City Bank
As of April 17, 2010, City Bank was acquired by Whidbey Island Bank. City Bank offers commercial banking services. The company was incorporated in 1974 and is headquartered in Lynnwood, Washington.
City Bank (CTBK) - Net Assets
Latest net assets as of December 2009: $0.00 USD
Based on the latest financial reports, City Bank (CTBK) has net assets worth $0.00 USD as of December 2009.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($0.30) and total liabilities ($0.30). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $0.00 |
| % of Total Assets | 0% |
| Annual Growth Rate | N/A |
| 5-Year Change | -100.0% |
| 10-Year Change | -100.0% |
| Growth Volatility | 34.52 |
City Bank - Net Assets Trend (1999–2009)
This chart illustrates how City Bank's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for City Bank (1999–2009)
The table below shows the annual net assets of City Bank from 1999 to 2009.
| Year | Net Assets | Change |
|---|---|---|
| 2009-12-31 | $0.00 | -- |
| 2008-12-31 | $141.16 Million | -32.68% |
| 2007-12-31 | $209.68 Million | +9.17% |
| 2006-12-31 | $192.07 Million | +8.95% |
| 2005-12-31 | $176.30 Million | +12.92% |
| 2004-12-31 | $156.13 Million | +2.49% |
| 2003-12-31 | $152.34 Million | +4.00% |
| 2002-12-31 | $146.49 Million | +13.46% |
| 2001-12-31 | $129.11 Million | +15.22% |
| 2000-12-31 | $112.06 Million | +17.93% |
| 1999-12-31 | $95.02 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to City Bank's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2009)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $74.75 Million | 100.00% |
| Total Equity | $74.75 Million | 100.00% |
City Bank Competitors by Market Cap
The table below lists competitors of City Bank ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pathfinder Cell Therapy Inc
PINK:PFND
|
$0.99 |
|
Spyglass Resources Corp
PINK:SGLRF
|
$0.99 |
|
Odyne Corporation
PINK:ODYC
|
$0.99 |
|
Helmer Directional
PINK:EXLA
|
$0.99 |
|
AgriMinco Corp
PINK:ETPHF
|
$0.99 |
|
Zane Interactive Publishing Inc
PINK:ZNAE
|
$0.99 |
|
M Line Hldgs Inc
PINK:MLHC
|
$0.99 |
|
Technology General Corporation
PINK:TCGN
|
$0.99 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in City Bank's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2008 to 2009, total equity changed from 141,157,000 to 74,755,000, a change of -66,402,000 (-47.0%).
- Net loss of 104,607,000 reduced equity.
- Other comprehensive income decreased equity by 132,000.
- Other factors increased equity by 38,337,000.
Equity Change Factors (2008 to 2009)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-104.61 Million | -139.93% |
| Other Comprehensive Income | $-132.00K | -0.18% |
| Other Changes | $38.34 Million | +51.28% |
| Total Change | $- | -47.04% |
Book Value vs Market Value Analysis
This analysis compares City Bank's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.00x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | $6.46 | $0.00 | x |
| 2000-12-31 | $7.84 | $0.00 | x |
| 2001-12-31 | $8.78 | $0.00 | x |
| 2002-12-31 | $9.87 | $0.00 | x |
| 2003-12-31 | $10.13 | $0.00 | x |
| 2004-12-31 | $10.25 | $0.00 | x |
| 2005-12-31 | $11.44 | $0.00 | x |
| 2006-12-31 | $12.15 | $0.00 | x |
| 2007-12-31 | $13.24 | $0.00 | x |
| 2008-12-31 | $8.96 | $0.00 | x |
| 2009-12-31 | $4.74 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently City Bank utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -139.93%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -260.02%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (-139.93%) is below the historical average (-2.57%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 16.78% | 27.06% | 0.12x | 5.27x | $6.44 Million |
| 2000 | 16.29% | 25.56% | 0.13x | 4.84x | $7.04 Million |
| 2001 | 15.04% | 25.03% | 0.13x | 4.58x | $6.51 Million |
| 2002 | 13.45% | 26.04% | 0.12x | 4.33x | $5.04 Million |
| 2003 | 12.73% | 24.96% | 0.13x | 4.07x | $4.15 Million |
| 2004 | 12.22% | 36.93% | 0.08x | 4.29x | $3.46 Million |
| 2005 | 29.20% | 76.54% | 0.08x | 4.72x | $33.85 Million |
| 2006 | 19.26% | 35.40% | 0.10x | 5.61x | $17.79 Million |
| 2007 | 19.79% | 33.31% | 0.10x | 5.91x | $20.53 Million |
| 2008 | -43.10% | -59.09% | 0.08x | 9.39x | $-74.96 Million |
| 2009 | -139.93% | -260.02% | 0.00x | 0.00x | $-112.08 Million |
Industry Comparison
This section compares City Bank's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| City Bank (CTBK) | $0.00 | 16.78% | N/A | $0.99 |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |