FDIC Certificate #: 34410 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Placer Sierra Bank (#30307) Federal Reserve ID: 2635901 Date Established: December 01, 1997 WWW:http://www.swcbank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 8 (Interstate: No) FDIC's unique #: 57173 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: December 01, 1997 Last Structure Change Effective Date: June 09, 2006 Last Structure Change Process Date: June 13, 2006 Last Data Update: June 13, 2006 Data Source Date: April 05, 2012
Location
Address: 277 North El Camino Real, Encinitas, CA 92024 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)
Financial Summary
Total assets: $647.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
124Total employees (full-time equivalent)
$655,814Total assets
$133,996Cash and due from depository institutions
$167Interest-bearing balances
$96,690Securities
$93,095Federal funds sold & reverse repurchase agreements
$310,312Net loans & leases
$4,494Loan loss allowance
$0Trading account assets
$2,044Bank premises and fixed assets
$0Other real estate owned
$1,441Goodwill and other intangibles
$0Life insurance assets
$18,236All other assets
$655,814Total liabilities and capital
$602,909Total liabilities
$596,228Total deposits
$162,017Interest-bearing deposits
$596,228Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$6,681All other liabilities
$52,905Total equity capital
$52,905Total bank equity capital
$52,905Perpetual preferred stock
$0Common stock
$37,130Surplus
$0Undivided profits
Memoranda
$15,775Noncurrent loans and leases
$85,520Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,043Earning assets
$310Long-term assets (5+ years)
$2,084Average Assets, year-to-date
$500,264Average Assets, quarterly
$43,666Volatile liabilities
$598,732Insider loans
$630,580FHLB advances
$14,786Loans and leases held for sale
$3,632Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,078Total risk weighted assets
$85,520Total unused commitments
$0Restructured Loans and leases
$4,494Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$30,075Total interest income
$2,631Total interest expense
$27,444Net interest income
$900Provision for loan and lease losses
$6,102Total noninterest income
$0Fiduciary activities
$2,038Service charges on deposit accounts
$0Trading account gains & fees
$4,064Additional noninterest income
$18,053Total noninterest expense
$10,033Salaries and employee benefits
$2,303Premises and equipment expense
$5,717Additional noninterest expense
$14,593Pre-tax net operating income
-$103Securities gains (losses)
$5,666Applicable income taxes
$8,824Income before extraordinary items
$0Extraordinary gains - net
$8,824Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$150Sale, conversion, retirement of capital stock, net
$250Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.68%Yield on earning assets
0.58%Cost of funding earning assets
6.09%Net interest margin
1.36%Noninterest income to earning assets
4.01%Noninterest expense to earning assets
1.48%Net operating income to assets
1.47%Return on assets (ROA)
2.42%Pretax return on assets
19.01%Return on equity (ROE)
18.47%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
600.00%Credit loss provision to net charge-offs
103.29%Efficiency ratio
53,816Assets per employee
5.29%Cash dividends to net income (YTD only)
Condition Ratios (%)
2.83%Loss allowance to loans
1.43%Loss allowance to noncurrent loans
430.87%Noncurrent assets plus other real estate owned to assets
0.16%Noncurrent loans to loans
0.33%Net loans and leases to deposits
52.05%Net loans and leases to core deposits
53.37%Equity capital to assets
8.07%Core capital (leverage) ratio
8.99%Tier 1 risk-based capital ratio
12.82%Total risk-based capital ratio
Memoranda
$14Average assets
$598,732Average earning assets
$46,410Average equity
$450,310Average loans
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