Placer Sierra Bank in Auburn, California (CA)



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Placer Sierra Bank
GeneralFDIC Certificate #: 30307
Status: Inactive
Closing history: Absorption - Without Assistance
Acquiring institution: Wells Fargo Bank, National Association (#3511)
Federal Reserve ID: 33772
Date Established: January 01, 1946
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 53 (Interstate: No)
OTS Docket #: 5143
FDIC's unique #: 43141
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: January 29, 1948
Last Structure Change Effective Date: September 22, 2007
Last Structure Change Process Date: October 02, 2007
Last Data Update: October 02, 2007
Data Source Date: April 05, 2012
LocationAddress: 949 Lincoln Way, Auburn, CA 95603
County: Placer
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): Sacramento, CA (#6920)
Consolidated Metropolitan Statistical Area (CMSA): Sacramento-Yolo, CA (#82)
Combined Statistical Area (CSA): Sacramento-Arden-Arcade-Yuba City, CA-NV (#472)
Core Based Statistical Area (CBSA): Sacramento-Arden-Arcade-Roseville, CA (#40900)
CBSA Metro Statistical Area: Sacramento-Arden-Arcade-Roseville, CA (#40900)
Financial SummaryTotal assets: $2,504.0 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, 2006)
(Dollar figures in thousands)
Total employees (full-time equivalent)593
Total assets$2,635,111
Cash and due from depository institutions$184,118
Interest-bearing balances$334
Securities$151,167
Federal funds sold & reverse repurchase agreements$111,100
Net loans & leases$1,827,516
Loan loss allowance $22,328
Trading account assets$0
Bank premises and fixed assets$21,579
Other real estate owned$2,991
Goodwill and other intangibles$239,771
All other assets$96,869
Life insurance assets$54,349
Total liabilities and capital$2,635,111
Total liabilities$2,207,024
Total deposits$2,167,369
Interest-bearing deposits$1,254,540
Deposits held in domestic offices$2,167,369
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $11,518
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $28,137
Total equity capital$428,087
Total bank equity capital$428,087
Perpetual preferred stock$428,087
Common stock$0
Surplus$113,050
Undivided profits $277,603
Memoranda
Noncurrent loans and leases $37,434
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $592,997
Income earned, not collected on loans $0
Earning assets $13,838
Long-term assets (5+ years) $0
Average Assets, year-to-date $12,038
Average Assets, quarterly $2,090,117
Volatile liabilities $873,439
Insider loans $2,349,886
FHLB advances $2,646,571
Loans and leases held for sale $232,534
Unused loan commitments $570
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $3,115
Total unused commitments $592,997
Restructured Loans and leases $0
Derivatives$22,760
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Income and Expense (December 31, 2006)
(Dollar figures in thousands)
Total interest income $137,295
Total interest expense $29,502
Net interest income $107,793
Provision for loan and lease losses $0
Total noninterest income $17,674
Fiduciary activities $0
Service charges on deposit accounts $7,908
Trading account gains & fees $0
Additional noninterest income $9,766
Total noninterest expense $70,882
Salaries and employee benefits $33,259
Premises and equipment expense $14,381
Additional noninterest expense $23,242
Pre-tax net operating income $54,585
Securities gains (losses) -$1,701
Applicable income taxes $20,758
Income before extraordinary items $32,126
Extraordinary gains - net $0
Net income attributable to bank $32,126
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net -$639
Net operating income $27,000
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Performance and Condition Ratios (December 31, 2006)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.23%
Cost of funding earning assets 1.55%
Net interest margin 5.67%
Noninterest income to earning assets 0.93%
Noninterest expense to earning assets 3.73%
Net operating income to assets 1.41%
Return on assets (ROA) 1.37%
Pretax return on assets 2.25%
Return on equity (ROE) 8.97%
Retained earnings to average equity (YTD only) 1.43%
Net charge-offs to loans -0.04%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$54,526
Cash dividends to net income (YTD only)4.44%
Condition Ratios (%)
Loss allowance to loans 84.04%
Loss allowance to noncurrent loans 1.21%
Noncurrent assets plus other real estate owned to assets 161.35%
Noncurrent loans to loans 0.53%
Net loans and leases to deposits0.75%
Net loans and leases to core deposits 84.32%
Equity capital to assets 93.89%
Core capital (leverage) ratio 16.25%
Tier 1 risk-based capital ratio 8.31%
Total risk-based capital ratio 9.86%
Memoranda
Average assets$11
Average earning assets$2,349,886
Average equity $358,225
Average loans $1,899,715
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