stock
  • $3,003Common stock
  • $44,872Surplus
  • $-10,002Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $115Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,538Income earned, not collected on loans
  • $981Earning assets
  • $1,433Long-term assets (5+ years)
  • $417,538Average Assets, year-to-date
  • $112,556Average Assets, quarterly
  • $258,135Volatile liabilities
  • $338,903Insider loans
  • $274,905FHLB advances
  • $402,902Loans and leases held for sale
  • $7,786Unused loan commitments
  • $7,786Tier 1 (core) risk-based capital
  • $32,997Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $38,703Restructured Loans and leases
  • $179Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,934Total interest income
  • $1,413Total interest expense
  • $9,521Net interest income
  • $600Provision for loan and lease losses
  • $1,508Total noninterest income
  • $0Fiduciary activities
  • $277Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,231Additional noninterest income
  • $12,625Total noninterest expense
  • $6,081Salaries and employee benefits
  • $2,356Premises and equipment expense
  • $4,188Additional noninterest expense
  • -$2,196Pre-tax net operating income
  • $7Securities gains (losses)
  • $5Applicable income taxes
  • -$2,194Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,194Net income attributable to bank
  • $0Net charge-offs
  • -$2,194Cash dividends
  • $472Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.53%Yield on earning assets
  • 0.59%Cost of funding earning assets
  • 3.95%Net interest margin
  • 0.62%Noninterest income to earning assets
  • 5.23%Noninterest expense to earning assets
  • -0.85%Net operating income to assets
  • -0.85%Return on assets (ROA)
  • -0.85%Pretax return on assets
  • -9.02%Return on equity (ROE)
  • -9.02%Retained earnings to average equity (YTD only)
  • 0.36%Net charge-offs to loans
  • 127.12%Credit loss provision to net charge-offs
  • -3.38%Efficiency ratio
  • 113,863Assets per employee
  • 3.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.45%Loss allowance to noncurrent loans
  • 50.87%Noncurrent assets plus other real estate owned to assets
  • 1.78%Noncurrent loans to loans
  • 2.85%Net loans and leases to deposits
  • 54.78%Net loans and leases to core deposits
  • 65.01%Equity capital to assets
  • 8.33%Core capital (leverage) ratio
  • 8.19%Tier 1 risk-based capital ratio
  • 12.00%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $258,135Average earning assets
  • $24,326Average equity
  • $241,300Average loans

List of branches

  • 9 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    057226Mission Community Bank3380 S. Higuera Street, San Luis Obispo, CA 93401December 18, 1997Full Service Brick and Mortar
    2365340Arroyo Grande - Village Branch154 West Branch Street, Suite A-1, Arroyo Grande, CA 93420June 01, 2002Full Service Brick and Mortar
    3365341Administration Branch3380 S. Higuera Street, San Luis Obispo, CA 93401June 30, 2001Limited Service Administrative
    6521543Main Office - South Higuera Branch3380 S Higuera Street, San Luis Obispo, CA 93401April 25, 2011Full Service Brick and Mortar
    7521544Food & Agribusiness Division Lpo300 South Esplanade Dr., Oxnard, CA 93036January 01, 2011Limited Service Administrative
    833036Atascadero Branch7480 El Camino Real, Atascadero, CA 93422August 05, 1985Full Service Brick and Mortar
    9259399Paso Robles Branch1240 Spring Street, Paso Robles, CA 93446Febuary 20, 1990Full Service Brick and Mortar
    1039626Arroyo Grande - East Grand1230 Grand Avenue, Arroyo Grande, CA 93420October 03, 1988Full Service Brick and Mortar
    11364356Santa Maria Branch1825 South Broadway, Santa Maria, CA 93456December 12, 2001Full Service Brick and Mortar

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