Paramount Bank, F.S.B. in Bakersfield, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 31, 1995

  • Paramount Bank, F.S.B. in Bakersfield, California (CA)
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Paramount Bank, F.S.B. - Overview

  • General
  • FDIC Certificate #: 32217
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Bank of Stockdale, F.S.B. (#32275)
    Federal Reserve ID: 563671
    Date Established: May 29, 1984
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 8012
    FDIC's unique #: 45051
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: May 29, 1984
    Last Structure Change Effective Date: July 31, 1995
    Last Structure Change Process Date: August 21, 1995
    Last Data Update: January 31, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 8200 Stockdale Highway, Bakersfield, CA 93317
    County: Kern
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Los Angeles (North)
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Bakersfield, CA (#680)
    Core Based Statistical Area (CBSA): Bakersfield-Delano, CA (#12540)
    CBSA Metro Statistical Area: Bakersfield-Delano, CA (#12540)
  • History of Changes
  • Merger - Without Assistance
  • Financial Summary
  • Total assets: $37.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $52Total assets
  • $42,670Cash and due from depository institutions
  • $1,333Interest-bearing balances
  • $188Securities
  • $10,945Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $28,125Loan loss allowance
  • $363Trading account assets
  • $0Bank premises and fixed assets
  • $160Other real estate owned
  • $585Goodwill and other intangibles
  • $1,522Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $42,670Total liabilities
  • $40,807Total deposits
  • $34,946Interest-bearing deposits
  • $33,892Deposits held in domestic offices
  • 34946.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $5,700Subordinated debt
  • $0All other liabilities
  • $161Total equity capital
  • $161Total bank equity capital
  • $1,863Perpetual preferred stock
  • $516Common stock
  • $4Surplus
  • $3,824Undivided profits
  • Memoranda
  • $-2,481Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $162Income earned, not collected on loans
  • $171Earning assets
  • $39,258Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $38,829Average Assets, quarterly
  • $40,783Volatile liabilities
  • $9,707Insider loans
  • $0FHLB advances
  • $5,700Loans and leases held for sale
  • $0Unused loan commitments
  • $2,111Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,863Total risk weighted assets
  • $22,821Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,824Total interest expense
  • $1,522Net interest income
  • $1,302Provision for loan and lease losses
  • $0Total noninterest income
  • $471Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $471Total noninterest expense
  • $2,635Salaries and employee benefits
  • $1,261Premises and equipment expense
  • $476Additional noninterest expense
  • $898Pre-tax net operating income
  • -$862Securities gains (losses)
  • $574Applicable income taxes
  • $3Income before extraordinary items
  • -$291Extraordinary gains - net
  • $0Net income attributable to bank
  • -$291Net charge-offs
  • $82Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $76Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.16%Cost of funding earning assets
  • 4.40%Net interest margin
  • 3.76%Noninterest income to earning assets
  • 1.36%Noninterest expense to earning assets
  • 7.62%Net operating income to assets
  • -2.23%Return on assets (ROA)
  • -0.75%Pretax return on assets
  • -0.74%Return on equity (ROE)
  • -16.42%Retained earnings to average equity (YTD only)
  • -16.42%Net charge-offs to loans
  • 0.31%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 148,618Assets per employee
  • 0.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.27%Loss allowance to noncurrent loans
  • 224.07%Noncurrent assets plus other real estate owned to assets
  • 1.75%Noncurrent loans to loans
  • 0.57%Net loans and leases to deposits
  • 80.48%Net loans and leases to core deposits
  • 90.90%Equity capital to assets
  • 4.37%Core capital (leverage) ratio
  • 4.37%Tier 1 risk-based capital ratio
  • 8.16%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $38,829Average earning assets
  • $1,772Average equity
  • $34,590Average loans

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