American Independent Bank, National Association - Overview
General
FDIC Certificate #: 25046 Status: Inactive Closing history: Corrections Acquiring institution:First Coastal Bank, National Association (#25832) Federal Reserve ID: 764366 Date Established: Febuary 01, 1984 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) FDIC's unique #: 17332 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: Febuary 01, 1984 Last Structure Change Effective Date: March 08, 1999 Last Structure Change Process Date: March 21, 1999 Last Data Update: June 01, 1999 Data Source Date: April 05, 2012
Location
Address: 1644 Redondo Beach Boulevard, Gardena, CA 90247 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
Merger - Without Assistance
Participated in Reorganization
Corrections
Financial Summary
Total assets: $38.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
25Total employees (full-time equivalent)
$38,275Total assets
$4,793Cash and due from depository institutions
$495Interest-bearing balances
$7,435Securities
$5,060Federal funds sold & reverse repurchase agreements
$20,110Net loans & leases
$190Loan loss allowance
$0Trading account assets
$350Bank premises and fixed assets
$81Other real estate owned
$37Goodwill and other intangibles
$0Life insurance assets
$409All other assets
$38,275Total liabilities and capital
$34,734Total liabilities
$34,423Total deposits
$19,997Interest-bearing deposits
$34,423Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$311All other liabilities
$3,541Total equity capital
$3,541Total bank equity capital
$3,541Perpetual preferred stock
$0Common stock
$911Surplus
$3,148Undivided profits
Memoranda
$-518Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,081Earning assets
$0Long-term assets (5+ years)
$160Average Assets, year-to-date
$33,100Average Assets, quarterly
$602Volatile liabilities
$36,530Insider loans
$37,912FHLB advances
$4,391Loans and leases held for sale
$29Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,479Total unused commitments
$0Restructured Loans and leases
$24,323Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$2,969Total interest income
$614Total interest expense
$2,355Net interest income
$113Provision for loan and lease losses
$673Total noninterest income
$0Fiduciary activities
$551Service charges on deposit accounts
$0Trading account gains & fees
$122Additional noninterest income
$2,612Total noninterest expense
$1,037Salaries and employee benefits
$471Premises and equipment expense
$1,104Additional noninterest expense
$303Pre-tax net operating income
$0Securities gains (losses)
$126Applicable income taxes
$177Income before extraordinary items
$0Extraordinary gains - net
$177Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$139Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.39%Yield on earning assets
1.94%Cost of funding earning assets
7.45%Net interest margin
2.13%Noninterest income to earning assets
8.26%Noninterest expense to earning assets
0.48%Net operating income to assets
0.48%Return on assets (ROA)
0.83%Pretax return on assets
5.19%Return on equity (ROE)
5.19%Retained earnings to average equity (YTD only)
0.66%Net charge-offs to loans
81.29%Credit loss provision to net charge-offs
2.99%Efficiency ratio
86,063Assets per employee
1.53%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.94%Loss allowance to noncurrent loans
17.58%Noncurrent assets plus other real estate owned to assets
3.04%Noncurrent loans to loans
5.33%Net loans and leases to deposits
58.42%Net loans and leases to core deposits
66.96%Equity capital to assets
9.25%Core capital (leverage) ratio
9.51%Tier 1 risk-based capital ratio
14.41%Total risk-based capital ratio
Memoranda
$15Average assets
$36,530Average earning assets
$3,410Average equity
$31,617Average loans
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