FDIC Certificate #: 27090 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Rabobank, National Association (#23364) Federal Reserve ID: 1158832 Date Established: November 02, 1987 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 10 (Interstate: No) FDIC's unique #: 38746 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: November 02, 1987 Last Structure Change Effective Date: August 20, 2010 Last Structure Change Process Date: August 23, 2010 Last Data Update: August 23, 2010 Data Source Date: April 05, 2012
Location
Address: 1899 West March Lane, Stockton, CA 95207 County: San Joaquin Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Sacramento Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Stockton-Lodi, CA (#8120) Core Based Statistical Area (CBSA): Stockton, CA (#44700) CBSA Metro Statistical Area: Stockton, CA (#44700)
Financial Summary
Total assets: $312.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
82Total employees (full-time equivalent)
$369,581Total assets
$56,084Cash and due from depository institutions
$48,888Interest-bearing balances
$23,940Securities
$0Federal funds sold & reverse repurchase agreements
$245,846Net loans & leases
$10,508Loan loss allowance
$0Trading account assets
$16,022Bank premises and fixed assets
$10,934Other real estate owned
$0Goodwill and other intangibles
$7,030Life insurance assets
$16,755All other assets
$369,581Total liabilities and capital
$355,228Total liabilities
$322,450Total deposits
$262,554Interest-bearing deposits
$322,450Deposits held in domestic offices
90.30%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$29,000Other borrowed funds
$0Subordinated debt
$3,778All other liabilities
$14,353Total equity capital
$14,353Total bank equity capital
$14,353Perpetual preferred stock
$0Common stock
$17,196Surplus
$56Undivided profits
Memoranda
$-2,899Noncurrent loans and leases
$28,741Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$22,864Earning assets
$0Long-term assets (5+ years)
$1,157Average Assets, year-to-date
$318,674Average Assets, quarterly
$28,341Volatile liabilities
$395,557Insider loans
$377,099FHLB advances
$111,091Loans and leases held for sale
$649Unused loan commitments
$29,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$28,741Total unused commitments
$19,260Restructured Loans and leases
$3,737Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$20,074Total interest income
$7,544Total interest expense
$12,530Net interest income
$15,365Provision for loan and lease losses
-$3,424Total noninterest income
$0Fiduciary activities
$601Service charges on deposit accounts
$0Trading account gains & fees
-$4,025Additional noninterest income
$13,544Total noninterest expense
$5,073Salaries and employee benefits
$2,141Premises and equipment expense
$6,330Additional noninterest expense
-$19,803Pre-tax net operating income
-$2,975Securities gains (losses)
-$541Applicable income taxes
-$22,237Income before extraordinary items
$0Extraordinary gains - net
-$22,237Net income attributable to bank
$0Net charge-offs
-$22,237Cash dividends
$10,877Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.87%Yield on earning assets
2.21%Cost of funding earning assets
3.66%Net interest margin
-1.00%Noninterest income to earning assets
3.96%Noninterest expense to earning assets
-4.88%Net operating income to assets
-5.62%Return on assets (ROA)
-5.76%Pretax return on assets
-79.68%Return on equity (ROE)
-79.68%Retained earnings to average equity (YTD only)
3.81%Net charge-offs to loans
141.26%Credit loss provision to net charge-offs
-0.41%Efficiency ratio
148,441Assets per employee
4.51%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.10%Loss allowance to noncurrent loans
45.96%Noncurrent assets plus other real estate owned to assets
9.14%Noncurrent loans to loans
8.92%Net loans and leases to deposits
76.24%Net loans and leases to core deposits
103.58%Equity capital to assets
3.88%Core capital (leverage) ratio
3.95%Tier 1 risk-based capital ratio
5.23%Total risk-based capital ratio
Memoranda
$7Average assets
$395,557Average earning assets
$27,909Average equity
$342,108Average loans
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