New Resource Bank in San Francisco, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches


New Resource Bank - Overview

  • General
  • FDIC Certificate #: 58329
    Status: Active
    Federal Reserve ID: 3471209
    Date Established: September 19, 2006
    WWW: http://www.newresourcebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 446207
    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: September 19, 2006
    Last Structure Change Effective Date: May 14, 2009
    Last Structure Change Process Date: May 14, 2009
    Last Data Update: May 14, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 405 Howard Street, Suite 110, San Francisco, CA 94105
    County: San Francisco
    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): San Francisco, CA (#7360)
    Consolidated Metropolitan Statistical Area (CMSA): San Francisco-Oakland-San Jose, CA (#84)
    Combined Statistical Area (CSA): San Jose-San Francisco-Oakland, CA (#488)
    Core Based Statistical Area (CBSA): San Francisco-Oakland-Fremont, CA (#41860)
    CBSA Metro Statistical Area: San Francisco-Oakland-Fremont, CA (#41860)
    Core Based Statistical Division: San Francisco-San Mateo-Redwood City, CA (#41884)
  • Financial Summary
  • Total assets: $170.8 mil
    Equity capital: $19.4 mil
    Deposits held in domestic offices: $149.6 mil
    Return on assets (ROA): -0.44% (-$0.8 mil)
    Quarterly return on assets: 0.33% ($0.6 mil)
    Return on Equity (ROE): -3.68% (-$0.7 mil)
    Quarterly return on equity: 2.86% ($0.5 mil)
    Net income: -$0.7 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: -0.44% (-$751.6 mil)
    Quarterly Pretax return on assets: 0.33% ($563.7 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
  • 32Total employees (full-time equivalent)
  • $170,822Total assets
  • $38,948Cash and due from depository institutions
  • $33,340Interest-bearing balances
  • $15,081Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $112,704Net loans & leases
  • $2,669Loan loss allowance
  • $0Trading account assets
  • $1,466Bank premises and fixed assets
  • $1,262Other real estate owned
  • $0Goodwill and other intangibles
  • $170,822Life insurance assets
  • $1,361All other assets
  • $151,390Total liabilities and capital
  • $149,553Total liabilities
  • $81,477Total deposits
  • $149,553Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,837Subordinated debt
  • $19,432All other liabilities
  • $19,432Total equity capital
  • $19,432Total bank equity capital
  • $0Perpetual preferred stock
  • $39,518Common stock
  • $3,056Surplus
  • $-23,142Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,018Income earned, not collected on loans
  • $0Earning assets
  • $439Long-term assets (5+ years)
  • $161,125Average Assets, year-to-date
  • $42,563Average Assets, quarterly
  • $160,601Volatile liabilities
  • $165,735Insider loans
  • $131,888FHLB advances
  • $164,426Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $18,864Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $33,351Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,845Total interest income
  • $243Total interest expense
  • $7,602Net interest income
  • $975Provision for loan and lease losses
  • $679Total noninterest income
  • $0Fiduciary activities
  • $339Service charges on deposit accounts
  • $0Trading account gains & fees
  • $340Additional noninterest income
  • $8,018Total noninterest expense
  • $4,220Salaries and employee benefits
  • $984Premises and equipment expense
  • $2,814Additional noninterest expense
  • -$712Pre-tax net operating income
  • $0Securities gains (losses)
  • $1Applicable income taxes
  • -$713Income before extraordinary items
  • $0Extraordinary gains - net
  • -$713Net income attributable to bank
  • $0Net charge-offs
  • -$713Cash dividends
  • $924Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.20%Yield on earning assets
  • 0.16%Cost of funding earning assets
  • 5.04%Net interest margin
  • 0.45%Noninterest income to earning assets
  • 5.31%Noninterest expense to earning assets
  • -0.44%Net operating income to assets
  • -0.44%Return on assets (ROA)
  • -0.44%Pretax return on assets
  • -3.68%Return on equity (ROE)
  • -3.68%Retained earnings to average equity (YTD only)
  • 0.84%Net charge-offs to loans
  • 105.52%Credit loss provision to net charge-offs
  • 0.28%Efficiency ratio
  • 96,824Assets per employee
  • 5.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.31%Loss allowance to noncurrent loans
  • 44.35%Noncurrent assets plus other real estate owned to assets
  • 4.26%Noncurrent loans to loans
  • 5.22%Net loans and leases to deposits
  • 75.36%Net loans and leases to core deposits
  • 80.83%Equity capital to assets
  • 11.38%Core capital (leverage) ratio
  • 11.47%Tier 1 risk-based capital ratio
  • 14.30%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $160,601Average earning assets
  • $19,350Average equity
  • $150,952Average loans

List of branches

  • 1 California Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0446207New Resource Bank405 Howard Street, Suite 110, San Francisco, CA 94105September 19, 2006Full Service Brick and Mortar

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