Sector: Financials | Industry: Banks |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 27710 Jefferson Ave Ste a-100 TEMECULA CA 92590-4604 |
Tel: | N/A |
Website: | N/A |
IR: | N/A |
Key People | ||
Neil M. Cleveland Chairman of the Board | Janice Stewart Executive Vice President and Human Resources Director | David H. Bartram Senior Executive Vice President |
Dan Stake Executive Vice President | James W. Andrews Senior Executive Vice President/Chief Credit Officer of the Bank | Michael J. Curran Executive Vice President and Chief Risk Officer |
Philip E. Guldeman Chief Financial Officer, Senior Executive Vice President of the Bank | Thomas P. Ivory Senior Executive Vice President and East County Regional Manager of the Bank | Luke Matteson Executive Vice President and Regional Manager | Timothy S. McDougal Executive Vice President, East County Manager of the Bank |
Business Overview |
Temecula Valley Bancorp Inc. serves as the holding company for Temecula Valley Bank (the Bank). The Company's activities consist of owning the outstanding common stock of the Bank, Temecula Valley Statutory Trust II, Temecula Valley Statutory Trust III, Temecula Valley Statutory Trust IV, Temecula Valley Statutory Trust V and Temecula Valley Statutory Trust VI. The Bank has 11 full-service banking offices in California providing services to customers in the Riverside, San Bernardino and San Diego Counties. Its principal office is located in Temecula, California with other California full-service offices in Carlsbad, Corona, El Cajon, Escondido, Fallbrook, Murrieta, Ontario, Solana Beach, San Marcos, and in the Rancho Bernardo area of San Diego. The Bank also operates loan production offices, which principally generate construction and/or real estate secured loans in Ontario and Temecula, California. |
Financial Overview |
For the three months ended 31 March 2009, Temecula Valley Bancorp Inc interest income decreased 36% to $16.5M. Net interest loss after loan loss provision totaled $16.6M vs. income of $11.3M. Net loss totaled $36.2M vs. income of $1.5M. Net interest income after loan loss provision reflects Interest on Federal Funds decrease of 95% to $11K, Interest bearing deposits in financial decrease of 38% to $8K. |