Annual Report 2016

Commercial Bank of California Announces Strong Financial Results for 2016

$28.1 M
Gross Revenue
Net Income Levels
Net income for 2016 increased 78% from 2015 levels
Capital Strength
(Tier 1 Leverage Ratio)
photo of Ash Patel, president and CEO

"While we remain committed to providing our clients with technology that is second to none, we will never forget that personalized, proactive, responsive service is the foundation of our success."

2016 was a year of achievement for Commercial Bank of California. We continued to demonstrate strong performance, registering a substantial gain in profits and growth in our assets, deposits and loans.

Our long-standing focus on high credit quality continues to serve us well. Non-performing assets net of federal guarantees totaled just $1.0 million at December 31, 2016, compared to reserves of $8.9 million. 

In 2016, the Bank successfully completed a merger with National Bank of California, which included a comprehensive data processing conversion enabling all CBC offices to operate using the same system. As a result, customers can conduct business at any of the Bank’s six convenient regional offices throughout Southern California.

Ash Patel
President & CEO

Statements of Condition (Unaudited)


(000s omitted)

December 31, 2016



Cash and due from banks$48,084
Interest bearing deposits with banks132,749
Cash and cash equivalents180,833
Investment securities73,342
Loans, net523,868
Premises and equipment - net2,326
Other real estate owned460
Accrued interest receivable 
and other assets29,866
Total assets$810,695

Liabilities and Capital:

Non-interest bearing demand deposits$304,988
Interest bearing demand deposits25,564
Savings and money market deposits353,444
Time deposits38,297
Total deposits722,293
Federal Home Loan Bank advances0
Accrued interest payable and other liabilities8,092
Total liabilities730,385
Stated capital78,830
Retained earnings1,815
Accumulated other 
comprehensive income (loss)-335
Total capital80,310
Total liabilities and capital$810,695