South County Bank, National Association in Rancho Santa Margarita, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • South County Bank, National Association in Rancho Santa Margarita, California (CA)
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South County Bank, National Association - Overview

  • General
  • FDIC Certificate #: 35069
    Status: Active
    Federal Reserve ID: 2854494
    Bank Holding Company (Regulatory Top Holder): Calwest Bancorp (RSSDID: 3188860, Location: Rancho Santa Margarita, CA)
    Date Established: October 21, 1999
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 74644
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 21, 1999
    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: 22342 Avenida Empresa, Rancho Santa Margarita, CA 92688
    County: Orange
    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): Orange County, CA (#5945)
    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): Los Angeles-Long Beach-Santa Ana, CA (#31100)
    CBSA Metro Statistical Area: Los Angeles-Long Beach-Santa Ana, CA (#31100)
    Core Based Statistical Division: Santa Ana-Anaheim-Irvine, CA (#42044)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $145.5 mil
    Equity capital: $10.0 mil
    Deposits held in domestic offices: $134.0 mil
    Return on assets (ROA): -0.17% (-$0.2 mil)
    Quarterly return on assets: -0.01% (-$0.0 mil)
    Return on Equity (ROE): -2.88% (-$0.3 mil)
    Quarterly return on equity: -0.12% (-$0.0 mil)
    Net income: -$0.3 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: -0.17% (-$247.4 mil)
    Quarterly Pretax return on assets: -0.01% (-$14.6 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
  • 37Total employees (full-time equivalent)
  • $145,522Total assets
  • $5,793Cash and due from depository institutions
  • $1,230Interest-bearing balances
  • $49,447Securities
  • $5,365Federal funds sold & reverse repurchase agreements
  • $74,868Net loans & leases
  • $3,897Loan loss allowance
  • $0Trading account assets
  • $126Bank premises and fixed assets
  • $1,015Other real estate owned
  • $0Goodwill and other intangibles
  • $145,522Life insurance assets
  • $8,908All other assets
  • $135,560Total liabilities and capital
  • $134,032Total liabilities
  • $83,730Total deposits
  • $134,032Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,000Trading liabilities
  • $0Other borrowed funds
  • $528Subordinated debt
  • $9,962All other liabilities
  • $9,962Total equity capital
  • $9,962Total bank equity capital
  • $0Perpetual preferred stock
  • $10,659Common stock
  • $15,863Surplus
  • $-16,560Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,350Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,819Income earned, not collected on loans
  • $397Earning assets
  • $454Long-term assets (5+ years)
  • $130,910Average Assets, year-to-date
  • $42,293Average Assets, quarterly
  • $163,130Volatile liabilities
  • $149,906Insider loans
  • $85,406FHLB advances
  • $150,922Loans and leases held for sale
  • $5,805Unused loan commitments
  • $4,726Tier 1 (core) risk-based capital
  • $9,513Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,079Total unused commitments
  • $14,018Restructured Loans and leases
  • $623Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,887Total interest income
  • $1,045Total interest expense
  • $4,842Net interest income
  • $189Provision for loan and lease losses
  • $1,729Total noninterest income
  • $0Fiduciary activities
  • $630Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,099Additional noninterest income
  • $7,054Total noninterest expense
  • $2,761Salaries and employee benefits
  • $1,062Premises and equipment expense
  • $3,231Additional noninterest expense
  • -$672Pre-tax net operating income
  • $391Securities gains (losses)
  • $2Applicable income taxes
  • -$283Income before extraordinary items
  • $0Extraordinary gains - net
  • -$283Net income attributable to bank
  • $0Net charge-offs
  • -$283Cash dividends
  • $601Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.01%Yield on earning assets
  • 0.71%Cost of funding earning assets
  • 3.30%Net interest margin
  • 1.18%Noninterest income to earning assets
  • 4.80%Noninterest expense to earning assets
  • -0.41%Net operating income to assets
  • -0.17%Return on assets (ROA)
  • -0.17%Pretax return on assets
  • -2.88%Return on equity (ROE)
  • -2.88%Retained earnings to average equity (YTD only)
  • 0.68%Net charge-offs to loans
  • 31.45%Credit loss provision to net charge-offs
  • -0.80%Efficiency ratio
  • 107,350Assets per employee
  • 3.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.95%Loss allowance to noncurrent loans
  • 44.19%Noncurrent assets plus other real estate owned to assets
  • 6.76%Noncurrent loans to loans
  • 11.20%Net loans and leases to deposits
  • 55.86%Net loans and leases to core deposits
  • 62.80%Equity capital to assets
  • 6.85%Core capital (leverage) ratio
  • 6.30%Tier 1 risk-based capital ratio
  • 11.14%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $163,130Average earning assets
  • $9,817Average equity
  • $146,839Average loans

List of branches

  • 5 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    074644South County Bank, National Association22342 Avenida Empresa, Rancho Santa Margarita, CA 92688October 21, 1999Full Service Brick and Mortar
    1461625Rancho Santa Margarita Branch22342 Avenida Empresa, Rancho Santa Margarita, CA 92688Febuary 01, 2007Limited Service Messenger
    2463136Redlands Branch1200 California Street, Suite 240, Redlands, CA 92374Febuary 28, 2007Full Service Brick and Mortar
    3463137Surf City Bank - Huntington Beach Br7755 Center Avenue, Suite 100, Huntington Beach, CA 92647Febuary 26, 2007Full Service Brick and Mortar
    5463601Irvine Branch2 Venture, Suite 120, Irvine, CA 92618March 08, 2006Full Service Brick and Mortar

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