Ventura County Business Bank in Oxnard, California (CA)



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Ventura County Business Bank routing number info

Table of contents:
Ventura County Business Bank
GeneralFDIC Certificate #: 57441
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Royal Business Bank (#58816)
Federal Reserve ID: 3182082
Date Established: April 02, 2003
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 363664
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: April 02, 2003
Last Structure Change Effective Date: September 24, 2011
Last Structure Change Process Date: September 28, 2011
Last Data Update: September 28, 2011
Data Source Date: April 05, 2012
LocationAddress: 366 W. Esplanade Drive, Oxnard, CA 93036
County: Ventura
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: San Francisco
FDIC Field Office: Los Angeles (West)
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Metropolitan Statistical Area (MSA): Ventura, CA (#8735)
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): Oxnard-Thousand Oaks-Ventura, CA (#37100)
CBSA Metro Statistical Area: Oxnard-Thousand Oaks-Ventura, CA (#37100)
Financial SummaryTotal assets: $77.9 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, 2010)
(Dollar figures in thousands)
Total employees (full-time equivalent)26
Total assets$79,583
Cash and due from depository institutions$1,080
Interest-bearing balances$0
Securities$12,518
Federal funds sold & reverse repurchase agreements$15,025
Net loans & leases$46,445
Loan loss allowance $1,640
Trading account assets$0
Bank premises and fixed assets$89
Other real estate owned$3,362
Goodwill and other intangibles$0
All other assets$1,064
Life insurance assets$0
Total liabilities and capital$79,583
Total liabilities$73,119
Total deposits$64,853
Interest-bearing deposits$37,815
Deposits held in domestic offices$64,853
% insured (estimated)94.43%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $8,000
Subordinated debt $0
All other liabilities $266
Total equity capital$6,464
Total bank equity capital$6,464
Perpetual preferred stock$6,464
Common stock$0
Surplus$20,704
Undivided profits $611
Memoranda
Noncurrent loans and leases $-14,851
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $5,503
Income earned, not collected on loans $0
Earning assets $4,404
Long-term assets (5+ years) $0
Average Assets, year-to-date $214
Average Assets, quarterly $73,988
Volatile liabilities $11,469
Insider loans $85,047
FHLB advances $81,190
Loans and leases held for sale $26,736
Unused loan commitments $146
Tier 1 (core) risk-based capital $8,000
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $5,503
Restructured Loans and leases $0
Derivatives$748
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Income and Expense (December 31, 2010)
(Dollar figures in thousands)
Total interest income $3,474
Total interest expense $597
Net interest income $2,877
Provision for loan and lease losses $2,434
Total noninterest income -$756
Fiduciary activities $0
Service charges on deposit accounts $42
Trading account gains & fees $0
Additional noninterest income -$798
Total noninterest expense $4,381
Salaries and employee benefits $1,949
Premises and equipment expense $399
Additional noninterest expense $2,033
Pre-tax net operating income -$4,694
Securities gains (losses) $0
Applicable income taxes $178
Income before extraordinary items -$4,872
Extraordinary gains - net $0
Net income attributable to bank -$4,872
Net charge-offs $0
Cash dividends -$4,872
Sale, conversion, retirement of capital stock, net $2,955
Net operating income $0
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Performance and Condition Ratios (December 31, 2010)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.52%
Cost of funding earning assets 0.78%
Net interest margin 3.74%
Noninterest income to earning assets -0.98%
Noninterest expense to earning assets 5.70%
Net operating income to assets -5.73%
Return on assets (ROA) -5.73%
Pretax return on assets -5.52%
Return on equity (ROE) -100.91%
Retained earnings to average equity (YTD only) -100.91%
Net charge-offs to loans 5.27%
Credit loss provision to net charge-offs 82.37%
Efficiency ratio-0.76%
Assets per employee$206,554
Cash dividends to net income (YTD only)3.06%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.41%
Noncurrent assets plus other real estate owned to assets 37.24%
Noncurrent loans to loans 9.76%
Net loans and leases to deposits9.16%
Net loans and leases to core deposits 71.62%
Equity capital to assets 100.71%
Core capital (leverage) ratio 8.12%
Tier 1 risk-based capital ratio 7.41%
Total risk-based capital ratio 10.50%
Memoranda
Average assets$12
Average earning assets$85,047
Average equity $4,828
Average loans $76,861
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