FDIC Certificate #: 22675 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:East West Bank (#31628) Federal Reserve ID: 627461 Date Established: July 03, 1978 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 8 (Interstate: No) OTS Docket #: 16091 FDIC's unique #: 15827 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: July 03, 1978 Last Structure Change Effective Date: January 14, 2000 Last Structure Change Process Date: Febuary 09, 2000 Last Data Update: Febuary 09, 2000 Data Source Date: April 05, 2012
Location
Address: 624 South Grand, Los Angeles, CA 90017 County: Los Angeles Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Los Angeles (North) 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)
Financial Summary
Total assets: $198.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
86Total employees (full-time equivalent)
$198,833Total assets
$6,701Cash and due from depository institutions
$100Interest-bearing balances
$65,825Securities
$11,500Federal funds sold & reverse repurchase agreements
$105,859Net loans & leases
$1,651Loan loss allowance
$0Trading account assets
$4,037Bank premises and fixed assets
$215Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$4,696All other assets
$198,833Total liabilities and capital
$178,898Total liabilities
$166,821Total deposits
$129,504Interest-bearing deposits
$166,821Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$10,144Other borrowed funds
$0Subordinated debt
$1,933All other liabilities
$19,935Total equity capital
$19,935Total bank equity capital
$19,935Perpetual preferred stock
$2,495Common stock
$47,181Surplus
$0Undivided profits
Memoranda
$-29,741Noncurrent loans and leases
$28,794Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$212Earning assets
$0Long-term assets (5+ years)
$614Average Assets, year-to-date
$183,284Average Assets, quarterly
$64,090Volatile liabilities
$209,169Insider loans
$204,808FHLB advances
$35,817Loans and leases held for sale
$125Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$28,794Total unused commitments
$0Restructured Loans and leases
$4,146Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$15,768Total interest income
$5,593Total interest expense
$10,175Net interest income
$865Provision for loan and lease losses
$2,521Total noninterest income
$0Fiduciary activities
$718Service charges on deposit accounts
$0Trading account gains & fees
$1,803Additional noninterest income
$10,654Total noninterest expense
$4,177Salaries and employee benefits
$2,343Premises and equipment expense
$4,134Additional noninterest expense
$1,177Pre-tax net operating income
$1Securities gains (losses)
-$999Applicable income taxes
$2,177Income before extraordinary items
$0Extraordinary gains - net
$2,177Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2,008Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.33%Yield on earning assets
2.95%Cost of funding earning assets
5.37%Net interest margin
1.33%Noninterest income to earning assets
5.63%Noninterest expense to earning assets
1.04%Net operating income to assets
1.04%Return on assets (ROA)
0.56%Pretax return on assets
10.39%Return on equity (ROE)
10.39%Retained earnings to average equity (YTD only)
1.72%Net charge-offs to loans
43.08%Credit loss provision to net charge-offs
1.02%Efficiency ratio
83,916Assets per employee
2.31%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.54%Loss allowance to noncurrent loans
778.77%Noncurrent assets plus other real estate owned to assets
0.21%Noncurrent loans to loans
0.20%Net loans and leases to deposits
63.46%Net loans and leases to core deposits
80.72%Equity capital to assets
10.03%Core capital (leverage) ratio
9.93%Tier 1 risk-based capital ratio
14.83%Total risk-based capital ratio
Memoranda
$18Average assets
$209,169Average earning assets
$20,961Average equity
$189,303Average loans
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