FDIC Certificate #: 58286 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:AltaPacific Bank (#58275) Federal Reserve ID: 3592814 Date Established: April 09, 2007 WWW:http://www.stellarbusinessbank.com 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 #: 445432 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: April 09, 2007 Last Structure Change Effective Date: Febuary 18, 2012 Last Structure Change Process Date: Febuary 28, 2012 Last Data Update: Febuary 28, 2012 Data Source Date: April 05, 2012
Location
Address: 100 North Azusa Avenue, Covina, CA 91722 County: Los Angeles Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Los Angeles (North) Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Los Angeles-Long Beach, CA (#4480) 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: Los Angeles-Long Beach-Glendale, CA (#31084)
Financial Summary
Total assets: $86.7 mil Equity capital: $17.0 mil Deposits held in domestic offices: $69.3 mil Return on assets (ROA): -0.51% (-$0.4 mil) Quarterly return on assets: -0.62% (-$0.5 mil) Return on Equity (ROE): -2.60% (-$0.4 mil) Quarterly return on equity: -3.16% (-$0.5 mil) Net income: -$0.5 mil Quarterly Net income: -$0.1 mil Pretax return on assets: -0.51% (-$442.4 mil) Quarterly Pretax return on assets: -0.62% (-$537.8 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
19Total employees (full-time equivalent)
$86,736Total assets
$5,366Cash and due from depository institutions
$4,082Interest-bearing balances
$23,195Securities
$0Federal funds sold & reverse repurchase agreements
$55,655Net loans & leases
$1,067Loan loss allowance
$0Trading account assets
$841Bank premises and fixed assets
$247Other real estate owned
$0Goodwill and other intangibles
$86,736Life insurance assets
$1,432All other assets
$69,698Total liabilities and capital
$69,345Total liabilities
$59,654Total deposits
$69,345Interest-bearing deposits
$74Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$353Subordinated debt
$17,038All other liabilities
$17,038Total equity capital
$17,038Total bank equity capital
$0Perpetual preferred stock
$22,737Common stock
$1,128Surplus
$-6,827Undivided profits
Memoranda
$0Noncurrent loans and leases
$1,404Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,058Income earned, not collected on loans
$0Earning assets
$241Long-term assets (5+ years)
$82,932Average Assets, year-to-date
$35,951Average Assets, quarterly
$88,652Volatile liabilities
$87,693Insider loans
$62,252FHLB advances
$88,535Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$17,182Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$3,523Restructured Loans and leases
$1,184Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$4,209Total interest income
$495Total interest expense
$3,714Net interest income
$305Provision for loan and lease losses
$654Total noninterest income
$0Fiduciary activities
$38Service charges on deposit accounts
$0Trading account gains & fees
$616Additional noninterest income
$4,517Total noninterest expense
$2,284Salaries and employee benefits
$591Premises and equipment expense
$1,642Additional noninterest expense
-$454Pre-tax net operating income
$3Securities gains (losses)
$0Applicable income taxes
-$451Income before extraordinary items
$0Extraordinary gains - net
-$451Net income attributable to bank
$0Net charge-offs
-$451Cash dividends
$115Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.97%Yield on earning assets
0.58%Cost of funding earning assets
4.39%Net interest margin
0.77%Noninterest income to earning assets
5.34%Noninterest expense to earning assets
-0.51%Net operating income to assets
-0.51%Return on assets (ROA)
-0.51%Pretax return on assets
-2.60%Return on equity (ROE)
-2.60%Retained earnings to average equity (YTD only)
0.20%Net charge-offs to loans
265.22%Credit loss provision to net charge-offs
-1.30%Efficiency ratio
103,411Assets per employee
4.57%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.88%Loss allowance to noncurrent loans
100.85%Noncurrent assets plus other real estate owned to assets
1.50%Noncurrent loans to loans
1.87%Net loans and leases to deposits
80.26%Net loans and leases to core deposits
84.89%Equity capital to assets
19.64%Core capital (leverage) ratio
19.41%Tier 1 risk-based capital ratio
27.60%Total risk-based capital ratio
Memoranda
$29Average assets
$88,652Average earning assets
$17,347Average equity
$84,661Average loans
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