Another small Cailf bank with the same cap ratio problems plaguing many in the industry as a whole.
As of Sept. 30, 2012
Assets - $151,498,000
Deposits - $141,089,000
Loans - $65,818,000
Loan loss provision - $850,000
Profit - $-446,000
Capital - $9,079,000 (under-capitalized by at least $6MM...plus they owe TARP)
Reserves - $4,470,000
Loans 90 days or more past due - $0
Non-accruing loans - $9,048,000
Other real estate owned - $700,000
Capital plus reserves - $13,549,000
Total troubled assets - $9,748,000
Total TARP funds owed: $4,656,000
$4,656,000 on Jan. 23, 2009
*I have no investing interest at this time. The only thing this bank has going for it if it doesn't find a cap infusion soon is that it's branches are located in solid affluent demographic areas of SoCal which could be attractive to a much larger bank looking to cherry pick its most stable assets once this fails.