PriVest Bank in Santa Ana, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 08, 2004

  • PriVest Bank in Santa Ana, California (CA)
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PriVest Bank - Overview

  • General
  • FDIC Certificate #: 34739
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: American Security Bank (#33121)
    Federal Reserve ID: 2709138
    Date Established: June 29, 1998
    WWW: http://www.privest.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 61423
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 29, 1998
    Last Structure Change Effective Date: January 08, 2004
    Last Structure Change Process Date: Febuary 02, 2004
    Last Data Update: Febuary 02, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 1 Macarthur Place, Suite 110, Santa Ana, CA 92707
    County: Orange
    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): Orange County, CA (#5945)
    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): Los Angeles-Long Beach-Santa Ana, CA (#31100)
    CBSA Metro Statistical Area: Los Angeles-Long Beach-Santa Ana, CA (#31100)
    Core Based Statistical Division: Santa Ana-Anaheim-Irvine, CA (#42044)
  • Financial Summary
  • Total assets: $77.2 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, 2003)

  • Dollar figures in thousands
  • 16Total employees (full-time equivalent)
  • $77,179Total assets
  • $14,561Cash and due from depository institutions
  • $5,649Interest-bearing balances
  • $13,779Securities
  • $1,950Federal funds sold & reverse repurchase agreements
  • $45,822Net loans & leases
  • $480Loan loss allowance
  • $0Trading account assets
  • $263Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $804All other assets
  • $77,179Total liabilities and capital
  • $72,608Total liabilities
  • $70,576Total deposits
  • $40,267Interest-bearing deposits
  • $70,576Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,750Other borrowed funds
  • $0Subordinated debt
  • $282All other liabilities
  • $4,571Total equity capital
  • $4,571Total bank equity capital
  • $4,571Perpetual preferred stock
  • $0Common stock
  • $5,682Surplus
  • $0Undivided profits
  • Memoranda
  • $-1,111Noncurrent loans and leases
  • $9,408Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,622Earning assets
  • $0Long-term assets (5+ years)
  • $206Average Assets, year-to-date
  • $67,200Average Assets, quarterly
  • $9,617Volatile liabilities
  • $79,772Insider loans
  • $80,548FHLB advances
  • $9,247Loans and leases held for sale
  • $1,388Unused loan commitments
  • $1,750Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $9,408Total unused commitments
  • $0Restructured Loans and leases
  • $510Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $3,252Total interest income
  • $489Total interest expense
  • $2,763Net interest income
  • $285Provision for loan and lease losses
  • $581Total noninterest income
  • $6Fiduciary activities
  • $136Service charges on deposit accounts
  • $0Trading account gains & fees
  • $439Additional noninterest income
  • $3,501Total noninterest expense
  • $2,255Salaries and employee benefits
  • $296Premises and equipment expense
  • $950Additional noninterest expense
  • -$442Pre-tax net operating income
  • $2Securities gains (losses)
  • -$15Applicable income taxes
  • -$425Income before extraordinary items
  • $0Extraordinary gains - net
  • -$425Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $110Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.51%Yield on earning assets
  • 0.68%Cost of funding earning assets
  • 3.83%Net interest margin
  • 0.81%Noninterest income to earning assets
  • 4.86%Noninterest expense to earning assets
  • -0.54%Net operating income to assets
  • -0.53%Return on assets (ROA)
  • -0.55%Pretax return on assets
  • -8.37%Return on equity (ROE)
  • -8.37%Retained earnings to average equity (YTD only)
  • 0.26%Net charge-offs to loans
  • 259.09%Credit loss provision to net charge-offs
  • -1.43%Efficiency ratio
  • 104,695Assets per employee
  • 4.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.04%Loss allowance to noncurrent loans
  • 29.59%Noncurrent assets plus other real estate owned to assets
  • 2.10%Noncurrent loans to loans
  • 3.50%Net loans and leases to deposits
  • 64.93%Net loans and leases to core deposits
  • 74.41%Equity capital to assets
  • 5.92%Core capital (leverage) ratio
  • 5.17%Tier 1 risk-based capital ratio
  • 9.52%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $79,772Average earning assets
  • $5,079Average equity
  • $72,074Average loans

Total Fiduciary and Related Assets (December 31, 2003)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $2,326Managed Assets
  • 1Number of Accounts
  • $1,040Personal trust and agency accounts
  • $1,040Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 3Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,286Other retirement accounts
  • $1,286Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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