Independence Bank
Newport Beach, CA — Domestic Branch of a Domestic Bank
Acquired Jan 2015
Vitals
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Total Assets423.2M 35.9 %
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Total Deposits345.9M 50.1 %
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Total Net Loans340.2M 51.8 %
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Net Income3.1M 62.1 %
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Book Value49.2M 21.7 %
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Book Value x298.5M 21.7 %
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Book Value x3147.7M 21.7 %
Balance Sheet Highlights
| Financial Highlights | Independence Bank | All Insured Commercial Banks in California |
| Balance Sheet $(000) | ||
| Total Assets | 423,151 | 1,076,085 |
| Total Net Loans | 340,233 | 723,744 |
| Total Deposits | 345,851 | 841,186 |
| Total Equity | 49,227 | 149,702 |
| Profitability | ||
| Net Income | 3,067 | 10,813 |
| Return on Average Assets | .739 | .842 |
| Return on Average Equity | 6.444 | 7.066 |
| Net Interest Margin | 4.655 | 3.825 |
| Efficiency Ratio | 78.176 | 72.553 |
| Noninterest Income/Revenue | 15.362 | 13.281 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 98.376 | 81.344 |
| Securities/Assets | .13 | .128 |
| Total Equity/Total Assets | .116 | .139 |
| Tangible Equity/Tangible Assets | .114 | .13 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 47,046 | 125,822 |
| Tier 2 Capital | 3,897 | 10,049 |
| Total Capital | 50,943 | 136,289 |
| Total Risk Weighted Assets | 378,255 | 783,660 |
| Leverage Ratio | 11.14 | 11.787 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 12.44 | 16.008 |
| Total Capital Ratio | 13.47 | 17.262 |
Timeline for Independence Bank
Pacific Premier Bank
Independence Bank was acquired by Pacific Premier Bank 9 years
View Profile Jan 27 2015
Premier Service Bank
Acquisition: Independence Bank acquired a new subsidiary, Premier Service Bank, 10 years
View Profile Feb 01 2014
Independence Bank
Independence Bank was established 19 years ago and is currently headquartered in Newport Beach, CA.
Sep 22 2004| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Pacific Premier Bank | Buyer | 3,752,420 | Acquisition | Discontinued | 1/27/2015 |
| Premier Service Bank | Seller | 130,856 | Acquisition | Discontinued | 2/1/2014 |
| Relationships | Role | Relationship Start | Relationship End |
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