FDIC Certificate #: 25087 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Scripps Bank (#24888) Federal Reserve ID: 688462 Date Established: April 09, 1984 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 17363 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: April 09, 1984 Last Structure Change Effective Date: August 31, 1998 Last Structure Change Process Date: September 14, 1998 Last Data Update: September 14, 1998 Data Source Date: April 05, 2012
Location
Address: 1196 Third Avenue, Chula Vista, CA 91911 County: San Diego 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): San Diego, CA (#7320) Core Based Statistical Area (CBSA): San Diego-Carlsbad-San Marcos, CA (#41740) CBSA Metro Statistical Area: San Diego-Carlsbad-San Marcos, CA (#41740)
Financial Summary
Total assets: $71.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
36Total employees (full-time equivalent)
$74,853Total assets
$8,914Cash and due from depository institutions
$5,737Interest-bearing balances
$14,815Securities
$8,900Federal funds sold & reverse repurchase agreements
$38,852Net loans & leases
$500Loan loss allowance
$0Trading account assets
$531Bank premises and fixed assets
$428Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,413All other assets
$74,853Total liabilities and capital
$68,213Total liabilities
$67,405Total deposits
$49,518Interest-bearing deposits
$67,405Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$808All other liabilities
$6,640Total equity capital
$6,640Total bank equity capital
$6,640Perpetual preferred stock
$0Common stock
$4,998Surplus
$0Undivided profits
Memoranda
$1,642Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$424Earning assets
$0Long-term assets (5+ years)
$271Average Assets, year-to-date
$68,304Average Assets, quarterly
$8,180Volatile liabilities
$68,478Insider loans
$71,538FHLB advances
$20,599Loans and leases held for sale
$1,700Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$797Total risk weighted assets
$5,314Total unused commitments
$0Restructured Loans and leases
$51,255Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$5,508Total interest income
$1,687Total interest expense
$3,821Net interest income
$101Provision for loan and lease losses
$1,190Total noninterest income
$0Fiduciary activities
$591Service charges on deposit accounts
$0Trading account gains & fees
$599Additional noninterest income
$3,203Total noninterest expense
$1,582Salaries and employee benefits
$500Premises and equipment expense
$1,121Additional noninterest expense
$1,707Pre-tax net operating income
-$23Securities gains (losses)
$678Applicable income taxes
$1,006Income before extraordinary items
$0Extraordinary gains - net
$1,006Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$40Sale, conversion, retirement of capital stock, net
$388Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.03%Yield on earning assets
2.76%Cost of funding earning assets
6.26%Net interest margin
1.95%Noninterest income to earning assets
5.25%Noninterest expense to earning assets
1.49%Net operating income to assets
1.47%Return on assets (ROA)
2.46%Pretax return on assets
14.92%Return on equity (ROE)
9.16%Retained earnings to average equity (YTD only)
0.10%Net charge-offs to loans
252.50%Credit loss provision to net charge-offs
45.20%Efficiency ratio
63,919Assets per employee
2.08%Cash dividends to net income (YTD only)
Condition Ratios (%)
38.57%Loss allowance to loans
1.27%Loss allowance to noncurrent loans
117.92%Noncurrent assets plus other real estate owned to assets
1.14%Noncurrent loans to loans
1.08%Net loans and leases to deposits
57.64%Net loans and leases to core deposits
83.01%Equity capital to assets
8.87%Core capital (leverage) ratio
9.38%Tier 1 risk-based capital ratio
12.80%Total risk-based capital ratio
Memoranda
$14Average assets
$68,478Average earning assets
$6,745Average equity
$61,014Average loans
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