Bay View Capital Corp. Announces Financial Highlights.SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif.--(BUSINESS WIRE)--Jan. 29, 1997-- MONTHLY FINANCIAL HIGHLIGHTS (Unaudited) At or for At or for twelve the month month period ended December 31, ended December 31, (Dollars in thousands) 1996 1995 1996 1995 LOANS AND MORTGAGE-BACKED SECURITIES Mortgage-backed securities (MSBs) Securities backed by a pool of mortgage loans. ACTIVITY Loans Originated $32,408 $ 15,856 $376,473 $258,430 Loans Purchased/Repurchased $ 1,677 $ 152 $ 66,017 $ 12,928 Loans Sold $ - $ - $ 17,566 $ 119 Loans Securitized securitized Of, related to, or being debt securities that are secured with assets. For example, mortgage purchase bonds are secured by mortgages that have been purchased with the bond issue's proceeds. and Sold $ - $ - $ - $ - Mortgage-backed Securities Purchased $ - $ - $ - $ - Mortgage-backed Securities Sold $ - $ - $ 58,448 $103,454 ASSETS Cash and Cash Equivalents $106,828 $42,760 (a) Investment Securities and FHLB FHLB Federal Home Loan Bank Stock 80,897 87,413 Mortgage-backed Securities 577,613 731,378 Loans Receivable, net 2,474,717 2,062,268 Other Assets other assets Assets of relatively small value. For financial reporting purposes, firms frequently combine small assets into a single category rather than listing each item separately. 60,207 80,677 Total Assets $3,300,262 $3,004,496 CUSTOMER DEPOSITS Transaction Accounts: Checking $111,436 $107,595 Regular Savings 189,279 173,739 Money Market Account Savings 192,856 106,276 Total 493,571 387,610 Term Accounts: 6 month CDs 120,022 81,868 1 year CDs 452,543 328,836 Jumbo CDs Jumbo CD A certificate of deposit (CD) with a minimum denomination of $100,000. Notes: Jumbo CDs are typically bought and sold by large institutional investors, such as banks and pension funds, because of the high minimum denomination. - Branch 64,738 17,424 Jumbo CDs - Money Desk - 24,337 Other Time Deposits 633,093 979,765 Total 1,270,396 1,432,230 Total Customer Deposits 1,763,967 1,819,840 Net Customer Deposits Increase (Decrease) from Prior Month (g) $(288,010) $ 1,685 Interest Credited Included in Net Change in Net Customer Deposits $ 6,039 $ 19,531 $ 75,458 $ 80,336 BORROWINGS AND OTHER LIABILITIES other liabilities Small and relatively insignificant liabilities. For financial reporting purposes, firms often combine small liabilities into this single category rather than listing each liability separately. Federal Home Loan Bank Advances $977,750 $766,790 Securities Sold Under Agreements to Repurchase 210,640 166,738 Senior Debentures 49,406 - Other Borrowings 7,147 7,937 Other Liabilities 91,290 35,214 Total Borrowings and Other Liabilities $ 1,336,233 $ 976,679 BAY VIEW CAPITAL CORPORATION MONTHLY FINANCIAL HIGHLIGHTS (Unaudited) Month ended December 31, 1996 1995 WEIGHTED AVERAGE YIELDS AND RATES Loans 8.24% 7.76% Mortgage-backed Securities 6.51% 6.62% Investments 5.60% 5.96% Interest-earning Assets 7.78% 7.41% Customer Deposits 4.91% 5.27% Borrowings 6.20% 6.53% Interest-bearing Liabilities 5.36% 5.70% Net Interest Spread (b) 2.42% 1.71% Net Interest Margin (b) (c) 2.72% 2.05% At December 31, 1996 1995 ORIGINATION RATE ON NEW LOANS (FULLY INDEXED) 1 Year Treasury (d) NA 8.13% Monthly COFI COFI Cost of Funds Index COFI Council Of Forest Industries (Canada) COFI Community Organizing and Family Issues COFI Checkout and Fault Isolation COFI Coder/Decoder Filter (electrical engineering) (d) NA 8.88% Fixed - 30 Year (d) NA 7.60% KEY RATIOS Nonperforming Assets/Total Assets (e) 0.74% 1.29% Troubled Debt Restructurings/Total Assets(f) 0.02% 0.52% (a) Cash and cash equivalents include federal funds Federal Funds Funds deposited to regional Federal Reserve Banks by commercial banks, including funds in excess of reserve requirements. Notes: These non-interest bearing deposits are lent out at the Fed funds rate to other banks unable to meet overnight reserve sold. (b) Net interest spread and margin are calculated excluding nonperforming assets Nonperforming asset An asset that is not effectively producing income, such as an overdue loan. nonperforming asset An asset that produces no income. . (c) Net interest margin represents net interest spread after including a factor for the excess of interest-earning assets over interest-bearing liabilities. (d) Single family mortgages are not currently offered. (e) Loans ninety days or more delinquent, (excluding accruing loans delinquent ninety days or more), loans designated as nonperforming, nonperforming securities and foreclosed real estate. (f) Real estate loans which have been modified (due to borrower financial difficulties) with stated interest rate and/or a monthly payment rate lower than the prevailing market rate. At December 31, 1996, all such loans were current according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. their modified terms. (g) The decrease is primarily due to the redemption of higher cost thrift certificates for California Thrift & Loan. CONTACT: Bay View Capital Corporation, San Mateo David A. Heaberlin, 415/312-7272 http://www.bvfs.com |
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