Seacoast Commerce Bank in Chula Vista, California (CA), AZ
Overview, Financial Summary, Detailed Financial Reports, Branches


Seacoast Commerce Bank - Overview

  • General
  • FDIC Certificate #: 57428
    Status: Active
    Federal Reserve ID: 3194638
    Date Established: June 10, 2003
    WWW: http://www.sccombank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: Yes)
    FDIC's unique #: 363531
    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: June 10, 2003
    Last Structure Change Effective Date: July 08, 2009
    Last Structure Change Process Date: July 13, 2009
    Last Data Update: July 13, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 678 3rd Avenue, Suite 101 & 310, 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)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $149.6 mil
    Equity capital: $18.1 mil
    Deposits held in domestic offices: $129.7 mil
    Return on assets (ROA): 1.73% ($2.6 mil)
    Quarterly return on assets: 1.94% ($2.9 mil)
    Return on Equity (ROE): 14.87% ($2.7 mil)
    Quarterly return on equity: 16.08% ($2.9 mil)
    Net income: $2.3 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 1.73% ($2,588.8 mil)
    Quarterly Pretax return on assets: 1.94% ($2,903.1 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
  • 48Total employees (full-time equivalent)
  • $149,644Total assets
  • $45,709Cash and due from depository institutions
  • $42,653Interest-bearing balances
  • $6,614Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $85,856Net loans & leases
  • $3,289Loan loss allowance
  • $0Trading account assets
  • $386Bank premises and fixed assets
  • $1,014Other real estate owned
  • $3,061Goodwill and other intangibles
  • $149,644Life insurance assets
  • $7,004All other assets
  • $131,569Total liabilities and capital
  • $129,674Total liabilities
  • $107,923Total deposits
  • $129,674Interest-bearing deposits
  • $79Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,895Subordinated debt
  • $18,075All other liabilities
  • $18,075Total equity capital
  • $18,075Total bank equity capital
  • $3,977Perpetual preferred stock
  • $23,676Common stock
  • $649Surplus
  • $-10,227Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $15,994Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,248Income earned, not collected on loans
  • $0Earning assets
  • $448Long-term assets (5+ years)
  • $135,123Average Assets, year-to-date
  • $14,009Average Assets, quarterly
  • $132,993Volatile liabilities
  • $146,624Insider loans
  • $84,151FHLB advances
  • $149,047Loans and leases held for sale
  • $4,043Unused loan commitments
  • $4,043Tier 1 (core) risk-based capital
  • $18,004Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,442Restructured Loans and leases
  • $1,921Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,009Total interest income
  • $1,377Total interest expense
  • $5,632Net interest income
  • $1,200Provision for loan and lease losses
  • $8,674Total noninterest income
  • $0Fiduciary activities
  • $77Service charges on deposit accounts
  • $0Trading account gains & fees
  • $8,597Additional noninterest income
  • $10,804Total noninterest expense
  • $6,403Salaries and employee benefits
  • $1,035Premises and equipment expense
  • $3,366Additional noninterest expense
  • $2,302Pre-tax net operating income
  • $0Securities gains (losses)
  • $4Applicable income taxes
  • $2,298Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,298Net income attributable to bank
  • $0Net charge-offs
  • $2,298Cash dividends
  • $461Sale, conversion, retirement of capital stock, net
  • $91Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.68%Yield on earning assets
  • 1.12%Cost of funding earning assets
  • 4.56%Net interest margin
  • 7.02%Noninterest income to earning assets
  • 8.75%Noninterest expense to earning assets
  • 1.73%Net operating income to assets
  • 1.73%Return on assets (ROA)
  • 1.73%Pretax return on assets
  • 14.87%Return on equity (ROE)
  • 14.28%Retained earnings to average equity (YTD only)
  • 0.48%Net charge-offs to loans
  • 260.30%Credit loss provision to net charge-offs
  • 7.60%Efficiency ratio
  • 75,521Assets per employee
  • 3.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 3.96%Loss allowance to loans
  • 3.69%Loss allowance to noncurrent loans
  • 146.31%Noncurrent assets plus other real estate owned to assets
  • 2.18%Noncurrent loans to loans
  • 2.52%Net loans and leases to deposits
  • 66.21%Net loans and leases to core deposits
  • 67.90%Equity capital to assets
  • 12.08%Core capital (leverage) ratio
  • 12.08%Tier 1 risk-based capital ratio
  • 21.39%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $132,993Average earning assets
  • $15,451Average equity
  • $123,476Average loans

List of branches

  • 1 Arizona Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    1516266Maricopa Branch2375 E. Camelback Road, Phoenix, AZ 85016November 02, 2009Limited Service Loan Production
  • 3 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0363531Seacoast Commerce Bank678 3rd Avenue, Suite 101 & 310, Chula Vista, CA 91910June 10, 2003Full Service Brick and Mortar
    2516267Newport Center Branch110 Newport Center Drive, Newport Beach, CA 92660September 01, 2010Limited Service Loan Production
    3516268North Maryland Branch200 North Maryland Avenue, Glendale, CA 91206August 19, 2010Limited Service Loan Production

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