Redding Bank of Commerce in Redding, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Redding Bank of Commerce - Overview

  • General
  • FDIC Certificate #: 24074
    Status: Active
    Federal Reserve ID: 933863
    Bank Holding Company (Regulatory Top Holder): Bank Of Commerce Holdings (RSSDID: 1030040, Location: Redding, CA)
    Date Established: October 22, 1982
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 16784
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 22, 1982
    Last Structure Change Effective Date: Febuary 16, 2010
    Last Structure Change Process Date: Febuary 16, 2010
    Last Data Update: Febuary 16, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 1951 Churn Creek Road, Redding, CA 96002
    County: Shasta
    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): Redding, CA (#6690)
    Core Based Statistical Area (CBSA): Redding, CA (#39820)
    CBSA Metro Statistical Area: Redding, CA (#39820)
  • Financial Summary
  • Total assets: $922.9 mil
    Equity capital: $118.7 mil
    Deposits held in domestic offices: $671.6 mil
    Return on assets (ROA): 0.83% ($7.7 mil)
    Quarterly return on assets: 0.89% ($8.2 mil)
    Return on Equity (ROE): 6.65% ($7.9 mil)
    Quarterly return on equity: 6.94% ($8.3 mil)
    Net income: $7.5 mil
    Quarterly Net income: $2.0 mil
    Pretax return on assets: 1.10% ($10,152.4 mil)
    Quarterly Pretax return on assets: 1.11% ($10,244.7 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, 2011)

  • Dollar figures in thousands
  • 135Total employees (full-time equivalent)
  • $922,949Total assets
  • $47,296Cash and due from depository institutions
  • $38,959Interest-bearing balances
  • $203,524Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $628,304Net loans & leases
  • $10,622Loan loss allowance
  • $0Trading account assets
  • $9,306Bank premises and fixed assets
  • $3,731Other real estate owned
  • $138Goodwill and other intangibles
  • $922,949Life insurance assets
  • $30,650All other assets
  • $804,244Total liabilities and capital
  • $671,606Total liabilities
  • $551,426Total deposits
  • $671,606Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $122,779Trading liabilities
  • $0Other borrowed funds
  • $9,859Subordinated debt
  • $118,705All other liabilities
  • $118,705Total equity capital
  • $118,705Total bank equity capital
  • $0Perpetual preferred stock
  • $27,341Common stock
  • $30,827Surplus
  • $60,537Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $44,517Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $21,513Income earned, not collected on loans
  • $0Earning assets
  • $3,831Long-term assets (5+ years)
  • $870,787Average Assets, year-to-date
  • $414,063Average Assets, quarterly
  • $903,528Volatile liabilities
  • $915,735Insider loans
  • $807,877FHLB advances
  • $901,027Loans and leases held for sale
  • $10,123Unused loan commitments
  • $9,731Tier 1 (core) risk-based capital
  • $116,823Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $392Total unused commitments
  • $132,051Restructured Loans and leases
  • $12,026Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $41,507Total interest income
  • $7,130Total interest expense
  • $34,377Net interest income
  • $9,030Provision for loan and lease losses
  • $1,481Total noninterest income
  • $0Fiduciary activities
  • $192Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,289Additional noninterest income
  • $18,432Total noninterest expense
  • $9,957Salaries and employee benefits
  • $2,014Premises and equipment expense
  • $6,461Additional noninterest expense
  • $8,396Pre-tax net operating income
  • $1,550Securities gains (losses)
  • $2,443Applicable income taxes
  • $7,503Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,503Net income attributable to bank
  • $0Net charge-offs
  • $7,503Cash dividends
  • $11,210Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.88%Yield on earning assets
  • 0.84%Cost of funding earning assets
  • 4.04%Net interest margin
  • 0.17%Noninterest income to earning assets
  • 2.17%Noninterest expense to earning assets
  • 0.70%Net operating income to assets
  • 0.83%Return on assets (ROA)
  • 1.10%Pretax return on assets
  • 6.65%Return on equity (ROE)
  • 6.65%Retained earnings to average equity (YTD only)
  • 1.77%Net charge-offs to loans
  • 80.55%Credit loss provision to net charge-offs
  • 1.55%Efficiency ratio
  • 51,369Assets per employee
  • 6.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.66%Loss allowance to noncurrent loans
  • 49.37%Noncurrent assets plus other real estate owned to assets
  • 2.74%Noncurrent loans to loans
  • 3.37%Net loans and leases to deposits
  • 93.55%Net loans and leases to core deposits
  • 112.96%Equity capital to assets
  • 12.86%Core capital (leverage) ratio
  • 12.97%Tier 1 risk-based capital ratio
  • 14.46%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $903,528Average earning assets
  • $112,896Average equity
  • $850,676Average loans

List of branches

  • 5 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016784Redding Bank Of Commerce1951 Churn Creek Road, Redding, CA 96002October 22, 1982Full Service Brick and Mortar
    1256923Placer Street Office1177 Placer Street, Redding, CA 96001March 01, 1994Full Service Brick and Mortar
    2356574Roseville Bank Of Commerce1504 Eureka Road, Roseville, CA 95661June 21, 2000Full Service Brick and Mortar
    6470252Buenaventura Branch3455 Placer Street, Redding, CA 96001January 16, 2007Full Service Brick and Mortar
    7479309Online Accounts Branch1951 Churn Creek Road, Redding, CA 96002November 29, 2007Full Service Cyber

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