Palm Desert National Bank in Palm Desert, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Palm Desert National Bank - Overview

  • General
  • FDIC Certificate #: 23632
    Status: Active
    Federal Reserve ID: 1004265
    Bank Holding Company (Regulatory Top Holder): Palm Desert Investments (RSSDID: 1480663, Location: Palm Desert, CA)
    Date Established: December 07, 1981
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 10734
    FDIC's unique #: 16546
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: December 07, 1981
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 73-745 El Paseo Drive, Palm Desert, CA 92260
    County: Riverside
    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): Riverside-San Bernardino, CA (#6780)
    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): Riverside-San Bernardino-Ontario, CA (#40140)
    CBSA Metro Statistical Area: Riverside-San Bernardino-Ontario, CA (#40140)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $125.8 mil
    Equity capital: $2.1 mil
    Deposits held in domestic offices: $122.8 mil
    Return on assets (ROA): -2.60% (-$3.3 mil)
    Quarterly return on assets: -6.55% (-$8.3 mil)
    Return on Equity (ROE): -94.42% (-$1.9 mil)
    Quarterly return on equity: -266.93% (-$5.3 mil)
    Net income: -$4.4 mil
    Quarterly Net income: -$2.1 mil
    Pretax return on assets: -2.59% (-$3,257.0 mil)
    Quarterly Pretax return on assets: -6.55% (-$8,236.9 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, 2011)

  • Dollar figures in thousands
  • 34Total employees (full-time equivalent)
  • $125,754Total assets
  • $16,771Cash and due from depository institutions
  • $15,281Interest-bearing balances
  • $201Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $74,749Net loans & leases
  • $4,121Loan loss allowance
  • $0Trading account assets
  • $2,792Bank premises and fixed assets
  • $27,379Other real estate owned
  • $0Goodwill and other intangibles
  • $125,754Life insurance assets
  • $3,862All other assets
  • $123,695Total liabilities and capital
  • $122,816Total liabilities
  • $97,489Total deposits
  • $122,816Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $879Subordinated debt
  • $2,059All other liabilities
  • $2,059Total equity capital
  • $2,059Total bank equity capital
  • $0Perpetual preferred stock
  • $4Common stock
  • $15,338Surplus
  • $-13,283Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $14,915Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $15,250Income earned, not collected on loans
  • $3,760Earning assets
  • $229Long-term assets (5+ years)
  • $90,231Average Assets, year-to-date
  • $23,846Average Assets, quarterly
  • $170,701Volatile liabilities
  • $125,997Insider loans
  • $88,955FHLB advances
  • $128,917Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $2,059Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,548Restructured Loans and leases
  • $1,936Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,528Total interest income
  • $1,010Total interest expense
  • $3,518Net interest income
  • $130Provision for loan and lease losses
  • $6,744Total noninterest income
  • $0Fiduciary activities
  • $309Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6,435Additional noninterest income
  • $14,349Total noninterest expense
  • $3,259Salaries and employee benefits
  • $902Premises and equipment expense
  • $10,188Additional noninterest expense
  • -$4,217Pre-tax net operating income
  • -$212Securities gains (losses)
  • $1Applicable income taxes
  • -$4,430Income before extraordinary items
  • $0Extraordinary gains - net
  • -$4,430Net income attributable to bank
  • $0Net charge-offs
  • -$4,430Cash dividends
  • $2,134Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.37%Yield on earning assets
  • 0.75%Cost of funding earning assets
  • 2.62%Net interest margin
  • 5.02%Noninterest income to earning assets
  • 10.68%Noninterest expense to earning assets
  • -2.47%Net operating income to assets
  • -2.60%Return on assets (ROA)
  • -2.59%Pretax return on assets
  • -94.42%Return on equity (ROE)
  • -94.42%Retained earnings to average equity (YTD only)
  • 2.26%Net charge-offs to loans
  • 6.09%Credit loss provision to net charge-offs
  • -1.92%Efficiency ratio
  • 139,827Assets per employee
  • 3.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.23%Loss allowance to noncurrent loans
  • 27.02%Noncurrent assets plus other real estate owned to assets
  • 33.90%Noncurrent loans to loans
  • 19.34%Net loans and leases to deposits
  • 60.86%Net loans and leases to core deposits
  • 68.79%Equity capital to assets
  • 1.64%Core capital (leverage) ratio
  • 1.60%Tier 1 risk-based capital ratio
  • 2.31%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $170,701Average earning assets
  • $4,692Average equity
  • $134,349Average loans

List of branches

  • 2 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016546Palm Desert National Bank73-745 El Paseo Drive, Palm Desert, CA 92260December 07, 1981Full Service Brick and Mortar
    3256613Coachella Valley Mesngr. Ser. Branch73-745 El Paseo, Palm Desert, CA 92260September 27, 1993Limited Service Messenger

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