FDIC Certificate #: 58021 Status: Active Federal Reserve ID: 3345449 Bank Holding Company (Regulatory Top Holder): Square 1 Financial, Inc. (RSSDID: 3345430, Location: Durham, NC) Date Established: August 08, 2005 WWW:http://www.square1financial.combank/ Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 433914 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: August 08, 2005 Last Structure Change Effective Date: Febuary 01, 2012 Last Structure Change Process Date: Febuary 02, 2012 Last Data Update: Febuary 02, 2012 Data Source Date: April 05, 2012
Location
Address: 406 Blackwell Street, Suite 240, Durham, NC 27701 County: Durham Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Raleigh Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Raleigh-Durham-Chapel Hill, NC (#6640) Combined Statistical Area (CSA): Raleigh-Durham-Cary, NC (#450) Core Based Statistical Area (CBSA): Durham-Chapel Hill, NC (#20500) CBSA Metro Statistical Area: Durham-Chapel Hill, NC (#20500)
Financial Summary
Total assets: $1,644.4 mil Equity capital: $126.0 mil Deposits held in domestic offices: $1,502.1 mil Return on assets (ROA): 0.38% ($6.2 mil) Quarterly return on assets: 0.55% ($9.0 mil) Return on Equity (ROE): 5.02% ($6.3 mil) Quarterly return on equity: 7.02% ($8.8 mil) Net income: $5.9 mil Quarterly Net income: $2.2 mil Pretax return on assets: 0.66% ($10,852.9 mil) Quarterly Pretax return on assets: 0.89% ($14,634.9 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
189Total employees (full-time equivalent)
$1,644,372Total assets
$194,411Cash and due from depository institutions
$187,958Interest-bearing balances
$708,370Securities
$116Federal funds sold & reverse repurchase agreements
$699,272Net loans & leases
$11,632Loan loss allowance
$0Trading account assets
$3,020Bank premises and fixed assets
$0Other real estate owned
$478Goodwill and other intangibles
$1,644,372Life insurance assets
$38,705All other assets
$1,518,341Total liabilities and capital
$1,502,125Total liabilities
$1,341,635Total deposits
$1,502,125Interest-bearing deposits
$73Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$16,216Subordinated debt
$126,031All other liabilities
$126,031Total equity capital
$126,031Total bank equity capital
$0Perpetual preferred stock
$49,500Common stock
$105,714Surplus
$-29,183Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$7,063Income earned, not collected on loans
$0Earning assets
$5,654Long-term assets (5+ years)
$1,595,716Average Assets, year-to-date
$540,862Average Assets, quarterly
$1,543,881Volatile liabilities
$1,602,201Insider loans
$971,367FHLB advances
$1,572,673Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$132,557Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$714,185Restructured Loans and leases
$15,923Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$59,816Total interest income
$860Total interest expense
$58,956Net interest income
$7,300Provision for loan and lease losses
$13,334Total noninterest income
$0Fiduciary activities
$3,050Service charges on deposit accounts
$0Trading account gains & fees
$10,284Additional noninterest income
$45,874Total noninterest expense
$26,392Salaries and employee benefits
$4,832Premises and equipment expense
$14,650Additional noninterest expense
$19,116Pre-tax net operating income
-$8,956Securities gains (losses)
$4,303Applicable income taxes
$5,857Income before extraordinary items
$0Extraordinary gains - net
$5,857Net income attributable to bank
$0Net charge-offs
$5,857Cash dividends
$4,865Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.08%Yield on earning assets
0.06%Cost of funding earning assets
4.02%Net interest margin
0.91%Noninterest income to earning assets
3.13%Noninterest expense to earning assets
0.75%Net operating income to assets
0.38%Return on assets (ROA)
0.66%Pretax return on assets
5.02%Return on equity (ROE)
5.02%Retained earnings to average equity (YTD only)
0.79%Net charge-offs to loans
150.05%Credit loss provision to net charge-offs
5.43%Efficiency ratio
63,458Assets per employee
8.70%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.64%Loss allowance to noncurrent loans
164.69%Noncurrent assets plus other real estate owned to assets
0.43%Noncurrent loans to loans
0.99%Net loans and leases to deposits
46.55%Net loans and leases to core deposits
47.29%Equity capital to assets
7.66%Core capital (leverage) ratio
8.43%Tier 1 risk-based capital ratio
13.65%Total risk-based capital ratio
Memoranda
$15Average assets
$1,543,881Average earning assets
$116,568Average equity
$1,467,300Average loans
List of branches
1 North Carolina Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
433914
Square 1 Bank
406 Blackwell Street, Suite 240, Durham, NC 27701
August 08, 2005
Full Service Brick and Mortar
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