CAPITAL CORP OF THE WEST - FORM 8-K - EX-99.1

Attached files

file	filename
8-K - FORM 8-K - CAPITAL CORP OF THE WEST	f54334e8vk.htm
EX-99.3 - EX-99.3 - CAPITAL CORP OF THE WEST	f54334exv99w3.htm
EX-99.2 - EX-99.2 - CAPITAL CORP OF THE WEST	f54334exv99w2.htm
EX-99.4 - EX-99.4 - CAPITAL CORP OF THE WEST	f54334exv99w4.htm

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-Nov 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	1

B.	Summary of Receipts & Disbursements to Date	2

C.	Balance in Debtor in Possession Account	2

D.	Balance in Tax Account	2

E.	Balance in Citibank DIP Account	N/A

F.	Post Petition Debts	N/A

G.	Accounts Receivable Balance	N/A

H.	Inventory Balance	N/A

I.	Federal and State Taxes	4

J.	Monthly Operating Statement Questionnaire	5

K.	Other Appropriate Schedules	6

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.

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		33,365.24

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	$	3,149.69

b. Office Supplies		233.71

c. Travel Expenses		—

d. Public Disclosure Issuance Costs		10,475.49

e. Rent Expense		1,295.00

f. Telephone Expense		160.19

g. General Liability Insurance		—

h. U. S Trustee Fees		—

i. Shareholder Registration & Maintenance		995.00

j. Tax Return Preparation		70.00

k. Creditor’s Committee Legal Fees		—

1. Director Fees		—

Miscellaneous (attach listing)

Living allowance or draw		N/A

2. TOTAL DISBURSEMENTS			$	49,744.32

3. Receipts OVER or (UNDER) disbursements			$	(49,744.32	)

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)	$	439,653.55

5. Total disbursements to date (Prior month Schedule B line 5 plus current month Schedule A line 2)	$	410,683.15

6. Net receipts over (under) disbursements	$	28,970.40

SCHEDULE C — SEE ATTACHED SPREADSHEET BALANCE IN DEBTOR IN POSSESSION ACCOUNT

Balance at end of last month	$	6,781,488.85

Net transactions for this month (Line 3 - Schedule A)		(17,330.28	)

Balance at end of this month	$	6,764,158.57

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	$	—

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)	$	—

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)				$ —

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)*	X
	Tax account			X
	Other account			X

2.	Listing of unpaid post-petition debts			X
	(include unpaid professional fees and interest owed)

3.	Have any payments been made to secured creditors or lessors?		X
	(If yes — attach listing of payments made)

4.	(a) Have any payments been made to officers, shareholders, insiders,	X
	relatives or professionals? *See Attached Payroll Summaries*
	(If yes — attach listing of payments made)
	(b) Were these payments approved by the court?	X

5.	(a) Have any payments been made on prepetition debts?		X
	(If yes — attach listing of payments made)
	(b) Were these payments approved by the court?

6.	Do you carry insurance coverage of any kind?	X
	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?	X
	(If yes — attach listing of payments made)
	(If no — attach explanation)

DECLARATION OF DEBTOR

I certify under penalty of perjury that the foregoing is true and correct.


December 7, 2009		/s/ David A. Heaberlin

Execution Date		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, CFO

(Signature of Preparer — Attorney or Accountant)

Capital Corp of the West
09-14298-B-11F


Cash/Bank Account	Beginning Balance		(See Note 10)				Transfers		Ending Balance
Bank & Acct #	31-Oct-09		Receipts		Disbursements		in (+)/out (-)		30-Nov-09
Citibank DIP Accounts (Active as of June 4, 2009):	$	—							$	—
Operating A/C # 9951707360	$	6,356,049.34	$	32,414.04	$	49,744.32	$	—	$	6,338,719.06
Federal Tax Refund A/C # 9951707387 (See Note 7 Below)	$	50,000.00	$	—	$	—	$	—	$	50,000.00
California Tax Refund A/C # 9951707416	$	100.00	$	—	$	—	$	—	$	100.00
Insurance Refund A/C # 9951707424	$	375,339.51	$	—	$	—	$	—	$	375,339.51
	$	—							$	—

Total	$	6,781,488.85	$	32,414.04	$	49,744.32	$	—	$	6,764,158.57


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 pursuant to a Stipulation between Capital Corp of the West (the Debtor), the Creditor’s Committee and the Federal Deposit Insurance Corporation regarding certain Federal and State of California income tax refunds. This Stipulation was filed on October 20, 2009 and approved by the Court by an Order dated November 2, 2009. The Citibank Account No. 9951707387 (shown above) constitutes the Escrow Account pursuant to the Stipulation, pursuant to the Stipulation. As of November 30, 2009, a $50,000 Federal Income Tax 2008 related refund and a $30,800 California Tax 2008 related refund (See Note 10) represent the only refunds received by the Debtor thus far.

8.		The Debtor has filed Federal and California tax refund requests in the amount of $10,056 million and $2.324 million, respectively. The Federal tax refund is currently anticipated to be received in December or the First Quarter of 2010. The California tax refunds are currently being subjected to a State of California examination which the Debtor expects will be completed during the first quarter of 2010. 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. Given this uncertainty regarding the timing of the actual receipt and the issues discussed in the Stipulation, 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.

9.		The November 30, 2009 and the October 31, 2009 Balance Sheets reflect $3,500 in Priority Claims related to certain Deferred Compensation claims representing payments deferred within the six month period immediately preceding the Debtor’s Bankruptcy Petition.

10.		Receipts this month represent a $30,800 tax refund from the State of California related to the 2008 tax year and a $1,614.04 refund of an unused legal retainer from a law firm previously utilized by the Debtor.

Capital Corp of the West
Profit & Loss
November 2009

Cash Basis


	Nov 09		Oct 09		$ Change
Income
Refunds
Legal Fee Retainers		1,614.04		0.00		1,614.04
Tax Refunds
California Tax Refunds		30,800.00		0.00		30,800.00

Total Tax Refunds		30,800.00		0.00		30,800.00

Total Refunds		32,414.04		0.00		32,414.04

Total Income		32,414.04		0.00		32,414.04

Expense
Compensation Costs		33,365.24		42,279.51		-8,914.27
Computer and Internet Expenses		3,149.69		411.80		2,737.89
Office Supplies		233.71		278.38		-44.67
Professional Fees
Creditor’s Committee Legal Fees		0.00		4,167.45		-4,167.45
Tax Return Preparation		70.00		0.00		70.00

Total Professional Fees		70.00		4,167.45		-4,097.45

Public Disclosure Issuance Cost		10,475.49		3,840.00		6,635.49
Rent Expense		1,295.00		1,280.00		15.00
Shareholder Registration & Main		995.00		0.00		995.00
Telephone Expense		160.19		260.00		-99.81
Travel Expense		0.00		67.70		-67.70
U. S. Trustee Fees		0.00		1,950.00		-1,950.00

Total Expense		49,744.32		54,534.84		-4,790.52


Net Income		-17,330.28		-54,534.84		37,204.56


		Capital Corp of the West
		Profit & Loss Detail
Cash Basis		November 2009


Type	Date	Num	Name	Memo	Clr	Split	Original Amount		Paid Amount		Balance
Income
Refunds
Legal Fee Retainers
Deposit	11/10/2009			Rutan & Tuc		Opearting Ac		1,614.04		1,614.04		1,614.04

Total Legal Fee Retainers										1,614.04		1,614.04
Tax Refunds
California Tax Refunds
Deposit	11/10/2009			2008 Califor		Opearting Ac		30,800.00		30,800.00		30,800.00

Total California Tax Refunds										30,800.00		30,800.00

Total Tax Refunds										30,800.00		30,800.00

Total Refunds										32,414.04		32,414.04

Total Income										32,414.04		32,414.04
Expense
Compensation Costs
Check	11/2/2009	0000	Administaff	Week Ende		Opearting Ac		8,473.20		8,473.20		8,473.20
Check	11/9/2009	0000	Administaff			Opearting Ac		8,473.20		8,473.20		16,946.40
Check	11/17/2009	0000	Administaff			Opearting Ac		8,458.95		8,458.95		25,405.35
Deposit	11/18/2009			Deposit		Opearting Ac		-513.30		-513.30		24,892.05
Check	11/20/2009	0000	Administaff			Opearting Ac		8,473.19		8,473.19		33,365.24

Total Compensation Costs										33,365.24		33,365.24
Computer and Internet Expenses
Check	11/2/2009	5052	Comcast	Service Nov		Opearting Ac		307.53		307.53		307.53
Check	11/30/2009	5047	JAS Development			Opearting Ac		1,326.91		1,326.91		1,634.44
Check	11/30/2009	5048	David Heaberlin			Opearting Ac		1,515.25		1,515.25		3,149.69

Total Computer and Internet Expenses										3,149.69		3,149.69
Office Supplies
Check	11/30/2009	5048	David Heaberlin			Opearting Ac		233.71		233.71		233.71

Total Office Supplies										233.71		233.71
Professional Fees
Tax Return Preparation
Check	11/19/2009	5046	The Stanislaus Alli			Opearting Ac		70.00		70.00		70.00

Total Tax Return Preparation										70.00		70.00

Total Professional Fees										70.00		70.00
Public Disclosure Issuance Cost
Check	11/12/2009	0000	Broadridge Investo			Opearting Ac		5,014.77		5,014.77		5,014.77
Check	11/30/2009	5049	Bowne of Los Ang			Opearting Ac		1,695.00		1,695.00		6,709.77
Check	11/30/2009	5050	Georgeson			Opearting Ac		479.72		479.72		7,189.49
Check	11/30/2009	5054	Computershare			Opearting Ac		3,286.00		3,286.00		10,475.49

Total Public Disclosure Issuance Cost										10,475.49		10,475.49
Rent Expense
Check	11/2/2009	5051	Bear Breek Plaza	November,		Opearting Ac		1,280.00		1,280.00		1,280.00
Check	11/30/2009	5048	David Heaberlin			Opearting Ac		15.00		15.00		1,295.00

Total Rent Expense										1,295.00		1,295.00
Shareholder Registration & Main
Check	11/30/2009	5054	Computershare			Opearting Ac		995.00		995.00		995.00

Total Shareholder Registration & Main										995.00		995.00
Telephone Expense
Check	11/5/2009	5053	AT Conference	Service Oct		Opearting Ac		101.50		101.50		101.50
Check	11/30/2009	5048	David Heaberlin			Opearting Ac		46.27		46.27		147.77
Check	11/30/2009	5055	AT Conference			Opearting Ac		12.42		12.42		160.19

Total Telephone Expense										160.19		160.19

Total Expense										49,744.32		49,744.32

Net Income										-17,330.28		-17,330.28

Schedule J - Question 1


WebPayroll — Invoice Report		Page 1 of 1



Invoice Report


CAPITAL CORP OF THE WEST (2606900)		Invoice #: 3060843
2801 G ST		Payroll Date: 11/6/2009
MERCED, CA95340-2133		Payroll #: 1
Payroll Contact: DAVID A HEABERLIN		Payroll Type: REGULAR — 1
Report Date: 11/2/2009		Period: 10/31/2009 through 11/6/2009

Billing Groups:


No.	Name	No. EEs	Service Fee %	Payroll Gross		Total Cost
0	UNASSIGNED	1	5.92	$	8,000.00	$	8,473.20

Total Summary:		1		$	8,000.00	$	8,473.20

Total additional charges or credits:						$	0.00
Payroll amount due from client:						$	8,473.20

TOTAL amount due from client:						$	8,473.20

Check #

Employees

Status

Non DD

Prev/Curr

W/C Code

W/C State

Benefits

Service Fee

Payroll Gross

HEABERLIN, DAVID

DD/EP

0/0

8810C

5.92 %

8,000.00

Direct Deposit Gross Pay:

8,000.00

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 - November 6, 2009


WebPayroll — Invoice Report		Page 1 of 1



Invoice Report


CAPITAL CORP OF THE WEST (2606900)		Invoice #: 3066199
2801 G ST		Payroll Date: 11/13/2009
MERCED, CA95340-2133		Payroll #: 1
Payroll Contact: DAVID A HEABERLIN		Payroll Type: REGULAR — 1
Report Date: 11/9/2009		Period: 11/7/2009 through 11/13/2009

Billing Groups:


No.	Name	No. EEs	Service Fee %	Payroll Gross		Total Cost
0	UNASSIGNED	1	5.92	$	8,000.00	$	8,473.20

Total Summary:		1		$	8,000.00	$	8,473.20

Total additional charges or credits:						$	0.00
Payroll amount due from client:						$	8,473.20

TOTAL amount due from client:						$	8,473.20

Check #

Employees

Status

Non DD

Prev/Curr

W/C Code

W/C State

Benefits

Service Fee

Payroll Gross

HEABERLIN, DAVID

DD/EP

0/0

8810C

5.92 %

8,000.00

Direct Deposit Gross Pay:

8,000.00

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 - November 13, 2009


WebPayroll — Invoice Report		Page 1 of 1



Invoice Report


CAPITAL CORP OF THE WEST (2606900)		Invoice #: 3070049
2801 G ST		Payroll Date: 11/20/2009
MERCED, CA95340-2133		Payroll #: 1
Payroll Contact: DAVID A HEABERLIN		Payroll Type: REGULAR — 1
Report Date: 11/13/2009		Period: 11/14/2009 through 11/20/2009

Billing Groups:


No.	Name	No. EEs	Service Fee %	Payroll Gross		Total Cost
0	UNASSIGNED	1	5.91	$	8,000.00	$	8,473.19

Total Summary:		1		$	8,000.00	$	8,473.19

Total additional charges or credits:						$	0.00
Payroll amount due from client:						$	8,473.19

TOTAL amount due from client:						$	8,473.19

Check #

Employees

Status

Non DD

Prev/Curr

W/C Code

W/C State

Benefits

Service Fee

Payroll Gross

HEABERLIN, DAVID

DD/EP

0/0

8810C

5.91 %

8,000.00

Direct Deposit Gross Pay:

8,000.00

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 - November 20, 2009



WebPayroll — Invoice Report		Page 1 of 1

Invoice Report


CAPITAL CORP OF THE WEST (2606900)		Invoice #: 3074806
2801 G ST		Payroll Date: 11/27/2009
MERCED, CA95340-2133		Payroll #: 1
Payroll Contact: DAVID A HEABERLIN		Payroll Type: REGULAR - 1
Report Date: 11/20/2009		Period: 11/21/2009 through 11/27/2009


Billing	Groups:
No.	Name	No. EEs		Service Fee %		Payroll Gross		Total Cost
0	UNASSIGNED		1		5.92	$	8,000.00	$	8,473.20

Total Summary:			1			$	8,000.00	$	8,473.20

Total additional charges or credits:								$	0.00
Payroll amount due from client:								$	8,473.20

TOTAL amount due from client:								$	8,473.20

Check #

Employees

Status

Non DD

Prev/Curr

W/C Code

W/C State

Benefits

Service Fee

Payroll Gross

HEABERLIN, DAVID

DD/EP

0/0

8810C

5.92

8,000.00

Direct Deposit Gross Pay:

8,000.00

Check Gross Pay:

0.00


Non DD		NonDirect Deposit
DD		Direct Deposit
D		Dental Only
NH		New Hire
EP		EPaystub
C		W/C Cap
E		Employee Coverage
S		Employee & Spouse Coverage
C		Employee & Child Coverage
F		Employee & Family Coverage
K		Employee & Children Coverage
W		Coverage Waived
I		Coverage Not Available

Schedule J — Question 4(a)
Payroll Date — November 27, 2009

Capital Corp of the West
Balance Sheet
As of November 30, 2009

Cash Basis


	Nov 30, 09		Oct 30, 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		6,338,719.06		6,356,049.34		-17,330.28

Total Citibank -Debtor In Possession		6,764,158.57		6,781,488.85		-17,330.28

Total Checking/Savings		6,764,158.57		6,781,488.85		-17,330.28


Total Current Assets		6,764,158.57		6,781,488.85		-17,330.28

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		6,770,120.70		6,787,450.98		-17,330.28

LIABILITIES & EQUITY
Liabilities
Current Liabilities
Other Current Liabilities
Priority Claims
Deferred Compensation		3,500.00		0.00		3,500.00

Total Priority Claims		3,500.00		0.00		3,500.00

Undisputed Claims Received
Bay View — Deferred Purchase
Deferred Purchase Price		1,373,139.48		1,373,139.48		0.00
Interest on Deferral		130,880.88		130,880.88		0.00

Total Bay View — Deferred Purchase		1,504,020.36		1,504,020.36		0.00

Compensation Related Claims		1,879,853.00		1,879,853.00		0.00
County Staturtory Trust I
Interest		751,608.00		751,608.00		0.00
Principal		6,186,000.00		6,186,000.00		0.00

Total County Staturtory Trust I		6,937,608.00		6,937,608.00		0.00

County Statutory Trust II
Interest		537,166.00		537,166.00		0.00
Principal		10,310,000.00		10,310,000.00		0.00

Total County Statutory Trust II		10,847,166.00		10,847,166.00		0.00

County Statutory Trust III
Interest		744,779.00		744,779.00		0.00
Principal		15,464,000.00		15,464,000.00		0.00

Total County Statutory Trust III		16,208,779.00		16,208,779.00		0.00

County Statutory Trust IV
Interest		1,752,346.00		1,752,346.00		0.00
Principal		25,774,000.00		25,774,000.00		0.00

Total County Statutory Trust IV		27,526,346.00		27,526,346.00		0.00

Creditor Claims		19,167.00		19,167.00		0.00


Total Undisputed Claims Received		64,922,939.36		64,922,939.36		0.00


Total Other Current Liabilities		64,926,439.36		64,922,939.36		3,500.00


Total Current Liabilities		64,926,439.36		64,922,939.36		3,500.00


Total Liabilities		64,926,439.36		64,922,939.36		3,500.00

Equity
Opening Balance Equity		-64,926,439.36		-64,922,939.36		-3,500.00
Net Income		6,770,120.70		6,787,450.98		-17,330.28

Total Equity		-58,156,318.66		-58,135,488.38		-20,830.28


TOTAL LIABILITIES & EQUITY		6,770,120.70		6,787,450.98		-17,330.28

Capital Corp of the West
Reconciliation Detail
Operating Account, Period Ending 11/30/2009


Type	Date		Num	Name	Clr	Amount		Balance
Beginning Balance									6,360,216.79
Cleared Transactions
Checks and Payments — 9 items
Check		10/20/2009	5042	Klein, Denateli, Gol...	X		-4,167.45		-4,167.45
Check		11/2/2009	0000	Administaff	X		-8,473.20		-12,640.65
Check		11/2/2009	5051	Bear Breek Plaza	X		-1,280.00		-13,920.65
Check		11/2/2009	5052	Comcast	X		-307.53		-14,228.18
Check		11/5/2009	5053	AT Conference	X		-101.50		-14,329.68
Check		11/9/2009	0000	Administaff	X		-8,473.20		-22,802.88
Check		11/12/2009	0000	Broadridge Investor...	X		-5,014.77		-27,817.65
Check		11/17/2009	0000	Administaff	X		-8,458.95		-36,276.60
Check		11/20/2009	0000	Administaff	X		-8,473.19		-44,749.79

Total Checks and Payments							-44,749.79		-44,749.79

Deposits and Credits — 3 items
Deposit		11/10/2009			X		1,614.04		1,614.04
Deposit		11/10/2009			X		30,800.00		32,414.04
Deposit		11/18/2009			X		513.30		32,927.34

Total Deposits and Credits							32,927.34		32,927.34


Total Cleared Transactions							-11,822.45		-11,822.45


Cleared Balance							-11,822.45		6,348,394.34

Uncleared Transactions
Checks and Payments — 7 items
Check		11/19/2009	5046	The Stanislaus Allia...			-70.00		-70.00
Check		11/30/2009	5054	Computershare			-4,281.00		-4,351.00
Check		11/30/2009	5048	David Heaberlin			-1,810.23		-6,161.23
Check		11/30/2009	5049	Bowne of Los Angel...			-1,695.00		-7,856.23
Check		11/30/2009	5047	JAS Development...			-1,326.91		-9,183.14
Check		11/30/2009	5050	Georgeson			-479.72		-9,662.86
Check		11/30/2009	5055	AT Conference			-12.42		-9,675.28


Total Checks and Payments							-9,675.28		-9,675.28


Total Uncleared Transactions							-9,675.28		-9,675.28


Register Balance as of 11/30/2009							-21,497.73		6,338,719.06


Ending Balance							-21,497.73		6,338,719.06

DIP Operating Account
November Reconciliation

Page 1 of 3


Citibank Client Services 587		000001/R1/20F000/0
PO Box 769013		004
San Antonio, TX 78245-9013		CITIBANK, N. A.
		Account
		9951707360
	DIP — CAPITAL CORP OF THE WEST — DIP	Statement Period
	OPERATING ACCOUNT	Nov. 1 - Nov. 30, 2009
	C/O DAVID HEABERLIN	Relationship Manager
	2801 G STREET	Gaudino, Bruce
	MERCED CA 95340	(212) 559-6055

CitiBusiness® ACCOUNT AS OF NOVEMBER 30, 2009

Relationship Summary:


Checking	$	6,773,833.85

Savings		—

Investments (not FDIC insured)		—

Checking Plus		—


Checking	Balance

CitiBusiness Checking 9951707360	$	6,348,394.34
CitiBusiness Checking 9951707387	$	50,000.00
CitiBusiness Checking 9951707416	$	100.00
CitiBusiness Checking 9951707424	$	375,339.51

Total Checking at Citibank	$	6,773,833.85

Help protect yourself from online fraud

Delete and do not respond to suspicious official-looking emails requesting your personal security information, and never click on embedded links in emails. Ensure your computer has current anti-virus software. Change online passwords often and at irregular intervals. Keep PINs confidential and never provide online token passwords to anyone. Please review your account statements promptly and call us at 1-877-528-0990 if you find a discrepancy.

SERVICE CHARGE SUMMARY FROM OCTOBER 1, 2009 THRU OCTOBER 31, 2009


Type of Charge	No./Units		Price/Unit		Amount

CITIBUSINESS CHECKING # 9951707360

Average Daily Collected Balance					$	6,383,687.04

DEPOSIT SERVICES
MONTHLY MAINTENANCE FEE		1		20.0000		20.00
CHECKS PAID		8		.2000		1.60
DEPOSIT TICKETS		1		.2000		0.20

CITI BUSINESS ONLINE
CBOL — OUT. DOMESTIC WIRE TXFR		4		12.5000		50.00

Total Charges for Services					$	71.80

CITIBUSINESS CHECKING # 9951707387

Average Daily Collected Balance					$	50,000.00

DEPOSIT SERVICES
MONTHLY MAINTENANCE FEE		1		20.0000		20.00


DIP-CAPITAL CORP OF THE WEST-DIP	Account 9951707360	Page 2 of 3	000002/R1/20F000/0
OPERATING ACCOUNT	Statement Period - Nov. 1 - Nov. 30, 2009

SERVICE CHARGE SUMMARY FROM OCTOBER 1, 2009 THRU OCTOBER 31, 2009


Type of Charge	No./Units		Price/Unit		Amount

Total Charges for Services					$	20.00

CITIBUSINESS CHECKING # 9951707416

Average Daily Collected Balance					$	100.00

DEPOSIT SERVICES
MONTHLY MAINTENANCE FEE		1		20.0000		20.00

Total Charges for Services					$	20.00

CITIBUSINESS CHECKING # 9951707424

Average Daily Collected Balance					$	375,339.51

DEPOSIT SERVICES
MONTHLY MAINTENANCE FEE		1		20.0000		20.00

Total Charges for Services					$	20.00

Total Non-Interest Bearing Account Charges					$	131.80

Average collected balances					$	6,809,126.55
Less 10% reserve requirement					$	680,912.65
Balances eligible for Earnings Credit					$	6,128,213.90

Earnings Credit allowance at 0.50000%					$	131.80	¹
Charges Subject to Earnings Credit					$	131.80

Net Service Charge					$	0.00


1		- Maximum Earnings Credit cannot exceed monthly fees eligible for offset

CHECKING ACTIVITY


CitiBusiness Checking

	9951707360	Beginning Balance:	$	6,360,216.79
		Ending Balance:	$	6,348,394.34

Date

Description

Debits

Credits

Balance

11/02

CBUSOL TRANSFER DEBIT

8,473.20

6,351,743.59

WIRE TO Administaff Companes, Inc.

11/04

CHECK NO: 5042

4,167.45

6,347,576.14

11/05

CHECK NO: 5051

1,280.00

6,346,296.14

11/09

CBUSOL TRANSFER DEBIT

8,473.20

6,337,822.94

WIRE TO Administaff Companes, Inc.

11/09

CHECK NO: 5052

307.53

6,337,515.41

11/10

DEPOSIT

30,800.00

6,368,315.41

11/10

DEPOSIT

1,614.04

6,369,929.45

11/12

CBUSOL TRANSFER DEBIT

5,014.77

6,364,914.68

WIRE TO Broadridge Investo Com. Solutions

11/12

CHECK NO: 5053

101.50

6,364,813.18

11/17

CBUSOL TRANSFER DEBIT

8,458.95

6,356,354.23

WIRE TO Administaff Companes, Inc.

11/18

DEPOSIT

513.30

6,356,867.53

11/20

CBUSOL TRANSFER DEBIT

8,473.19

6,348,394.34

WIRE TO Administaff Companes, Inc.

Total Debits/Credits

44,749.79

32,927.34


DIP-CAPITAL CORP OF THE WEST-DIP	Account 9951707360	Page 3 of 3	000003/r1/20f000/0
OPERATING ACCOUNT	Statement Period - Nov. 1 - Nov. 30, 2009

CHECKING ACTIVITY

Checks Paid

Check

Date

Amount

Check

Date

Amount

Check

Date

Amount

Check

Date

Amount

5042

11/04

4,167.45

5051

11/05

1,280.00

5052

11/09

307.53

5053

11/12

101.50


*		Indicates gap in check number sequence Number Checks Paid: 4 Totaling: $5,856.48


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	CitiBusiness
	(For Speech and Hearing	100 Citibank Drive
	Impaired Customers Only	San Antonio, TX 78245-9966
	TDD: 800-945-0258)

For change in address, call your account officer or visit your branch.

CAPITAL CORP OF THE WEST - FORM 8-K - EX-99.1 - December 10, 2009

Attached files