FDIC Certificate #: 24040 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bank of Commerce (#22142) Federal Reserve ID: 190264 Date Established: August 16, 1982 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 4 (Interstate: No) OTS Docket #: 13198 FDIC's unique #: 16756 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: August 16, 1982 Last Structure Change Effective Date: May 16, 1998 Last Structure Change Process Date: June 09, 1998 Last Data Update: June 09, 1998 Data Source Date: April 05, 2012
Location
Address: 1385 East Vista Way, Vista, CA 92083 County: San Diego 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): San Diego, CA (#7320) Core Based Statistical Area (CBSA): San Diego-Carlsbad-San Marcos, CA (#41740) CBSA Metro Statistical Area: San Diego-Carlsbad-San Marcos, CA (#41740)
Financial Summary
Total assets: $124.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
53Total employees (full-time equivalent)
$122,962Total assets
$4,538Cash and due from depository institutions
$0Interest-bearing balances
$21,586Securities
$5,100Federal funds sold & reverse repurchase agreements
$89,248Net loans & leases
$804Loan loss allowance
$0Trading account assets
$928Bank premises and fixed assets
$290Other real estate owned
$71Goodwill and other intangibles
$0Life insurance assets
$1,201All other assets
$122,962Total liabilities and capital
$113,307Total liabilities
$112,347Total deposits
$92,231Interest-bearing deposits
$112,347Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$306Other borrowed funds
$0Subordinated debt
$654All other liabilities
$9,655Total equity capital
$9,655Total bank equity capital
$9,655Perpetual preferred stock
$0Common stock
$2,714Surplus
$3,454Undivided profits
Memoranda
$3,487Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$587Earning assets
$0Long-term assets (5+ years)
$440Average Assets, year-to-date
$115,934Average Assets, quarterly
$18,714Volatile liabilities
$114,362Insider loans
$121,755FHLB advances
$10,333Loans and leases held for sale
$1,362Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$25,607Total unused commitments
$0Restructured Loans and leases
$87,756Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$9,416Total interest income
$3,516Total interest expense
$5,900Net interest income
$109Provision for loan and lease losses
$893Total noninterest income
$0Fiduciary activities
$323Service charges on deposit accounts
$0Trading account gains & fees
$570Additional noninterest income
$4,383Total noninterest expense
$2,141Salaries and employee benefits
$517Premises and equipment expense
$1,725Additional noninterest expense
$2,301Pre-tax net operating income
$0Securities gains (losses)
$899Applicable income taxes
$1,402Income before extraordinary items
$0Extraordinary gains - net
$1,402Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2Sale, conversion, retirement of capital stock, net
$2Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.74%Yield on earning assets
3.26%Cost of funding earning assets
5.48%Net interest margin
0.83%Noninterest income to earning assets
4.07%Noninterest expense to earning assets
1.23%Net operating income to assets
1.23%Return on assets (ROA)
2.01%Pretax return on assets
15.92%Return on equity (ROE)
15.90%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
5450.00%Credit loss provision to net charge-offs
1205.00%Efficiency ratio
64,522Assets per employee
2.32%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.14%Loss allowance to loans
0.89%Loss allowance to noncurrent loans
136.97%Noncurrent assets plus other real estate owned to assets
0.71%Noncurrent loans to loans
0.65%Net loans and leases to deposits
79.44%Net loans and leases to core deposits
87.49%Equity capital to assets
7.85%Core capital (leverage) ratio
7.78%Tier 1 risk-based capital ratio
10.84%Total risk-based capital ratio
Memoranda
$12Average assets
$114,362Average earning assets
$8,804Average equity
$107,758Average loans
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