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Exchange Bank (Santa Rosa CA)

OTCPK:EXSR
Snowflake Description

Flawless balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EXSR
OTCPK
$279M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Exchange Bank (Santa Rosa, CA), together with its subsidiaries, provides commercial and retail banking services to individuals and businesses in California. The last earnings update was 61 days ago. More info.


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EXSR Share Price and Events
7 Day Returns
-3.6%
OTCPK:EXSR
0.1%
US Banks
2.2%
US Market
1 Year Returns
-
OTCPK:EXSR
-7.1%
US Banks
3.8%
US Market
EXSR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Exchange Bank (Santa Rosa CA) (EXSR) -3.6% -3.6% -0.6% - 91.7% 117.3%
US Banks 0.1% 1.5% 5.5% -7.1% 51.1% 40.9%
US Market 2.2% 4.2% 4.4% 3.8% 43% 40.9%
1 Year Return vs Industry and Market
  • No trading data on EXSR.
  • No trading data on EXSR.
Price Volatility
EXSR
Industry
5yr Volatility vs Market

Value

 Is Exchange Bank (Santa Rosa CA) 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 Exchange Bank (Santa Rosa CA) 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 Exchange Bank (Santa Rosa CA).

OTCPK:EXSR 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
= $118.53 * 11.8%
$13.98
Book Value of Equity per Share Median Book Value from the past 5 years. $118.53
Discount Rate (Cost of Equity) See below 7.5%
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:EXSR
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))
= 0.592 (1 + (1- 21%) (0%))
0.726
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

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

The calculations below outline how an intrinsic value for Exchange Bank (Santa Rosa CA) 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:EXSR Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.8% – 7.5%) * $118.53)
$5.10
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $5.10 / (7.5% - 2.73%)
$106.90
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $118.53 + $106.90
$225.43
OTCPK:EXSR Discount to Share Price
Calculation Result
Value per share (USD) From above. $225.43
Current discount Discount to share price of $163.00
= -1 x ($163.00 - $225.43) / $225.43
27.7%

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

Current Discount
Amount off the current price Exchange Bank (Santa Rosa CA) is available for.
Intrinsic value
28%
Share price is $163 vs Future cash flow value of $225.43
Current Discount Checks
For Exchange Bank (Santa Rosa CA) to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Exchange Bank (Santa Rosa CA)'s share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Exchange Bank (Santa Rosa CA)'s share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Exchange Bank (Santa Rosa CA)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Exchange Bank (Santa Rosa CA)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:EXSR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $21.28
OTCPK:EXSR Share Price ** OTCPK (2019-06-21) in USD $163
United States of America Banks Industry PE Ratio Median Figure of 600 Publicly-Listed Banks Companies 12.7x
United States of America Market PE Ratio Median Figure of 3,094 Publicly-Listed Companies 17.87x

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

** Primary Listing of Exchange Bank (Santa Rosa CA).

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

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

= 163 ÷ 21.28

7.66x

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

  • Exchange Bank (Santa Rosa CA) is good value based on earnings compared to the US Banks industry average.
  • Exchange Bank (Santa Rosa CA) is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Exchange Bank (Santa Rosa CA)'s expected growth come at a high price?
Raw Data
OTCPK:EXSR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.66x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-1.1%per year
United States of America Banks Industry PEG Ratio Median Figure of 272 Publicly-Listed Banks Companies 1.36x
United States of America Market PEG Ratio Median Figure of 2,134 Publicly-Listed Companies 1.54x

*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 Exchange Bank (Santa Rosa CA), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Exchange Bank (Santa Rosa CA)'s assets?
Raw Data
OTCPK:EXSR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $141.68
OTCPK:EXSR Share Price * OTCPK (2019-06-21) in USD $163
United States of America Banks Industry PB Ratio Median Figure of 603 Publicly-Listed Banks Companies 1.19x
United States of America Market PB Ratio Median Figure of 5,255 Publicly-Listed Companies 1.81x
OTCPK:EXSR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 163 ÷ 141.68

1.15x

* Primary Listing of Exchange Bank (Santa Rosa CA).

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

  • Exchange Bank (Santa Rosa CA) is good value based on assets compared to the US Banks industry average.
X
Value checks
We assess Exchange Bank (Santa Rosa CA)'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. Exchange Bank (Santa Rosa CA) has a total score of 4/6, 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.

Future Performance

 How is Exchange Bank (Santa Rosa CA) expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Exchange Bank (Santa Rosa CA), 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
-1.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Exchange Bank (Santa Rosa CA) expected to grow at an attractive rate?
  • Exchange Bank (Santa Rosa CA)'s earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Exchange Bank (Santa Rosa CA)'s earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Unable to compare Exchange Bank (Santa Rosa CA)'s revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:EXSR Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:EXSR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -1.1%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 3.9%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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:EXSR 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:EXSR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 121 36
2018-12-31 119 38 39
2018-09-30 116 29
2018-06-30 113 26
2018-03-31 107 24
2017-12-31 105 26 20
2017-09-30 101 25
2017-06-30 98 24
2017-03-31 96 23
2016-12-31 94 27 22
2016-09-30 93 21
2016-06-30 92 21

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Exchange Bank (Santa Rosa CA)'s earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Exchange Bank (Santa Rosa CA) 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:EXSR 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 Exchange Bank (Santa Rosa CA) Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:EXSR Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 21.28
2018-12-31 22.46
2018-09-30 17.04
2018-06-30 15.36
2018-03-31 13.98
2017-12-31 11.38
2017-09-30 14.73
2017-06-30 13.99
2017-03-31 13.37
2016-12-31 12.54
2016-09-30 12.35
2016-06-30 12.20

*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 Exchange Bank (Santa Rosa CA) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Exchange Bank (Santa Rosa CA)'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.
Exchange Bank (Santa Rosa CA) has a total score of 0/6, 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.

Past Performance

  How has Exchange Bank (Santa Rosa CA) 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 Exchange Bank (Santa Rosa CA)'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.
  • Exchange Bank (Santa Rosa CA)'s year on year earnings growth rate has been positive over the past 5 years.
  • Exchange Bank (Santa Rosa CA)'s 1-year earnings growth exceeds its 5-year average (52.2% vs 14.5%)
  • Exchange Bank (Santa Rosa CA)'s earnings growth has exceeded the US Banks industry average in the past year (52.2% vs 40.7%).
Earnings and Revenue History
Exchange Bank (Santa Rosa CA)'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 Exchange Bank (Santa Rosa CA) Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:EXSR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 120.90 36.48 51.96
2018-12-31 119.10 38.51 51.19
2018-09-30 116.25 29.21 48.74
2018-06-30 112.92 26.34 48.28
2018-03-31 107.10 23.98 47.81
2017-12-31 105.24 19.51 47.26
2017-09-30 100.81 25.25 46.78
2017-06-30 98.38 23.99 46.88
2017-03-31 95.79 22.92 46.68
2016-12-31 94.15 21.50 46.96
2016-09-30 92.62 21.17 32.74
2016-06-30 91.64 20.92 31.76
2016-03-31 92.84 21.11 32.16
2015-12-31 92.27 21.03 44.33
2015-09-30 90.52 20.45 43.96
2015-06-30 90.02 19.87 44.23
2015-03-31 86.45 18.78 42.99
2014-12-31 84.55 17.71 43.23
2014-09-30 84.16 16.48 44.88
2014-06-30 83.70 16.33 44.61
2014-03-31 81.79 15.60 44.65
2013-12-31 79.94 14.75 44.75
2013-09-30 78.53 14.69 30.32
2013-06-30 76.28 13.50 30.77
2013-03-31 75.77 12.53 31.14
2012-12-31 76.11 10.17 44.21
2012-09-30 75.37 9.83 44.74
2012-06-30 74.97 9.63 44.10

*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.
  • Exchange Bank (Santa Rosa CA) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Exchange Bank (Santa Rosa CA) used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Exchange Bank (Santa Rosa CA) 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 Exchange Bank (Santa Rosa CA)'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.
Exchange Bank (Santa Rosa CA) has a total score of 4/6, 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.

Health

 How is Exchange Bank (Santa Rosa CA)'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 Exchange Bank (Santa Rosa CA)'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 Exchange Bank (Santa Rosa CA) Company Filings, last reported 2 months ago.

OTCPK:EXSR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 242.89 0.00 94.63
2018-12-31 231.57 0.00 197.12
2018-09-30 220.53 0.00 87.57
2018-06-30 214.34 0.00 195.33
2018-03-31 208.20 0.00 315.69
2017-12-31 203.21 0.00 360.32
2017-09-30 206.11 2.00 126.18
2017-06-30 201.27 2.00 128.67
2017-03-31 194.95 8.00 145.53
2016-12-31 189.17 8.00 144.49
2016-09-30 187.27 8.00 141.26
2016-06-30 183.27 8.00 134.98
2016-03-31 178.62 8.00 192.44
2015-12-31 173.11 8.00 197.47
2015-09-30 173.82 8.00 186.19
2015-06-30 168.65 8.00 185.32
2015-03-31 165.80 22.00 179.92
2014-12-31 160.07 22.00 149.24
2014-09-30 159.28 24.00 117.63
2014-06-30 155.51 24.00 115.28
2014-03-31 150.68 24.00 143.71
2013-12-31 155.01 24.00 109.34
2013-09-30 150.72 28.00 117.98
2013-06-30 146.97 36.00 133.43
2013-03-31 158.40 38.00 178.03
2012-12-31 156.42 38.00 154.46
2012-09-30 152.77 39.00 131.94
2012-06-30 167.68 39.00 143.49
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.
  • Exchange Bank (Santa Rosa CA) has an acceptable proportion of non-loan assets held.
  • Exchange Bank (Santa Rosa CA)'s liabilities are made up of primarily low risk sources of funding.
  • Loans at Exchange Bank (Santa Rosa CA) are broadly funded by customer deposits.
  • Exchange Bank (Santa Rosa CA)'s level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Exchange Bank (Santa Rosa CA) has a sufficient allowance for bad loans.
  • Exchange Bank (Santa Rosa CA) has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Exchange Bank (Santa Rosa CA)'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. Exchange Bank (Santa Rosa CA) 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.

Dividends

 What is Exchange Bank (Santa Rosa CA)'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
2.7%
Current annual income from Exchange Bank (Santa Rosa CA) dividends.
If you bought $2,000 of Exchange Bank (Santa Rosa CA) shares you are expected to receive $54 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?
  • Exchange Bank (Santa Rosa CA)'s pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Exchange Bank (Santa Rosa CA)'s dividend is below the markets top 25% of dividend payers in United States of America (3.73%).
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:EXSR 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 479 Stocks 2.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2012 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
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.

OTCPK:EXSR Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-29 4.400 2.655
2019-02-22 4.200 2.520
2018-11-16 4.000 2.489
2018-08-24 3.800 2.120
2018-05-23 3.800 2.024
2018-04-25 3.800 2.161
2017-11-27 3.600 2.175
2017-08-24 3.400 2.260
2017-05-18 3.400 2.292
2017-03-03 3.200 2.242
2017-01-17 3.000 2.251
2016-08-23 2.800 2.764
2016-07-22 2.800 3.287
2016-02-24 2.600 3.085
2015-11-20 2.400 2.848
2015-08-19 2.200 2.567
2015-07-23 2.200 2.471
2015-02-24 2.000 2.435
2015-01-15 1.800 2.196
2010-04-16 0.000 0.000
2009-10-21 0.000 0.000
2009-07-30 0.000 0.000

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

  • Whilst dividend payments have been stable, Exchange Bank (Santa Rosa CA) has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Exchange Bank (Santa Rosa CA) only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Exchange Bank (Santa Rosa CA)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.4x coverage).
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 Exchange Bank (Santa Rosa CA)'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 Exchange Bank (Santa Rosa CA) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Exchange Bank (Santa Rosa CA) has a total score of 2/6, see the detailed checks below.


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

Management

 What is the CEO of Exchange Bank (Santa Rosa CA)'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
Gary Hartwick
TENURE AS CEO 5.3 years
CEO Bio

Gary T. Hartwick was elected to the Board of Exchange Bank (“Bank”) in 2014 when he was appointed President and Chief Executive Officer. He joined the Bank in 2009 and has served as chief credit officer and chief operating officer. Mr. Hartwick is a graduate of California State University Sacramento and the Pacific Coast Banking School. His community activities include serving as a board member for the Volunteer Center of Sonoma County and the Redwood Empire Food Bank. He is also an Advisory Board member for the Boys & Girls Club of South Sonoma and Marin Counties and a former member of the board at the Luther Burbank Center for the Arts.

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

Average tenure of the Exchange Bank (Santa Rosa CA) management team in years:

4.6
Average Tenure
  • The tenure for the Exchange Bank (Santa Rosa CA) management team is about average.
Management Team

Gary Hartwick

TITLE
President
TENURE
5.3 yrs

Greg Jahn

TITLE
Executive VP
TENURE
11.4 yrs

Rich Lewis

TITLE
Senior VP & Chief Information Officer

Ed Gomez

TITLE
Senior VP & Senior Credit Officer of Commercial Lending

Steve Herron

TITLE
Senior VP & Commercial Banking Manager

Ann Hudson

TITLE
Senior Vice President of Retail Banking
TENURE
3.9 yrs

Craig Bainbridge

TITLE
Senior VP and Product Innovation & Delivery Manager

John Mackey

TITLE
Senior VP and MD of Investment & Fiduciary Services
TENURE
2.3 yrs

Howard Daulton

TITLE
Senior VP and Corporate & Business Development Manager
TENURE
8.4 yrs

Rick Mossi

TITLE
Senior VP & Retail Delivery Group Manager
TENURE
1.2 yrs
Board of Directors Tenure

Average tenure of the Exchange Bank (Santa Rosa CA) board of directors in years:

9.5
Average Tenure
  • The tenure for the Exchange Bank (Santa Rosa CA) board of directors is about average.
Board of Directors

Bill Schrader

TITLE
Chairman of the Board
TENURE
5.3 yrs

Gary Hartwick

TITLE
President
TENURE
5.4 yrs

James Ryan

TITLE
Vice Chairman of the Board
TENURE
9.5 yrs

Marlene Soiland

TITLE
Corporate Secretary & Director
TENURE
22.4 yrs

Dante Benedetti

TITLE
Director
TENURE
17.4 yrs

Bruce DeCrona

TITLE
Director
TENURE
5.4 yrs

Dan Libarle

TITLE
Director
AGE
77
TENURE
11.4 yrs

Carlos Tamayo

TITLE
Director
TENURE
15.4 yrs

Richard Abbey

TITLE
Director
TENURE
9.4 yrs

Steve Dutton

TITLE
Director
TENURE
5.4 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 Exchange Bank (Santa Rosa CA)'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. Exchange Bank (Santa Rosa CA) 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.

News

Simply Wall St News

Company Info

Description

Exchange Bank (Santa Rosa, CA), together with its subsidiaries, provides commercial and retail banking services to individuals and businesses in California. It offers personal banking products and services, including checking and savings accounts; home loans, home equity lines of credit, auto loans, unsecured personal loans, personal lines of credit, and home equity loans; and community rebuild loan programs. The company also provides business banking products and services, such as business checking and savings accounts; merchant services; business equipment leasing; and commercial real estate and construction loans, small business administration loans, and lease financing, as well as vineyard, winery, and agriculture loans. In addition, it offers credit cards; online and mobile banking services; and personal trust administration and investment management services, as well as retirement plans and individual retirement accounts. The company was founded in 1890 and is headquartered in Santa Rosa, California.

Details
Name: Exchange Bank (Santa Rosa, CA)
EXSR
Exchange: OTCPK
Founded: 1890
$279,382,000
1,714,000
Website: http://www.exchangebank.com
Address: Exchange Bank (Santa Rosa, CA)
PO Box 403,
Santa Rosa,
California, 95402,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK EXSR Common Stock Pink Sheets LLC US USD 06. Jan 1975
Number of employees
Current staff
Staff numbers
400
Exchange Bank (Santa Rosa CA) employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/23 23:37
End of day share price update: 2019/06/21 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.