California United Bank (merged into Pacific Western Bank)
California United Bank reported total assets of $3.1 bn at Q3 2017, its last Call Report before it merged into Pacific Western Bank. The CET1 capital ratio at California United Bank was 11.13%, and the uninsured share of California United Bank was 69.59%. Source: FDIC Call Reports.
What sets California United Bank apart
Nothing in the latest data sets California United Bank apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is California United Bank?
The balance sheet of California United Bank at : assets $3.1 bn, deposits $2.7 bn, net loans $2.1 bn (loans equal to 77.00% of deposits). Securities make up 14.8% of total assets at California United Bank. Since , when California United Bank held $2.7 bn, its assets grew 13.2%. In the year to , deposits at California United Bank rose 6.9% while its total assets rose 7.2%. At , California United Bank employed 259 full-time equivalent staff across 9 offices, about $12.0 mn of assets per employee and $298.5 mn of deposits per office.
How much funding at California United Bank is uninsured?
At California United Bank, uninsured deposits (above the FDIC limit) made up 69.59% of domestic deposits at (-13.22 pp on a year earlier). In dollars, California United Bank estimated $1.9 bn of uninsured deposits.
Key facts, Q3 2017
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $2.7 bn | $2.5 bn (Q3 2016) | |
| Net loans and leases | $2.1 bn | $2.0 bn (Q3 2016) | |
| Loan-to-deposit ratio | 77.00% | 77.82% (Q3 2016) | |
| Tier 1 leverage ratio | 9.99% | 9.46% (Q3 2016) | |
| Total risk-based capital ratio | 11.86% | 11.25% (Q3 2016) | |
| Net interest margin | 3.87% | 3.87% (Q3 2016) | |
| Return on assets (ROA) | 1.11% | 1.00% (Q3 2016) | |
| Efficiency ratio | 51.83% | 55.72% (Q3 2016) | |
| Unrealized gain/loss on held-to-maturity securities | Gain of $521,000 | Fell by $97,000 | |
| Unrealized gain/loss on available-for-sale securities | Loss of $2.8 mn | Turned from a gain into a loss | |
| Noncurrent loans to total loans | 0.20% | 0.06% (Q3 2016) | |
| Net charge-offs to average loans | 0.23% | -0.02% (Q3 2016) |
US rank of California United Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
California United Bank: assets, deposits and loans
- Total assets $3.1bn
- Deposits $2.7bn
- Net loans $2.1bn
Capital and securities
The CET1 ratio of California United Bank stood at 11.13% in , +0.63 pp year on year. Low and high at California United Bank since : 10.28% () to 11.13% (). Equity capital of California United Bank at : $368.7 mn, or 11.9% of total assets. California United Bank also reported a total capital ratio of 11.86% for , and a tier 1 leverage ratio of 9.99%.
On held-to-maturity securities, California United Bank carried an unrealized gain of $521,000 at , equal to 0.1% of equity capital. The gain fell by $97,000 over the year. Its deepest point: $90,000 in . The available-for-sale portfolio of California United Bank showed an unrealized loss of $2.8 mn at ; the loss turned from a gain into a loss over the year.
California United Bank: capital ratios
- Total capital 12%
- CET1 11%
- Tier 1 leverage 10.0%
California United Bank: unrealized securities gains and losses
- Available for sale -$3mn
- Held to maturity $521,000
Profitability and loan quality
For the year to , California United Bank earned a return on equity of 9.64%; return on assets: 1.11%. Net interest margin at California United Bank: 3.87%, +0.00 pp in a year. California United Bank net income: $25.6 mn, up 23.5% year on year. The efficiency ratio of California United Bank was 51.83%: about 52 cents cost per revenue dollar, against 58 cents at the median peer.
At , noncurrent loans were 0.20% of total loans at California United Bank; net charge-offs: 0.23% of average loans. Gross loans and leases at California United Bank: $2.1 bn at , against $2.0 bn at .
California United Bank: profitability
- Return on equity 9.6%
- Net interest margin 3.9%
- Return on assets 1.1%
Peer group of California United Bank
The peer group of California United Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 5 share the charter type of California United Bank (state nonmember bank) and 1 has its head office in California. Against them, California United Bank shows CET1 ratio 11.13% against a peer median of 13.44%, return on equity 9.64% against a peer median of 8.94% and uninsured deposit share 69.59% against a peer median of 40.42%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Security Bank of Kansas City | State nonmember bank | KS | $3.1 bn | 17.70% | 6.92% | 18.23% | |
| Burke & Herbert Bank & Trust Company | State member bank | VA | $3.1 bn | 15.30% | 9.65% | 40.56% | |
| MidWestOne Bank | State nonmember bank | IA | $3.1 bn | 11.55% | 8.22% | 14.11% | |
| California United Bank | State nonmember bank | CA | $3.1 bn | 11.13% | 9.64% | 69.59% | |
| German American Bank | State nonmember bank | IN | $3.1 bn | 11.58% | 11.86% | 40.28% | |
| Farmers & Merchants Bank of Central California | State nonmember bank | CA | $3.1 bn | 11.53% | 11.39% | 43.47% | |
| TotalBank | State nonmember bank | FL | $3.0 bn | 17.49% | 4.98% | 41.90% | |
. FDIC Call Reports.
Last eight quarters
Two years at California United Bank, to : assets $2.7 bn to $3.1 bn, deposits $2.4 bn to $2.7 bn, equity $318.2 mn to $368.7 mn. Staff 273 to 259.
| Metric | Q1 2016 | Q2 2016 | Q3 2016 | Q4 2016 | Q1 2017 | Q2 2017 | Q3 2017 |
|---|---|---|---|---|---|---|---|
| Total assets | $2.7 bn | $2.8 bn | $2.9 bn | $3.0 bn | $3.1 bn | $3.0 bn | $3.1 bn |
| Total deposits | $2.4 bn | $2.4 bn | $2.5 bn | $2.6 bn | $2.8 bn | $2.6 bn | $2.7 bn |
| Bank equity capital | $318.2 mn | $327.2 mn | $334.5 mn | $339.3 mn | $348.4 mn | $360.8 mn | $368.7 mn |
| CET1 ratio | 10.49% | 10.41% | 10.50% | 10.28% | 10.53% | 10.64% | 11.13% |
| Return on equity (ROE) | 8.18% | 8.32% | 8.57% | 8.61% | 9.42% | 10.46% | 9.64% |
| Uninsured share of domestic deposits | 81.25% | 81.35% | 82.82% | 70.00% | 70.41% | 69.29% | 69.59% |
| Full-time equivalent employees | 273 | 280 | 285 | 288 | 294 | 280 | 259 |
| Number of offices | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of California United Bank, oldest first; figures before and after each event are not like for like.
- . Merged into Pacific Western Bank (FDIC certificate 24045).
Questions and identifiers
What were the total assets of California United Bank?
California United Bank reported $3.1 bn at in its Call Report.
Is California United Bank the same as its holding company?
No. This page covers California United Bank, FDIC certificate 57904; CU BCORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is California United Bank profitable?
California United Bank reported net income of $25.6 mn for the year to ; annualized return on equity: 9.64%. So yes: California United Bank made a profit over these months.
When is data for California United Bank next updated?
California United Bank no longer files Call Reports; its data ends at .
Where can I check the figures for California United Bank?
In the FDIC BankFind Suite record for certificate 57904, and in the Call Reports of California United Bank (RSSD ID 3353172) at the FFIEC Central Data Repository.