FDIC Certificate #: 23158 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Bank (#12229) Federal Reserve ID: 694463 Date Established: July 17, 1980 WWW:http://www.sdcb.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 16225 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: July 17, 1980 Last Structure Change Effective Date: August 16, 2006 Last Structure Change Process Date: September 12, 2006 Last Data Update: September 12, 2006 Data Source Date: April 05, 2012
Location
Address: 318 Fourth Avenue, Chula Vista, CA 91910 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: $94.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
35Total employees (full-time equivalent)
$95,308Total assets
$5,605Cash and due from depository institutions
$100Interest-bearing balances
$3,005Securities
$10,090Federal funds sold & reverse repurchase agreements
$73,167Net loans & leases
$736Loan loss allowance
$0Trading account assets
$2,276Bank premises and fixed assets
$0Other real estate owned
$99Goodwill and other intangibles
$0Life insurance assets
$1,066All other assets
$95,308Total liabilities and capital
$83,131Total liabilities
$76,580Total deposits
$56,177Interest-bearing deposits
$76,580Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,000Other borrowed funds
$0Subordinated debt
$551All other liabilities
$12,177Total equity capital
$12,177Total bank equity capital
$12,177Perpetual preferred stock
$0Common stock
$10,156Surplus
$0Undivided profits
Memoranda
$2,021Noncurrent loans and leases
$14,302Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$360Average Assets, year-to-date
$86,362Average Assets, quarterly
$2,872Volatile liabilities
$86,057Insider loans
$91,416FHLB advances
$24,604Loans and leases held for sale
$1,710Unused loan commitments
$6,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$14,302Total unused commitments
$0Restructured Loans and leases
$743Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$5,894Total interest income
$1,117Total interest expense
$4,777Net interest income
$0Provision for loan and lease losses
$659Total noninterest income
$0Fiduciary activities
$352Service charges on deposit accounts
$0Trading account gains & fees
$307Additional noninterest income
$4,053Total noninterest expense
$2,462Salaries and employee benefits
$537Premises and equipment expense
$1,054Additional noninterest expense
$1,383Pre-tax net operating income
$0Securities gains (losses)
$434Applicable income taxes
$949Income before extraordinary items
$0Extraordinary gains - net
$949Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$7Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.52%Yield on earning assets
1.42%Cost of funding earning assets
6.09%Net interest margin
0.84%Noninterest income to earning assets
5.17%Noninterest expense to earning assets
1.10%Net operating income to assets
1.10%Return on assets (ROA)
1.61%Pretax return on assets
8.16%Return on equity (ROE)
8.16%Retained earnings to average equity (YTD only)
-0.01%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
74,558Assets per employee
2.72%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
95.54%Net loans and leases to core deposits
133.09%Equity capital to assets
12.78%Core capital (leverage) ratio
14.01%Tier 1 risk-based capital ratio
17.92%Total risk-based capital ratio
Memoranda
$19Average assets
$86,057Average earning assets
$11,626Average equity
$78,400Average loans
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