Palomar Community Bank in Escondido, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 24, 2002

  • Palomar Community Bank in Escondido, California (CA)
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Palomar Community Bank - Overview

  • General
  • FDIC Certificate #: 32226
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: 1st Centennial Bank (#33025)
    Federal Reserve ID: 968678
    Date Established: June 19, 1984
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 8021
    FDIC's unique #: 45060
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    SAIF Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 19, 1984
    Last Structure Change Effective Date: May 24, 2002
    Last Structure Change Process Date: June 05, 2002
    Last Data Update: June 05, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 355 West Grand Avenue, Escondido, CA 92025
    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: $90.9 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, 2001)

  • Dollar figures in thousands
  • 22Total employees (full-time equivalent)
  • $82,771Total assets
  • $5,814Cash and due from depository institutions
  • $2,314Interest-bearing balances
  • $18,604Securities
  • $5,258Federal funds sold & reverse repurchase agreements
  • $46,925Net loans & leases
  • $602Loan loss allowance
  • $0Trading account assets
  • $215Bank premises and fixed assets
  • $0Other real estate owned
  • $4,243Goodwill and other intangibles
  • $0Life insurance assets
  • $1,712All other assets
  • $82,771Total liabilities and capital
  • $71,771Total liabilities
  • $69,281Total deposits
  • $59,532Interest-bearing deposits
  • $69,281Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $2,490All other liabilities
  • $11,000Total equity capital
  • $11,000Total bank equity capital
  • $11,000Perpetual preferred stock
  • $0Common stock
  • $2,593Surplus
  • $8,078Undivided profits
  • Memoranda
  • $329Noncurrent loans and leases
  • $9,780Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $200Earning assets
  • $0Long-term assets (5+ years)
  • $482Average Assets, year-to-date
  • $73,101Average Assets, quarterly
  • $20,211Volatile liabilities
  • $80,441Insider loans
  • $81,705FHLB advances
  • $9,362Loans and leases held for sale
  • $883Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $9,780Total unused commitments
  • $309Restructured Loans and leases
  • $603Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $1,985Total interest income
  • $535Total interest expense
  • $1,450Net interest income
  • $60Provision for loan and lease losses
  • $171Total noninterest income
  • $0Fiduciary activities
  • $63Service charges on deposit accounts
  • $0Trading account gains & fees
  • $108Additional noninterest income
  • $1,077Total noninterest expense
  • $512Salaries and employee benefits
  • $172Premises and equipment expense
  • $393Additional noninterest expense
  • $484Pre-tax net operating income
  • $0Securities gains (losses)
  • $203Applicable income taxes
  • $281Income before extraordinary items
  • $0Extraordinary gains - net
  • $281Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $62Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 2.75%Yield on earning assets
  • 0.74%Cost of funding earning assets
  • 2.01%Net interest margin
  • 0.24%Noninterest income to earning assets
  • 1.49%Noninterest expense to earning assets
  • 0.35%Net operating income to assets
  • 0.35%Return on assets (ROA)
  • 0.60%Pretax return on assets
  • 2.62%Return on equity (ROE)
  • 2.62%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 96.77%Credit loss provision to net charge-offs
  • 8.77%Efficiency ratio
  • 66,132Assets per employee
  • 3.76%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.27%Loss allowance to noncurrent loans
  • 301.00%Noncurrent assets plus other real estate owned to assets
  • 0.24%Noncurrent loans to loans
  • 0.42%Net loans and leases to deposits
  • 67.73%Net loans and leases to core deposits
  • 78.31%Equity capital to assets
  • 13.29%Core capital (leverage) ratio
  • 8.75%Tier 1 risk-based capital ratio
  • 13.94%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $80,441Average earning assets
  • $10,709Average equity
  • $72,228Average loans

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