Affinity Bank
Ventura, CA — Non-member Bank
Acquired Aug 2009
Vitals
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Total Assets1.2B -1.6 %
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Total Deposits905.6M 17.0 %
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Total Net Loans812.4M -11.3 %
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Net Income
-
Book Value8.2M -89.8 %
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Book Value x216.4M -89.8 %
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Book Value x324.6M -89.8 %
Balance Sheet Highlights
| Financial Highlights | Affinity Bank | All Insured Commercial Banks in California |
| Balance Sheet $(000) | ||
| Total Assets | 1,211,431 | 539,233 |
| Total Net Loans | 812,400 | 428,350 |
| Total Deposits | 905,593 | 405,001 |
| Total Equity | 8,208 | 58,833 |
| Profitability | ||
| Net Income | — | 6,127 |
| Return on Average Assets | — | .812 |
| Return on Average Equity | — | 6.632 |
| Net Interest Margin | 2.022 | 3.736 |
| Efficiency Ratio | 292.34 | 94.314 |
| Noninterest Income/Revenue | 33.366 | |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 89.709 | 90.411 |
| Securities/Assets | .149 | .594 |
| Total Equity/Total Assets | .007 | .109 |
| Tangible Equity/Tangible Assets | .007 | -.463 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 18,313 | 52,371 |
| Tier 2 Capital | 10,912 | 6,803 |
| Total Capital | 29,225 | 58,715 |
| Total Risk Weighted Assets | 865,588 | 433,698 |
| Leverage Ratio | 1.49 | 11.916 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 2.12 | 14.737 |
| Total Capital Ratio | 3.38 | 16.021 |
Timeline for Affinity Bank
Affinity Bank was acquired by 14 years
Aug 29 2009
Pacific Western Bank
Affinity Bank was acquired by Pacific Western Bank 14 years
View Profile Aug 29 2009
730 Simms, Llc
730 Simms, Llc became a new subsidiary organization for Affinity Bank.
View Profile Feb 28 2005
Affinity Bank Holdings, Inc.
Affinity Bank Holdings, Inc. became a new parent organization for Affinity Bank.
View Profile Oct 08 2004
Ab Chestnut, Inc.
Ab Chestnut, Inc. became a new subsidiary organization for Affinity Bank.
View Profile Oct 08 2004
| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Pacific Western Bank | Buyer | 21,266,723 | Failure | 8/29/2009 | |
| Westcoast Savings And Loan Association | Seller | 183,541 | Acquisition | Discontinued | 11/17/2001 |
| Pacific Thrift And Loan Company | Seller | 127,342 | Failure | 11/20/1999 |
| Relationships | Role | Relationship Start | Relationship End |
| Affinity Bank Holdings, Inc. | Parent | 10/8/2004 | 8/28/2009 |
| Ab Chestnut, Inc. | Subsidary | 6/30/2007 | 1/7/2008 |
| 730 Simms, Llc | Subsidary | 2/28/2005 | 11/7/2007 |
| Ab Chestnut, Inc. | Subsidary | 10/8/2004 | 6/29/2007 |
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