Torrey Pines Bank in San Diego, California (CA), DE
Overview, Financial Summary, Detailed Financial Reports, Branches


Torrey Pines Bank - Overview

  • General
  • FDIC Certificate #: 57577
    Status: Active
    Federal Reserve ID: 3179082
    Bank Holding Company (Regulatory Top Holder): Western Alliance Bancorporation (RSSDID: 2349815, Location: Phoenix, AZ)
    Date Established: May 23, 2003
    WWW: http://www.torreypinesbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 13 (Domestic: 13, Interstate: Yes)
    FDIC's unique #: 365862
    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: May 23, 2003
    Last Structure Change Effective Date: December 31, 2010
    Last Structure Change Process Date: January 05, 2011
    Last Data Update: January 05, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 12220 El Camino Real, Suite 100, San Diego, CA 92130
    County: San Diego
    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): San Diego, CA (#7320)
    Core Based Statistical Area (CBSA): San Diego-Carlsbad-San Marcos, CA (#41740)
    CBSA Metro Statistical Area: San Diego-Carlsbad-San Marcos, CA (#41740)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $1,728.4 mil
    Equity capital: $152.8 mil
    Deposits held in domestic offices: $1,416.8 mil
    Return on assets (ROA): 1.10% ($19.0 mil)
    Quarterly return on assets: 1.30% ($22.5 mil)
    Return on Equity (ROE): 12.20% ($18.7 mil)
    Quarterly return on equity: 14.38% ($22.0 mil)
    Net income: $17.5 mil
    Quarterly Net income: $5.4 mil
    Pretax return on assets: 1.96% ($33,876.6 mil)
    Quarterly Pretax return on assets: 2.27% ($39,234.7 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
  • 221Total employees (full-time equivalent)
  • $1,728,400Total assets
  • $70,775Cash and due from depository institutions
  • $29,566Interest-bearing balances
  • $263,278Securities
  • $9,000Federal funds sold & reverse repurchase agreements
  • $1,302,420Net loans & leases
  • $16,518Loan loss allowance
  • $0Trading account assets
  • $15,679Bank premises and fixed assets
  • $2,262Other real estate owned
  • $237Goodwill and other intangibles
  • $1,728,400Life insurance assets
  • $64,749All other assets
  • $1,575,585Total liabilities and capital
  • $1,416,755Total liabilities
  • $1,006,699Total deposits
  • $1,416,755Interest-bearing deposits
  • $69Deposits held in domestic offices
  • 12350.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $110,000Trading liabilities
  • $20,000Other borrowed funds
  • $16,480Subordinated debt
  • $152,815All other liabilities
  • $152,815Total equity capital
  • $152,815Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $147,751Surplus
  • $5,064Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,385Income earned, not collected on loans
  • $0Earning assets
  • $5,442Long-term assets (5+ years)
  • $1,604,264Average Assets, year-to-date
  • $479,235Average Assets, quarterly
  • $1,592,133Volatile liabilities
  • $1,676,145Insider loans
  • $1,541,878FHLB advances
  • $1,641,500Loans and leases held for sale
  • $31,158Unused loan commitments
  • $5,882Tier 1 (core) risk-based capital
  • $151,058Tier 2 risk-based capital
  • $9,490Total risk weighted assets
  • $15,786Total unused commitments
  • $593,521Restructured Loans and leases
  • $775Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $82,617Total interest income
  • $6,473Total interest expense
  • $76,144Net interest income
  • $6,489Provision for loan and lease losses
  • $4,011Total noninterest income
  • $0Fiduciary activities
  • $1,542Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,469Additional noninterest income
  • $41,365Total noninterest expense
  • $22,689Salaries and employee benefits
  • $5,223Premises and equipment expense
  • $13,453Additional noninterest expense
  • $32,301Pre-tax net operating income
  • $880Securities gains (losses)
  • $13,676Applicable income taxes
  • $19,505Income before extraordinary items
  • -$1,996Extraordinary gains - net
  • $17,509Net income attributable to bank
  • $0Net charge-offs
  • $17,509Cash dividends
  • $6,755Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.55%Yield on earning assets
  • 0.44%Cost of funding earning assets
  • 5.12%Net interest margin
  • 0.27%Noninterest income to earning assets
  • 2.78%Noninterest expense to earning assets
  • 1.19%Net operating income to assets
  • 1.10%Return on assets (ROA)
  • 1.96%Pretax return on assets
  • 12.20%Return on equity (ROE)
  • 12.20%Retained earnings to average equity (YTD only)
  • 0.57%Net charge-offs to loans
  • 96.06%Credit loss provision to net charge-offs
  • 5.74%Efficiency ratio
  • 51,580Assets per employee
  • 7.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.25%Loss allowance to noncurrent loans
  • 258.70%Noncurrent assets plus other real estate owned to assets
  • 0.50%Noncurrent loans to loans
  • 0.48%Net loans and leases to deposits
  • 91.93%Net loans and leases to core deposits
  • 111.36%Equity capital to assets
  • 8.84%Core capital (leverage) ratio
  • 9.20%Tier 1 risk-based capital ratio
  • 9.80%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $1,592,133Average earning assets
  • $143,558Average equity
  • $1,487,655Average loans

List of branches

  • 12 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0365862Torrey Pines Bank12220 El Camino Real, Suite 100, San Diego, CA 92130May 23, 2003Full Service Brick and Mortar
    1424292Carmel Valley Branch12220 El Camino Real Suite 110, San Diego, CA 92130November 17, 2003Full Service Brick and Mortar
    2430989La Mesa Office8379 Center Drive, La Mesa, CA 91942August 02, 2004Full Service Brick and Mortar
    3450877Golden Triangle Office4350 Executive Drive, Suite 130, San Diego, CA 92121November 02, 2005Full Service Brick and Mortar
    4453972Symphony Towers Branch750 B Street, Suite 100, San Diego, CA 92101August 23, 2005Full Service Brick and Mortar
    5455354Kearny Mesa Office9820 Clairemont Mesa Boulevard, San Diego, CA 92123September 01, 2006Full Service Brick and Mortar
    6464821Carlsbad Office2760 Gateway Road, Carlsbad, CA 92008July 02, 2007Full Service Brick and Mortar
    8478516Downtown San Diego Branch550 C Street, Suite 100, San Diego, CA 92101July 01, 2007Full Service Brick and Mortar
    9511943Los Angeles Office Branch601 West 5th Street, Los Angeles, CA 90071August 11, 2010Full Service Brick and Mortar
    10450800Oakland Branch1951 Webster Street, Oakland, CA 94612October 16, 2006Full Service Brick and Mortar
    11493019Piedmont Branch1337 Grand Avenue, Piedmont, CA 94610July 01, 2008Full Service Brick and Mortar
    12511942Los Altos Office Branch20 First Street, Los Altos, CA 94022August 11, 2010Full Service Brick and Mortar
  • 1 Delaware Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    7467172Loan Production Office1105 N. Market Street, Wilmington, DE 19801August 07, 2007Limited Service Loan Production

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