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August 02, 2015 7:19 AM ET

Banks

Company Overview of First National Bank of Northern California

Company Overview

First National Bank of Northern California operates as a community bank. It offers business banking services, which include business checking, business savings, merchant services, and nonprofit banking services; loans/lines, such as lines of credit, term loans, vehicle financing, credit card, receivable/inventory financing, equipment loans, and commercial real estate services; online banking services, including business online banking and bill payment services; and card services, such as debit MasterCard, credit card, and customer services. The company also provides personal banking services comprising personal checking and personal savings accounts, money market accounts, certificates of de...

975 El Camino Real

South San Francisco, CA 94080

United States

Founded in 1963

Phone:

650-583-8450

Fax:

650-755-6421

Key Executives for First National Bank of Northern California

Chief Executive Officer, Secretary and Director
Age: 63
President and Director
Age: 58
Chief Financial Officer, Senior Vice President, Chief Financial Officer of FNB Bancorp and Senior Vice President of FNB Bancorp
Age: 56
Chief Operating Officer, Executive Vice President and Director
Age: 52
Executive Development Director
Compensation as of Fiscal Year 2015.

First National Bank of Northern California Key Developments

First National Bank of Northern California Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

First National Bank of Northern California announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company announced interest income of $9,300,000 compared to $9,267,000 for the same period a year ago. Net interest income was $8,705,000 compared to $8,712,000 for the same period a year ago. Income before provision for income taxes was $3,108,000 compared to $2,482,000 for the same period a year ago. Net earnings available to common shareholders were $2,071,000 compared to $1,629,000 for the same period a year ago. Diluted earnings per share were $0.47 compared to $0.37 for the same period a year ago. Return on average assets (annualized) was 0.87% compared to 0.72% for the same period a year ago. Return on average equity (annualized) was 8.31% compared to 7.32% for the same period a year ago. For the full year, the company announced interest income of $18,368,000 compared to $18,244,000 for the same period a year ago. Net interest income was $17,259,000 compared to $17,220,000 for the same period a year ago. Income before provision for income taxes was $5,722,000 compared to $5,119,000 for the same period a year ago. Net earnings available to common shareholders were $3,870,000 compared to $3,293,000 for the same period a year ago. Diluted earnings per share were $0.88 compared to $0.76 for the same period a year ago. Return on average assets (annualized) was 0.83% compared to 0.74% for the same period a year ago. Return on average equity (annualized) was 7.82% compared to 7.41% for the same period a year ago.

First National Bank of Northern California Declares First Quarter Cash Dividend Payable on February 13, 2015

National Bank of Northern California, announced that its Board of Directors has declared a quarterly cash dividend of twelve cents per share on the Company's Common Stock totaling approximately $486,373.80. The dividend is payable on February 13, 2015 to shareholders of record as of January 30, 2015.

First National Bank Shutters Branches in San Francisco, Guam

First National Bank of Northern California recently closed branches in San Francisco and Guam as part of the integration of its Oceanic Bank purchase last year. The closures come as little surprise because tight lending margins and increased regulation are spurring banks to operate as efficiently as possible. In San Francisco, the bank closed its location on Post Street, which it had leased from the nonprofit library Mechanics Institute. The bank's days in Guam were numbered since it didn't make sense for the conservatively run, Bay Area community bank to have a far-flung branch network extending into the Pacific Ocean. The closure of the Guam branch office will allow the company to concentrate efforts on operations in San Francisco and on the San Francisco Peninsula.

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Target
Merger/Acquisition
May 14, 2015
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