Bay View Capital 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)--July 26, 1995--Bay View Capital announces financial highlights. -0-
MONTHLY FINANCIAL HIGHLIGHTS
(Unaudited)
MONTHLY FINANCIAL HIGHLIGHTS
(Unaudited)
At or for month six month period
ended June 30, ended June 30,
(Dollars in thousands) 1995 1994 1995 1994
LOANS AND MORTGAGE-BACKED SECURITIES ACTIVITY Loans Originated $ 29,157 $ 45,972 $ 154,844 $ 223,956 Loans Purchased /Repurchased -- 65 1,649 3,456 Loans Sold -- 731 119 10,747 Loans Securitized and Sold -- -- -- 9,544 Mortgage-backed Securities Purchased -- -- -- 400,746 Mortgage-backed Securities Sold -- -- 103,454 -- ASSETS Cash and Cash Equivalents (a) $ 39,225 $ 25,556 Investment Securities and FHLB Stock 80,375 73,148 Mortgage-backed Securities, net 780,389 986,933 Loans Receivable,net 2,098,227 1,836,174 Other Assets 87,418 85,861
Total Assets $3,085,634 $3,007,672
CUSTOMER DEPOSITS Transaction Accounts: Checking $ 101,827 $ 105,439 Regular Savings 148,350 148,995 Money Market Account Savings 114,896 146,085
Total 365,073 400,519
Term Accounts: 6 month CDs 60,046 119,864 1 year CDs 438,316 237,238 Jumbo CDs - Branch 17,324 45,271 Jumbo CDs - Money Desk 58,999 81,232 Other Time Deposits 882,510 747,586
Total 1,457,195 1,231,191
Total Customer Deposits $1,822,268 $1,631,710 Net Customer Deposits Increase (Decrease) From Prior Month $ 9,922 $ 17,197 Interest Credited Included in Net Change in Net Customer Deposits Increase (Decrease) $ 17,404 $ 10,790 $ 36,954 $ 25,520 BORROWINGS AND OTHER LIABILITIES Federal Home Loan Bank Advances $ 896,680 $ 885,310 Securities Sold Under Agreements to Repurchase 117,492 255,138 Other Borrowings 8,055 8,734 Other Liabilities 16,570 13,901
Total Borrowings and
Other Liabilities $1,038,797 $1,163,083
Month
ended June 30,
1995 1994
WEIGHTED AVERAGE YIELDS AND RATES Loans 7.52 7.07 Mortgage-backed Securities 6.70 6.61 Investments 5.71 5.51 Interest-earning Assets 7.24 6.87 Customer Deposits 5.27 3.84 Borrowings 6.35 5.72 Interest-bearing Liabilities 5.66 4.62 Net Interest Spread (b) 1.58 2.25 Net Interest Margin (b) (c) 1.86 2.41
At June 30,
ORIGINATION RATE ON NEW LOANS (FULLY INDEXED) 1995 1994
1 Year Treasury 8.32% 7.91% Monthly COFI 7.51% 6.12% Fixed - 30 Year 7.50% 8.25% KEY RATIOS Nonperforming Assets/Total Assets (d) 1.71% 2.45% Troubled Debt Restructurings/Total Assets (e) .46% .47% (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, nonperforming securities 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 June 30,
1995, all such loans were current according to their modified
terms.
Prior year balances have been reclassified to conform with current year presentation.
ADDITIONAL QUARTERLY FINANCIAL INFORMATION
For the Quarter Ended June 30, 1995
(Unaudited)
At or for the
At or for the six month
quarter ended period ended
(Dollars in thousands except June 30, 1995 June 30, 1995
per share amount)
SELECTED PER SHARE DATA Primary Earnings Per Share (1) $ (0.10) $ 0.23 Stockholders' Equity (Book Value) Per Share 30.53 30.53 Stockholders' Equity (Tangible Book Value) Per Share 29.37 29.37 Share Price - High 27.875 27.875 Share Price - Low 22.25 17.75 Dividend Per Share 0.15 0.30 Dividend 1,085 2,160 Shares Outstanding 7,355,595 7,355,595 Average Shares Outstanding (Primary) (1) 7,335,930 7,279,837
(1) Fully diluted shares data is not calculated as it is not
materially different from the primary shares data.
AVERAGE ASSETS Loans $2,081,282 $2,067,445 Mortgage-backed Securities 833,160 873,400 Investment Securities 33,872 33,238 Other Earning Assets 90,359 87,353 Total Interest-earning Assets (2) 3,038,673 3,061,436 Nonperforming Assets 55,370 53,675 Other Assets 49,327 40,329 Total Assets $3,143,370 $3,155,440 (2) Before deductions for deferred fees and allowance for losses. AVERAGE LIABILITIES & STOCKHOLDERS' EQUITY Savings/Checking Accounts $ 233,491 $ 232,086 Money Market Accounts 128,729 132,288 Jumbo CDs 88,200 93,436 Other Time Deposits 1,363,575 1,319,470
1,813,995 1,777,280
FHLB Advances 918,573 933,899 Short-term Borrowings 151,635 196,552 Long-term Borrowings 8,177 8,242
1,078,385 1,138,693
Total Interest-bearing Liabilities 2,892,380 2,915,973 Other Liabilities 27,728 17,928 Total Liabilities 2,920,108 2,933,901 Stockholders' Equity 223,262 221,539 Total Liabilities and Stockholders' Equity $3,143,370 $3,155,440
At or for the
At or for the six month
quarter ended period ended
ALLOWANCE FOR LOSSES June 30, 1995 June 30, 1995
Beginning of Period $ 31,137 $ 31,415
Provision For Losses 1,235 1,564
Charge-offs:
Loans $(2,800) $ (3,382)
Real Estate (353) (589)
-------- -------
(3,153) (3,971)
Recoveries:
Loans 149 280
Real Estate 19 99
------- ------
168 379
Net Charge-offs (2,985) (3,592)
---------- --------
End of Period $ 29,387 $29,387
GENERAL AND ADMINISTRATIVE EXPENSES
Compensation and
Employee Benefits $ 6,886 $ 13,142
Office Occupancy & Equipment 2,059 4,144
Deposit Insurance Premiums and
Regulatory Fees 1,080 2,160
Data Processing 374 747
Other Expenses 3,127 5,676
Deferred Cost of Loan Originations (313) (670)
------ ------
Total General and Administrative
Expenses (3) $ 13,213 $ 25,199
(3) Excludes net expenses from real estate owned operations.
At June 30, 1995
LOANS RECEIVABLE
Mortgage Loans Single Family (1 to 4 units) $ 780,177
Multifamily
5 to 36 units $634,149
37 + units 353,908 988,057
-------
Nonresidential 325,026
-------
Total 2,093,260
Consumer Loans
Home Equity 29,246
Auto and Other 2,158
------
31,404
------
Gross Loans Receivable 2,124,664
Advances to Borrowers 1,444
Deferred Fees and Discounts (995)
Allowance for Loan Losses (26,886)
----------
Net Loans Receivable $2,098,227
At June 30, 1995
NONPERFORMING ASSETS AND TROUBLED DEBT
RESTRUCTURING (TDR)
Nonaccrual Loans
Single Family $ 5,504
Multifamily 7,340
Nonresidential 10,218
Consumer Loans 131
------
Total Nonaccrual Loans 23,193
Real Estate Owned 24,590
Mortgage-backed Securities 4,852
------
Total Nonperforming Assets 52,635
Troubled Debt Restructurings 14,256
--------
Total Nonperforming Assets and TDR $ 66,891
ALLOWANCE FOR LOSSES
Loans $ 26,886
Mortgage-backed Securities 2,501
--------
Total Allowance For Losses $ 29,387
SELECTED OTHER FINANCIAL DATA Intangibles: Core Deposit Premiums $ 7,613 Goodwill $ 956 Capitalized Excess Servicing $ 1,428 Loans Serviced For Others $501,991 Long-term Borrowings $440,473 Employees (Full Time Equivalent) 435 REGULATORY CAPITAL AT JUNE 30, 1995
Actual Requirement Excess
Capital Standard Amount Ratio Amount Ratio Amount Ratio Tangible $186,332 6.06 $ 46,133 1.50 $140,199 4.56 Core 192,279 6.24 92,444 3.00 99,835 3.24 Risk-based 213,721 12.51 136,679 8.00 77,042 4.51
ADDITIONAL QUARTERLY FINANCIAL INFORMATION
For the Quarter Ended June 30, 1994
(Unaudited)
At or for the
At or for the six month
quarter ended period ended
(Dollars in thousands except June 30, 1994 June 30, 1994
per share amount)
SELECTED PER SHARED DATA Primary Earnings Per Share (1) $ 0.49 $ 0.93 Stockholders' Equity (Book Value) Per Share 29.86 29.86 Stockholders' Equity (Tangible Book Value) Per Share 28.31 28.31 Share Price - High 26.25 26.25 Share Price - Low 19.50 18.25 Dividend Per Share 0.15 0.30 Dividend 1,070 2,132 Shares Outstanding 7,130,374 7,130,374 Average Shares Outstanding (Primary) (1) 7,170,041 7,147,286
(1) Fully diluted shares data is not calculated as it is not
materially different from the primary shares data.
AVERAGE ASSETS Loans $1,784,115 $1,768,339 Mortgage-backed Securities 1,002,602 906,734 Investment Securities 23,337 15,686 Other Earning Assets 56,722 51,679
Total Interest-earning Assets (2) 2,866,776 2,742,438
Nonperforming Assets 76,062 75,385
Other Assets 61,633 70,100
---------- ----------
Total Assets $3,004,471 $2,887,923
(2) Before deductions for deferred fees and allowance for losses. AVERAGE LIABILITIES & STOCKHOLDERS' EQUITY
Savings/Checking Accounts $ 237,924 $ 238,019
Money Market Accounts 168,703 173,983
Jumbo CDs 134,732 139,766
Other Time Deposits 1,074,169 1,082,703
Brokered Deposits 15,270 16,655
--------- ---------
1,630,798 1,651,126
FHLB Advances 883,943 832,036
Short-term Borrowings 243,482 155,902
Long-term Borrowings 8,692 8,825
--------- -------
1,136,117 996,763
Total Interest-bearing Liabilities 2,766,915 2,647,889 Other Liabilities 25,645 28,047 Total Liabilities 2,792,560 2,675,936 Stockholders' Equity 211,911 211,987 Total Liabilities and Stockholders' Equity $3,004,471 $2,887,923
At or for the
At or for the six month
quarter ended period ended
June 30, 1994 June 30, 1994
ALLOWANCE FOR LOSSES
Beginning of Period $ 34,643 $ 35,341
Provision For Losses 1,515 2,484
Charge-offs:
Loans $(1,588) $ (3,191)
REO (155) (272)
-------- --------
(1,743) (3,463)
Recoveries:
Loans 252 297
REO 290 298
542 595
Net Charge-offs (1,201) (2,868)
End of Period $ 34,957 $ 34,957 GENERAL AND ADMINISTRATIVE EXPENSES Compensation and Employee Benefits $ 6,402 $ 12,723 Office Occupancy & Equipment 2,059 4,083 Deposit Insurance Premiums and Regulatory Fees 1,222 2,444 Data Processing 362 889 Other Expenses 2,428 4,343 Deferred Cost of Loan Origination (1,002) (1,410) Total General and Administrative Expenses (3) $ 11,471 $ 23,072 (3) Excludes net expenses from real estate owned operations.
At June 30, 1994
LOANS RECEIVABLE
Mortgage Loans Single Family (1 to 4 units) $ 513,401
Multifamily
5 to 36 units $652,345
37+ units 333,429 985,774
-------
Nonresidential 341,900
Loan Available for Sale 753
---------
Total 1,841,828
Consumer Loans
Home Equity 26,397
Auto and Other 4,435
------
30,832
---------
Gross Loans Receivable 1,872,660
Deferred Fees and Discounts (4,045)
Allowance for Loan Losses (32,441)
Net Loans Receivable $ 1,836,174
At June 30, 1994
NONPERFORMING ASSETS AND TROUBLED DEBT RESTRUCTURING (TDR)
Nonaccrual Loans
Single Family $ 7,503
Multifamily 26,064
Nonresidential 21,430
Consumer Loans 166
-------
Total Nonaccrual Loans 55,163
Real Estate Owned 18,453
Other Repossessed Assets 2
------
Total Nonperforming Assets 73,618
Troubled Debt Restructurings 14,094
--------
Total Nonperforming Assets and TDR $ 87,712
ALLOWANCE FOR LOSSES
Loans $ 32,441
Real Estate Owned 936
Mortgage-backed Securities 1,580
--------
Total Allowance For Losses $ 34,957
SELECTED OTHER FINANCIAL DATA Intangibles: Core Deposit Premiums $ 9,636 Goodwill $ 1,352 Capitalized Excess Servicing $ 2,469 Loans Serviced For Others $571,634 Long-term Borrowings $691,346 Employees (Full Time Equivalent) 472 REGULATORY CAPITAL AT JUNE 30, 1994
Actual Requirement Excess
Capital Standard Amount Ratio Amount Ratio Amount Ratio CONTACT: Bay View Capital Corp., 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:
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