Innovative Bank
Oakland, CA — Non-member Bank
Acquired Apr 2010
Vitals
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Total Assets266.8M -7.1 %
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Total Deposits223.2M -3.3 %
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Total Net Loans162.8M -23.5 %
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Net Income-3069000.0000
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Book Value13.7M -53.3 %
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Book Value x227.5M -53.3 %
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Book Value x341.2M -53.3 %
Balance Sheet Highlights
| Financial Highlights | Innovative Bank | All Insured Commercial Banks in California |
| Balance Sheet $(000) | ||
| Total Assets | 266,816 | 482,819 |
| Total Net Loans | 162,769 | 364,671 |
| Total Deposits | 223,164 | 367,675 |
| Total Equity | 13,749 | 56,191 |
| Profitability | ||
| Net Income | -3,069 | 201 |
| Return on Average Assets | -4.428 | -.196 |
| Return on Average Equity | -80.461 | -2.618 |
| Net Interest Margin | 2.792 | 4.004 |
| Efficiency Ratio | 116.224 | 82.516 |
| Noninterest Income/Revenue | 15.245 | 10.288 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 72.937 | 83.206 |
| Securities/Assets | .06 | .805 |
| Total Equity/Total Assets | .052 | .116 |
| Tangible Equity/Tangible Assets | .035 | -.741 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 6,094 | 51,133 |
| Tier 2 Capital | 2,257 | 5,575 |
| Total Capital | 8,351 | 56,463 |
| Total Risk Weighted Assets | 174,346 | 361,255 |
| Leverage Ratio | 2.26 | 11.23 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 3.5 | 15.017 |
| Total Capital Ratio | 4.79 | 16.334 |
Timeline for Innovative Bank
Innovative Bancorp
Innovative Bancorp became a new parent organization for Innovative Bank.
View Profile Apr 02 2001
Innovative Bank
Innovative Bank was established 41 years ago and is currently headquartered in Oakland, CA.
Jul 01 1982| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Bank Of Hope | Buyer | 13,501,376 | Failure | 4/17/2010 |
| Relationships | Role | Relationship Start | Relationship End |
| Innovative Bancorp | Parent | 8/22/2005 | 4/16/2010 |
| Innovative Bancorp | Parent | 4/2/2001 | 8/21/2005 |
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