Security Business Bank of San Diego in San Diego, California (CA)

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Security Business Bank of San Diego routing number info

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Security Business Bank of San Diego
GeneralFDIC Certificate #: 57357
Status: Active
Federal Reserve ID: 3125566
Bank Holding Company (Regulatory Top Holder): Security Business Bancorp (RSSDID: 3637863, Location: San Diego, CA)
Date Established: September 27, 2002
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Domestic: 4, Interstate: No)
FDIC's unique #: 362428
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: September 27, 2002
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 701 B Street, Suite 100, 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)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $233.4 mil
Equity capital: $28.0 mil
Deposits held in domestic offices: $181.1 mil
Return on assets (ROA): 0.09% ($0.2 mil)
Quarterly return on assets: 0.24% ($0.6 mil)
Return on Equity (ROE): 0.76% ($0.2 mil)
Quarterly return on equity: 2.05% ($0.6 mil)
Net income: $0.2 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.12% ($280.1 mil)
Quarterly Pretax return on assets: 0.39% ($910.2 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)
Total employees (full-time equivalent)44
Total assets$233,390
Cash and due from depository institutions$27,827
Interest-bearing balances$24,059
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$179,194
Loan loss allowance $2,787
Trading account assets$0
Bank premises and fixed assets$877
Other real estate owned$0
Goodwill and other intangibles$41
All other assets$8,907
Life insurance assets$233,390
Total liabilities and capital$205,395
Total liabilities$181,140
Total deposits$92,819
Interest-bearing deposits$181,140
Deposits held in domestic offices$80
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$22,500
Other borrowed funds $0
Subordinated debt $1,755
All other liabilities $27,995
Total equity capital$27,995
Total bank equity capital$27,995
Perpetual preferred stock$0
Common stock$26,977
Undivided profits $213
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $22,215
Income earned, not collected on loans $2,170
Earning assets $43
Long-term assets (5+ years) $546
Average Assets, year-to-date $219,797
Average Assets, quarterly $67,410
Volatile liabilities $231,277
Insider loans $233,673
FHLB advances $193,298
Loans and leases held for sale $235,715
Unused loan commitments $4,889
Tier 1 (core) risk-based capital $4,889
Tier 2 risk-based capital $27,825
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $52,060
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $10,064
Total interest expense $579
Net interest income $9,485
Provision for loan and lease losses $1,960
Total noninterest income $944
Fiduciary activities $0
Service charges on deposit accounts $651
Trading account gains & fees $0
Additional noninterest income $293
Total noninterest expense $8,644
Salaries and employee benefits $4,704
Premises and equipment expense $1,004
Additional noninterest expense $2,936
Pre-tax net operating income -$175
Securities gains (losses) $450
Applicable income taxes $74
Income before extraordinary items $201
Extraordinary gains - net $0
Net income attributable to bank $201
Net charge-offs $0
Cash dividends $201
Sale, conversion, retirement of capital stock, net $2,526
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.66%
Cost of funding earning assets 0.27%
Net interest margin 4.39%
Noninterest income to earning assets 0.44%
Noninterest expense to earning assets 4.00%
Net operating income to assets -0.06%
Return on assets (ROA) 0.09%
Pretax return on assets 0.12%
Return on equity (ROE) 0.76%
Retained earnings to average equity (YTD only) 0.76%
Net charge-offs to loans 1.46%
Credit loss provision to net charge-offs 77.59%
Efficiency ratio0.71%
Assets per employee$82,884
Cash dividends to net income (YTD only)5.30%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.53%
Noncurrent assets plus other real estate owned to assets 128.43%
Noncurrent loans to loans 0.93%
Net loans and leases to deposits1.19%
Net loans and leases to core deposits 98.93%
Equity capital to assets 101.05%
Core capital (leverage) ratio 11.99%
Tier 1 risk-based capital ratio 11.80%
Total risk-based capital ratio 14.39%
Average assets$16
Average earning assets$231,277
Average equity $26,489
Average loans $216,031
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4 California Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0362428Security Business Bank Of San Diego701 B Street, Suite 100, San Diego, CA 92101September 27, 2002Full Service Brick and Mortar
2451195Carlsbad Office5901 Priestly Drive, Suite 160, Carlsbad, CA 92008January 23, 2006Full Service Brick and Mortar
3453346Carmel Valley Branch12770 High Bluff Drive, San Diego, CA 92130October 01, 2004Full Service Brick and Mortar
4528186Escondido Branch800 La Terazza Blvd., Escondido, CA 92025August 15, 2011Full Service Brick and Mortar
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