Golden Gate Bank
San Francisco, CA — Domestic Branch of a Domestic Bank
Acquired Feb 2004
Vitals
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Total Assets359.4M -23.2 %
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Total Deposits253.7M -3.8 %
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Total Net Loans179.2M -11.2 %
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Net Income2.6M -40.8 %
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Book Value30.7M -2.1 %
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Book Value x261.4M -2.1 %
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Book Value x392.1M -2.1 %
Balance Sheet Highlights
Financial Highlights | Golden Gate Bank | All Insured Commercial Banks in California |
Balance Sheet $(000) | ||
Total Assets | 359,371 | 423,676 |
Total Net Loans | 179,225 | 324,429 |
Total Deposits | 253,661 | 333,683 |
Total Equity | 30,688 | 45,907 |
Profitability | ||
Net Income | 2,618 | 30,937 |
Return on Average Assets | .64 | 1.346 |
Return on Average Equity | 8.452 | 13.116 |
Net Interest Margin | 3.529 | 4.433 |
Efficiency Ratio | 67.413 | 78.394 |
Noninterest Income/Revenue | 5.876 | 20.03 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 70.655 | 78.78 |
Securities/Assets | .42 | .76 |
Total Equity/Total Assets | .085 | .108 |
Tangible Equity/Tangible Assets | .085 | -.599 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 30,869 | 39,278 |
Tier 2 Capital | 2,946 | 5,252 |
Total Capital | 33,815 | 43,542 |
Total Risk Weighted Assets | 233,271 | 320,160 |
Leverage Ratio | 8.33 | 11.115 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 13.23 | 15.254 |
Total Capital Ratio | 14.5 | 16.471 |
Timeline for Golden Gate Bank
Greater Bay Bank, National Association
Golden Gate Bank was acquired by Greater Bay Bank, National Association 20 years
View Profile Feb 02 2004Greater Bay Bancorp
Greater Bay Bancorp became a new parent organization for Golden Gate Bank.
View Profile May 09 1998Pacific Rim Bancorporation
Pacific Rim Bancorporation became a new parent organization for Golden Gate Bank.
View Profile Jun 20 1994Golden Gate Bancor
Golden Gate Bancor became a new parent organization for Golden Gate Bank.
View Profile Oct 26 1989Golden Gate Bank
Golden Gate Bank was established 47 years ago and is currently headquartered in San Francisco, CA.
Sep 28 1976Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Greater Bay Bank, National Association | Buyer | 6,473,979 | Pooling of Interests | Discontinued | 2/2/2004 |
Relationships | Role | Relationship Start | Relationship End |
Greater Bay Bancorp | Parent | 5/9/1998 | 2/1/2004 |
Pacific Rim Bancorporation | Parent | 6/20/1994 | 5/8/1998 |
Golden Gate Bancor | Parent | 3/1/1991 | 6/19/1994 |
Golden Gate Bancor | Parent | 10/26/1989 | 2/28/1991 |
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