Monterey County Bank in Monterey, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Monterey County Bank in Monterey, California (CA)
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Monterey County Bank - Overview

  • General
  • FDIC Certificate #: 22460
    Status: Active
    Federal Reserve ID: 297761
    Bank Holding Company (Regulatory Top Holder): Northern California Bancorp, Inc. (RSSDID: 2349888, Location: Monterey, CA)
    Date Established: May 05, 1977
    WWW: http://www.montereycountybank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 10362
    FDIC's unique #: 15655
    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: May 05, 1977
    Last Structure Change Effective Date: January 31, 2011
    Last Structure Change Process Date: January 31, 2011
    Last Data Update: January 31, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 601 Munras Avenue, Monterey, CA 93940
    County: Monterey
    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): Salinas, CA (#7120)
    Core Based Statistical Area (CBSA): Salinas, CA (#41500)
    CBSA Metro Statistical Area: Salinas, CA (#41500)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $249.3 mil
    Equity capital: $18.8 mil
    Deposits held in domestic offices: $203.7 mil
    Return on assets (ROA): -3.08% (-$7.7 mil)
    Quarterly return on assets: -4.88% (-$12.2 mil)
    Return on Equity (ROE): -36.78% (-$7.0 mil)
    Quarterly return on equity: -61.88% (-$11.8 mil)
    Net income: -$8.2 mil
    Quarterly Net income: -$3.2 mil
    Pretax return on assets: -2.14% (-$5,334.3 mil)
    Quarterly Pretax return on assets: -2.62% (-$6,530.8 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)
  • $249,266Total assets
  • $10,513Cash and due from depository institutions
  • $6,722Interest-bearing balances
  • $42,219Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $153,308Net loans & leases
  • $4,208Loan loss allowance
  • $0Trading account assets
  • $4,145Bank premises and fixed assets
  • $28,925Other real estate owned
  • $82Goodwill and other intangibles
  • $249,266Life insurance assets
  • $10,074All other assets
  • $230,429Total liabilities and capital
  • $203,691Total liabilities
  • $172,281Total deposits
  • $203,691Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $23,000Trading liabilities
  • $0Other borrowed funds
  • $3,738Subordinated debt
  • $18,837All other liabilities
  • $18,837Total equity capital
  • $18,837Total bank equity capital
  • $0Perpetual preferred stock
  • $2,780Common stock
  • $7,250Surplus
  • $8,807Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,471Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,057Income earned, not collected on loans
  • $1,288Earning assets
  • $1,152Long-term assets (5+ years)
  • $202,249Average Assets, year-to-date
  • $72,587Average Assets, quarterly
  • $265,401Volatile liabilities
  • $259,395Insider loans
  • $185,965FHLB advances
  • $260,868Loans and leases held for sale
  • $4,354Unused loan commitments
  • $4,354Tier 1 (core) risk-based capital
  • $17,865Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $13,228Restructured Loans and leases
  • $4,810Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,282Total interest income
  • $3,668Total interest expense
  • $7,614Net interest income
  • $4,050Provision for loan and lease losses
  • $3,485Total noninterest income
  • $0Fiduciary activities
  • $321Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,164Additional noninterest income
  • $13,121Total noninterest expense
  • $3,128Salaries and employee benefits
  • $1,017Premises and equipment expense
  • $8,976Additional noninterest expense
  • -$6,072Pre-tax net operating income
  • $391Securities gains (losses)
  • $2,492Applicable income taxes
  • -$8,173Income before extraordinary items
  • $0Extraordinary gains - net
  • -$8,173Net income attributable to bank
  • $0Net charge-offs
  • -$8,173Cash dividends
  • $3,002Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.24%Yield on earning assets
  • 1.70%Cost of funding earning assets
  • 3.54%Net interest margin
  • 1.62%Noninterest income to earning assets
  • 6.10%Noninterest expense to earning assets
  • -3.23%Net operating income to assets
  • -3.08%Return on assets (ROA)
  • -2.14%Pretax return on assets
  • -36.78%Return on equity (ROE)
  • -36.78%Retained earnings to average equity (YTD only)
  • 1.93%Net charge-offs to loans
  • 134.91%Credit loss provision to net charge-offs
  • -0.67%Efficiency ratio
  • 118,218Assets per employee
  • 5.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.67%Loss allowance to noncurrent loans
  • 59.63%Noncurrent assets plus other real estate owned to assets
  • 14.44%Noncurrent loans to loans
  • 4.48%Net loans and leases to deposits
  • 75.26%Net loans and leases to core deposits
  • 83.44%Equity capital to assets
  • 7.56%Core capital (leverage) ratio
  • 6.85%Tier 1 risk-based capital ratio
  • 9.61%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $265,401Average earning assets
  • $22,219Average equity
  • $215,149Average loans

List of branches

  • 5 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    015655Monterey County Bank601 Munras Avenue, Monterey, CA 93940May 05, 1977Full Service Brick and Mortar
    2254637Carmel Rancho Branch3785 Via Nona Marie, Carmel Rancho, CA 93923April 01, 1981Full Service Brick and Mortar
    3254638Pacific Grove Branch542 Lighthouse Avenue, Pacific Grove, CA 93950April 14, 1997Full Service Brick and Mortar
    4365648Carmel By The Sea BranchWest Dolores And South 7th Streets, Carmel By The Sea, CA 93921November 26, 2002Full Service Brick and Mortar
    5478823Salinas Branch1127 South Main Street, Salinas, CA 93901May 29, 2008Full Service Brick and Mortar

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