Security Business Bank of San Diego in San Diego, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Security Business Bank of San Diego - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 44Total employees (full-time equivalent)
  • $233,390Total assets
  • $27,827Cash and due from depository institutions
  • $24,059Interest-bearing balances
  • $16,544Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $179,194Net loans & leases
  • $2,787Loan loss allowance
  • $0Trading account assets
  • $877Bank premises and fixed assets
  • $0Other real estate owned
  • $41Goodwill and other intangibles
  • $233,390Life insurance assets
  • $8,907All other assets
  • $205,395Total liabilities and capital
  • $181,140Total liabilities
  • $92,819Total deposits
  • $181,140Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $22,500Trading liabilities
  • $0Other borrowed funds
  • $1,755Subordinated debt
  • $27,995All other liabilities
  • $27,995Total equity capital
  • $27,995Total bank equity capital
  • $0Perpetual preferred stock
  • $26,977Common stock
  • $805Surplus
  • $213Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $22,215Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,170Income earned, not collected on loans
  • $43Earning assets
  • $546Long-term assets (5+ years)
  • $219,797Average Assets, year-to-date
  • $67,410Average Assets, quarterly
  • $231,277Volatile liabilities
  • $233,673Insider loans
  • $193,298FHLB advances
  • $235,715Loans and leases held for sale
  • $4,889Unused loan commitments
  • $4,889Tier 1 (core) risk-based capital
  • $27,825Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $52,060Restructured Loans and leases
  • $1,672Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,064Total interest income
  • $579Total interest expense
  • $9,485Net interest income
  • $1,960Provision for loan and lease losses
  • $944Total noninterest income
  • $0Fiduciary activities
  • $651Service charges on deposit accounts
  • $0Trading account gains & fees
  • $293Additional noninterest income
  • $8,644Total noninterest expense
  • $4,704Salaries and employee benefits
  • $1,004Premises and equipment expense
  • $2,936Additional noninterest expense
  • -$175Pre-tax net operating income
  • $450Securities gains (losses)
  • $74Applicable income taxes
  • $201Income before extraordinary items
  • $0Extraordinary gains - net
  • $201Net income attributable to bank
  • $0Net charge-offs
  • $201Cash dividends
  • $2,526Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.66%Yield on earning assets
  • 0.27%Cost of funding earning assets
  • 4.39%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 4.00%Noninterest expense to earning assets
  • -0.06%Net operating income to assets
  • 0.09%Return on assets (ROA)
  • 0.12%Pretax return on assets
  • 0.76%Return on equity (ROE)
  • 0.76%Retained earnings to average equity (YTD only)
  • 1.46%Net charge-offs to loans
  • 77.59%Credit loss provision to net charge-offs
  • 0.71%Efficiency ratio
  • 82,884Assets per employee
  • 5.30%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.53%Loss allowance to noncurrent loans
  • 128.43%Noncurrent assets plus other real estate owned to assets
  • 0.93%Noncurrent loans to loans
  • 1.19%Net loans and leases to deposits
  • 98.93%Net loans and leases to core deposits
  • 101.05%Equity capital to assets
  • 11.99%Core capital (leverage) ratio
  • 11.80%Tier 1 risk-based capital ratio
  • 14.39%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $231,277Average earning assets
  • $26,489Average equity
  • $216,031Average loans

List of branches

  • 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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