Pan Pacific Bank in Fremont, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Pan Pacific Bank - Overview

  • General
  • FDIC Certificate #: 57989
    Status: Active
    Federal Reserve ID: 3367067
    Date Established: July 18, 2005
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 433195
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 18, 2005
    Last Structure Change Effective Date: January 19, 2011
    Last Structure Change Process Date: January 19, 2011
    Last Data Update: January 19, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 47065 Warm Springs Boulevard, Fremont, CA 94539
    County: Alameda
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: San Francisco
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Oakland, CA (#5775)
    Consolidated Metropolitan Statistical Area (CMSA): San Francisco-Oakland-San Jose, CA (#84)
    Combined Statistical Area (CSA): San Jose-San Francisco-Oakland, CA (#488)
    Core Based Statistical Area (CBSA): San Francisco-Oakland-Fremont, CA (#41860)
    CBSA Metro Statistical Area: San Francisco-Oakland-Fremont, CA (#41860)
    Core Based Statistical Division: Oakland-Fremont-Hayward, CA (#36084)
  • Financial Summary
  • Total assets: $112.3 mil
    Equity capital: $12.0 mil
    Deposits held in domestic offices: $99.9 mil
    Return on assets (ROA): -1.27% (-$1.4 mil)
    Quarterly return on assets: -2.00% (-$2.2 mil)
    Return on Equity (ROE): -13.95% (-$1.7 mil)
    Quarterly return on equity: -21.85% (-$2.6 mil)
    Net income: -$1.3 mil
    Quarterly Net income: -$0.5 mil
    Pretax return on assets: -1.26% (-$1,415.4 mil)
    Quarterly Pretax return on assets: -2.00% (-$2,246.6 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
  • 21Total employees (full-time equivalent)
  • $112,332Total assets
  • $26,247Cash and due from depository institutions
  • $24,112Interest-bearing balances
  • $591Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $84,055Net loans & leases
  • $1,721Loan loss allowance
  • $0Trading account assets
  • $180Bank premises and fixed assets
  • $0Other real estate owned
  • $32Goodwill and other intangibles
  • $112,332Life insurance assets
  • $1,227All other assets
  • $100,331Total liabilities and capital
  • $99,875Total liabilities
  • $82,295Total deposits
  • $99,875Interest-bearing deposits
  • $75Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $456Subordinated debt
  • $12,001All other liabilities
  • $12,001Total equity capital
  • $12,001Total bank equity capital
  • $0Perpetual preferred stock
  • $20,364Common stock
  • $820Surplus
  • $-9,183Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,948Income earned, not collected on loans
  • $384Earning assets
  • $227Long-term assets (5+ years)
  • $108,758Average Assets, year-to-date
  • $11,488Average Assets, quarterly
  • $99,827Volatile liabilities
  • $108,876Insider loans
  • $90,206FHLB advances
  • $110,448Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,970Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $18,707Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,437Total interest income
  • $868Total interest expense
  • $3,569Net interest income
  • $837Provision for loan and lease losses
  • $166Total noninterest income
  • $0Fiduciary activities
  • $95Service charges on deposit accounts
  • $0Trading account gains & fees
  • $71Additional noninterest income
  • $4,160Total noninterest expense
  • $2,264Salaries and employee benefits
  • $252Premises and equipment expense
  • $1,644Additional noninterest expense
  • -$1,262Pre-tax net operating income
  • $0Securities gains (losses)
  • $1Applicable income taxes
  • -$1,263Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,263Net income attributable to bank
  • $0Net charge-offs
  • -$1,263Cash dividends
  • $941Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.62%Yield on earning assets
  • 0.90%Cost of funding earning assets
  • 3.71%Net interest margin
  • 0.17%Noninterest income to earning assets
  • 4.33%Noninterest expense to earning assets
  • -1.27%Net operating income to assets
  • -1.27%Return on assets (ROA)
  • -1.26%Pretax return on assets
  • -13.95%Return on equity (ROE)
  • -13.95%Retained earnings to average equity (YTD only)
  • 1.20%Net charge-offs to loans
  • 88.95%Credit loss provision to net charge-offs
  • -0.45%Efficiency ratio
  • 111,379Assets per employee
  • 5.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.01%Loss allowance to noncurrent loans
  • 88.35%Noncurrent assets plus other real estate owned to assets
  • 1.73%Noncurrent loans to loans
  • 2.27%Net loans and leases to deposits
  • 84.16%Net loans and leases to core deposits
  • 90.41%Equity capital to assets
  • 10.68%Core capital (leverage) ratio
  • 10.84%Tier 1 risk-based capital ratio
  • 13.27%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $99,827Average earning assets
  • $9,052Average equity
  • $96,099Average loans

List of branches

  • 1 California Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0433195Pan Pacific Bank47065 Warm Springs Boulevard, Fremont, CA 94539July 18, 2005Full Service Brick and Mortar

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