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

This bank is inactive as of June 14, 1996

  • Bank of Westminster in Westminster, California (CA)
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Bank of Westminster - Overview

  • General
  • FDIC Certificate #: 22978
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: BYL Bank Group (#23063)
    Federal Reserve ID: 208860
    Date Established: November 12, 1979
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 16079
    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: November 12, 1979
    Last Structure Change Effective Date: June 14, 1996
    Last Structure Change Process Date: July 24, 1996
    Last Data Update: July 24, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 8251 Westminster Avenue, Westminster, CA 92683
    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)
  • Financial Summary
  • Total assets: $57.9 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $31Total assets
  • $59,573Cash and due from depository institutions
  • $6,842Interest-bearing balances
  • $1,368Securities
  • $6,049Federal funds sold & reverse repurchase agreements
  • $6,525Net loans & leases
  • $36,407Loan loss allowance
  • $693Trading account assets
  • $0Bank premises and fixed assets
  • $2,978Other real estate owned
  • $0Goodwill and other intangibles
  • $772Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $59,573Total liabilities
  • $54,878Total deposits
  • $54,098Interest-bearing deposits
  • $38,532Deposits held in domestic offices
  • 54098.00%% insured (estimated)
  • $83Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $276Subordinated debt
  • $0All other liabilities
  • $504Total equity capital
  • $504Total bank equity capital
  • $4,695Perpetual preferred stock
  • $0Common stock
  • $2,504Surplus
  • $1,000Undivided profits
  • Memoranda
  • $1,191Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $260Income earned, not collected on loans
  • $265Earning assets
  • $50,349Long-term assets (5+ years)
  • $74Average Assets, year-to-date
  • $56,948Average Assets, quarterly
  • $58,863Volatile liabilities
  • $11,297Insider loans
  • $1,476FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $8,155Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,695Total risk weighted assets
  • $45,041Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $5,099Total interest expense
  • $1,825Net interest income
  • $3,274Provision for loan and lease losses
  • $176Total noninterest income
  • $405Fiduciary activities
  • $0Service charges on deposit accounts
  • $369Trading account gains & fees
  • $0Additional noninterest income
  • $36Total noninterest expense
  • $2,785Salaries and employee benefits
  • $1,364Premises and equipment expense
  • $394Additional noninterest expense
  • $1,027Pre-tax net operating income
  • $718Securities gains (losses)
  • $0Applicable income taxes
  • $258Income before extraordinary items
  • $460Extraordinary gains - net
  • $0Net income attributable to bank
  • $460Net charge-offs
  • $123Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 10.59%Cost of funding earning assets
  • 3.79%Net interest margin
  • 6.80%Noninterest income to earning assets
  • 0.84%Noninterest expense to earning assets
  • 5.79%Net operating income to assets
  • 0.81%Return on assets (ROA)
  • 0.81%Pretax return on assets
  • 1.26%Return on equity (ROE)
  • 10.37%Retained earnings to average equity (YTD only)
  • 10.37%Net charge-offs to loans
  • 0.34%Credit loss provision to net charge-offs
  • 143.09%Efficiency ratio
  • 75,700Assets per employee
  • 1.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.87%Loss allowance to noncurrent loans
  • 266.54%Noncurrent assets plus other real estate owned to assets
  • 0.44%Noncurrent loans to loans
  • 0.70%Net loans and leases to deposits
  • 67.30%Net loans and leases to core deposits
  • 84.52%Equity capital to assets
  • 7.88%Core capital (leverage) ratio
  • 8.04%Tier 1 risk-based capital ratio
  • 10.42%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $56,948Average earning assets
  • $4,437Average equity
  • $48,138Average loans

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