Security Bank of California in Riverside, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Security Bank of California - Overview

  • General
  • FDIC Certificate #: 57964
    Status: Active
    Federal Reserve ID: 3358289
    Bank Holding Company (Regulatory Top Holder): Security California Bancorp (RSSDID: 3804469, Location: Riverside, CA)
    Date Established: June 20, 2005
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 3, Interstate: No)
    FDIC's unique #: 432646
    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 20, 2005
    Last Structure Change Effective Date: Febuary 04, 2012
    Last Structure Change Process Date: Febuary 15, 2012
    Last Data Update: Febuary 15, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 3403 Tenth Street, Suite 100, Riverside, CA 92501
    County: Riverside
    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): Riverside-San Bernardino, CA (#6780)
    Consolidated Metropolitan Statistical Area (CMSA): Los Angeles-Riverside-Orange County, CA (#49)
    Combined Statistical Area (CSA): Los Angeles-Long Beach-Riverside, CA (#348)
    Core Based Statistical Area (CBSA): Riverside-San Bernardino-Ontario, CA (#40140)
    CBSA Metro Statistical Area: Riverside-San Bernardino-Ontario, CA (#40140)
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $412.0 mil
    Equity capital: $50.2 mil
    Deposits held in domestic offices: $359.6 mil
    Return on assets (ROA): 0.64% ($2.6 mil)
    Quarterly return on assets: 0.43% ($1.8 mil)
    Return on Equity (ROE): 4.92% ($2.5 mil)
    Quarterly return on equity: 3.51% ($1.8 mil)
    Net income: $2.4 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.15% ($4,738.2 mil)
    Quarterly Pretax return on assets: 0.80% ($3,296.2 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
  • 58Total employees (full-time equivalent)
  • $412,021Total assets
  • $51,899Cash and due from depository institutions
  • $22,891Interest-bearing balances
  • $54,722Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $296,704Net loans & leases
  • $5,759Loan loss allowance
  • $0Trading account assets
  • $1,325Bank premises and fixed assets
  • $0Other real estate owned
  • $441Goodwill and other intangibles
  • $412,021Life insurance assets
  • $6,930All other assets
  • $361,826Total liabilities and capital
  • $359,602Total liabilities
  • $198,280Total deposits
  • $359,602Interest-bearing deposits
  • $77Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,224Subordinated debt
  • $50,195All other liabilities
  • $50,195Total equity capital
  • $50,195Total bank equity capital
  • $0Perpetual preferred stock
  • $47,526Common stock
  • $2,764Surplus
  • $-95Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,976Income earned, not collected on loans
  • $0Earning assets
  • $1,312Long-term assets (5+ years)
  • $374,317Average Assets, year-to-date
  • $133,031Average Assets, quarterly
  • $372,969Volatile liabilities
  • $404,793Insider loans
  • $337,722FHLB advances
  • $408,743Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $50,046Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $97,493Restructured Loans and leases
  • $7,188Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,901Total interest income
  • $1,321Total interest expense
  • $14,580Net interest income
  • $2,212Provision for loan and lease losses
  • $2,666Total noninterest income
  • $0Fiduciary activities
  • $958Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,708Additional noninterest income
  • $11,040Total noninterest expense
  • $6,642Salaries and employee benefits
  • $1,451Premises and equipment expense
  • $2,947Additional noninterest expense
  • $3,994Pre-tax net operating income
  • $312Securities gains (losses)
  • $1,916Applicable income taxes
  • $2,390Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,390Net income attributable to bank
  • $0Net charge-offs
  • $2,390Cash dividends
  • $2,065Sale, 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
  • 0.38%Cost of funding earning assets
  • 4.24%Net interest margin
  • 0.77%Noninterest income to earning assets
  • 3.21%Noninterest expense to earning assets
  • 0.59%Net operating income to assets
  • 0.64%Return on assets (ROA)
  • 1.15%Pretax return on assets
  • 4.92%Return on equity (ROE)
  • 4.92%Retained earnings to average equity (YTD only)
  • 0.71%Net charge-offs to loans
  • 107.12%Credit loss provision to net charge-offs
  • 3.01%Efficiency ratio
  • 64,015Assets per employee
  • 7.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.90%Loss allowance to noncurrent loans
  • 52.47%Noncurrent assets plus other real estate owned to assets
  • 2.66%Noncurrent loans to loans
  • 3.63%Net loans and leases to deposits
  • 82.51%Net loans and leases to core deposits
  • 95.04%Equity capital to assets
  • 12.18%Core capital (leverage) ratio
  • 12.24%Tier 1 risk-based capital ratio
  • 14.82%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $372,969Average earning assets
  • $48,600Average equity
  • $344,062Average loans

List of branches

  • 4 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0432646Security Bank Of California3403 Tenth Street, Suite 100, Riverside, CA 92501June 20, 2005Full Service Brick and Mortar
    1465953San Bernardino Branch306 West Second Street, Suite 100, San Bernardino, CA 92401July 16, 2007Full Service Brick and Mortar
    2511468Redlands Branch201 E. State Street, Suite 100, Redlands, CA 92373July 01, 2009Full Service Brick and Mortar
    3360131Orange Branch1249 East Katella Avenue, Orange, CA 92867November 06, 2000Full Service Brick and Mortar

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