$866M
total assets, June 30, 2010
Los Padres Bank was a savings bank in Solvang, CA. It failed on Aug 20, 2010, and Pacific Western Bank took over its deposits. At its last report it held $866.5 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 2010
This bank failed
- Failed on
- Aug 20, 2010
- Assets
- $866M
- Deposits
- $771M
- Estimated cost
- $3.4M
- Deposits went to
- Pacific Western Bank, San Diego, CA
Total assets
$866M
-20.5% in a year · -3.9% in a quarter
Deposits
$771M
-12.9% in a year · -1.4% in a quarter
Loans
$533M
-28.1% in a year · -4.3% in a quarter
Profit so far
-$4.4M
Jan 1 to Jun 30, 2010
Capital ratio
5.06%
-1.40 pts in a year
Return on assets
-0.97%
+2.01 pts in a year
Facts
- Type
- Savings bank
- Head office
- 610 Alamo Pintado Road, Solvang, CA, 93463
- County
- Santa Barbara
- Established
- Jan 1, 1982
- Failed
- Aug 20, 2010
- Employees
- 156
- Branches
- 16 in 3 states
- Id
- b32165
Quarter by quarter
March 31, 1984 to June 30, 2010
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Los Padres Bank?
$866.5 million in total assets and $770.9 million in deposits as of June 30, 2010, with assets down 20.5% from a year before. Its loans were $532.7 million.
How many branches does Los Padres Bank have?
16 branches in 3 states as of June 30, 2026.
Is Los Padres Bank profitable?
No: it lost $4.39 million from January 1 to June 30, 2010. Its return on assets was -0.97% a year; about 1% is typical.
When did Los Padres Bank fail?
Aug 20, 2010. Pacific Western Bank of San Diego, CA took over its deposits. The estimated cost of the failure was $3.43 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.