Bank of Newport in Newport Beach, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 12, 1994

  • Bank of Newport in Newport Beach, California (CA)
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Bank of Newport - Overview

  • General
  • FDIC Certificate #: 20637
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Union Bank (#17186)
    Federal Reserve ID: 586465
    Date Established: March 24, 1972
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    FDIC's unique #: 14246
    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: March 24, 1972
    Last Structure Change Effective Date: August 12, 1994
    Last Structure Change Process Date: August 17, 1994
    Last Data Update: August 17, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 2101 East Coast Highway, Newport Beach, CA 92660
    County: Orange
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Orange
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Orange County, CA (#5945)
    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: Santa Ana-Anaheim-Irvine, CA (#42044)
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $167.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $117Total assets
  • $215,069Cash and due from depository institutions
  • $15,745Interest-bearing balances
  • $0Securities
  • $22,141Federal funds sold & reverse repurchase agreements
  • $32,000Net loans & leases
  • $127,634Loan loss allowance
  • $2,151Trading account assets
  • $0Bank premises and fixed assets
  • $5,509Other real estate owned
  • $8,641Goodwill and other intangibles
  • $3,399Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $215,069Total liabilities
  • $203,847Total deposits
  • $195,879Interest-bearing deposits
  • $147,840Deposits held in domestic offices
  • 195879.00%% insured (estimated)
  • $76Federal funds purchased & repurchase agreements
  • $3,975Trading liabilities
  • $0Other borrowed funds
  • $1,700Subordinated debt
  • $0All other liabilities
  • $2,293Total equity capital
  • $2,293Total bank equity capital
  • $11,222Perpetual preferred stock
  • $2,800Common stock
  • $3,362Surplus
  • $3,530Undivided profits
  • Memoranda
  • $1,530Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $656Income earned, not collected on loans
  • $865Earning assets
  • $181,775Long-term assets (5+ years)
  • $5,102Average Assets, year-to-date
  • $234,374Average Assets, quarterly
  • $220,372Volatile liabilities
  • $16,663Insider loans
  • $1,845FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $29,053Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $11,222Total risk weighted assets
  • $156,127Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $17,350Total interest expense
  • $4,193Net interest income
  • $13,157Provision for loan and lease losses
  • $4,252Total noninterest income
  • $2,537Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,460Trading account gains & fees
  • $0Additional noninterest income
  • $1,077Total noninterest expense
  • $16,457Salaries and employee benefits
  • $4,942Premises and equipment expense
  • $3,996Additional noninterest expense
  • $7,519Pre-tax net operating income
  • -$5,015Securities gains (losses)
  • $249Applicable income taxes
  • $201Income before extraordinary items
  • -$4,967Extraordinary gains - net
  • $0Net income attributable to bank
  • -$4,967Net charge-offs
  • $6,211Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $2,800Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.84%Cost of funding earning assets
  • 2.14%Net interest margin
  • 6.71%Noninterest income to earning assets
  • 1.29%Noninterest expense to earning assets
  • 8.39%Net operating income to assets
  • -2.23%Return on assets (ROA)
  • -2.12%Pretax return on assets
  • -2.03%Return on equity (ROE)
  • -38.32%Retained earnings to average equity (YTD only)
  • -38.32%Net charge-offs to loans
  • 4.03%Credit loss provision to net charge-offs
  • 68.46%Efficiency ratio
  • 104,862Assets per employee
  • 1.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.66%Loss allowance to noncurrent loans
  • 327.90%Noncurrent assets plus other real estate owned to assets
  • 4.32%Noncurrent loans to loans
  • 0.51%Net loans and leases to deposits
  • 65.16%Net loans and leases to core deposits
  • 69.03%Equity capital to assets
  • 5.22%Core capital (leverage) ratio
  • 5.02%Tier 1 risk-based capital ratio
  • 7.19%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $234,374Average earning assets
  • $12,962Average equity
  • $196,182Average loans

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