Ventura County Business Bank in Oxnard, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 24, 2011

Ventura County Business Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 26Total employees (full-time equivalent)
  • $79,583Total assets
  • $1,080Cash and due from depository institutions
  • $0Interest-bearing balances
  • $12,518Securities
  • $15,025Federal funds sold & reverse repurchase agreements
  • $46,445Net loans & leases
  • $1,640Loan loss allowance
  • $0Trading account assets
  • $89Bank premises and fixed assets
  • $3,362Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,064All other assets
  • $79,583Total liabilities and capital
  • $73,119Total liabilities
  • $64,853Total deposits
  • $37,815Interest-bearing deposits
  • $64,853Deposits held in domestic offices
  • 94.43%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $8,000Other borrowed funds
  • $0Subordinated debt
  • $266All other liabilities
  • $6,464Total equity capital
  • $6,464Total bank equity capital
  • $6,464Perpetual preferred stock
  • $0Common stock
  • $20,704Surplus
  • $611Undivided profits
  • Memoranda
  • $-14,851Noncurrent loans and leases
  • $5,503Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4,404Earning assets
  • $0Long-term assets (5+ years)
  • $214Average Assets, year-to-date
  • $73,988Average Assets, quarterly
  • $11,469Volatile liabilities
  • $85,047Insider loans
  • $81,190FHLB advances
  • $26,736Loans and leases held for sale
  • $146Unused loan commitments
  • $8,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,503Total unused commitments
  • $0Restructured Loans and leases
  • $748Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $3,474Total interest income
  • $597Total interest expense
  • $2,877Net interest income
  • $2,434Provision for loan and lease losses
  • -$756Total noninterest income
  • $0Fiduciary activities
  • $42Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$798Additional noninterest income
  • $4,381Total noninterest expense
  • $1,949Salaries and employee benefits
  • $399Premises and equipment expense
  • $2,033Additional noninterest expense
  • -$4,694Pre-tax net operating income
  • $0Securities gains (losses)
  • $178Applicable income taxes
  • -$4,872Income before extraordinary items
  • $0Extraordinary gains - net
  • -$4,872Net income attributable to bank
  • $0Net charge-offs
  • -$4,872Cash dividends
  • $2,955Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.52%Yield on earning assets
  • 0.78%Cost of funding earning assets
  • 3.74%Net interest margin
  • -0.98%Noninterest income to earning assets
  • 5.70%Noninterest expense to earning assets
  • -5.73%Net operating income to assets
  • -5.73%Return on assets (ROA)
  • -5.52%Pretax return on assets
  • -100.91%Return on equity (ROE)
  • -100.91%Retained earnings to average equity (YTD only)
  • 5.27%Net charge-offs to loans
  • 82.37%Credit loss provision to net charge-offs
  • -0.76%Efficiency ratio
  • 206,554Assets per employee
  • 3.06%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.41%Loss allowance to noncurrent loans
  • 37.24%Noncurrent assets plus other real estate owned to assets
  • 9.76%Noncurrent loans to loans
  • 9.16%Net loans and leases to deposits
  • 71.62%Net loans and leases to core deposits
  • 100.71%Equity capital to assets
  • 8.12%Core capital (leverage) ratio
  • 7.41%Tier 1 risk-based capital ratio
  • 10.50%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $85,047Average earning assets
  • $4,828Average equity
  • $76,861Average loans

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