US Community Savings Bank in Encinitas, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 31, 1997

US Community Savings Bank in Encinitas, California (CA)
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US Community Savings Bank - Overview

General
FDIC Certificate #: 32262
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Los Padres Bank (#32165)
Federal Reserve ID: 199173
Date Established: January 03, 1985
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 8066
FDIC's unique #: 45096
Numeric code: 35
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: Yes
Date of Deposit Insurance: January 03, 1985
Last Structure Change Effective Date: May 31, 1997
Last Structure Change Process Date: June 16, 1997
Last Data Update: June 16, 1997
Data Source Date: April 05, 2012
Location
Address: 515 Encinitas Blvd., Suite 100, Encinitas, CA 92024
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)
Financial Summary
Total assets: $93.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$16Total assets
$95,339Cash and due from depository institutions
$7,889Interest-bearing balances
$6,956Securities
$2,741Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$82,693Loan loss allowance
$2,349Trading account assets
$0Bank premises and fixed assets
$77Other real estate owned
$535Goodwill and other intangibles
$1,404Life insurance assets
$0All other assets
$0Total liabilities and capital
$95,339Total liabilities
$90,610Total deposits
$80,804Interest-bearing deposits
$80,474Deposits held in domestic offices
80804.00%% insured (estimated)
$98Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$9,709Subordinated debt
$0All other liabilities
$97Total equity capital
$97Total bank equity capital
$4,729Perpetual preferred stock
$0Common stock
$1,600Surplus
$4,050Undivided profits
Memoranda
$-921Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,534Income earned, not collected on loans
$476Earning assets
$92,390Long-term assets (5+ years)
$0Average Assets, year-to-date
$95,423Average Assets, quarterly
$95,243Volatile liabilities
$18,395Insider loans
$164FHLB advances
$9,650Loans and leases held for sale
$0Unused loan commitments
$310Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,729Total risk weighted assets
$59,101Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$7,182Total interest expense
$4,728Net interest income
$2,454Provision for loan and lease losses
$268Total noninterest income
$142Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$142Total noninterest expense
$2,201Salaries and employee benefits
$883Premises and equipment expense
$473Additional noninterest expense
$845Pre-tax net operating income
$127Securities gains (losses)
$1Applicable income taxes
$6Income before extraordinary items
$122Extraordinary gains - net
$0Net income attributable to bank
$122Net charge-offs
$15Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.76%Cost of funding earning assets
5.11%Net interest margin
2.65%Noninterest income to earning assets
0.15%Noninterest expense to earning assets
2.38%Net operating income to assets
0.13%Return on assets (ROA)
0.13%Pretax return on assets
0.13%Return on equity (ROE)
2.62%Retained earnings to average equity (YTD only)
2.62%Net charge-offs to loans
0.02%Credit loss provision to net charge-offs
1786.67%Efficiency ratio
84,784Assets per employee
5.96%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.76%Loss allowance to noncurrent loans
99.61%Noncurrent assets plus other real estate owned to assets
2.17%Noncurrent loans to loans
1.82%Net loans and leases to deposits
102.34%Net loans and leases to core deposits
114.66%Equity capital to assets
4.96%Core capital (leverage) ratio
4.96%Tier 1 risk-based capital ratio
8.00%Total risk-based capital ratio
Memoranda
$9Average assets
$95,423Average earning assets
$4,660Average equity
$92,522Average loans

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