Union Safe Deposit Bank in Stockton, California (CA)

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Union Safe Deposit Bank
GeneralFDIC Certificate #: 8473
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Bank of the West (#3514)
Federal Reserve ID: 480563
Date Established: April 21, 1897
WWW: http://www.unionsafe.com
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 21 (Interstate: No)
OTS Docket #: 10151
FDIC's unique #: 5388
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: Febuary 08, 2005
Last Structure Change Process Date: Febuary 08, 2005
Last Data Update: Febuary 08, 2005
Data Source Date: April 05, 2012
LocationAddress: 327 East Main Street, Stockton, CA 95202
County: San Joaquin
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): Stockton-Lodi, CA (#8120)
Core Based Statistical Area (CBSA): Stockton, CA (#44700)
CBSA Metro Statistical Area: Stockton, CA (#44700)
Financial SummaryTotal assets: $1,381.5 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, 2004)
(Dollar figures in thousands)
Total employees (full-time equivalent)351
Total assets$1,381,522
Cash and due from depository institutions$39,055
Interest-bearing balances$208
Federal funds sold & reverse repurchase agreements$93,757
Net loans & leases$623,200
Loan loss allowance $7,101
Trading account assets$0
Bank premises and fixed assets$19,690
Other real estate owned$0
Goodwill and other intangibles$183,979
All other assets$60,788
Life insurance assets$0
Total liabilities and capital$1,381,522
Total liabilities$1,101,502
Total deposits$913,705
Interest-bearing deposits$696,191
Deposits held in domestic offices$913,705
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $156,609
Subordinated debt $0
All other liabilities $31,188
Total equity capital$280,020
Total bank equity capital$280,020
Perpetual preferred stock$280,020
Common stock$0
Undivided profits $278,578
Noncurrent loans and leases $1,155
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $232,768
Income earned, not collected on loans $0
Earning assets $2,251
Long-term assets (5+ years) $0
Average Assets, year-to-date $4,002
Average Assets, quarterly $1,078,218
Volatile liabilities $484,935
Insider loans $1,197,231
FHLB advances $1,281,910
Loans and leases held for sale $298,599
Unused loan commitments $318
Tier 1 (core) risk-based capital $156,609
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $232,768
Restructured Loans and leases $0
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Income and Expense (December 31, 2004)
(Dollar figures in thousands)
Total interest income $9,556
Total interest expense $2,032
Net interest income $7,524
Provision for loan and lease losses $204
Total noninterest income $2,824
Fiduciary activities $220
Service charges on deposit accounts $1,542
Trading account gains & fees $0
Additional noninterest income $1,062
Total noninterest expense $6,843
Salaries and employee benefits $3,354
Premises and equipment expense $895
Additional noninterest expense $2,594
Pre-tax net operating income $3,301
Securities gains (losses) -$178
Applicable income taxes $1,119
Income before extraordinary items $2,004
Extraordinary gains - net $0
Net income attributable to bank $2,004
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $9
Net operating income $0
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Performance and Condition Ratios (December 31, 2004)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.92%
Cost of funding earning assets 0.19%
Net interest margin 0.72%
Noninterest income to earning assets 0.27%
Noninterest expense to earning assets 0.66%
Net operating income to assets 0.18%
Return on assets (ROA) 0.17%
Pretax return on assets 0.26%
Return on equity (ROE) 1.51%
Retained earnings to average equity (YTD only) 1.51%
Net charge-offs to loans 0.00%
Credit loss provision to net charge-offs 2266.67%
Efficiency ratio389.44%
Assets per employee$62,370
Cash dividends to net income (YTD only)3.94%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.13%
Noncurrent assets plus other real estate owned to assets 315.46%
Noncurrent loans to loans 0.16%
Net loans and leases to deposits0.36%
Net loans and leases to core deposits 68.21%
Equity capital to assets 83.86%
Core capital (leverage) ratio 20.27%
Tier 1 risk-based capital ratio 8.16%
Total risk-based capital ratio 11.02%
Average assets$12
Average earning assets$1,197,231
Average equity $132,430
Average loans $1,043,113
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Total Fiduciary and Related Assets (December 31, 2004)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$309,017
Number of Accounts1
Personal trust and agency accounts$307,824
Employee benefit-defined contribution accounts$86,701
Employee benefit-defined benefit accounts$6,623
Other retirement accounts$0
Corporate trust and agency accounts$12,375
Investment management agency accounts$0
Other fiduciary accounts$202,125
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts471
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$1,193
Corporate trust and agency accounts$43
Other fiduciary accounts$1,150
Fiduciary accounts held in foreign offices$0
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