FDIC Certificate #: 27338 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Shinhan Bank America (#33188) Federal Reserve ID: 1217832 Date Established: October 03, 1988 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 39611 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: October 03, 1988 Last Structure Change Effective Date: March 24, 2003 Last Structure Change Process Date: April 15, 2003 Last Data Update: April 15, 2003 Data Source Date: April 05, 2012
Location
Address: 3000 West Olympic Boulevard, Los Angeles, CA 90006 County: Los Angeles Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: New York 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: $158.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
38Total employees (full-time equivalent)
$158,905Total assets
$3,452Cash and due from depository institutions
$0Interest-bearing balances
$18,733Securities
$29,000Federal funds sold & reverse repurchase agreements
$104,337Net loans & leases
$3,118Loan loss allowance
$0Trading account assets
$293Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,090All other assets
$158,905Total liabilities and capital
$115,224Total liabilities
$114,638Total deposits
$93,444Interest-bearing deposits
$114,638Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$586All other liabilities
$43,681Total equity capital
$43,681Total bank equity capital
$43,681Perpetual preferred stock
$0Common stock
$30,681Surplus
$4,642Undivided profits
Memoranda
$8,358Noncurrent loans and leases
$15,664Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,337Earning assets
$0Long-term assets (5+ years)
$530Average Assets, year-to-date
$152,070Average Assets, quarterly
$5,991Volatile liabilities
$147,192Insider loans
$156,341FHLB advances
$53,553Loans and leases held for sale
$15Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$15,664Total unused commitments
$40Restructured Loans and leases
$1,323Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$8,591Total interest income
$2,300Total interest expense
$6,291Net interest income
$787Provision for loan and lease losses
$2,088Total noninterest income
$0Fiduciary activities
$652Service charges on deposit accounts
$0Trading account gains & fees
$1,436Additional noninterest income
$4,553Total noninterest expense
$2,024Salaries and employee benefits
$751Premises and equipment expense
$1,778Additional noninterest expense
$3,039Pre-tax net operating income
$0Securities gains (losses)
$1,263Applicable income taxes
$1,776Income before extraordinary items
$0Extraordinary gains - net
$1,776Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$72Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.10%Yield on earning assets
1.63%Cost of funding earning assets
4.47%Net interest margin
1.48%Noninterest income to earning assets
3.23%Noninterest expense to earning assets
1.21%Net operating income to assets
1.21%Return on assets (ROA)
2.06%Pretax return on assets
4.14%Return on equity (ROE)
4.14%Retained earnings to average equity (YTD only)
-0.06%Net charge-offs to loans
-1093.06%Credit loss provision to net charge-offs
0.00%Efficiency ratio
54,338Assets per employee
4.18%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.90%Loss allowance to noncurrent loans
71.89%Noncurrent assets plus other real estate owned to assets
2.73%Noncurrent loans to loans
4.04%Net loans and leases to deposits
91.01%Net loans and leases to core deposits
170.81%Equity capital to assets
27.49%Core capital (leverage) ratio
27.57%Tier 1 risk-based capital ratio
41.86%Total risk-based capital ratio
Memoranda
$43Average assets
$147,192Average earning assets
$42,880Average equity
$140,849Average loans
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