EX-99.1 2 f53780exv99w1.htm EX-99.1 exv99w1
Exhibit 99.1
UNITED STATES BANKRUPTCY COURT
EASTERN DISTRICT OF CALIFORNIA
 
In re: Capital Corp of the West   Case no.: 09-14298-B-11F
 
    MONTHLY REPORT OF
OPERATIONS
MONTH ENDING 30-Sep 2009
     Debtor in possession hereby submits its Monthly Report on the Cash Basis of accounting.
CASH BASIS
     Attached hereto are the following schedules:
     
A.  Cash Receipts and Cash Disbursements
  X
B.  Summary of Receipts & Disbursements to Date
  X
C.  Balance in Debtor in Possession Account
  X
D.  Balance in Tax Account
  N/A
E.  Balance in Citibank DIP Account
  X
F.  Post Petition Debts
  N/A
G.  Accounts Receivable Balance
  N/A
H.  Inventory Balance
  N/A
I.   Federal and State Taxes
  N/A
J.   Monthly Operating Statement Questionnaire
  X
K.  Other Appropriate Schedules
  X
NOTES:  Schedules A, B, C, F, I & J MUST be filed.
 
  Attach Schedules D, E, G, H & K if they are maintained in the ordinary course of the business.
(MOR-1:6/90)

 


 

SCHEDULE A
CASH RECEIPTS AND DISBURSEMENTS
RECEIPTS
                 
Cash sales
    N/A          
 
             
Rents collected
    N/A          
 
             
Accounts receivable collected
             
 
             
Other receipts (describe):
               
a.
               
 
             
b.
               
 
             
 
             
1. TOTAL RECEIPTS
          $  
 
             
DISBURSEMENTS
                 
Payments to vendors for merchandise
    N/A          
 
             
Net payroll paid
    52,981.30          
 
             
Payroll taxes paid/deposited to tax account:
               
Employee withholdings
    N/A          
 
             
Employer portion
    N/A          
 
             
Sales taxes paid/deposited to tax account
    N/A          
 
             
Other disbursements (describe):
               
 
             
a. Computer & Internet Costs
  $ 308.39          
 
             
b. Office Supplies
    522.52          
 
             
c. Travel Expenses
             
 
             
d. Public Disclosure Issuance Costs
             
 
             
e. Rent Expense
    1,280.00          
 
             
f. Telephone Expense
    100.82          
 
             
g. General Liability Insurance
             
 
             
h. U. S Trustee Fees
             
 
             
i. Shareholder Registrationh & Maintenance
             
 
             
j. Tax Return Preparation
    14,720.00          
 
             
k. Creditor’s Committee Legal Fees
             
l. Director Fees
    2,100.00          
 
             
Miscellaneous (attach listing)
               
 
             
Living allowance or draw
    N/A          
 
             
2. TOTAL DISBURSEMENTS
          $ 72,013.03  
 
             
3. Receipts OVER or (UNDER) disbursements
          $ 72,013.03  
 
             
(MOR-l:6/90)

 


 

SCHEDULE B
SUMMARY OF CASH TRANSACTIONS
SINCE FILING PETITION
         
4. Total receipts to date
  $  
 
     
(Prior month Schedule B line 4 plus current month Schedule A line 1)
       
5. Total disbursements to date
  $  
 
     
(Prior month Schedule B line 5 plus current month Schedule A line 2)
       
6. Net receipts over (under) disbursements
  $  
 
     
SCHEDULE C — SEE ATTACHED SPREADSHEET
BALANCE IN DEBTOR IN POSSESSION ACCOUNT
         
Balance at end of last month
  $ 6,908,036.72  
 
     
Net transactions for this month (Line 3 — Schedule A)
    (72,013.03
 
     
Balance at end of this month
  $ 6,836,023.69  
 
     
SCHEDULE D — SEE ATTACHED SPREADSHEET
BALANCE IN TAX ACCOUNT
         
Balance at end of last month
  $  
 
     
Add deposits from general account
     
 
     
Subtotal
  $  
 
     
Deduct payments to taxing agencies
       
 
     
Balance at end of this month
  $  
 
     
SCHEDULE E — SEE ATTACHED SPREADSHEET
BALANCE IN
____________________ ACCOUNTS
         
Balance at end of last month
  $  
 
     
Add deposits from general account
     
 
     
Subtotal
  $  
 
     
Deduct disbursements
     
 
     
Balance at end of this month
  $  
 
     
(MOR-1:6/90)

 


 

SCHEDULE F
POST PETITION DEBTS
         
Balance at end of last month---------- Not Applicable
  $  
 
     
Add debts incurred this month
       
 
     
Subtotal
  $  
 
     
Deduct payments made this month on this balance
     
Subtotal
  $  
 
     
Adjustments (Explain on separate sheet)
     
 
     
Balance at end of this month. (Attach listing)
  $  
 
     
SCHEDULE G
ACCOUNTS RECEIVABLE BALANCE
         
Balance of receivables at end of last month---------- Not Applicable
  $  
 
     
Add new receivables for this month
     
 
     
Subtotal
  $  
 
     
Deduct accounts collected (From Schedule A)
     
 
     
Subtotal
  $  
 
     
Adjustments (Explain on separate sheet)
     
 
     
Balance at end of this month (Attach listing)
  $  
 
     
SCHEDULE H
INVENTORY AND COST OF GOODS SOLD
         
Inventory balance at end of last month---------- Not Applicable
  $  
 
     
Add merchandise purchase
     
 
     
Total inventory available
  $  
 
     
Adjustments (Explain on separate sheet)
     
 
     
Less inventory balance at end of this month
     
 
     
Total (Cost of goods sold)
  $  
 
     
(MOR-1:6/90)

 


 

SCHEDULE I
FEDERAL AND STATE TAXES
         
1. Tax balance at end of last month---------- Not Applicable
  $  
 
     
PAYROLL TAX LIABILITY THIS MONTH:
Period:      o Weekly      o Biweekly     o Semimonthly      o Monthly
Fed. Employer or S.S. #                                EDD ID#                     
                 
Withholdings:
               
Federal income tax
  $          
 
             
FICA withheld
               
 
             
State income tax
               
 
             
State disability
               
 
             
Employer tax liability:
               
FICA
               
 
             
Federal unemployment
               
 
             
State unemployment
               
 
             
2. Total payroll taxes due
          $  
 
             
SALES TAX LIABILITY THIS MONTH:
State Board of Equalization ID#                                                        
                 
Sales tax liability
  $          
 
             
Other (excise, city, business, etc.)
               
 
             
3. Total sales taxes due
          $  
 
             
SUMMARY OF TAX PAYMENTS MADE THIS MONTH:
                                 
Payee   Date Paid     Bank Acct. #     Check #     Amount  
 
                          $  
 
                       
 
                               
 
                       
 
                               
 
                       
 
                               
 
                       
 
                               
 
                       
 
                               
4. Total payments made           $  
 
                             
Tax balance at end of this month (add line 1+2+3 less line 4)   $  
 
                             
(MOR-1:6/90)

 


 

SCHEDULE J
MONTHLY OPERATING STATEMENT QUESTIONNAIRE
             
    Yes   No   N/A
1. Copies of checkbooks or receipts and disbursements listings attached:
           
Debtor in possession account (Activated As Of June 5)
  þ   o   o
Tax account
  o   o   þ
Other account
  o   o   þ
2. Listing of unpaid post-petition debts
(include unpaid professional fees and interest owed)
  o   o   þ
3. Have any payments been made to secured creditors or lessors?
(If yes attach listing of payments made)
  o   þ    
4. (a) Have any payments been made to officers, shareholders, insiders, relatives or professionals? See Attached Payroll Summaries
(If yes attach listing of payments made)
  þ   o    
(b) Were these payments approved by the court?
  þ   o    
5. (a) Have any payments been made on prepetition debts?
(If yes attach listing of payments made)
  o   þ    
(b) Were these payments approved by the court?
           
6. Do you carry insurance coverage of any kind?
  þ   o    
Attach copies of declaration pages (Data Previously Provided)
Note: If you have previously submitted copies of declaration pages & there have been no changes in coverage initial here (no copies needed)
           
7. Have U.S. Trustee quarterly fees been paid?
(If yes attach listing of payments made)
(If no — attach explanation)
  þ   o    
DECLARATION OF DEBTOR
I certify under penalty of perjury that the foregoing is true and correct.
     
October 13, 2009
 
Execution Date
  /s/ David A. Heaberlin
 
Debtor in Possession (Signature)
I have reviewed the Monthly Report of Operations and, after making reasonable inquiry, believe
that the information is true and correct.
/s/ David A. Heaberlin
 
(Signature of Preparer — Attorney or Accountant)
(MOR-1:6/90)

 


 

Capital Corp of the West
09-14298-B-11F
                                         
Cash/Bank Account   Beginning Balance                   Transfers   Ending Balance
Bank & Acct #   31-Jul-09   Receipts   Disbursements   in (+)/out (-)   31-Aug-09
Citibank DIP Accounts (Active as of June 4,
2009):
  $                             $  
Operating A/C # 9951707360
  $ 6,482,597.21     $     $ 72,013.03     $   $ 6,410,584.18  
Federal Tax Refund A/C # 9951707387 (See Note 7 Below)
  $ 50,000.00     $     $     $     $ 50,000.00  
California Tax Refund A/C # 9951707416 (See Note 7 Below)
  $ 100.00     $     $     $     $ 100.00  
Insurance Refund A/C # 9951707424 (See Note 7 Below)
  $ 375,339.51     $     $     $     $ 375,339.51  
 
  $                             $  
     
Total
  $ 6,908,036.72     $     $ 72,013.03     $     $ 6,836,023.69  
     
 
Notes:
 
1.   All cash accounts (including petty cash) should be reflected on spreadsheet
 
2.   Transfers must total zero
 
3.   Total ending cash on hand must be supported by detailed registers, bank recs, balance sheet, etc.
 
4.   Net change in cash (receipts less disbursements) must be supported by detailed registers and Schedule A.
 
5.   Schedules C, D and/or E need not be completed if this spreadsheet is used. Notation should be made on Schedules C, D and/or E to “see attached spreadsheet.”
 
6.   Beg balance must agree with the prior month’s ending balance or, for the first month only, this amount should agree with the cash on hand as of the filing date.
 
7.   The Debtor has established segregated bank accounts to hold various funds for which there may be potential competing claims. These accounts (see above analysis) have been established primarily for certain anticipated Federal Income Tax refunds, California State Tax refunds and Insurance refunds. The FDIC has asserted a claim for some or all of these refunds that are ultimately received by the Debtor. The Debtor has previously received a $50,000 Federal Income Tax refund and, in August, received $375,239.51 in Insurance refunds. These August Insurance refunds included $336,988.51 in proceeds related to certain life insurance policies surrendered by County Bank prior to its seizure by the FDIC. These life insurance proceeds were related to certain Supplemental Retirement Plan benefits provided to certain Debtor and County Bank executives under a Rabbi Trust Agreement that provides the assets of the Trust are owned both by the Debtor and County Bank. The remainder of the August Insurance refunds represents $38,251.00 in fire, crime and property insurance refunds on policies previously purchased by the Debtor.
 
8.   The Debtor has filed Federal and California tax refund requests in the amount of $10.056 milon and and $2.324 million, respectively. The Federal tax refund is currently anticipated to be received in early November while the California tax refunds are currently being subjected to a State of California examination which the Debtor hopes will be completed by December 31, 2009. The above amounts are based on the best information available from the Debtor’s accountants and tax consultants at this time. Given that the Debtor has not yet received these funds and the California refunds are being subjected to audit, the actual recovery on these tax refunds is still uncertain. Moreover, the FDIC has asserted a claim that some or all of these tax refunds are not the property of the Debtor, but instead are the property of the receivership of County Bank. The Debtor disputes this assertion and believes that all or a substantial part of these tax refunds are property of the estate and that any interest that County Bank may have in these tax refunds is owned by the Debtor. Given these uncertainities, these tax refunds have not been included in the Balance Sheet of the Debtor included herein. The Debtor expects to re-evaluate the appropriateness of the inclusion of same upon the actual receipt of these refunds.

 


 

4:08 PM
10/07/09
Cash Basis
Capital Corp of the West
Profit & Loss
September 2009
                         
    Sep 09     Aug 09     $ Change  
Income
                       
Refunds
                       
Insurance
    0.00       375,239.51       -375,239.51  
 
                 
Total Refunds
    0.00       375,239.51       -375,239.51  
 
                 
 
                       
Total Income
    0.00       375,239.51       -375,239.51  
 
                       
Expense
                       
Compensation Costs
    52,981.30       42,265.27       10,716.03  
Computer and Internet Expenses
    308.39       306.86       1.53  
Director Fees
    2,100.00       0.00       2,100.00  
 
                       
Office Supplies
    522.52       337.29       185.23  
Professional Fees
                       
Creditor’s Committee Legal Fees
    0.00       7,356.00       -7,356.00  
Tax Return Preparation
    14,720.00       42,500.00       -27,780.00  
 
                 
Total Professional Fees
    14,720.00       49,856.00       -35,136.00  
 
                       
Public Disclosure Issuance Cost
    0.00       1,625.00       -1,625.00  
Rent Expense
    1,280.00       1,280.00       0.00  
Shareholder Registration & Main
    0.00       814.00       -814.00  
Telephone Expense
    100.82       143.95       -43.13  
Travel Expense
    0.00       440.55       -440.55  
 
                 
Total Expense
    72,013.03       97,068.92       -25,055.89  
 
                 
 
                       
Net Income
    -72,013.03       278,170.59       -350,183.62  
 
                 

Page 1


 

4:10 PM
10/07/09
Cash Basis
Capital Corp of the West
Profit & Loss Detail
September 2009
                                                       
Type   Date   Num   Name   Memo   Clr   Split     Original Amount     Paid Amount     Balance  
Income
                                                0.00  
Expense
                                                   
Compensation Costs
                                               
Check
  9/1/2009   0000   Administaff   Week Ende       Opearting Ac     10,698.92       10,698.92       10,698.92  
Check
  9/9/2009   0000   Administaff   Week Ende       Opearting Ac     10,698.92       10,698.92       21,397.84  
Check
  9/15/2009   0000   Administaff   Week Ende       Opearting Ac     10,698.92       10,698.92       32,096.76  
Check
  9/21/2009   0000   Administaff   Week Ende       Opearting Ac     10,698.92       10,698.92       42,795.68  
Deposit
  9/29/2009           Deposit       Opearting Ac     -513.30       -513.30       42,282.38  
Check
  9/30/2009   0000   Administaff   Week Ende       Opearting Ac     10,698.92       10,698.92       52,981.30  
 
                                               
Total Compensation Costs
                                    52,981.30       52,981.30  
Computer and Internet Expenses
                                           
Check
  9/1/2009   5026   Comcast   September       Opearting Ac     308.39       308.39       308.39  
 
                                               
Total Computer and Internet Expenses
                                    308.39       308.39  
Director Fees
                                                   
Check
  9/15/2009   5027   Jerry E. Calister   July 7 & Sep       Opearting Ac     500.00       500.00       500.00  
Check
  9/15/2009   5028   Dorothy L. Bizzini   July 7 & Sep       Opearting Ac     400.00       400.00       900.00  
Check
  9/15/2009   5029   David X. Bonnar   July 7 & Sep       Opearting Ac     200.00       200.00       1,100.00  
Check
  9/15/2009   5030   Curtis R. Grant   July 7 & Sep       Opearting Ac     400.00       400.00       1,500.00  
Check
  9/15/2009   5031   John Fawcett   July 7 & Sep       Opearting Ac     400.00       400.00       1,900.00  
Check
  9/15/2009   5032   Curtis Riggs   July 7 & Sep       Opearting Ac     200.00       200.00       2,100.00  
 
                                               
Total Director Fees
                                    2,100.00       2,100.00  
Office Supplies
                                               
Check
  9/30/2009   5037   David Heaberlin           Opearting Ac     522.52       522.52       522.52  
 
                                               
Total Office Supplies
                                    522.52       522.52  
Professional Fees
                                               
Tax Return Preparation
                                               
Check
  9/15/2009   5033   Oregon Department   Tax Fees Due       Opearting Ac     80.00       80.00       80.00  
Check
  9/15/2009   5034   The Stanislaus Allia   Tax Credit V       Opearting Ac     140.00       140.00       220.00  
Check
  9/21/2009   5036   Perry Smith LLP   California &       Opearting Ac     14,500.00       14,500.00       14,720.00  
 
                                               
Total Tax Return Preparation
                                    14,720.00       14,720.00  
 
                                               
Total Professional Fees
                                    14,720.00       14,720.00  
Rent Expense
                                               
Check
  9/1/2009   5025   Bear Breek Plaza   VOID: Septe   X   Opearting Ac     0.00       0.00       0.00  
Check
  9/21/2009   5035   Bear Breek Plaza   September       Opearting Ac     1,280.00       1,280.00       1,280.00  
 
                                               
Total Rent Expense
                                    1,280.00       1,280.00  
Telephone Expense
                                               
Check
  9/30/2009   5037   David Heaberlin           Opearting Ac     100.82       100.82       100.82  
 
                                               
Total Telephone Expense
                                    100.82       100.82  
 
                                               
Total Expense
                                    72,013.03       72,013.03  
 
                                               
Net Income
                                    -72,013.03       -72,013.03  
 
                                               
Schedule J-Question 1

Page 1


 

     
WebPayroll — Invoice Report   Page 1 of 1
     
Invoice Report   (ADMINISTAFF LOGO)
     
CAPITAL CORP OF THE WEST (2606900)
  Invoice #: 3019976
2801 G ST
  Payroll Date: 09/4/2009
MERCED, CA95340-2133
  Payroll #: 1
Payroll Contact: DAVID A HEABERLIN
  Payroll Type: REGULAR —1
Report Date: 9/1/2009
  Period: 08/29/2009 through 09/4/2009
                                     
Billing Groups:                            
No.   Name   No. EEs     Service Fee %     Payroll Gross     Total Cost  
0
  UNASSIGNED     2       6.99     $ 10,000.00     $ 10,698.92  
 
                                   
Total Summary:
        2             $ 10,000.00     $ 10,698.92  
 
                                   
Total additional charges or credits:
                              $ 0.00  
Payroll amount due from client:
                              $ 10,698.92  
 
                                   
TOTAL amount due from client:
                              $ 10,698.92  
                                                         
        Check #   Check #                                  
Employees   Status   Non DD   DD     Prev/Curr     W/C Code     W/C State   Benefits   Service Fee     Payroll Gross  
CUPP, RICHARD
  DD/EP         0       0/0       8810C     CA   I     11.29 %   $ 2,000.00  
HEABERLIN, DAVID
  DD/EP         0       0/0       8810C     CA   S     5.92 %   $ 8,000.00  
 
Direct Deposit Gross Pay:
                                          $ 10,000.00  
Check Gross Pay:
                                          $ 0.00  
                 
Non DD
  NonDirect Deposit       E   Employee Coverage
DD
  Direct Deposit       S   Employee & Spouse Coverage
D
  Dental Only       C   Employee & Child Coverage
NH
  New Hire       F   Employee & Family Coverage
EP
  EPaystub       K   Employee & Children Coverage
C
  W/C Cap       W   Coverage Waived
 
          I   Coverage Not Available
Schedule J - Question 4(a)
Payroll Date - September 4, 2009


 

WebPayroll — Invoice Report   Page 1 of 1
     
Invoice Report   (ADMINISTAFF LOGO)
     
CAPITAL CORP OF THE WEST (2606900)
  Invoice #: 3022727
2801 G ST
  Payroll Date: 09/11/2009
MERCED, CA95340-2133
  Payroll #: 1
Payroll Contact: DAVID A HEABERLIN
  Payroll Type: REGULAR — 1
Report Date: 9/8/2009
  Period: 09/5/2009 through 09/11/2009
                                     
Billing Groups:                              
No.   Name   No. EEs     Service Fee %     Payroll Gross     Total Cost  
0
  UNASSIGNED     2       6.99     $ 10,000.00     $ 10,698.92  
 
                                   
Total Summary:
        2             $ 10,000.00     $ 10,698.92  
 
                                   
Total additional charges or credits:
                              $ 0.00  
Payroll amount due from client:
                              $ 10,698.92  
 
                                   
TOTAL amount due from client:
                              $ 10,698.92  
                                                                         
            Check #     Check #                                      
Employees   Status     Non DD     DD     Prev/Curr     W/C Code     W/C State     Benefits     Service Fee     Payroll Gross  
CUPP, RICHARD
  DD/EP             0       0/0       8810C     CA     I       11.29 %   $ 2,000.00  
HEABERLIN, DAVID
  DD/EP             0       0/0       8810C     CA     S       5.92 %   $ 8,000.00  
 
                                                                       
Direct Deposit Gross Pay:
                                                          $ 10,000.00  
Check Gross Pay:
                                                          $ 0.00  
                 
Non DD
  Non Direct Deposit       E   Employee Coverage
DD
  Direct Deposit       S   Employee & Spouse Coverage
D
  Dental Only       C   Employee & Child Coverage
NH
  New Hire       F   Employee & Family Coverage
EP
  EPaystub       K   Employee & Children Coverage
C
  W/C Cap       W   Coverage Waived
 
          I   Coverage Not Available
Schedule J - Question 4(a)
Payroll Date - September 11, 2009


 

     
WebPayroll — Invoice Report   Page 1 of 1
     
Invoice Report   (ADMINISTAFF LOGO)
     
CAPITAL CORP OF THE WEST (2606900)
  Invoice #: 3028738
2801 G ST
  Payroll Date: 09/18/2009
MERCED, CA95340-2133
  Payroll #: 1
Payroll Contact: DAVID A HEABERLIN
  Payroll Type: REGULAR — 1
Report Date: 9/14/2009
  Period: 09/12/2009 through 09/18/2009
                                         
Billing Groups:                    
No.   Name     No. EEs     Service Fee %     Payroll Gross     Total Cost  
0
  UNASSIGNED     2       6.99     $ 10,000.00     $ 10,698.92  
 
                                       
Total Summary:     2             $ 10,000.00     $ 10,698.92  
 
                                       
Total additional charges or credits:           $ 0.00  
Payroll amount due from client:           $ 10,698.92  
 
                                       
TOTAL amount due from client:           $ 10,698.92  
                                                                         
            Check #     Check #                                      
Employees   Status     Non DD     DD     Prev/Curr     W/C Code     W/C State     Benefits     Service Fee     Payroll Gross  
CUPP, RICHARD
  DD/EP             0       0/0       8810C     CA     I       11.29 %   $ 2,000.00  
HEABERLIN, DAVID
  DD/EP             0       0/0       8810C     CA     S       5.92 %   $ 8,000.00  
 
                                                                       
Direct Deposit Gross Pay:                                                           $ 10,000.00  
Check Gross Pay:                                                           $ 0.00  
       
Non DD   
NonDirect Deposit E Employee Coverage
DD   
Direct Deposit S Employee & Spouse Coverage
D   
Dental Only C Employee & Child Coverage
NH   
New Hire F Employee & Family Coverage
EP   
EPaystub K Employee & Children Coverage
C   
W/C Cap W Coverage Waived
 
  I Coverage Not Available
Schedule J - Question 4(a)
Payroll Date - September 18, 2009

 


 

     
WebPayroll — Invoice Report   Page 1 of 1
     
Invoice Report   (ADMINISTAFF LOGO)
     
CAPITAL CORP OF THE WEST (2606900)
  Invoice #: 3032045
2801 G ST
  Payroll Date: 09/25/2009
MERCED, CA95340-2133
  Payroll #: 1
Payroll Contact: DAVID A HEABERLIN
  Payroll Type: REGULAR — 1
Report Date: 9/21/2009
  Period: 09/19/2009 through 09/25/2009
                                         
Billing Groups:                    
No.   Name     No. EEs     Service Fee %     Payroll Gross     Total Cost  
0
  UNASSIGNED     2       6.99     $ 10,000.00     $ 10,698.92  
 
                                       
Total Summary:     2             $ 10,000.00     $ 10,698.92  
 
                                       
Total additional charges or credits:           $ 0.00  
Payroll amount due from client:           $ 10,698.92  
 
                                       
TOTAL amount due from client:           $ 10,698.92  
                                                                         
            Check #     Check #                                      
Employees   Status     Non DD     DD     Prev/Curr     W/C Code     W/C State     Benefits     Service Fee     Payroll Gross  
CUPP, RICHARD
  DD/EP             0       0/0       8810C     CA     I       11.29 %   $ 2,000.00  
HEABERLIN, DAVID
  DD/EP             0       0/0       8810C     CA     S       5.92 %   $ 8,000.00  
 
                                                                       
Direct Deposit Gross Pay:                                                           $ 10,000.00  
Check Gross Pay:                                                           $ 0.00  
       
Non DD   
NonDirect Deposit E Employee Coverage
DD   
Direct Deposit S Employee & Spouse Coverage
D   
Dental Only C Employee & Child Coverage
NH   
New Hire F Employee & Family Coverage
EP   
EPaystub K Employee & Children Coverage
C   
W/C Cap W Coverage Waived
 
  I Coverage Not Available
Schedule J - Question 4(a)
Payroll Date - September 25, 2009

 


 

     
WebPayroll — Invoice Report   Page 1 of 1
     
Invoice Report   (ADMINISTAFF LOGO)
     
CAPITAL CORP OF THE WEST (2606900)
  Invoice #: 3037814
2801 G ST
  Payroll Date: 10/2/2009
MERCED, CA95340-2133
  Payroll #: 1
Payroll Contact: DAVID A HEABERLIN
  Payroll Type: REGULAR — 1
Report Date: 9/28/2009
  Period: 09/26/2009 through 10/2/2009
                                         
Billing Groups:                    
No.   Name     No. EEs     Service Fee %     Payroll Gross     Total Cost  
0
  UNASSIGNED     2       6.99     $ 10,000.00     $ 10,698.92  
 
                                       
Total Summary:     2             $ 10,000.00     $ 10,698.92  
 
                                       
Total additional charges or credits:           $ 0.00  
Payroll amount due from client:           $ 10,698.92  
 
                                       
TOTAL amount due from client:           $ 10,698.92  
                                                                         
            Check #     Check #                                      
Employees   Status     Non DD     DD     Prev/Curr     W/C Code     W/C State     Benefits     Service Fee     Payroll Gross  
CUPP, RICHARD
  DD/EP             0       0/0       8810C     CA     I       11.29 %   $ 2,000.00  
HEABERLIN, DAVID
  DD/EP             0       0/0       8810C     CA     S       5.92 %   $ 8,000.00  
 
                                                                       
Direct Deposit Gross Pay:                                                           $ 10,000.00  
Check Gross Pay:                                                           $ 0.00  
       
Non DD   
NonDirect Deposit E Employee Coverage
DD   
Direct Deposit S Employee & Spouse Coverage
D   
Dental Only C Employee & Child Coverage
NH   
New Hire F Employee & Family Coverage
EP   
EPaystub K Employee & Children Coverage
C   
W/C Cap W Coverage Waived
 
  I Coverage Not Available
Schedule J - Question 4(a)
Payroll Date - September 2, 2009

 


 

4:01 PM
10/07/09
Cash Basis
Capital Corp of the West
Balance Sheet
As of September 30, 2009
                         
    Sep 30, 09   Aug 31, 09   $ Change
ASSETS
                       
Current Assets
                       
Checking/Savings
                       
Citibank -Debtor In Possession
                       
CA State Tax Refund Acct
    100.00       100.00       0.00  
Federal Tax Refund Acct
    50,000.00       50,000.00       0.00  
Insurance Refund Acct
    375,339.51       375,339.51       0.00  
Opearting Account
    6,410,584.18       6,482,597.21       -72,013.03  
 
                       
Total Citibank -Debtor In Possession
    6,836,023.69       6,908,036.72       -72,013.03  
 
                       
 
                       
Total Checking/Savings
    6,836,023.69       6,908,036.72       -72,013.03  
 
                       
 
                       
Total Current Assets
    6,836,023.69       6,908,036.72       -72,013.03  
 
Fixed Assets
                       
Furniture and Equipment
                       
Computers
    4,299.75       4,299.75       0.00  
Furniture
    1,662.38       1,662.38       0.00  
 
                       
Total Furniture and Equipment
    5,962.13       5,962.13       0.00  
 
                       
 
                       
Total Fixed Assets
    5,962.13       5,962.13       0.00  
 
                       
 
                       
TOTAL ASSETS
    6,841,985.82       6,913,998.85       -72,013.03  
 
                       
LIABILITIES & EQUITY
                       
Liabilities
                       
Current Liabilities
                       
Other Current Liabilities
                       
Undisputed Claims Received
                       
Bay View — Deferred Purchase
                       
Deferred Puchase Price
    1,373,139.48       0.00       1,373,139.48  
Interest on Deferral
    130,880.88       0.00       130,880.88  
 
                       
Total Bay View — Deferred Purchase
    1,504,020.36       0.00       1,504,020.36  
 
                       
Compensation Related Claims
    1,879,853.00       0.00       1,879,853.00  
County Staturtory Trust I
                       
Interest
    751,608.00       0.00       751,608.00  
Principal
    6,186,000.00       6,186,000.00       0.00  
 
                       
Total County Staturtory Trust I
    6,937,608.00       6,186,000.00       751,608.00  
 
                       
County Statutory Trust II
                       
Interest
    537,166.00       0.00       537,166.00  
Principal
    10,310,000.00       10,310,000.00       0.00  
 
                       
Total County Statutory Trust II
    10,847,166.00       10,310,000.00       537,166.00  
 
                       
County Statutory Trust III
                       
Interest
    744,779.00       0.00       744,779.00  
Principal
    15,464,000.00       15,464,000.00       0.00  
 
                       
Total County Statutory Trust III
    16,208,779.00       15,464,000.00       744,779.00  
 
                       
County Statutory Trust IV
                       
Interest
    1,752,346.00       0.00       1,752,346.00  
Principal
    25,774,000.00       25,774,000.00       0.00  
 
                       
Total County Statutory Trust IV
    27,526,346.00       25,774,000.00       1,752,346.00  
 
                       
Creditor Claims
    19,167.00       0.00       19,167.00  
 
                       
Total Undisputed Claims Received
    64,922,939.36       57,734,000.00       7,188,939.36  
 
                       
 
                       
Total Other Current Liabilities
    64,922,939.36       57,734,000.00       7,188,939.36  
 
                       
 
                       
Total Current Liabilities
    64,922,939.36       57,734,000.00       7,188,939.36  
 
                       
 
                       
Total Liabilities
    64,922,939.36       57,734,000.00       7,188,939.36  
 
                       
Equity
                       
Opening Balance Equity
    -64,922,939.36       -57,734,000.00       -7,188,939.36  
Net Income
    6,841,985.82       6,913,998.85       -72,013.03  
 
                       
Total Equity
    -58,080,953.54       -50,820,001.15       -7,260,952.39  
 
                       
 
                       
TOTAL LIABILITIES & EQUITY
    6,841,985.82       6,913,998.85       -72,013.03  
 
                       

Page 1


 

1:42 PM
10/07/09
Capital Corp of the West
Reconciliation Detail
Opearting Account, Period Ending 09/30/2009
                                     
Type   Date   Num   Name   Clr   Amount   Balance
Beginning Balance             6,110,088.20  
Cleared Transactions
               
Checks and Payments — 19 items
               
Check
  8/28/2009     5022     Bowne of Los Angel   X     -1,625.00       -1,625.00  
Check
  8/28/2009     5024     David Heaberlin   X     -821.91       -2,446.91  
Check
  8/28/2009     5023     Computershare   X     -814.00       -3,260.91  
Check
  9/1/2009     0000     Administaff   X     -10,698.92       -13,959.83  
Check
  9/1/2009     5026     Comcast   X     -308.39       -14,268.22  
Check
  9/9/2009     0000     Administaff   X     -10,698.92       -24,967.14  
Check
  9/15/2009     0000     Administaff   X     -10,698.92       -35,666.06  
Check
  9/15/2009     5027     Jerry E. Calister   X     -500.00       -36,166.06  
Check
  9/15/2009     5031     John Fawcett   X     -400.00       -36,566.06  
Check
  9/15/2009     5030     Curtis R. Grant   X     -400.00       -36,966.06  
Check
  9/15/2009     5028     Dorothy L. Bizzini   X     -400.00       -37,366.06  
Check
  9/15/2009     5029     David X. Bonnar   X     -200.00       -37,566.06  
Check
  9/15/2009     5032     Curtis Riggs   X     -200.00       -37,766.06  
Check
  9/15/2009     5034     The Stanislaus Allia   X     -140.00       -37,906.06  
Check
  9/15/2009     5033     Oregon Department   X     -80.00       -37,986.06  
Check
  9/21/2009     5036     Perry Smith LLP   X     -14,500.00       -52,486.06  
Check
  9/21/2009     0000     Administaff   X     -10,698.92       -63,184.98  
Check
  9/21/2009     5035     Bear Breek Plaza   X     -1,280.00       -64,464.98  
Check
  9/30/2009     0000     Administaff   X     -10,698.92       -75,163.90  
 
                                   
Total Checks and Payments
    -75,163.90       -75,163.90  
Deposits and Credits — 5 items
               
Deposit
  8/31/2009               X     530.41       530.41  
Deposit
  8/31/2009               X     38,251.00       38,781.41  
Deposit
  8/31/2009               X     336,988.51       375,769.92  
Check
  9/1/2009     5025     Bear Breek Plaza   X     0.00       375,769.92  
Deposit
  9/29/2009               X     513.30       376,283.22  
 
                                   
Total Deposits and Credits
    376,283.22       376,283.22  
 
                                   
Total Cleared Transactions
    301,119.32       301,119.32  
 
                                   
Cleared Balance     301,119.32       6,411,207.52  
Uncleared Transactions
               
Checks and Payments — 1 item
               
Check
  9/30/2009     5037     David Heaberlin         -623.34       -623.34  
 
                                   
Total Checks and Payments
    -623.34       -623.34  
 
                                   
 
                                   
Total Uncleared Transactions
    -623.34       -623.34  
 
                                   
Register Balance as of 09/30/2009     300,495.98       6,410,584.18  
New Transactions
               
Checks and Payments — 4 items
               
Check
  10/1/2009     5038     Bear Breek Plaza         -1,280.00       -1,280.00  
Check
  10/6/2009     5041     Bowne of Los Angel         -2,315.00       -3,595.00  
Check
  10/6/2009     5040     Comcast         -309.95       -3,904.95  
Check
  10/6/2009     5039     AT Conference         -201.54       -4,106.49  
 
                                   
Total Checks and Payments
    -4,106.49       -4,106.49  
 
                                   
 
                                   
Total New Transactions
    -4,106.49       -4,106.49  
 
                                   
 
                                   
Ending Balance     296,389.49       6,406,477.69  
 
                                   
DIP Operating Account
September Reconciliation

Page 1


 

     
Citibank Client Services 587
  000001/R1/20F000/0
PO Box 769013
  014
San Antonio, TX 78245-9013
  CITIBANK, N. A.
 
  Account
 
  9951707360
DIP-CAPITAL CORP OF THE WEST-DIP
  Statement Period
OPERATING ACCOUNT
  Sept. 1 - Sept. 30, 2009
C/O DAVID HEABERLIN
  Relationship Manager
2801 G STREET
  Gaudino, Bruce
MERCED                    CA 95340
  (212) 559-6055
Page 1 of 3
CitiBusiness® ACCOUNT AS OF SEPTEMBER 30, 2009
         
Relationship Summary:
       
 
 
       
Checking
  $ 6,836,647.03  
 
Savings
     
 
Investments
(not FDIC insured)
     
 
Checking Plus
     
 
         
Checking   Balance  
 
CitiBusiness Checking 9951707360
  $ 6,411,207.52  
CitiBusiness Checking 9951707387
  $ 50,000.00  
CitiBusiness Checking 9951707416
  $ 100.00  
CitiBusiness Checking 9951707424
  $ 375,339.51  
 
Total Checking at Citibank
  $ 6,836,647.03  

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SERVICE CHARGE SUMMARY FROM AUGUST 1, 2009 THRU AUGUST 31, 2009
                         
Type of Charge   No./Units     Price/Unit     Amount  
 
 
                       
CITIBUSINESS CHECKING # 9951707360
                       
 
                       
Average Daily Collected Balance
                  $ 6,523,974.47  
 
                       
DEPOSIT SERVICES
                       
MONTHLY MAINTENANCE FEE
    1       20.0000       20.00  
CHECKS PAID
    7       .2000       1.40  
 
                       
CITIBUSINESS ONLINE
                       
CBOL — OUT. DOMESTIC WIRE TXFR
    4       12.5000       50.00  
 
                       
Total Charges for Services
                  $ 71.40  
 
                       
CITIBUSINESS CHECKING # 9951707387
                       
 
                       
Average Daily Collected Balance
                  $ 50,000.00  
 
                       
DEPOSIT SERVICES
                       
MONTHLY MAINTENANCE FEE
    1       20.0000       20.00  
 
                       
Total Charges for Services
                  $ 20.00  

 


 

             
DIP-CAPITAL CORP OF THE WEST-DIP
  Account 9951707360   Page 2 of 3   000002/R1/20F000/0
OPERATING ACCOUNT
  Statement Period — Sept. 1 - Sept, 30, 2009  
SERVICE CHARGE SUMMARY FROM AUGUST 1, 2009 THRU AUGUST 31, 2009
                         
Type of Charge   No./Units     Price/Unit     Amount  
 
 
                       
CITIBUSINESS CHECKING # 9951707416
                       
 
                       
Average Daily Collected Balance
                  $ 80.64  
 
                       
DEPOSIT SERVICES
                       
MONTHLY MAINTENANCE FEE
    1       20.0000       20.00  
 
                       
Total Charges for Services
                  $ 20.00  
 
                       
CITIBUSINESS CHECKING # 9951707424
                       
 
                       
Average Daily Collected Balance
                  $ 12,185.14  
 
                       
DEPOSIT SERVICES
                       
MONTHLY MAINTENANCE FEE
    1       20.0000       20.00  
 
                       
Total Charges for Services
                  $ 20.00  
 
                       
Total Non-Interest Bearing Account Charges
                  $ 131.40  
 
                       
Average collected balances
                  $ 6,586,240.27  
Less 10% reserve requirement
                  $ 658,624.02  
Balances eligible for Earnings Credit
                  $ 5,927,616.25  
 
                       
Earnings Credit allowance at 0.50000%
                  $ 131.40 1
Charges Subject to Earnings Credit
                  $ 131.40  
 
                       
Net Service Charge
                  $ 0.00  
1 — Maximum Earnings Credit cannot exceed monthly fees eligible for offset
CHECKING ACTIVITY
             
CitiBusiness Checking
 
9951707360
  Beginning Balance:   $ 6,110,088.20  
 
  Ending Balance:   $ 6,411,207.52  
                                 
Date     Description   Debits     Credits     Balance  
 
  9/01    
DEPOSIT
            336,988.51       6,447,076.71  
  9/01    
DEPOSIT
            38,251.00       6,485,327.71  
  9/01    
DEPOSIT
            530.41       6,485,858.12  
  9/01    
CBUSOL TRANSFER DEBIT
    10,698.92               6,475,159.20  
       
000000     Sep 01
WIRE TO Administaff Companes, Inc.
                       
  9/01    
CHECK NO:     5022
    1,625.00               6,473,534.20  
  9/03    
CHECK NO:     5024
    821.91               6,472,712.29  
  9/04    
CHECK NO:     5023
    814.00               6,471,898.29  
  9/09    
CBUSOL TRANSFER DEBIT
    10,698.92               6,461,199.37  
       
000000     Sep 09
WIRE TO Administaff Companes, Inc.
                       
  9/10    
CHECK NO:     5026
    308.39               6,460,890.98  
  9/15    
CBUSOL TRANSFER DEBIT
    10,698.92               6,450,192.06  
       
000000     Sep 15
WIRE TO Administaff Companes, Inc.
                       
  9/18    
CHECK NO:     5027
    500.00               6,449,692.06  
  9/21    
CBUSOL TRANSFER DEBIT
    10,698.92               6,438,993.14  
       
000000     Sep 21
WIRE TO Administaff Companes, Inc.
                       
  9/21    
CHECK NO:     5028
    400.00               6,438,593.14  
  9/21    
CHECK NO:     5030
    400.00               6,438,193.14  
  9/21    
CHECK NO:     5031
    400.00               6,437,793.14  
  9/23    
CHECK NO:     5033
    80.00               6,437,713.14  
  9/24    
CHECK NO:     5036
    14,500.00               6,423,213.14  
  9/24    
CHECK NO:     5035
    1,280.00               6,421,933.14  
  9/28    
CHECK NO:     5034
    140.00               6,421,793.14  

 


 

             
DIP-CAPITAL CORP OF THE WEST-DIP
  Account 9951707360   Page 3 of 3   000003/R1/20F000/0
OPERATING ACCOUNT
  Statement Period — Sept. 1 - Sept. 30, 2009  
CHECKING ACTIVITY
                                 
Date     Description   Debits     Credits     Balance  
 
  9/29    
DEPOSIT
            513.30       6,422,306.44  
  9/30    
CBUSOL TRANSFER DEBIT
    10,698.92               6,411,607.52  
       
WIRE TO Administaff Companes, Inc.
                       
  9/30    
CHECK NO:     5029
    200.00               6,411,407.52  
  9/30    
CHECK NO:     5032
    200.00               6,411,207.52  
       
Total Debits/Credits
    75,163.90       376,283.22          
                                                                                               
Checks Paid
Check   Date   Amount     Check   Date   Amount     Check   Date   Amount     Check   Date   Amount
                   
5022
    9/01       1,625.00         5027       9/18       500.00         5031       9/21       400.00         5034       9/28       140.00  
5023
    9/04       814.00         5028       9/21       400.00         5032       9/30       200.00         5035       9/24       1,280.00  
5024
    9/03       821.91         5029       9/30       200.00         5033       9/23       80.00         5036       9/24       14,500.00  
5026*
    9/10       308.39         5030       9/21       400.00                                                      
 
*   Indicates gap in check number sequence      Number Checks Paid:      14 Totaling: $21,669.30
             
CitiBusiness Checking            
 
9951707387
  Beginning Balance:   $ 50,000.00  
 
  Ending Balance:   $ 50,000.00  
             
CitiBusiness Checking            
 
9951707416
  Beginning Balance:   $ 100.00  
 
  Ending Balance:   $ 100.00  
             
CitiBusiness Checking            
 
9951707424
  Beginning Balance:   $ 375,339.51  
 
  Ending Balance:   $ 375,339.51  
CUSTOMER SERVICE INFORMATION
         
IF YOU HAVE QUESTIONS ON:
  YOU CAN CALL:   YOU CAN WRITE:
 
       
Checking
  877-528-0990    Citibank Client Services
 
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  Impaired Customers Only   San Antonio, TX 78245-9013
 
  TDD: 800-945-0258)     
For change in address, call your account officer or visit your branch.