San Joaquin Bank
Bakersfield, CA — State Member Bank
Acquired Oct 2009
Vitals
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Total Assets766.4M -13.5 %
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Total Deposits626.4M -19.5 %
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Total Net Loans629.5M -12.7 %
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Net Income
-
Book Value46.2M -29.9 %
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Book Value x292.3M -29.9 %
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Book Value x3138.5M -29.9 %
Balance Sheet Highlights
| Financial Highlights | San Joaquin Bank | All Insured Commercial Banks in California |
| Balance Sheet $(000) | ||
| Total Assets | 766,359 | 558,822 |
| Total Net Loans | 629,459 | 436,335 |
| Total Deposits | 626,359 | 421,582 |
| Total Equity | 46,157 | 58,397 |
| Profitability | ||
| Net Income | — | 9,260 |
| Return on Average Assets | — | .823 |
| Return on Average Equity | — | 6.625 |
| Net Interest Margin | 3.311 | 3.794 |
| Efficiency Ratio | 68.789 | 89.748 |
| Noninterest Income/Revenue | 11.834 | 35.309 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 100.495 | 87.305 |
| Securities/Assets | .039 | .668 |
| Total Equity/Total Assets | .06 | .104 |
| Tangible Equity/Tangible Assets | .06 | -.438 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 39,682 | 50,786 |
| Tier 2 Capital | 15,508 | 6,468 |
| Total Capital | 55,190 | 57,759 |
| Total Risk Weighted Assets | 736,878 | 435,175 |
| Leverage Ratio | 5.03 | 11.329 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 5.39 | 14.488 |
| Total Capital Ratio | 7.49 | 15.797 |
Timeline for San Joaquin Bank
San Joaquin Bank was acquired by 14 years
Oct 17 2009
Citizens Business Bank
San Joaquin Bank was acquired by Citizens Business Bank 14 years
View Profile Oct 17 2009
San Joaquin Bancorp
San Joaquin Bancorp became a new parent organization for San Joaquin Bank.
View Profile Aug 01 2006
Farmersville Village Grove Assoc.
Farmersville Village Grove Assoc. became a new subsidiary organization for San Joaquin Bank.
View Profile Jul 31 2006
Kern Island Company
Kern Island Company became a new subsidiary organization for San Joaquin Bank.
View Profile Jul 31 2006
| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Citizens Business Bank | Buyer | 8,038,664 | Failure | 10/17/2009 |
| Relationships | Role | Relationship Start | Relationship End |
| San Joaquin Bancorp | Parent | 8/1/2006 | 10/16/2009 |
| Kern Island Company | Subsidary | 6/30/2007 | 10/16/2009 |
| Farmersville Village Grove Assoc. | Subsidary | 7/31/2006 | 10/16/2009 |
| Kern Island Company | Subsidary | 7/31/2006 | 6/29/2007 |
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