San Diego Trust & Savings Bank in San Diego, California (CA)



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San Diego Trust & Savings Bank
GeneralFDIC Certificate #: 1533
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Interstate Bank of California (#1226)
Federal Reserve ID: 126768
Date Established: May 15, 1889
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 54 (Interstate: No)
FDIC's unique #: 1011
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: January 01, 1934
Last Structure Change Effective Date: March 19, 1994
Last Structure Change Process Date: March 30, 1994
Last Data Update: March 30, 1994
Data Source Date: April 05, 2012
LocationAddress: 540 Broadway, San Diego, CA 92101
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 SummaryTotal assets: $1,947.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$1,428
Cash and due from depository institutions$1,947,413
Interest-bearing balances$130,121
Securities$0
Federal funds sold & reverse repurchase agreements$840,286
Net loans & leases$55,000
Loan loss allowance $815,564
Trading account assets$12,863
Bank premises and fixed assets$0
Other real estate owned$54,641
Goodwill and other intangibles$7,236
All other assets$52
Life insurance assets$44,513
Total liabilities and capital$0
Total liabilities$1,947,413
Total deposits$1,813,414
Interest-bearing deposits$1,783,699
Deposits held in domestic offices$1,355,788
% insured (estimated)1783699.00%
Federal funds purchased & repurchase agreements $87
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,423
All other liabilities $0
Total equity capital$28,292
Total bank equity capital$28,292
Perpetual preferred stock$133,999
Common stock$0
Surplus$5,000
Undivided profits $21,500
Memoranda
Noncurrent loans and leases $107,499
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $16,802
Earning assets $4,084
Long-term assets (5+ years) $1,710,850
Average Assets, year-to-date $500,579
Average Assets, quarterly $2,038,351
Volatile liabilities $1,965,719
Insider loans $36,165
FHLB advances $16,792
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $406,095
Tier 2 risk-based capital $0
Total risk weighted assets $133,999
Total unused commitments $1,149,208
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1993)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $132,597
Net interest income $35,299
Provision for loan and lease losses $97,298
Total noninterest income $7,131
Fiduciary activities $52,559
Service charges on deposit accounts $10,897
Trading account gains & fees $14,423
Additional noninterest income $119
Total noninterest expense $27,120
Salaries and employee benefits $121,883
Premises and equipment expense $68,161
Additional noninterest expense $20,534
Pre-tax net operating income $33,188
Securities gains (losses) $20,843
Applicable income taxes -$1,459
Income before extraordinary items $7,574
Extraordinary gains - net $11,810
Net income attributable to bank $0
Net charge-offs $11,810
Cash dividends $6,914
Sale, conversion, retirement of capital stock, net $4,062
Net operating income $0
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Performance and Condition Ratios (December 31, 1993)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 7.45%
Net interest margin 1.98%
Noninterest income to earning assets 5.46%
Noninterest expense to earning assets 2.95%
Net operating income to assets 6.84%
Return on assets (ROA) 0.63%
Pretax return on assets 0.58%
Return on equity (ROE) 0.95%
Retained earnings to average equity (YTD only) 9.01%
Net charge-offs to loans 5.91%
Credit loss provision to net charge-offs 0.81%
Efficiency ratio103.14%
Assets per employee$81,241
Cash dividends to net income (YTD only)1.36%
Condition Ratios (%)
Loss allowance to loans 34.39%
Loss allowance to noncurrent loans 1.55%
Noncurrent assets plus other real estate owned to assets 76.56%
Noncurrent loans to loans 1.23%
Net loans and leases to deposits2.03%
Net loans and leases to core deposits 45.72%
Equity capital to assets 46.64%
Core capital (leverage) ratio 6.88%
Tier 1 risk-based capital ratio 6.73%
Total risk-based capital ratio 11.66%
Memoranda
Average assets$13
Average earning assets$2,038,351
Average equity $131,072
Average loans $1,780,820
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