FDIC Certificate #: 23790 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Santa Monica Bank (#21189) Federal Reserve ID: 662864 Date Established: May 06, 1982 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 6 (Interstate: No) OTS Docket #: 14176 FDIC's unique #: 16630 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes Oakar Institutions: Yes State Chartered: Yes Date of Deposit Insurance: May 06, 1982 Last Structure Change Effective Date: October 23, 1998 Last Structure Change Process Date: November 05, 1998 Last Data Update: November 05, 1998 Data Source Date: April 05, 2012
Location
Address: 8901 Santa Monica Boulevard, West Hollywood, CA 90069 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)
Financial Summary
Total assets: $294.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
128Total employees (full-time equivalent)
$272,033Total assets
$22,646Cash and due from depository institutions
$2,125Interest-bearing balances
$60,433Securities
$29,555Federal funds sold & reverse repurchase agreements
$139,814Net loans & leases
$2,819Loan loss allowance
$0Trading account assets
$2,650Bank premises and fixed assets
$1,475Other real estate owned
$7,448Goodwill and other intangibles
$0Life insurance assets
$8,012All other assets
$272,033Total liabilities and capital
$240,979Total liabilities
$238,012Total deposits
$152,790Interest-bearing deposits
$238,012Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,849Other borrowed funds
$0Subordinated debt
$1,118All other liabilities
$31,054Total equity capital
$31,054Total bank equity capital
$31,054Perpetual preferred stock
$0Common stock
$30,630Surplus
$0Undivided profits
Memoranda
$424Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,437Earning assets
$618Long-term assets (5+ years)
$776Average Assets, year-to-date
$231,927Average Assets, quarterly
$16,081Volatile liabilities
$185,011Insider loans
$237,950FHLB advances
$30,167Loans and leases held for sale
$1,736Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$32,202Total unused commitments
$0Restructured Loans and leases
$179,840Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$14,854Total interest income
$3,931Total interest expense
$10,923Net interest income
$410Provision for loan and lease losses
$1,388Total noninterest income
$0Fiduciary activities
$931Service charges on deposit accounts
$0Trading account gains & fees
$457Additional noninterest income
$8,542Total noninterest expense
$4,802Salaries and employee benefits
$1,778Premises and equipment expense
$1,962Additional noninterest expense
$3,359Pre-tax net operating income
$0Securities gains (losses)
-$372Applicable income taxes
$3,731Income before extraordinary items
$0Extraordinary gains - net
$3,731Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,155Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.12%Yield on earning assets
2.41%Cost of funding earning assets
6.71%Net interest margin
0.85%Noninterest income to earning assets
5.25%Noninterest expense to earning assets
2.02%Net operating income to assets
2.02%Return on assets (ROA)
1.82%Pretax return on assets
19.54%Return on equity (ROE)
19.54%Retained earnings to average equity (YTD only)
1.14%Net charge-offs to loans
35.50%Credit loss provision to net charge-offs
3.26%Efficiency ratio
67,395Assets per employee
2.13%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.98%Loss allowance to noncurrent loans
63.53%Noncurrent assets plus other real estate owned to assets
2.17%Noncurrent loans to loans
3.11%Net loans and leases to deposits
58.74%Net loans and leases to core deposits
67.27%Equity capital to assets
11.42%Core capital (leverage) ratio
11.97%Tier 1 risk-based capital ratio
13.15%Total risk-based capital ratio
Memoranda
$14Average assets
$185,011Average earning assets
$19,095Average equity
$162,823Average loans
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