Pacific Coast National Bank in San Clemente, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 13, 2009

  • Pacific Coast National Bank in San Clemente, California (CA)
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Pacific Coast National Bank - Overview

  • General
  • FDIC Certificate #: 57914
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Sunwest Bank (#20164)
    Federal Reserve ID: 3338843
    Date Established: May 16, 2005
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 430468
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: May 16, 2005
    Last Structure Change Effective Date: November 13, 2009
    Last Structure Change Process Date: November 17, 2009
    Last Data Update: November 17, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 905 Calle Amanecer, Suite 100, San Clemente, CA 92673
    County: Orange
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Orange
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Orange County, CA (#5945)
    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): Los Angeles-Long Beach-Santa Ana, CA (#31100)
    CBSA Metro Statistical Area: Los Angeles-Long Beach-Santa Ana, CA (#31100)
    Core Based Statistical Division: Santa Ana-Anaheim-Irvine, CA (#42044)
  • History of Changes
  • Absorption - Assisted
  • Financial Summary
  • Total assets: $131.4 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, 2008)

  • Dollar figures in thousands
  • 37Total employees (full-time equivalent)
  • $142,883Total assets
  • $12,835Cash and due from depository institutions
  • $225Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $128,331Net loans & leases
  • $6,550Loan loss allowance
  • $0Trading account assets
  • $550Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,167All other assets
  • $142,883Total liabilities and capital
  • $137,640Total liabilities
  • $137,192Total deposits
  • $106,451Interest-bearing deposits
  • $137,192Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $448All other liabilities
  • $5,243Total equity capital
  • $5,243Total bank equity capital
  • $5,243Perpetual preferred stock
  • $0Common stock
  • $2,090Surplus
  • $21,274Undivided profits
  • Memoranda
  • $-18,121Noncurrent loans and leases
  • $30,987Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $7,916Earning assets
  • $0Long-term assets (5+ years)
  • $497Average Assets, year-to-date
  • $128,556Average Assets, quarterly
  • $20,777Volatile liabilities
  • $129,633Insider loans
  • $140,478FHLB advances
  • $5,596Loans and leases held for sale
  • $2,124Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $30,987Total unused commitments
  • $0Restructured Loans and leases
  • $1,802Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $8,229Total interest income
  • $3,019Total interest expense
  • $5,210Net interest income
  • $7,937Provision for loan and lease losses
  • $1,064Total noninterest income
  • $0Fiduciary activities
  • $71Service charges on deposit accounts
  • $0Trading account gains & fees
  • $993Additional noninterest income
  • $6,883Total noninterest expense
  • $3,965Salaries and employee benefits
  • $954Premises and equipment expense
  • $1,964Additional noninterest expense
  • -$8,546Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$8,546Income before extraordinary items
  • $0Extraordinary gains - net
  • -$8,546Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $3,202Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.74%Yield on earning assets
  • 2.47%Cost of funding earning assets
  • 4.27%Net interest margin
  • 0.87%Noninterest income to earning assets
  • 5.64%Noninterest expense to earning assets
  • -6.59%Net operating income to assets
  • -6.59%Return on assets (ROA)
  • -6.59%Pretax return on assets
  • -81.82%Return on equity (ROE)
  • -81.82%Retained earnings to average equity (YTD only)
  • 2.72%Net charge-offs to loans
  • 247.88%Credit loss provision to net charge-offs
  • -0.19%Efficiency ratio
  • 109,707Assets per employee
  • 3.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.86%Loss allowance to noncurrent loans
  • 82.74%Noncurrent assets plus other real estate owned to assets
  • 5.54%Noncurrent loans to loans
  • 5.87%Net loans and leases to deposits
  • 93.54%Net loans and leases to core deposits
  • 97.52%Equity capital to assets
  • 3.67%Core capital (leverage) ratio
  • 3.59%Tier 1 risk-based capital ratio
  • 3.76%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $129,633Average earning assets
  • $10,445Average equity
  • $122,054Average loans

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