Stellar Business Bank in Covina, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 18, 2012

Stellar Business Bank - Overview

  • General
  • FDIC Certificate #: 58286
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: AltaPacific Bank (#58275)
    Federal Reserve ID: 3592814
    Date Established: April 09, 2007
    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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