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
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