1st Pacific Bank of California in San Diego, California (CA)
| 1st Pacific Bank of California | |
|---|---|
| General | FDIC Certificate #: 35517 Status: Inactive Closing history: Absorption - Assisted Acquiring institution: City National Bank (#17281) Federal Reserve ID: 2912367 Date Established: November 17, 2000 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 8 (Interstate: No) FDIC's unique #: 81170 Numeric code: 13 Regulator: FED 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: November 17, 2000 Last Structure Change Effective Date: May 07, 2010 Last Structure Change Process Date: May 10, 2010 Last Data Update: May 10, 2010 Data Source Date: Febuary 17, 2011 |
| Location | Address: 9333 Genesee Ave., Suite 100, San Diego, CA 92121 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: West 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: $3.4 mil |
| Assets and Liabilities (December 31, 2009) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 79 |
| Total assets | $359,698 |
| Cash and due from depository institutions | $28,316 |
| Interest-bearing balances | $570 |
| Securities | $13,800 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $304,039 |
| Loan loss allowance | $9,487 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,892 |
| Other real estate owned | $1,035 |
| Goodwill and other intangibles | $1,074 |
| All other assets | $8,542 |
| Life insurance assets | $0 |
| Total liabilities and capital | $359,698 |
| Total liabilities | $348,434 |
| Total deposits | $303,712 |
| Interest-bearing deposits | $230,710 |
| Deposits held in domestic offices | $303,712 |
| % insured (estimated) | 87.71% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $35,000 |
| Subordinated debt | $5,000 |
| All other liabilities | $4,722 |
| Total equity capital | $11,264 |
| Total bank equity capital | $11,264 |
| Perpetual preferred stock | $11,264 |
| Common stock | $0 |
| Surplus | $45,828 |
| Undivided profits | $758 |
| Memoranda | |
| Noncurrent loans and leases | $-35,322 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $61,070 |
| Income earned, not collected on loans | $0 |
| Earning assets | $16,794 |
| Long-term assets (5+ years) | $606 |
| Average Assets, year-to-date | $1,298 |
| Average Assets, quarterly | $318,409 |
| Volatile liabilities | $73,269 |
| Insider loans | $405,796 |
| FHLB advances | $369,425 |
| Loans and leases held for sale | $116,573 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $35,000 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $0 |
| Total unused commitments | $61,070 |
| Restructured Loans and leases | $2,558 |
| Derivatives | $9,039 |
| Income and Expense (December 31, 2009) (Dollar figures in thousands) | |
| Total interest income | $22,529 |
| Total interest expense | $7,128 |
| Net interest income | $15,401 |
| Provision for loan and lease losses | $12,450 |
| Total noninterest income | $134 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $669 |
| Trading account gains & fees | $0 |
| Additional noninterest income | -$535 |
| Total noninterest expense | $16,903 |
| Salaries and employee benefits | $8,362 |
| Premises and equipment expense | $2,939 |
| Additional noninterest expense | $5,602 |
| Pre-tax net operating income | -$13,818 |
| Securities gains (losses) | $170 |
| Applicable income taxes | $3,136 |
| Income before extraordinary items | -$16,784 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$16,784 |
| Net charge-offs | $0 |
| Cash dividends | -$16,784 |
| Sale, conversion, retirement of capital stock, net | $8,022 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2009) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 6.04% |
| Cost of funding earning assets | 1.91% |
| Net interest margin | 4.13% |
| Noninterest income to earning assets | 0.04% |
| Noninterest expense to earning assets | 4.53% |
| Net operating income to assets | -4.18% |
| Return on assets (ROA) | -4.14% |
| Pretax return on assets | -3.36% |
| Return on equity (ROE) | -81.13% |
| Retained earnings to average equity (YTD only) | -81.13% |
| Net charge-offs to loans | 2.32% |
| Credit loss provision to net charge-offs | 155.20% |
| Efficiency ratio | -0.17% |
| Assets per employee | $106,849 |
| Cash dividends to net income (YTD only) | 4.55% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 3.03% |
| Noncurrent assets plus other real estate owned to assets | 56.49% |
| Noncurrent loans to loans | 4.96% |
| Net loans and leases to deposits | 5.36% |
| Net loans and leases to core deposits | 100.11% |
| Equity capital to assets | 146.78% |
| Core capital (leverage) ratio | 3.13% |
| Tier 1 risk-based capital ratio | 2.82% |
| Total risk-based capital ratio | 3.35% |
| Memoranda | |
| Average assets | $6 |
| Average earning assets | $405,796 |
| Average equity | $20,687 |
| Average loans | $373,146 |
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