The Bank of Hemet in Riverside, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Bank of Hemet - Overview

  • General
  • FDIC Certificate #: 21606
    Status: Active
    Federal Reserve ID: 183668
    Bank Holding Company (Regulatory Top Holder): Hemet Bancorp (RSSDID: 3058057, Location: Riverside, CA)
    Date Established: June 03, 1974
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 10764
    FDIC's unique #: 14945
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: June 03, 1974
    Last Structure Change Effective Date: December 28, 2009
    Last Structure Change Process Date: December 28, 2009
    Last Data Update: December 28, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 3715 Sunnyside Drive, Riverside, CA 92506
    County: Riverside
    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): Riverside-San Bernardino, CA (#6780)
    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): Riverside-San Bernardino-Ontario, CA (#40140)
    CBSA Metro Statistical Area: Riverside-San Bernardino-Ontario, CA (#40140)
  • Financial Summary
  • Total assets: $439.8 mil
    Equity capital: $51.7 mil
    Deposits held in domestic offices: $386.3 mil
    Return on assets (ROA): 2.46% ($10.8 mil)
    Quarterly return on assets: 2.16% ($9.5 mil)
    Return on Equity (ROE): 21.22% ($11.0 mil)
    Quarterly return on equity: 18.24% ($9.5 mil)
    Net income: $11.0 mil
    Quarterly Net income: $2.4 mil
    Pretax return on assets: 2.51% ($11,038.1 mil)
    Quarterly Pretax return on assets: 2.27% ($9,982.6 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, 2011)

  • Dollar figures in thousands
  • 81Total employees (full-time equivalent)
  • $439,763Total assets
  • $32,316Cash and due from depository institutions
  • $27,571Interest-bearing balances
  • $37,593Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $358,431Net loans & leases
  • $6,917Loan loss allowance
  • $0Trading account assets
  • $2,875Bank premises and fixed assets
  • $1,128Other real estate owned
  • $0Goodwill and other intangibles
  • $439,763Life insurance assets
  • $7,420All other assets
  • $388,047Total liabilities and capital
  • $386,341Total liabilities
  • $290,227Total deposits
  • $386,341Interest-bearing deposits
  • $74Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,706Subordinated debt
  • $51,716All other liabilities
  • $51,716Total equity capital
  • $51,716Total bank equity capital
  • $0Perpetual preferred stock
  • $1,044Common stock
  • $13,750Surplus
  • $36,922Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,520Income earned, not collected on loans
  • $0Earning assets
  • $1,473Long-term assets (5+ years)
  • $423,595Average Assets, year-to-date
  • $134,850Average Assets, quarterly
  • $445,355Volatile liabilities
  • $443,253Insider loans
  • $377,070FHLB advances
  • $446,919Loans and leases held for sale
  • $531Unused loan commitments
  • $531Tier 1 (core) risk-based capital
  • $51,025Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $12,167Restructured Loans and leases
  • $7,092Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $23,228Total interest income
  • $1,696Total interest expense
  • $21,532Net interest income
  • $1,609Provision for loan and lease losses
  • $2,079Total noninterest income
  • $0Fiduciary activities
  • $1,716Service charges on deposit accounts
  • $0Trading account gains & fees
  • $363Additional noninterest income
  • $10,854Total noninterest expense
  • $5,753Salaries and employee benefits
  • $1,232Premises and equipment expense
  • $3,869Additional noninterest expense
  • $11,148Pre-tax net operating income
  • $36Securities gains (losses)
  • $229Applicable income taxes
  • $10,955Income before extraordinary items
  • $0Extraordinary gains - net
  • $10,955Net income attributable to bank
  • $0Net charge-offs
  • $10,955Cash dividends
  • $1,210Sale, conversion, retirement of capital stock, net
  • $8,921Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.41%Yield on earning assets
  • 0.40%Cost of funding earning assets
  • 5.02%Net interest margin
  • 0.48%Noninterest income to earning assets
  • 2.53%Noninterest expense to earning assets
  • 2.45%Net operating income to assets
  • 2.46%Return on assets (ROA)
  • 2.51%Pretax return on assets
  • 21.22%Return on equity (ROE)
  • 3.94%Retained earnings to average equity (YTD only)
  • 0.34%Net charge-offs to loans
  • 132.98%Credit loss provision to net charge-offs
  • 10.54%Efficiency ratio
  • 45,970Assets per employee
  • 5.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 81.43%Loss allowance to loans
  • 1.89%Loss allowance to noncurrent loans
  • 196.51%Noncurrent assets plus other real estate owned to assets
  • 1.06%Noncurrent loans to loans
  • 0.96%Net loans and leases to deposits
  • 92.78%Net loans and leases to core deposits
  • 100.30%Equity capital to assets
  • 11.76%Core capital (leverage) ratio
  • 11.42%Tier 1 risk-based capital ratio
  • 13.53%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $445,355Average earning assets
  • $51,621Average equity
  • $429,029Average loans

List of branches

  • 6 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    014945The Bank Of Hemet3715 Sunnyside Drive, Riverside, CA 92506June 03, 1974Full Service Brick and Mortar
    7286794Anza Branch56525 Highway 371, Anza, CA 92539January 01, 1980Full Service Brick and Mortar
    9286796San Jacinto Branch1891 South San Jacinto Avenue, Suite A, San Jacinto, CA 92583June 30, 1989Full Service Brick and Mortar
    10253103Westside Branch1555 West Florida Avenue, Hemet, CA 92543March 08, 1993Full Service Brick and Mortar
    13469648Beaumont Branch1540 E. 6th Street, Suite C, Beaumont, CA 92223December 10, 2007Full Service Brick and Mortar
    16500500Hemet Branch1600 East Florida Avenue, Suite 200, Hemet, CA 92544July 02, 2007Full Service Brick and Mortar

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