Ojai Valley Bank in Ojai, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 01, 2003

  • Ojai Valley Bank in Ojai, California (CA)
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Ojai Valley Bank - Overview

  • General
  • FDIC Certificate #: 21017
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Mid-State Bank & Trust (#18396)
    Federal Reserve ID: 537065
    Date Established: March 30, 1973
    WWW: http://www.ojaibank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 14519
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: March 30, 1973
    Last Structure Change Effective Date: November 01, 2003
    Last Structure Change Process Date: November 24, 2003
    Last Data Update: November 24, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 1207 Maricopa Road, Ojai, CA 93023
    County: Ventura
    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): Ventura, CA (#8735)
    Consolidated Metropolitan Statistical Area (CMSA): Los Angeles-Riverside-Orange County, CA (#49)
    Combined Statistical Area (CSA): Los Angeles-Long Beach-Riverside, CA (#348)
    Core Based Statistical Area (CBSA): Oxnard-Thousand Oaks-Ventura, CA (#37100)
    CBSA Metro Statistical Area: Oxnard-Thousand Oaks-Ventura, CA (#37100)
  • Financial Summary
  • Total assets: $87.9 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, 2002)

  • Dollar figures in thousands
  • 39Total employees (full-time equivalent)
  • $82,868Total assets
  • $6,379Cash and due from depository institutions
  • $0Interest-bearing balances
  • $31,818Securities
  • $8,565Federal funds sold & reverse repurchase agreements
  • $33,926Net loans & leases
  • $656Loan loss allowance
  • $0Trading account assets
  • $342Bank premises and fixed assets
  • $378Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,460All other assets
  • $82,868Total liabilities and capital
  • $75,288Total liabilities
  • $75,022Total deposits
  • $55,357Interest-bearing deposits
  • $75,022Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $266All other liabilities
  • $7,580Total equity capital
  • $7,580Total bank equity capital
  • $7,580Perpetual preferred stock
  • $0Common stock
  • $369Surplus
  • $1,228Undivided profits
  • Memoranda
  • $5,983Noncurrent loans and leases
  • $9,333Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $13Earning assets
  • $0Long-term assets (5+ years)
  • $656Average Assets, year-to-date
  • $74,309Average Assets, quarterly
  • $898Volatile liabilities
  • $82,038Insider loans
  • $83,181FHLB advances
  • $8,136Loans and leases held for sale
  • $944Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $9,333Total unused commitments
  • $27Restructured Loans and leases
  • $593Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $4,880Total interest income
  • $774Total interest expense
  • $4,106Net interest income
  • $0Provision for loan and lease losses
  • $600Total noninterest income
  • $0Fiduciary activities
  • $434Service charges on deposit accounts
  • $0Trading account gains & fees
  • $166Additional noninterest income
  • $2,982Total noninterest expense
  • $1,619Salaries and employee benefits
  • $372Premises and equipment expense
  • $991Additional noninterest expense
  • $1,724Pre-tax net operating income
  • $0Securities gains (losses)
  • $628Applicable income taxes
  • $1,096Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,096Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$16Sale, conversion, retirement of capital stock, net
  • $591Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.61%Yield on earning assets
  • 1.05%Cost of funding earning assets
  • 5.56%Net interest margin
  • 0.81%Noninterest income to earning assets
  • 4.04%Noninterest expense to earning assets
  • 1.34%Net operating income to assets
  • 1.34%Return on assets (ROA)
  • 2.10%Pretax return on assets
  • 14.76%Return on equity (ROE)
  • 6.80%Retained earnings to average equity (YTD only)
  • -0.05%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 63,366Assets per employee
  • 2.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 53.92%Loss allowance to loans
  • 1.90%Loss allowance to noncurrent loans
  • 5046.15%Noncurrent assets plus other real estate owned to assets
  • 0.47%Noncurrent loans to loans
  • 0.04%Net loans and leases to deposits
  • 45.22%Net loans and leases to core deposits
  • 50.72%Equity capital to assets
  • 9.15%Core capital (leverage) ratio
  • 9.12%Tier 1 risk-based capital ratio
  • 15.96%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $82,038Average earning assets
  • $7,424Average equity
  • $73,787Average loans

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