FDIC Certificate #: 34659 Status: Inactive Closing history: Corrections Acquiring institution:U.S. Bank National Association (#6548) Federal Reserve ID: 2643438 Date Established: January 02, 1998 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 68 (Interstate: No) OTS Docket #: 15699 FDIC's unique #: 61036 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: January 02, 1998 Last Structure Change Effective Date: October 30, 2009 Last Structure Change Process Date: November 03, 2009 Last Data Update: November 03, 2009 Data Source Date: April 05, 2012
Location
Address: 221 South Figueroa Street, Suite 100, Los Angeles, CA 90012 County: Los Angeles Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: Chicago 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)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $7,781.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
760Total employees (full-time equivalent)
$6,292,069Total assets
$71,666Cash and due from depository institutions
$2,353Interest-bearing balances
$541,794Securities
$0Federal funds sold & reverse repurchase agreements
$4,891,603Net loans & leases
$105,002Loan loss allowance
$0Trading account assets
$46,877Bank premises and fixed assets
$56,726Other real estate owned
$50,423Goodwill and other intangibles
$81,762Life insurance assets
$632,980All other assets
$6,292,069Total liabilities and capital
$5,980,094Total liabilities
$4,641,466Total deposits
$4,255,043Interest-bearing deposits
$4,641,466Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,297,000Other borrowed funds
$0Subordinated debt
$41,628All other liabilities
$311,975Total equity capital
$311,975Total bank equity capital
$311,975Perpetual preferred stock
$0Common stock
$2,000Surplus
$485,554Undivided profits
Memoranda
$-175,579Noncurrent loans and leases
$2,107,286Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$107,610Earning assets
$11Long-term assets (5+ years)
$26,966Average Assets, year-to-date
$5,435,750Average Assets, quarterly
$1,596,475Volatile liabilities
$6,229,441Insider loans
$6,324,696FHLB advances
$2,806,469Loans and leases held for sale
$0Unused loan commitments
$1,297,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,107,286Total unused commitments
$2,190Restructured Loans and leases
$77,827Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$380,378Total interest income
$162,908Total interest expense
$217,470Net interest income
$96,200Provision for loan and lease losses
$1,739Total noninterest income
$0Fiduciary activities
$5,058Service charges on deposit accounts
$12,881Trading account gains & fees
-$16,200Additional noninterest income
$123,983Total noninterest expense
$66,348Salaries and employee benefits
$21,181Premises and equipment expense
$36,454Additional noninterest expense
-$974Pre-tax net operating income
-$509,896Securities gains (losses)
-$212,273Applicable income taxes
-$298,597Income before extraordinary items
$0Extraordinary gains - net
-$298,597Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$39,721Sale, conversion, retirement of capital stock, net
$20,000Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.83%Yield on earning assets
2.93%Cost of funding earning assets
3.91%Net interest margin
0.03%Noninterest income to earning assets
2.23%Noninterest expense to earning assets
0.45%Net operating income to assets
-4.79%Return on assets (ROA)
-8.20%Pretax return on assets
-58.27%Return on equity (ROE)
-62.17%Retained earnings to average equity (YTD only)
0.87%Net charge-offs to loans
242.19%Credit loss provision to net charge-offs
2.40%Efficiency ratio
56,559Assets per employee
8.28%Cash dividends to net income (YTD only)
Condition Ratios (%)
-6.70%Loss allowance to loans
2.10%Loss allowance to noncurrent loans
97.58%Noncurrent assets plus other real estate owned to assets
3.10%Noncurrent loans to loans
2.15%Net loans and leases to deposits
105.39%Net loans and leases to core deposits
156.18%Equity capital to assets
4.96%Core capital (leverage) ratio
3.70%Tier 1 risk-based capital ratio
3.74%Total risk-based capital ratio
Memoranda
$5Average assets
$6,229,441Average earning assets
$512,426Average equity
$5,568,389Average loans
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