FDIC Certificate #: 16945 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Pacific Century Bank, National Association (#25049) Federal Reserve ID: 706768 Date Established: October 28, 1950 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 20 (Interstate: No) FDIC's unique #: 11025 Numeric code: 13 Regulator: FED 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 28, 1950 Last Structure Change Effective Date: August 14, 1998 Last Structure Change Process Date: August 25, 1998 Last Data Update: August 25, 1998 Data Source Date: April 05, 2012
Location
Address: 16030 Ventura Boulevard, Los Angeles, CA 91436 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: $789.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
330Total employees (full-time equivalent)
$797,135Total assets
$80,730Cash and due from depository institutions
$198Interest-bearing balances
$177,731Securities
$64,300Federal funds sold & reverse repurchase agreements
$445,673Net loans & leases
$11,579Loan loss allowance
$0Trading account assets
$17,113Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$11,588All other assets
$797,135Total liabilities and capital
$710,265Total liabilities
$698,499Total deposits
$413,689Interest-bearing deposits
$698,499Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$11,766All other liabilities
$86,870Total equity capital
$86,870Total bank equity capital
$86,870Perpetual preferred stock
$0Common stock
$3,140Surplus
$79,654Undivided profits
Memoranda
$4,076Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,338Earning assets
$121Long-term assets (5+ years)
$2,882Average Assets, year-to-date
$687,902Average Assets, quarterly
$130,823Volatile liabilities
$806,737Insider loans
$787,160FHLB advances
$74,643Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$260,871Total unused commitments
$0Restructured Loans and leases
$571,375Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$29,712Total interest income
$7,048Total interest expense
$22,664Net interest income
$0Provision for loan and lease losses
$3,821Total noninterest income
$0Fiduciary activities
$2,220Service charges on deposit accounts
$0Trading account gains & fees
$1,601Additional noninterest income
$15,946Total noninterest expense
$8,557Salaries and employee benefits
$2,669Premises and equipment expense
$4,720Additional noninterest expense
$10,539Pre-tax net operating income
$16Securities gains (losses)
$4,454Applicable income taxes
$6,101Income before extraordinary items
$0Extraordinary gains - net
$6,101Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$105Sale, conversion, retirement of capital stock, net
$2,250Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.33%Yield on earning assets
1.03%Cost of funding earning assets
3.30%Net interest margin
0.56%Noninterest income to earning assets
2.32%Noninterest expense to earning assets
0.75%Net operating income to assets
0.76%Return on assets (ROA)
1.31%Pretax return on assets
7.00%Return on equity (ROE)
4.42%Retained earnings to average equity (YTD only)
-0.02%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
60,208Assets per employee
2.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
36.88%Loss allowance to loans
2.53%Loss allowance to noncurrent loans
865.40%Noncurrent assets plus other real estate owned to assets
0.17%Noncurrent loans to loans
0.29%Net loans and leases to deposits
63.80%Net loans and leases to core deposits
71.44%Equity capital to assets
10.90%Core capital (leverage) ratio
10.99%Tier 1 risk-based capital ratio
15.16%Total risk-based capital ratio
Memoranda
$16Average assets
$806,737Average earning assets
$87,193Average equity
$686,248Average loans
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