Santa Cruz County Bank in Santa Cruz, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Santa Cruz County Bank in Santa Cruz, California (CA)
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Santa Cruz County Bank - Overview

  • General
  • FDIC Certificate #: 57591
    Status: Active
    Federal Reserve ID: 3235410
    Date Established: Febuary 03, 2004
    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 #: 366199
    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: Febuary 03, 2004
    Last Structure Change Effective Date: October 28, 2008
    Last Structure Change Process Date: October 28, 2008
    Last Data Update: October 28, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 720 Front St, Santa Cruz, CA 95060
    County: Santa Cruz
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: San Francisco
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Santa Cruz-Watsonville, CA (#7485)
    Consolidated Metropolitan Statistical Area (CMSA): San Francisco-Oakland-San Jose, CA (#84)
    Combined Statistical Area (CSA): San Jose-San Francisco-Oakland, CA (#488)
    Core Based Statistical Area (CBSA): Santa Cruz-Watsonville, CA (#42100)
    CBSA Metro Statistical Area: Santa Cruz-Watsonville, CA (#42100)
  • Financial Summary
  • Total assets: $320.2 mil
    Equity capital: $26.3 mil
    Deposits held in domestic offices: $288.2 mil
    Return on assets (ROA): 0.81% ($2.6 mil)
    Quarterly return on assets: 0.85% ($2.7 mil)
    Return on Equity (ROE): 9.75% ($2.5 mil)
    Quarterly return on equity: 10.40% ($2.7 mil)
    Net income: $2.4 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 1.31% ($4,195.0 mil)
    Quarterly Pretax return on assets: 1.27% ($4,066.9 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
  • 64Total employees (full-time equivalent)
  • $320,230Total assets
  • $72,829Cash and due from depository institutions
  • $64,234Interest-bearing balances
  • $45,137Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $187,146Net loans & leases
  • $4,305Loan loss allowance
  • $0Trading account assets
  • $1,275Bank premises and fixed assets
  • $2,932Other real estate owned
  • $0Goodwill and other intangibles
  • $320,230Life insurance assets
  • $10,911All other assets
  • $293,945Total liabilities and capital
  • $288,207Total liabilities
  • $175,192Total deposits
  • $288,207Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,000Trading liabilities
  • $0Other borrowed funds
  • $3,738Subordinated debt
  • $26,285All other liabilities
  • $26,285Total equity capital
  • $26,285Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $21,815Surplus
  • $4,470Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $17,103Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,926Income earned, not collected on loans
  • $298Earning assets
  • $1,004Long-term assets (5+ years)
  • $296,517Average Assets, year-to-date
  • $52,647Average Assets, quarterly
  • $299,636Volatile liabilities
  • $317,041Insider loans
  • $217,653FHLB advances
  • $317,515Loans and leases held for sale
  • $5,037Unused loan commitments
  • $5,037Tier 1 (core) risk-based capital
  • $26,382Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $70,581Restructured Loans and leases
  • $2,255Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,775Total interest income
  • $577Total interest expense
  • $12,198Net interest income
  • $1,412Provision for loan and lease losses
  • $2,781Total noninterest income
  • $0Fiduciary activities
  • $718Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,063Additional noninterest income
  • $10,415Total noninterest expense
  • $5,606Salaries and employee benefits
  • $1,384Premises and equipment expense
  • $3,425Additional noninterest expense
  • $3,152Pre-tax net operating income
  • $783Securities gains (losses)
  • $1,506Applicable income taxes
  • $2,429Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,429Net income attributable to bank
  • $0Net charge-offs
  • $2,429Cash dividends
  • $666Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.62%Yield on earning assets
  • 0.21%Cost of funding earning assets
  • 4.41%Net interest margin
  • 1.01%Noninterest income to earning assets
  • 3.76%Noninterest expense to earning assets
  • 0.64%Net operating income to assets
  • 0.81%Return on assets (ROA)
  • 1.31%Pretax return on assets
  • 9.75%Return on equity (ROE)
  • 9.75%Retained earnings to average equity (YTD only)
  • 0.37%Net charge-offs to loans
  • 212.01%Credit loss provision to net charge-offs
  • 6.85%Efficiency ratio
  • 69,531Assets per employee
  • 5.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.25%Loss allowance to noncurrent loans
  • 109.65%Noncurrent assets plus other real estate owned to assets
  • 2.14%Noncurrent loans to loans
  • 2.05%Net loans and leases to deposits
  • 64.93%Net loans and leases to core deposits
  • 72.28%Equity capital to assets
  • 8.21%Core capital (leverage) ratio
  • 8.31%Tier 1 risk-based capital ratio
  • 12.12%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $299,636Average earning assets
  • $24,919Average equity
  • $276,713Average loans

List of branches

  • 5 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0366199Santa Cruz County Bank720 Front St, Santa Cruz, CA 95060Febuary 03, 2004Full Service Brick and Mortar
    1433037Scotts Valley Branch4604 Scotts Valley Drive, Scotts Valley, CA 95066November 15, 2004Full Service Brick and Mortar
    2436968Watsonville Branch595 Auto Center Drive, Watsonville, CA 95076Febuary 01, 2005Full Service Brick and Mortar
    3463538Capitola Branch819 Bay Avenue, Capitola, CA 95010June 04, 2007Full Service Brick and Mortar
    4494804Aptos Branch7775 Soquel Drive, Aptos, CA 95003Febuary 06, 2009Full Service Brick and Mortar

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