Desert Commercial Bank
Palm Desert, CA — Domestic Branch of a Domestic Bank
Acquired Aug 2012
Vitals
-
Total Assets139.2M -5.7 %
-
Total Deposits124.7M -5.2 %
-
Total Net Loans93.9M -10.2 %
-
Net Income-737000.0000 16.0 %
-
Book Value13.9M -11.0 %
-
Book Value x227.7M -11.0 %
-
Book Value x341.6M -11.0 %
Balance Sheet Highlights
| Financial Highlights | Desert Commercial Bank | All Insured Commercial Banks in California |
| Balance Sheet $(000) | ||
| Total Assets | 139,158 | 636,618 |
| Total Net Loans | 93,925 | 388,605 |
| Total Deposits | 124,677 | 491,506 |
| Total Equity | 13,854 | 86,040 |
| Profitability | ||
| Net Income | -737 | 3,777 |
| Return on Average Assets | -1.029 | .672 |
| Return on Average Equity | -10.381 | 5.361 |
| Net Interest Margin | 4.173 | 4.092 |
| Efficiency Ratio | 102.337 | 75.117 |
| Noninterest Income/Revenue | 3.647 | 13.306 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 75.335 | 77.258 |
| Securities/Assets | .079 | .163 |
| Total Equity/Total Assets | .1 | .135 |
| Tangible Equity/Tangible Assets | .1 | .128 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 13,861 | 75,227 |
| Tier 2 Capital | 1,346 | 5,682 |
| Total Capital | 15,207 | 80,893 |
| Total Risk Weighted Assets | 106,897 | 439,767 |
| Leverage Ratio | 9.62 | 11.854 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 12.97 | 16.502 |
| Total Capital Ratio | 14.23 | 17.781 |
Timeline for Desert Commercial Bank
First Foundation Bank
Desert Commercial Bank was acquired by First Foundation Bank 11 years
View Profile Aug 16 2012
Desert Commercial Bank
Desert Commercial Bank was established 18 years ago and is currently headquartered in Palm Desert, CA.
Jun 16 2005| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| First Foundation Bank | Buyer | 3,589,545 | Acquisition | Discontinued | 8/16/2012 |
| Relationships | Role | Relationship Start | Relationship End |
Similar Organizations
| Organization | City | State | Total Assets |
|---|---|---|---|
|
Community First Bank
|
Kansas City | KS | 138.6M |
|
Greater Community Bank
|
Rome | GA | 137.7M |
|
Bny Mellon Trust Of Delaware
|
Wilmington | DE | 137.7M |
|
La Salle State Bank
|
La Salle | IL | 137.4M |
|
Southern Bank & Trust
|
Clarkesville | GA | 141.9M |
|
American Trust Bank Of East Tennessee
|
Knoxville | TN | 142.0M |
|
Elkton Bank & Trust Company
|
Elkton | KY | 136.2M |
|
Citizens Community Bank
|
Hahira | GA | 135.9M |
|
Iowa Falls State Bank
|
Iowa Falls | IA | 139.0M |
|
The Clay City Banking Co.
|
Clay City | IL | 134.9M |