FDIC Certificate #: 57657 Status: Active Federal Reserve ID: 3247598 Bank Holding Company (Regulatory Top Holder): 1st Century Bancshares, Inc. (RSSDID: 3602236, Location: Los Angeles, CA) Date Established: March 01, 2004 WWW:http://www.1cbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 419238 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: March 01, 2004 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 1875 Century Park East, Suite 1400, Los Angeles, CA 90067 County: Los Angeles Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Los Angeles (West) Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Los Angeles-Long Beach, CA (#4480) Consolidated Metropolitan Statistical Area (CMSA): Los Angeles-Riverside-Orange County, CA (#49) Combined Statistical Area (CSA): Los Angeles-Long Beach-Riverside, CA (#348) Core Based Statistical Area (CBSA): Los Angeles-Long Beach-Santa Ana, CA (#31100) CBSA Metro Statistical Area: Los Angeles-Long Beach-Santa Ana, CA (#31100) Core Based Statistical Division: Los Angeles-Long Beach-Glendale, CA (#31084)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $405.1 mil Equity capital: $43.5 mil Deposits held in domestic offices: $333.8 mil Return on assets (ROA): 0.36% ($1.5 mil) Quarterly return on assets: 0.51% ($2.1 mil) Return on Equity (ROE): 3.04% ($1.3 mil) Quarterly return on equity: 4.61% ($2.0 mil) Net income: $1.3 mil Quarterly Net income: $0.5 mil Pretax return on assets: 0.38% ($1,539.4 mil) Quarterly Pretax return on assets: 0.58% ($2,349.6 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
49Total employees (full-time equivalent)
$405,108Total assets
$41,732Cash and due from depository institutions
$31,947Interest-bearing balances
$129,906Securities
$0Federal funds sold & reverse repurchase agreements
$227,720Net loans & leases
$5,554Loan loss allowance
$0Trading account assets
$1,095Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$405,108Life insurance assets
$4,655All other assets
$361,576Total liabilities and capital
$333,838Total liabilities
$209,613Total deposits
$333,838Interest-bearing deposits
$67Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$25,000Trading liabilities
$0Other borrowed funds
$2,738Subordinated debt
$43,532All other liabilities
$43,532Total equity capital
$43,532Total bank equity capital
$0Perpetual preferred stock
$49,569Common stock
$4,871Surplus
$-10,908Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$6,279Income earned, not collected on loans
$0Earning assets
$996Long-term assets (5+ years)
$389,573Average Assets, year-to-date
$173,268Average Assets, quarterly
$355,599Volatile liabilities
$394,733Insider loans
$261,235FHLB advances
$398,281Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$41,965Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$56,965Restructured Loans and leases
$1,353Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$12,207Total interest income
$926Total interest expense
$11,281Net interest income
$275Provision for loan and lease losses
$603Total noninterest income
$0Fiduciary activities
$237Service charges on deposit accounts
$0Trading account gains & fees
$366Additional noninterest income
$10,255Total noninterest expense
$5,520Salaries and employee benefits
$1,174Premises and equipment expense
$3,561Additional noninterest expense
$1,354Pre-tax net operating income
$2Securities gains (losses)
$71Applicable income taxes
$1,285Income before extraordinary items
$0Extraordinary gains - net
$1,285Net income attributable to bank
$0Net charge-offs
$1,285Cash dividends
$4Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.59%Yield on earning assets
0.27%Cost of funding earning assets
3.31%Net interest margin
0.18%Noninterest income to earning assets
3.01%Noninterest expense to earning assets
0.36%Net operating income to assets
0.36%Return on assets (ROA)
0.38%Pretax return on assets
3.04%Return on equity (ROE)
3.04%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
6875.00%Credit loss provision to net charge-offs
407.25%Efficiency ratio
86,292Assets per employee
8.27%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.38%Loss allowance to noncurrent loans
88.45%Noncurrent assets plus other real estate owned to assets
1.55%Noncurrent loans to loans
2.69%Net loans and leases to deposits
68.21%Net loans and leases to core deposits
82.45%Equity capital to assets
10.75%Core capital (leverage) ratio
10.54%Tier 1 risk-based capital ratio
16.06%Total risk-based capital ratio
Memoranda
$17Average assets
$355,599Average earning assets
$42,289Average equity
$340,366Average loans
List of branches
1 California Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
419238
1st Century Bank, National Association
1875 Century Park East, Suite 1400, Los Angeles, CA 90067
March 01, 2004
Full Service Brick and Mortar
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