Rabobank (merged into Mechanics Bank)

National bank with its head office in Roseville, California, established in 1981 according to the FDIC.
Merged. Rabobank merged into Mechanics Bank on (FDIC: merger -without assistance). Its data ends with the Call Report for ; figures on this page are from that report or earlier.

Rabobank reported total assets of $13.2 bn at Q2 2019, its last Call Report before it merged into Mechanics Bank. The CET1 capital ratio at Rabobank was 14.05%, and the uninsured share of Rabobank was 37.95%. Source: FDIC Call Reports.

Total assets
$13.2 bn
A year earlier (Q2 2018): $13.5 bn
CET1 capital ratio
14.05%
A year earlier (Q2 2018): 12.09%
Return on equity
13.73%
A year earlier (Q2 2018): 9.99%
Uninsured share of deposits
37.95%
A year earlier (Q2 2018): 39.60%

What sets Rabobank apart

Nothing in the latest data sets Rabobank 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 Rabobank?

The balance sheet of Rabobank at : assets $13.2 bn, deposits $9.8 bn, net loans $9.6 bn (loans equal to 98.00% of deposits). Securities make up 17.4% of total assets at Rabobank. Since , when Rabobank held $14.3 bn, its assets shrank 7.8%. In the year to , deposits at Rabobank fell 1.6% while its total assets fell 2.4%. At , Rabobank employed 1,462 full-time equivalent staff across 107 offices, about $9.0 mn of assets per employee and $91.7 mn of deposits per office.

How much funding at Rabobank is uninsured?

At Rabobank, uninsured deposits (above the FDIC limit) made up 37.95% of domestic deposits at (-1.66 pp on a year earlier). In dollars, Rabobank estimated $3.7 bn of uninsured deposits.

Key facts, Q2 2019

MetricValueA year earlierUS rank
Total deposits$9.8 bn$10.0 bn (Q2 2018)
Net loans and leases$9.6 bn$9.8 bn (Q2 2018)
Loan-to-deposit ratio98.00%98.00% (Q2 2018)
Tier 1 leverage ratio11.57%9.97% (Q2 2018)
Total risk-based capital ratio14.54%13.34% (Q2 2018)
Net interest margin3.48%3.41% (Q2 2018)
Return on assets (ROA)1.74%1.11% (Q2 2018)
Efficiency ratio52.86%59.45% (Q2 2018)
Unrealized gain/loss on available-for-sale securitiesLoss of $8.5 mnNarrowed by $72.5 mn
Noncurrent loans to total loans2.53%2.55% (Q2 2018)
Net charge-offs to average loans0.76%0.00% (Q2 2018)

US rank of Rabobank: 1 = highest unless marked 1 = lowest.

Balance sheet

Rabobank: assets, deposits and loans

USD bn
Total assets, deposits and net loans of Rabobank each quarter; total assets were $13.2 bn at Q2 2019$9.3bn$10.7bn$12.1bn$13.5bn$14.8bn201720182019Total assets$13.2bnDeposits$9.8bnNet loans$9.6bnTotal assets, deposits and net loans of Rabobank each quarter; total assets were $13.2 bn at Q2 2019$9.3bn$11.1bn$13.0bn$14.8bn201720182019
  • Total assets $13.2bn
  • Deposits $9.8bn
  • Net loans $9.6bn
to . FDIC Call Reports.

Capital and securities

The CET1 ratio of Rabobank stood at 14.05% in , +1.96 pp year on year. Low and high at Rabobank since : 11.19% () to 15.21% (). Equity capital of Rabobank at : $1.8 bn, or 13.5% of total assets. Rabobank also reported a total capital ratio of 14.54% for , and a tier 1 leverage ratio of 11.57%.

The available-for-sale portfolio of Rabobank showed an unrealized loss of $8.5 mn at ; the loss narrowed by $72.5 mn over the year.

Rabobank: capital ratios

Percent
CET1, total risk-based capital and tier 1 leverage ratios of Rabobank, Q1 2016 to Q2 20198.8%11%13%15%17%201720182019Total capital15%CET114%Tier 1 leverage12%CET1, total risk-based capital and tier 1 leverage ratios of Rabobank, Q1 2016 to Q2 20198.8%12%14%17%201720182019
  • Total capital 15%
  • CET1 14%
  • Tier 1 leverage 12%
to . FDIC Call Reports.

Rabobank: unrealized securities gains and losses

USD bn
Unrealized gains and losses on available-for-sale and held-to-maturity securities of Rabobank, Q1 2016 to Q2 2019-$98mn-$67mn-$36mn-$5mn$27mn201720182019Held to maturity$0Available for sale-$9mnUnrealized gains and losses on available-for-sale and held-to-maturity securities of Rabobank, Q1 2016 to Q2 2019-$98mn-$57mn-$15mn$27mn201720182019
  • Available for sale -$9mn
  • Held to maturity $0
to . FDIC Call Reports.

Profitability and loan quality

For the year to , Rabobank earned a return on equity of 13.73%; return on assets: 1.74%. Net interest margin at Rabobank: 3.48%, +0.07 pp in a year. Rabobank net income: $117.2 mn, up 54.8% year on year. The efficiency ratio of Rabobank was 52.86%: about 53 cents cost per revenue dollar, against 57 cents at the median peer.

At , noncurrent loans were 2.53% of total loans at Rabobank; net charge-offs: 0.76% of average loans. Gross loans and leases at Rabobank: $9.7 bn at , against $9.9 bn at .

Rabobank: profitability

Percent, annualized
Return on equity, net interest margin and return on assets of Rabobank, Q1 2016 to Q2 2019-20%-9.9%-0.1%9.7%20%201720182019Return on equity14%Net interest margin3.5%Return on assets1.7%Return on equity, net interest margin and return on assets of Rabobank, Q1 2016 to Q2 2019-20%-6.6%6.5%20%201720182019
  • Return on equity 14%
  • Net interest margin 3.5%
  • Return on assets 1.7%
to . FDIC Call Reports.

Peer group of Rabobank

The peer group of Rabobank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of Rabobank (national bank) and 1 has its head office in California. Against them, Rabobank shows CET1 ratio 14.05% against a peer median of 12.48%, return on equity 13.73% against a peer median of 8.96% and uninsured deposit share 37.95% against a peer median of 30.53%.

BankCharterStateTotal assetsCET1 ratioReturn on equityUninsured share
Berkshire BankState nonmember bankMA$13.6 bn11.52%6.30%27.75%
Trustmark BankState member bankMS$13.5 bn12.14%9.36%37.64%
Bank of America CaliforniaNational bankCA$13.4 bn31.89%15.45%5.23%
RabobankNational bankCA$13.2 bn14.05%13.73%37.95%
Columbia State BankState nonmember bankWA$13.1 bn12.81%9.49%35.11%
Great Western BankState nonmember bankSD$12.9 bn10.95%8.21%33.31%
Renasant BankState member bankMS$12.9 bn13.71%8.57%23.92%

. FDIC Call Reports.

Last eight quarters

Two years at Rabobank, to : assets $13.5 bn to $13.2 bn, deposits $10.2 bn to $9.8 bn, equity $1.9 bn to $1.8 bn. Staff 1,504 to 1,462.

MetricQ3 2017Q4 2017Q1 2018Q2 2018Q3 2018Q4 2018Q1 2019Q2 2019
Total assets$13.5 bn$13.9 bn$13.6 bn$13.5 bn$13.5 bn$13.9 bn$13.4 bn$13.2 bn
Total deposits$10.2 bn$10.5 bn$10.0 bn$10.0 bn$9.9 bn$10.4 bn$10.0 bn$9.8 bn
Bank equity capital$1.9 bn$1.5 bn$1.5 bn$1.5 bn$1.6 bn$1.6 bn$1.7 bn$1.8 bn
CET1 ratio15.21%11.19%11.94%12.09%12.31%12.19%13.23%14.05%
Return on equity (ROE)5.55%-17.56%11.70%9.99%9.97%9.36%17.42%13.73%
Uninsured share of domestic deposits41.52%43.74%40.33%39.60%39.37%41.13%37.09%37.95%
Full-time equivalent employees1,5041,5141,5081,5251,5331,5351,5021,462
Number of offices107107107107107107107107

FDIC Call Reports.

Mergers and acquisitions

The FDIC history of Rabobank, oldest first; figures before and after each event are not like for like.

  1. . Merged into Mechanics Bank (FDIC certificate 1768).

Questions and identifiers

What were the total assets of Rabobank?

Rabobank reported $13.2 bn at in its Call Report.

Is Rabobank the same as its holding company?

No. This page covers Rabobank, FDIC certificate 23364; COOPERATIEVE RABOBANK U A (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.

Is Rabobank profitable?

Rabobank reported net income of $117.2 mn for the year to ; annualized return on equity: 13.73%. So yes: Rabobank made a profit over these months.

When is data for Rabobank next updated?

Rabobank no longer files Call Reports; its data ends at .

Where can I check the figures for Rabobank?

In the FDIC BankFind Suite record for certificate 23364, and in the Call Reports of Rabobank (RSSD ID 877369) at the FFIEC Central Data Repository.