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AltaPacific Bancorp

OTCPK:ABNK
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ABNK
OTCPK
$84M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

AltaPacific Bancorp operates as the holding company for AltaPacific Bank that provides a range of banking products and services to small to middle-market businesses, professionals, and not-for-profit organizations in California. The last earnings update was 55 days ago. More info.


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ABNK Share Price and Events
7 Day Returns
0%
OTCPK:ABNK
1.1%
US Banks
0.5%
US Market
1 Year Returns
0.1%
OTCPK:ABNK
-8%
US Banks
0.8%
US Market
ABNK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AltaPacific Bancorp (ABNK) 0% 2% -8.9% 0.1% 74.7% 74.6%
US Banks 1.1% -0.6% -2.8% -8% 46.4% 40.3%
US Market 0.5% -0.1% 1% 0.8% 37.5% 37.5%
1 Year Return vs Industry and Market
  • ABNK outperformed the Banks industry which returned -8% over the past year.
Price Volatility
ABNK
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for AltaPacific Bancorp's competitors could be found in our database.

ABNK Value

 Is AltaPacific Bancorp undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of AltaPacific Bancorp to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for AltaPacific Bancorp.

OTCPK:ABNK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $8.90 * 8.2%
$0.73
Book Value of Equity per Share Median Book Value from the past 5 years. $8.90
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:ABNK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.593 (1 + (1- 21%) (34.79%))
0.836
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.836 * 5.96%)
7.71%

Discounted Cash Flow Calculation for OTCPK:ABNK using Excess Returns Model Model

The calculations below outline how an intrinsic value for AltaPacific Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OTCPK:ABNK Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.2% – 7.71%) * $8.90)
$0.04
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.04 / (7.71% - 2.73%)
$0.88
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $8.90 + $0.88
$9.78
OTCPK:ABNK Discount to Share Price
Calculation Result
Value per share (USD) From above. $9.78
Current discount Discount to share price of $14.49
= -1 x ($14.49 - $9.78) / $9.78
-48.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of AltaPacific Bancorp is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for AltaPacific Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AltaPacific Bancorp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:ABNK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.87
OTCPK:ABNK Share Price ** OTCPK (2019-06-10) in USD $14.49
United States of America Banks Industry PE Ratio Median Figure of 600 Publicly-Listed Banks Companies 12.67x
United States of America Market PE Ratio Median Figure of 3,094 Publicly-Listed Companies 17.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of AltaPacific Bancorp.

OTCPK:ABNK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:ABNK Share Price ÷ EPS (both in USD)

= 14.49 ÷ 0.87

16.61x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AltaPacific Bancorp is overvalued based on earnings compared to the US Banks industry average.
  • AltaPacific Bancorp is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does AltaPacific Bancorp's expected growth come at a high price?
Raw Data
OTCPK:ABNK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
8.1%per year
United States of America Banks Industry PEG Ratio Median Figure of 271 Publicly-Listed Banks Companies 1.37x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for AltaPacific Bancorp, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on AltaPacific Bancorp's assets?
Raw Data
OTCPK:ABNK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $9.17
OTCPK:ABNK Share Price * OTCPK (2019-06-10) in USD $14.49
United States of America Banks Industry PB Ratio Median Figure of 603 Publicly-Listed Banks Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
OTCPK:ABNK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:ABNK Share Price ÷ Book Value per Share (both in USD)

= 14.49 ÷ 9.17

1.58x

* Primary Listing of AltaPacific Bancorp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AltaPacific Bancorp is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess AltaPacific Bancorp's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. AltaPacific Bancorp has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ABNK Future Performance

 How is AltaPacific Bancorp expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover AltaPacific Bancorp, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AltaPacific Bancorp expected to grow at an attractive rate?
  • AltaPacific Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • AltaPacific Bancorp's earnings growth is positive but not above the United States of America market average.
  • Unable to compare AltaPacific Bancorp's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:ABNK Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:ABNK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 8.1%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 3.8%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:ABNK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:ABNK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 20 5
2018-12-31 20 6 5
2018-09-30 20 4
2018-06-30 20 4
2018-03-31 21 4
2017-12-31 20 5 4
2017-09-30 19 4
2017-06-30 19 5
2017-03-31 19 4
2016-12-31 20 5 4
2016-09-30 19 5
2016-06-30 20 5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • AltaPacific Bancorp's earnings are expected to grow by 8.1% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if AltaPacific Bancorp is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:ABNK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from AltaPacific Bancorp Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ABNK Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.87
2018-12-31 0.84
2018-09-30 0.69
2018-06-30 0.59
2018-03-31 0.66
2017-12-31 0.59
2017-09-30 0.65
2017-06-30 0.71
2017-03-31 0.61
2016-12-31 0.65
2016-09-30 0.70
2016-06-30 0.71

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if AltaPacific Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess AltaPacific Bancorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
AltaPacific Bancorp has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ABNK Past Performance

  How has AltaPacific Bancorp performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare AltaPacific Bancorp's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • AltaPacific Bancorp's year on year earnings growth rate has been positive over the past 5 years.
  • AltaPacific Bancorp's 1-year earnings growth exceeds its 5-year average (18.3% vs 8.3%)
  • AltaPacific Bancorp's earnings growth has not exceeded the US Banks industry average in the past year (18.3% vs 39.5%).
Earnings and Revenue History
AltaPacific Bancorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from AltaPacific Bancorp Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ABNK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 20.33 5.27 10.25
2018-12-31 20.29 5.20 10.25
2018-09-30 20.46 4.39 11.17
2018-06-30 19.98 3.88
2018-03-31 20.72 4.46
2017-12-31 20.17 3.97 11.17
2017-09-30 19.49 4.40 9.13
2017-06-30 19.45 4.80 9.13
2017-03-31 19.24 3.99
2016-12-31 19.51 4.38 9.13
2016-09-30 19.35 4.70 8.67
2016-06-30 19.51 4.70 8.67
2016-03-31 19.28 4.87 8.67
2015-12-31 20.02 5.27 8.67
2015-09-30 20.78 5.35 8.23
2015-06-30 20.73 4.91 8.23
2015-03-31 19.57 4.31 8.23
2014-12-31 17.10 3.43 8.23
2014-09-30 14.49 2.70 6.09
2014-06-30 12.43 2.21
2014-03-31 10.76 1.74
2013-12-31 10.25 1.44 6.15
2013-09-30 9.82 1.32 5.82
2013-06-30 9.89 1.32 5.82
2013-03-31 9.88 1.87 5.82
2012-12-31 9.43 1.78 5.82
2012-09-30 9.20 1.26
2012-06-30 7.81 0.99

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • AltaPacific Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • AltaPacific Bancorp used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if AltaPacific Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess AltaPacific Bancorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
AltaPacific Bancorp has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ABNK Health

 How is AltaPacific Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of AltaPacific Bancorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from AltaPacific Bancorp Company Filings, last reported 2 months ago.

OTCPK:ABNK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 54.29 29.07 12.61
2018-12-31 54.29 29.07 12.61
2018-09-30
2018-06-30
2018-03-31
2017-12-31 58.03 19.15 28.15
2017-09-30
2017-06-30
2017-03-31
2016-12-31 57.17 10.64 15.57
2016-09-30
2016-06-30
2016-03-31 52.30 25.53 15.27
2015-12-31 52.30 25.53 15.27
2015-09-30
2015-06-30
2015-03-31 48.84 25.98 4.25
2014-12-31 48.84 25.98 4.25
2014-09-30
2014-06-30
2014-03-31
2013-12-31 47.98 20.00 6.08
2013-09-30
2013-06-30
2013-03-31 47.40 5.00 21.81
2012-12-31 47.40 5.00 21.81
2012-09-30
2012-06-30
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • AltaPacific Bancorp has an acceptable proportion of non-loan assets held.
  • AltaPacific Bancorp's liabilities are made up of primarily low risk sources of funding.
  • Loans at AltaPacific Bancorp are broadly funded by customer deposits.
  • AltaPacific Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • AltaPacific Bancorp has a sufficient allowance for bad loans.
  • AltaPacific Bancorp has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess AltaPacific Bancorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. AltaPacific Bancorp has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ABNK Dividends

 What is AltaPacific Bancorp's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from AltaPacific Bancorp dividends.
If you bought $2,000 of AltaPacific Bancorp shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate AltaPacific Bancorp's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate AltaPacific Bancorp's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:ABNK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 478 Stocks 2.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as AltaPacific Bancorp has not reported any payouts.
  • Unable to verify if AltaPacific Bancorp's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of AltaPacific Bancorp's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as AltaPacific Bancorp has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess AltaPacific Bancorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can AltaPacific Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AltaPacific Bancorp has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ABNK Management

 What is the CEO of AltaPacific Bancorp's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Charlie Hall
AGE 63
TENURE AS CEO 9.4 years
CEO Bio

Mr. Charles O. Hall, also known as Charlie, serves as the Chief Executive Officer of AltaPacific Bank and its parent company AltaPacific Bancorp. Mr. Hall served as the President of AltaPacific Bank and its parent company AltaPacific Bancorp until December 8, 2016. He served as the President, Chief Operating Officer of Business Bancorp (CA) since December 2001. Mr. Hall served as the Chief Executive Officer of Business Bank of California since December 2001. Mr. Hall served as President and Chief Executive Officer of MCB Financial Corporation from January 1999 to December 2001. He served as Chief Executive Officer of Metro Commerce Bank from January 1999 to December 2001, its President from December 1995 to December 2001, Chief Operating Officer from December 1995 to December 1998, Chief Credit Officer from March 1992 to April 1998, Executive Vice President from March 1992 to December 1995. He served as Director of Business Bancorp and of Business Bank since December 2001. He serves as a Director of AltaPacific Bank and AltaPacific Bancorp. He served as Director of Business Bank of California since December 2001. He served as a Director of MCB Financial Corporation from January 1999 to December 2001. Mr. Hall served as Director of Metro Commerce Bank from December 1995 to December 2001.

CEO Compensation
  • Insufficient data for Charlie to compare compensation growth.
  • Insufficient data for Charlie to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the AltaPacific Bancorp management team in years:

8.1
Average Tenure
63
Average Age
  • The average tenure for the AltaPacific Bancorp management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Charlie Hall

TITLE
Chief Executive Officer
AGE
63
TENURE
9.4 yrs

Frank Basirico

TITLE
President & COO
AGE
64
TENURE
2.5 yrs

Allen Christenson

TITLE
CFO & Executive VP
AGE
61
TENURE
9.4 yrs

Sheila Moran

TITLE
Senior Vice President and Compliance Officer

Jerry Meyer

TITLE
Senior Vice President of Corporate Banking

Sean Olhan

TITLE
Senior VP & Risk Officer

Russ Scranton

TITLE
Senior VP & Regional Manager of the Inland Empire Region
TENURE
8.1 yrs

Shirley Law

TITLE
Executive VP & Chief Credit Officer
TENURE
1.4 yrs

Jeanne Reade

TITLE
Executive VP & Senior Credit Administrator
Board of Directors Tenure

Average tenure and age of the AltaPacific Bancorp board of directors in years:

9.4
Average Tenure
65
Average Age
  • The tenure for the AltaPacific Bancorp board of directors is about average.
Board of Directors

Tim Jorstad

TITLE
Chairman of the Board
AGE
66
TENURE
9.4 yrs

Charlie Hall

TITLE
Chief Executive Officer
AGE
63
TENURE
9.4 yrs

Randall Verrue

TITLE
Vice Chairman of the Board
AGE
74

Frank Basirico

TITLE
President & COO
AGE
64
TENURE
5.1 yrs

Rich Jett

TITLE
Director and Director of Altapacific Bank
TENURE
7.3 yrs

Harry Borak

TITLE
Director
TENURE
7.3 yrs

Gary Deems

TITLE
Director
AGE
70
TENURE
5.1 yrs

Richard Dowd

TITLE
Director
TENURE
9.4 yrs

Robin Goble

TITLE
Director
TENURE
9.4 yrs

Joseph Zils

TITLE
Director
AGE
62
TENURE
9.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess AltaPacific Bancorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. AltaPacific Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ABNK News

Simply Wall St News

ABNK Company Info

Description

AltaPacific Bancorp operates as the holding company for AltaPacific Bank that provides a range of banking products and services to small to middle-market businesses, professionals, and not-for-profit organizations in California. It offers various deposit products, including checking accounts, savings accounts, money market accounts, certificates of deposit, attorney client trust accounts, and individual retirement accounts. The company also provides short term unsecured, term, commercial and residential construction, small business administration, land, machinery and equipment, working capital, installment, and commercial real estate loans; marketable securities, home equity lines of credit, and real estate secured lines of credit; business acquisition and expansion, and inventory financing services; and debt restructuring services. In addition, it offers overdraft protection; debit and credit cards; cash management, wire transfer, check imaging, and online banking services; and re-order checks. The company has branch offices in Ontario, Covina, Temecula, Riverside, and San Bernardino, California. AltaPacific Bancorp was founded in 2006 and is headquartered in Santa Rosa, California.

Details
Name: AltaPacific Bancorp
ABNK
Exchange: OTCPK
Founded: 2006
$83,540,254
5,765,373
Website: http://www.apbconnect.com
Address: AltaPacific Bancorp
4845 Old Redwood Highway,
Santa Rosa,
California, 95403,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK ABNK Common Stock Pink Sheets LLC US USD 30. Sep 2010
Number of employees
Current staff
Staff numbers
0
AltaPacific Bancorp employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/17 00:22
End of day share price update: 2019/06/10 00:00
Last earnings filing: 2019/04/23
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.