Mojave Desert Bank, National Association in Mojave, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Mojave Desert Bank, National Association in Mojave, California (CA)
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Mojave Desert Bank, National Association - Overview

  • General
  • FDIC Certificate #: 33484
    Status: Active
    Federal Reserve ID: 1877665
    Date Established: August 02, 1991
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 47192
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: August 02, 1991
    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: 15773 K Street, Mojave, CA 93501
    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: $105.1 mil
    Equity capital: $8.6 mil
    Deposits held in domestic offices: $96.0 mil
    Return on assets (ROA): -0.50% (-$0.5 mil)
    Quarterly return on assets: -0.16% (-$0.2 mil)
    Return on Equity (ROE): -5.86% (-$0.5 mil)
    Quarterly return on equity: -2.03% (-$0.2 mil)
    Net income: -$0.5 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: -0.50% (-$525.7 mil)
    Quarterly Pretax return on assets: -0.18% (-$189.3 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
  • 37Total employees (full-time equivalent)
  • $105,149Total assets
  • $37,574Cash and due from depository institutions
  • $33,434Interest-bearing balances
  • $11,575Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $47,685Net loans & leases
  • $1,567Loan loss allowance
  • $0Trading account assets
  • $4,328Bank premises and fixed assets
  • $431Other real estate owned
  • $0Goodwill and other intangibles
  • $105,149Life insurance assets
  • $3,556All other assets
  • $96,509Total liabilities and capital
  • $96,020Total liabilities
  • $37,166Total deposits
  • $96,020Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $489Subordinated debt
  • $8,640All other liabilities
  • $8,640Total equity capital
  • $8,640Total bank equity capital
  • $0Perpetual preferred stock
  • $2,179Common stock
  • $4,435Surplus
  • $2,026Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $537Income earned, not collected on loans
  • $0Earning assets
  • $271Long-term assets (5+ years)
  • $92,694Average Assets, year-to-date
  • $15,494Average Assets, quarterly
  • $102,849Volatile liabilities
  • $106,724Insider loans
  • $54,428FHLB advances
  • $105,167Loans and leases held for sale
  • $2,032Unused loan commitments
  • $2,032Tier 1 (core) risk-based capital
  • $8,576Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,931Restructured Loans and leases
  • $224Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,108Total interest income
  • $177Total interest expense
  • $3,931Net interest income
  • $918Provision for loan and lease losses
  • $909Total noninterest income
  • $0Fiduciary activities
  • $672Service charges on deposit accounts
  • $0Trading account gains & fees
  • $237Additional noninterest income
  • $4,453Total noninterest expense
  • $2,087Salaries and employee benefits
  • $501Premises and equipment expense
  • $1,865Additional noninterest expense
  • -$531Pre-tax net operating income
  • $13Securities gains (losses)
  • -$4Applicable income taxes
  • -$514Income before extraordinary items
  • $0Extraordinary gains - net
  • -$514Net income attributable to bank
  • $0Net charge-offs
  • -$514Cash dividends
  • $460Sale, 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
  • 0.20%Cost of funding earning assets
  • 4.33%Net interest margin
  • 1.00%Noninterest income to earning assets
  • 4.91%Noninterest expense to earning assets
  • -0.51%Net operating income to assets
  • -0.50%Return on assets (ROA)
  • -0.50%Pretax return on assets
  • -5.86%Return on equity (ROE)
  • -5.86%Retained earnings to average equity (YTD only)
  • 0.87%Net charge-offs to loans
  • 199.57%Credit loss provision to net charge-offs
  • 0.84%Efficiency ratio
  • 92,004Assets per employee
  • 2.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.18%Loss allowance to noncurrent loans
  • 291.81%Noncurrent assets plus other real estate owned to assets
  • 0.92%Noncurrent loans to loans
  • 1.09%Net loans and leases to deposits
  • 49.66%Net loans and leases to core deposits
  • 50.23%Equity capital to assets
  • 8.22%Core capital (leverage) ratio
  • 8.15%Tier 1 risk-based capital ratio
  • 15.76%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $102,849Average earning assets
  • $8,779Average equity
  • $90,706Average loans

List of branches

  • 5 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    047192Mojave Desert Bank, National Association15773 K Street, Mojave, CA 93501August 02, 1991Full Service Brick and Mortar
    3289651Helendale Office15055 Vista Rd, Helendale, CA 92342August 19, 1995Full Service Brick and Mortar
    5289652Loan Office Branch15772 K Street, Mojave, CA 93501August 17, 1998Limited Service Loan Production
    617342Ridgecrest Branch1450 North Norma, Ridgecrest, CA 93555March 01, 1984Full Service Brick and Mortar
    8463657Lancaster Branch43830 20th Street West, Lancaster, CA 93534April 25, 2007Full Service Brick and Mortar

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