Banc of California (Santa Ana, CA) (merged into Banc of California)
Banc of California (Santa Ana, CA) reported total assets of $9.2 bn at Q3 2023, its last Call Report before it merged into Banc of California. The CET1 capital ratio at Banc of California (Santa Ana, CA) was 15.41%, and the uninsured share of Banc of California (Santa Ana, CA) was 31.61%. Source: FDIC Call Reports.
Key takeaways
- Since , Banc of California (Santa Ana, CA) has taken over one institution; the latest was Pacific Mercantile Bank on (FDIC Call Reports).
What sets Banc of California (Santa Ana, CA) apart
How large is Banc of California (Santa Ana, CA)?
The balance sheet of Banc of California (Santa Ana, CA) at : assets $9.2 bn, deposits $6.7 bn, net loans $6.9 bn (loans equal to 103.08% of deposits). Securities make up 13.5% of total assets at Banc of California (Santa Ana, CA). Since , when Banc of California (Santa Ana, CA) held $9.6 bn, its assets shrank 3.8%. In the year to , deposits at Banc of California (Santa Ana, CA) fell 8.5% while its total assets fell 1.3%. At , Banc of California (Santa Ana, CA) employed 660 full-time equivalent staff across 30 offices, about $14.0 mn of assets per employee and $222.8 mn of deposits per office.
How much funding at Banc of California (Santa Ana, CA) is uninsured?
At Banc of California (Santa Ana, CA), uninsured deposits (above the FDIC limit) made up 31.61% of domestic deposits at (-18.42 pp on a year earlier). In dollars, Banc of California (Santa Ana, CA) estimated $2.1 bn of uninsured deposits.
Key facts, Q3 2023
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $6.7 bn | $7.3 bn (Q3 2022) | |
| Net loans and leases | $6.9 bn | $7.2 bn (Q3 2022) | |
| Loan-to-deposit ratio | 103.08% | 98.60% (Q3 2022) | |
| Tier 1 leverage ratio | 12.46% | 12.12% (Q3 2022) | |
| Total risk-based capital ratio | 16.37% | 15.67% (Q3 2022) | |
| Net interest margin | 3.44% | 3.76% (Q3 2022) | |
| Return on assets (ROA) | 1.29% | 1.55% (Q3 2022) | |
| Efficiency ratio | 52.31% | 53.24% (Q3 2022) | |
| Unrealized gain/loss on held-to-maturity securities | Loss of $78.0 mn | Widened by $12.6 mn | |
| Unrealized gain/loss on available-for-sale securities | Loss of $53.0 mn | Widened by $2.1 mn | |
| Noncurrent loans to total loans | 0.88% | 0.60% (Q3 2022) | |
| Net charge-offs to average loans | 0.39% | -0.58% (Q3 2022) |
US rank of Banc of California (Santa Ana, CA): 1 = highest unless marked 1 = lowest.
Balance sheet
Banc of California (Santa Ana, CA): assets, deposits and loans
- Total assets $9.2bn
- Deposits $6.7bn
- Net loans $6.9bn
Capital and securities
The CET1 ratio of Banc of California (Santa Ana, CA) stood at 15.41% in , +0.87 pp year on year. Low and high at Banc of California (Santa Ana, CA) since : 13.46% () to 16.96% (). Equity capital of Banc of California (Santa Ana, CA) at : $1.2 bn, or 13.1% of total assets. Banc of California (Santa Ana, CA) also reported a total capital ratio of 16.37% for , and a tier 1 leverage ratio of 12.46%.
On held-to-maturity securities, Banc of California (Santa Ana, CA) carried an unrealized loss of $78.0 mn at , equal to 6.4% of equity capital. The loss widened by $12.6 mn over the year. The available-for-sale portfolio of Banc of California (Santa Ana, CA) showed an unrealized loss of $53.0 mn at ; the loss widened by $2.1 mn over the year.
Banc of California (Santa Ana, CA): capital ratios
- Total capital 16%
- CET1 15%
- Tier 1 leverage 12%
Banc of California (Santa Ana, CA): unrealized securities gains and losses
- Available for sale -$53mn
- Held to maturity -$78mn
Profitability and loan quality
For the year to , Banc of California (Santa Ana, CA) earned a return on equity of 10.23%; return on assets: 1.29%. Net interest margin at Banc of California (Santa Ana, CA): 3.44%, -0.32 pp in a year. Banc of California (Santa Ana, CA) net income: $91.2 mn, down 17.0% year on year. The efficiency ratio of Banc of California (Santa Ana, CA) was 52.31%: about 52 cents cost per revenue dollar, against 54 cents at the median peer.
At , noncurrent loans were 0.88% of total loans at Banc of California (Santa Ana, CA); net charge-offs: 0.39% of average loans. Gross loans and leases at Banc of California (Santa Ana, CA): $7.0 bn at , against $7.3 bn at .
Banc of California (Santa Ana, CA): profitability
- Return on equity 10%
- Net interest margin 3.4%
- Return on assets 1.3%
Peer group of Banc of California (Santa Ana, CA)
The peer group of Banc of California (Santa Ana, CA) is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 3 share the charter type of Banc of California (Santa Ana, CA) (national bank) and 0 have head offices in California. Against them, Banc of California (Santa Ana, CA) shows CET1 ratio 15.41% against a peer median of 11.71%, return on equity 10.23% against a peer median of 12.39% and uninsured deposit share 31.61% against a peer median of 29.97%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Safra National Bank of New York | National bank | NY | $9.4 bn | 23.21% | 10.38% | 32.44% | |
| Amerant Bank | National bank | FL | $9.3 bn | 11.46% | 10.08% | 41.93% | |
| Woodforest National Bank | National bank | TX | $9.3 bn | 10.03% | 23.96% | 27.46% | |
| Banc of California | National bank | CA | $9.2 bn | 15.41% | 10.23% | 31.61% | |
| Byline Bank | State nonmember bank | IL | $8.9 bn | 11.66% | 12.75% | 26.51% | |
| Peoples Bank | State member bank | OH | $8.9 bn | 11.76% | 12.03% | 27.50% | |
| International Bank of Commerce | State nonmember bank | TX | $8.9 bn | 17.85% | 18.29% | 39.50% | |
. FDIC Call Reports.
Last eight quarters
Two years at Banc of California (Santa Ana, CA), to : assets $9.4 bn to $9.2 bn, deposits $7.5 bn to $6.7 bn, equity $1.2 bn to $1.2 bn. Staff 677 to 660; offices 33 to 30.
| Metric | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $9.4 bn | $9.6 bn | $9.5 bn | $9.4 bn | $9.2 bn | $10.0 bn | $9.4 bn | $9.2 bn |
| Total deposits | $7.5 bn | $7.5 bn | $7.6 bn | $7.3 bn | $7.1 bn | $7.0 bn | $6.9 bn | $6.7 bn |
| Bank equity capital | $1.2 bn | $1.2 bn | $1.2 bn | $1.2 bn | $1.2 bn | $1.2 bn | $1.2 bn | $1.2 bn |
| CET1 ratio | 14.60% | 14.62% | 14.39% | 14.54% | 14.92% | 14.83% | 14.60% | 15.41% |
| Return on equity (ROE) | 6.71% | 16.82% | 13.45% | 12.10% | 11.06% | 7.98% | 7.64% | 10.23% |
| Uninsured share of domestic deposits | 58.81% | 47.98% | 47.12% | 50.03% | 44.58% | 31.32% | 29.98% | 31.61% |
| Full-time equivalent employees | 677 | 671 | 677 | 677 | 685 | 661 | 662 | 660 |
| Number of offices | 33 | 33 | 32 | 30 | 29 | 32 | 31 | 30 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Banc of California (Santa Ana, CA), oldest first; figures before and after each event are not like for like.
- . Absorbed Pacific Mercantile Bank (FDIC certificate 34940).
- . Merged into Banc of California (FDIC certificate 24045).
Questions and identifiers
What were the total assets of Banc of California (Santa Ana, CA)?
Banc of California (Santa Ana, CA) reported $9.2 bn at in its Call Report.
Is Banc of California (Santa Ana, CA) the same as its holding company?
No. This page covers Banc of California (Santa Ana, CA), FDIC certificate 35498; BANC OF CALIFORNIA INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Banc of California (Santa Ana, CA) profitable?
Banc of California (Santa Ana, CA) reported net income of $91.2 mn for the year to ; annualized return on equity: 10.23%. So yes: Banc of California (Santa Ana, CA) made a profit over these months.
When is data for Banc of California (Santa Ana, CA) next updated?
Banc of California (Santa Ana, CA) no longer files Call Reports; its data ends at .
Where can I check the figures for Banc of California (Santa Ana, CA)?
In the FDIC BankFind Suite record for certificate 35498, and in the Call Reports of Banc of California (Santa Ana, CA) (RSSD ID 200378) at the FFIEC Central Data Repository.