FDIC Certificate #: 34831 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Nara Bank (#27530) Federal Reserve ID: 2777548 Date Established: Febuary 19, 1999 WWW:http://www.asianabankusa.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 61743 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: Febuary 19, 1999 Last Structure Change Effective Date: August 25, 2003 Last Structure Change Process Date: September 23, 2003 Last Data Update: September 23, 2003 Data Source Date: April 05, 2012
Location
Address: 1082 East Camino Real, Sunnyvale, CA 94087 County: Santa Clara Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: San Francisco Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): San Jose, CA (#7400) Consolidated Metropolitan Statistical Area (CMSA): San Francisco-Oakland-San Jose, CA (#84) Combined Statistical Area (CSA): San Jose-San Francisco-Oakland, CA (#488) Core Based Statistical Area (CBSA): San Jose-Sunnyvale-Santa Clara, CA (#41940) CBSA Metro Statistical Area: San Jose-Sunnyvale-Santa Clara, CA (#41940)
Financial Summary
Total assets: $36.5 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2002)
Dollar figures in thousands
17Total employees (full-time equivalent)
$38,934Total assets
$2,500Cash and due from depository institutions
$0Interest-bearing balances
$8,870Securities
$955Federal funds sold & reverse repurchase agreements
$26,010Net loans & leases
$815Loan loss allowance
$0Trading account assets
$375Bank premises and fixed assets
$0Other real estate owned
$18Goodwill and other intangibles
$0Life insurance assets
$206All other assets
$38,934Total liabilities and capital
$32,846Total liabilities
$32,775Total deposits
$27,118Interest-bearing deposits
$32,775Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$71All other liabilities
$6,088Total equity capital
$6,088Total bank equity capital
$6,088Perpetual preferred stock
$0Common stock
$9,548Surplus
$0Undivided profits
Memoranda
$-3,460Noncurrent loans and leases
$1,290Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$428Earning assets
$0Long-term assets (5+ years)
$169Average Assets, year-to-date
$35,835Average Assets, quarterly
$7,093Volatile liabilities
$37,464Insider loans
$38,406FHLB advances
$6,944Loans and leases held for sale
$266Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,290Total unused commitments
$0Restructured Loans and leases
$392Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$2,240Total interest income
$608Total interest expense
$1,632Net interest income
$292Provision for loan and lease losses
$319Total noninterest income
$0Fiduciary activities
$120Service charges on deposit accounts
$0Trading account gains & fees
$199Additional noninterest income
$2,343Total noninterest expense
$1,250Salaries and employee benefits
$319Premises and equipment expense
$774Additional noninterest expense
-$684Pre-tax net operating income
$12Securities gains (losses)
$0Applicable income taxes
-$672Income before extraordinary items
$0Extraordinary gains - net
-$672Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$162Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.49%Yield on earning assets
1.76%Cost of funding earning assets
4.73%Net interest margin
0.92%Noninterest income to earning assets
6.79%Noninterest expense to earning assets
-1.83%Net operating income to assets
-1.79%Return on assets (ROA)
-1.79%Pretax return on assets
-10.65%Return on equity (ROE)
-10.65%Retained earnings to average equity (YTD only)
0.61%Net charge-offs to loans
180.25%Credit loss provision to net charge-offs
-2.42%Efficiency ratio
120,092Assets per employee
2.29%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.04%Loss allowance to noncurrent loans
190.42%Noncurrent assets plus other real estate owned to assets
1.10%Noncurrent loans to loans
1.60%Net loans and leases to deposits
79.36%Net loans and leases to core deposits
100.69%Equity capital to assets
15.64%Core capital (leverage) ratio
15.44%Tier 1 risk-based capital ratio
19.25%Total risk-based capital ratio
Memoranda
$21Average assets
$37,464Average earning assets
$6,310Average equity
$34,492Average loans
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