Sincere Federal Savings Bank in San Francisco, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 13, 2005

  • Sincere Federal Savings Bank in San Francisco, California (CA)
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Sincere Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 31992
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: GBC International Bank (#22366)
    Federal Reserve ID: 382872
    Date Established: November 29, 1979
    WWW: http://www.sfsb1355@aol
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 7701
    FDIC's unique #: 44826
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: November 29, 1979
    Last Structure Change Effective Date: May 13, 2005
    Last Structure Change Process Date: May 25, 2005
    Last Data Update: May 25, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 1355 Stockton Street, San Francisco, CA 94133
    County: San Francisco
    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): San Francisco, CA (#7360)
    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): San Francisco-Oakland-Fremont, CA (#41860)
    CBSA Metro Statistical Area: San Francisco-Oakland-Fremont, CA (#41860)
    Core Based Statistical Division: San Francisco-San Mateo-Redwood City, CA (#41884)
  • Financial Summary
  • Total assets: $53.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)

  • Dollar figures in thousands
  • 19Total employees (full-time equivalent)
  • $53,948Total assets
  • $14,686Cash and due from depository institutions
  • $13,987Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $38,430Net loans & leases
  • $200Loan loss allowance
  • $0Trading account assets
  • $41Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $791All other assets
  • $53,948Total liabilities and capital
  • $47,151Total liabilities
  • $47,042Total deposits
  • $46,803Interest-bearing deposits
  • $47,042Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $109All other liabilities
  • $6,797Total equity capital
  • $6,797Total bank equity capital
  • $6,797Perpetual preferred stock
  • $0Common stock
  • $113Surplus
  • $704Undivided profits
  • Memoranda
  • $5,980Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $188Average Assets, year-to-date
  • $52,417Average Assets, quarterly
  • $0Volatile liabilities
  • $53,907Insider loans
  • $53,979FHLB advances
  • $7,139Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $200Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $2,549Total interest income
  • $504Total interest expense
  • $2,045Net interest income
  • $0Provision for loan and lease losses
  • $84Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $84Additional noninterest income
  • $1,994Total noninterest expense
  • $1,213Salaries and employee benefits
  • $566Premises and equipment expense
  • $215Additional noninterest expense
  • $135Pre-tax net operating income
  • $0Securities gains (losses)
  • $32Applicable income taxes
  • $103Income before extraordinary items
  • $0Extraordinary gains - net
  • $103Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $23Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.89%Yield on earning assets
  • 0.97%Cost of funding earning assets
  • 3.92%Net interest margin
  • 0.16%Noninterest income to earning assets
  • 3.82%Noninterest expense to earning assets
  • 0.19%Net operating income to assets
  • 0.19%Return on assets (ROA)
  • 0.25%Pretax return on assets
  • 1.52%Return on equity (ROE)
  • 1.18%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 93,659Assets per employee
  • 2.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 22.33%Loss allowance to loans
  • 0.52%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 81.69%Net loans and leases to core deposits
  • 96.31%Equity capital to assets
  • 12.60%Core capital (leverage) ratio
  • 12.60%Tier 1 risk-based capital ratio
  • 17.44%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $53,907Average earning assets
  • $6,759Average equity
  • $52,131Average loans

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