Redwood Capital Bank in Eureka, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Redwood Capital Bank - Overview

  • General
  • FDIC Certificate #: 57610
    Status: Active
    Federal Reserve ID: 3247589
    Bank Holding Company (Regulatory Top Holder): Redwood Capital Bancorp (RSSDID: 3552032, Location: Eureka, CA)
    Date Established: March 01, 2004
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 418420
    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: March 01, 2004
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 402 G Street, Eureka, CA 95501
    County: Humboldt
    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
    Core Based Statistical Area (CBSA): Eureka-Arcata-Fortuna, CA (#21700)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $241.5 mil
    Equity capital: $23.4 mil
    Deposits held in domestic offices: $216.9 mil
    Return on assets (ROA): 0.78% ($1.9 mil)
    Quarterly return on assets: 1.01% ($2.4 mil)
    Return on Equity (ROE): 8.91% ($2.0 mil)
    Quarterly return on equity: 10.50% ($2.4 mil)
    Net income: $1.8 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.22% ($2,946.3 mil)
    Quarterly Pretax return on assets: 1.33% ($3,212.0 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
  • 44Total employees (full-time equivalent)
  • $241,502Total assets
  • $26,948Cash and due from depository institutions
  • $8,979Interest-bearing balances
  • $21,177Securities
  • $37,755Federal funds sold & reverse repurchase agreements
  • $144,390Net loans & leases
  • $3,022Loan loss allowance
  • $0Trading account assets
  • $4,132Bank premises and fixed assets
  • $523Other real estate owned
  • $238Goodwill and other intangibles
  • $241,502Life insurance assets
  • $6,339All other assets
  • $218,112Total liabilities and capital
  • $216,891Total liabilities
  • $180,203Total deposits
  • $216,891Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,221Subordinated debt
  • $23,390All other liabilities
  • $23,390Total equity capital
  • $23,390Total bank equity capital
  • $0Perpetual preferred stock
  • $11,166Common stock
  • $7,745Surplus
  • $4,479Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $848Income earned, not collected on loans
  • $0Earning assets
  • $689Long-term assets (5+ years)
  • $212,301Average Assets, year-to-date
  • $47,700Average Assets, quarterly
  • $228,398Volatile liabilities
  • $240,780Insider loans
  • $152,214FHLB advances
  • $241,647Loans and leases held for sale
  • $2,598Unused loan commitments
  • $2,598Tier 1 (core) risk-based capital
  • $23,000Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $37,398Restructured Loans and leases
  • $8,358Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,506Total interest income
  • $1,637Total interest expense
  • $7,869Net interest income
  • $300Provision for loan and lease losses
  • $1,058Total noninterest income
  • $0Fiduciary activities
  • $231Service charges on deposit accounts
  • $0Trading account gains & fees
  • $827Additional noninterest income
  • $5,834Total noninterest expense
  • $3,188Salaries and employee benefits
  • $540Premises and equipment expense
  • $2,106Additional noninterest expense
  • $2,793Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,019Applicable income taxes
  • $1,774Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,774Net income attributable to bank
  • $0Net charge-offs
  • $1,774Cash dividends
  • $46Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.71%Yield on earning assets
  • 0.81%Cost of funding earning assets
  • 3.90%Net interest margin
  • 0.52%Noninterest income to earning assets
  • 2.89%Noninterest expense to earning assets
  • 0.78%Net operating income to assets
  • 0.78%Return on assets (ROA)
  • 1.22%Pretax return on assets
  • 8.91%Return on equity (ROE)
  • 8.91%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 652.17%Credit loss provision to net charge-offs
  • 67.24%Efficiency ratio
  • 65,352Assets per employee
  • 5.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.05%Loss allowance to noncurrent loans
  • 356.37%Noncurrent assets plus other real estate owned to assets
  • 0.57%Noncurrent loans to loans
  • 0.58%Net loans and leases to deposits
  • 66.57%Net loans and leases to core deposits
  • 81.46%Equity capital to assets
  • 9.69%Core capital (leverage) ratio
  • 9.52%Tier 1 risk-based capital ratio
  • 15.11%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $228,398Average earning assets
  • $19,919Average equity
  • $201,981Average loans

List of branches

  • 2 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0418420Redwood Capital Bank402 G Street, Eureka, CA 95501March 01, 2004Full Service Brick and Mortar
    1467771Fortuna Branch1075 South Fortuna Boulevard, Fortuna, CA 95540August 06, 2007Limited Service Mobile

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Redwood Capital Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents