FDIC Certificate #: 33339 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:PremierWest Bank (#32975) Federal Reserve ID: 1852381 Date Established: March 12, 1991 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) FDIC's unique #: 46917 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: March 12, 1991 Last Structure Change Effective Date: January 28, 2008 Last Structure Change Process Date: January 31, 2008 Last Data Update: January 31, 2008 Data Source Date: April 05, 2012
Location
Address: 9340 East Stockton Boulevard, Elk Grove, CA 95624 County: Sacramento Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Sacramento Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Sacramento, CA (#6920) Consolidated Metropolitan Statistical Area (CMSA): Sacramento-Yolo, CA (#82) Combined Statistical Area (CSA): Sacramento-Arden-Arcade-Yuba City, CA-NV (#472) Core Based Statistical Area (CBSA): Sacramento-Arden-Arcade-Roseville, CA (#40900) CBSA Metro Statistical Area: Sacramento-Arden-Arcade-Roseville, CA (#40900)
Financial Summary
Total assets: $366.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
60Total employees (full-time equivalent)
$366,780Total assets
$8,225Cash and due from depository institutions
$993Interest-bearing balances
$31,998Securities
$106,905Federal funds sold & reverse repurchase agreements
$208,362Net loans & leases
$3,556Loan loss allowance
$0Trading account assets
$4,845Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$1,980Life insurance assets
$6,445All other assets
$366,780Total liabilities and capital
$314,902Total liabilities
$293,790Total deposits
$241,300Interest-bearing deposits
$293,790Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$17,612Other borrowed funds
$0Subordinated debt
$3,500All other liabilities
$51,878Total equity capital
$51,878Total bank equity capital
$51,878Perpetual preferred stock
$0Common stock
$6,729Surplus
$9,934Undivided profits
Memoranda
$35,215Noncurrent loans and leases
$23,226Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,487Earning assets
$0Long-term assets (5+ years)
$1,575Average Assets, year-to-date
$348,258Average Assets, quarterly
$29,857Volatile liabilities
$374,924Insider loans
$372,103FHLB advances
$117,045Loans and leases held for sale
$8,913Unused loan commitments
$17,612Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$23,226Total unused commitments
$0Restructured Loans and leases
$3,347Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$27,462Total interest income
$11,111Total interest expense
$16,351Net interest income
$300Provision for loan and lease losses
$920Total noninterest income
$0Fiduciary activities
$420Service charges on deposit accounts
$0Trading account gains & fees
$500Additional noninterest income
$7,726Total noninterest expense
$4,229Salaries and employee benefits
$937Premises and equipment expense
$2,560Additional noninterest expense
$9,245Pre-tax net operating income
$0Securities gains (losses)
$318Applicable income taxes
$8,927Income before extraordinary items
$0Extraordinary gains - net
$8,927Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2Sale, conversion, retirement of capital stock, net
$4,520Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.72%Yield on earning assets
3.12%Cost of funding earning assets
4.59%Net interest margin
0.26%Noninterest income to earning assets
2.17%Noninterest expense to earning assets
2.38%Net operating income to assets
2.38%Return on assets (ROA)
2.47%Pretax return on assets
18.02%Return on equity (ROE)
8.90%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
15000.00%Credit loss provision to net charge-offs
4772.50%Efficiency ratio
44,734Assets per employee
6.11%Cash dividends to net income (YTD only)
Condition Ratios (%)
50.63%Loss allowance to loans
1.68%Loss allowance to noncurrent loans
142.98%Noncurrent assets plus other real estate owned to assets
0.68%Noncurrent loans to loans
1.17%Net loans and leases to deposits
70.92%Net loans and leases to core deposits
115.92%Equity capital to assets
14.14%Core capital (leverage) ratio
13.73%Tier 1 risk-based capital ratio
19.36%Total risk-based capital ratio
Memoranda
$21Average assets
$374,924Average earning assets
$49,542Average equity
$355,904Average loans
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