Bay View Capital Corporation 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)--March 23, 1995--Following are the financial highlights for Bay View Capital Corporation. -0-
MONTHLY FINANCIAL HIGHLIGHTS
(Dollars in thousands)
(Unaudited)
At or for month At or for the period
ended February 28, ended February 28,
1995 1994 1995 1994
LOANS AND MORTGAGE-BACKED SECURITIES ACTIVITY Loans Originated $ 17,719 $ 36,053 $ 44,279 $ 55,934 Loans Purchased/ Repurchased 445 1,751 1,045 1,751 Loans Sold - 1,862 119 4,162 Loans Securitized and Sold - 2,028 - 7,043 Mortgage-backed Securities Purchased - 154,516 - 235,430 Mortgage-backed Securities Sold - - - - ASSETS Cash and Cash Equivalents (a) $ 47,483 $ 19,429 Investment Securities and FHLB Stock 85,020 47,561 Mortgage-backed Securities,net 909,047 900,288 Loans Receivable,net 2,061,205 1,783,743 Other Assets 80,891 88,343 Total Assets $3,183,646 $2,839,364 CUSTOMER DEPOSITS
Transaction Accounts:
Checking $ 98,163 $ 102,804
Regular Savings 137,647 150,634
Money Market
Accounts 123,601 161,724
359,411 415,162
Term Accounts:
6 month CDs 83,256 131,817
1 year CDs 438,309 186,302
Jumbo CDs - Branch 21,535 52,596
Jumbo CDs - Money
Desk 76,562 95,240
Other Time Deposits 767,855 787,691
1,387,517 1,253,646
Total Customer
Deposits $1,746,928 $1,668,808
Net Customer Deposits Increase (Decrease) from Prior Month $ 32,412 $ (1,042) Interest Credited Included in Net Customer Deposits Increase (Decrease) $ 1,175 $ 1,073 $ 2,082 $ 2,124 BORROWINGS AND OTHER LIABILITIES Federal Home Loan Bank Advances $ 946,710 $ 816,710 Securities Sold under Agreements to Repurchase 233,057 111,192 Other Borrowings 8,145 8,730 Other Liabilities 27,044 20,911 Total Borrowings and Other Liabilities $1,214,956 $ 957,543
Month ended February 28,
1995 1994
WEIGHTED AVERAGE YIELDS AND RATES
Loans 7.03% 7.24% Mortgage-backed Securities 6.91% 6.15% Investment Securities and FHLB Stock 5.84% 4.34% Interest-earning Assets 6.96% 6.86% Customer Deposits 4.87% 3.88% Borrowings 6.19% 6.17% Interest-bearing Liabilities 5.41% 4.65% Net Interest Spread (b) 1.55% 2.21% Net Interest Margin (b) (c) 1.81% 2.36% ORIGINATION RATE ON NEW LOANS At February 28, (FULLY INDEXED) 1995 1994 1 Year Treasury 9.54% 6.41% Monthly COFI 7.04% 6.23% Fixed - 30 Year 8.75% 7.13% KEY RATIOS Nonperforming Assets/Total Assets (d) 1.60% 2.71% Troubled Debt Restructurings/ Total Assets (e) .44% .50% (a) Cash and cash equivalents include federal funds sold.
(b) Net interest spread and margin are calculated excluding
nonperforming assets.
(c) Net interest margin represents net interest spread after
including a factor for the excess of interest-earning assets
over interest-bearing liabilities.
(d) Loans ninety days or more delinquent, (excluding accruing loans
delinquent ninety days or more), loans designated as
nonperforming and foreclosed real estate.
(e) 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
February 28, 1995, all such loans were current according to
their modified terms.
-0- Prior year balances have been reclassified to conform to Verb 1. conform to - satisfy a condition or restriction; "Does this paper meet the requirements for the degree?" fit, meet coordinate - be co-ordinated; "These activities coordinate well" current year presentation. CONTACT: Bay View Capital Corporation, San Mateo Bruce Bruce, Scottish royal family descended from an 11th-century Norman duke, Robert de Brus. He aided William I in his conquest of England (1066) and was given lands in England. E. Moyer Moyer is a surname, and may refer to:
|
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion