University Bank and Trust Company in Palo Alto, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 04, 1996

  • University Bank and Trust Company in Palo Alto, California (CA)
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University Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 23127
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Comerica Bank-California (#22894)
    Federal Reserve ID: 917667
    Date Established: May 13, 1980
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Interstate: No)
    FDIC's unique #: 16202
    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: May 13, 1980
    Last Structure Change Effective Date: March 04, 1996
    Last Structure Change Process Date: March 15, 1996
    Last Data Update: March 15, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 250 Lytton Avenue, Palo Alto, CA 94301
    County: Santa Clara
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: San Francisco
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): San Jose, CA (#7400)
    Consolidated Metropolitan Statistical Area (CMSA): San Francisco-Oakland-San Jose, CA (#84)
    Combined Statistical Area (CSA): San Jose-San Francisco-Oakland, CA (#488)
    Core Based Statistical Area (CBSA): San Jose-Sunnyvale-Santa Clara, CA (#41940)
    CBSA Metro Statistical Area: San Jose-Sunnyvale-Santa Clara, CA (#41940)
  • Financial Summary
  • Total assets: $510.9 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $130Total assets
  • $510,916Cash and due from depository institutions
  • $32,065Interest-bearing balances
  • $0Securities
  • $117,190Federal funds sold & reverse repurchase agreements
  • $82,000Net loans & leases
  • $221,190Loan loss allowance
  • $3,843Trading account assets
  • $0Bank premises and fixed assets
  • $15,442Other real estate owned
  • $1,948Goodwill and other intangibles
  • $6,865Life insurance assets
  • $34,216All other assets
  • $0Total liabilities and capital
  • $510,916Total liabilities
  • $435,465Total deposits
  • $427,958Interest-bearing deposits
  • $338,337Deposits held in domestic offices
  • 427958.00%% insured (estimated)
  • $55Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $7,507Total equity capital
  • $7,507Total bank equity capital
  • $75,451Perpetual preferred stock
  • $0Common stock
  • $10Surplus
  • $69,394Undivided profits
  • Memoranda
  • $6,047Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $714Income earned, not collected on loans
  • $1,874Earning assets
  • $420,380Long-term assets (5+ years)
  • $48,442Average Assets, year-to-date
  • $483,782Average Assets, quarterly
  • $491,812Volatile liabilities
  • $33,383Insider loans
  • $5,160FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $99,924Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $40,032Total risk weighted assets
  • $285,921Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $25,218Total interest expense
  • $6,953Net interest income
  • $18,265Provision for loan and lease losses
  • $125Total noninterest income
  • $2,888Fiduciary activities
  • $2,126Service charges on deposit accounts
  • $380Trading account gains & fees
  • $0Additional noninterest income
  • $382Total noninterest expense
  • $12,249Salaries and employee benefits
  • $6,718Premises and equipment expense
  • $1,087Additional noninterest expense
  • $4,444Pre-tax net operating income
  • $8,779Securities gains (losses)
  • $17Applicable income taxes
  • $3,952Income before extraordinary items
  • $4,844Extraordinary gains - net
  • $0Net income attributable to bank
  • $4,844Net charge-offs
  • $329Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.30%Cost of funding earning assets
  • 1.74%Net interest margin
  • 4.57%Noninterest income to earning assets
  • 0.72%Noninterest expense to earning assets
  • 3.06%Net operating income to assets
  • 1.00%Return on assets (ROA)
  • 1.00%Pretax return on assets
  • 1.82%Return on equity (ROE)
  • 7.46%Retained earnings to average equity (YTD only)
  • 7.46%Net charge-offs to loans
  • 0.15%Credit loss provision to net charge-offs
  • 37.99%Efficiency ratio
  • 49,657Assets per employee
  • 3.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.71%Loss allowance to noncurrent loans
  • 538.24%Noncurrent assets plus other real estate owned to assets
  • 0.52%Noncurrent loans to loans
  • 0.32%Net loans and leases to deposits
  • 51.68%Net loans and leases to core deposits
  • 56.06%Equity capital to assets
  • 14.77%Core capital (leverage) ratio
  • 9.02%Tier 1 risk-based capital ratio
  • 14.00%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $483,782Average earning assets
  • $64,912Average equity
  • $400,071Average loans

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