FDIC Certificate #: 26294 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bank of Orange County (#23130) Federal Reserve ID: 814261 Date Established: June 17, 1985 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 2 (Interstate: No) FDIC's unique #: 32701 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: June 17, 1985 Last Structure Change Effective Date: July 14, 2000 Last Structure Change Process Date: September 12, 2000 Last Data Update: September 12, 2000 Data Source Date: April 05, 2012
Location
Address: 23550 Hawthorne Boulevard, Suite 100, Torrance, CA 90505 County: Los Angeles Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco 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: $85.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
28Total employees (full-time equivalent)
$72,812Total assets
$3,883Cash and due from depository institutions
$784Interest-bearing balances
$3,375Securities
$4,866Federal funds sold & reverse repurchase agreements
$50,706Net loans & leases
$642Loan loss allowance
$0Trading account assets
$556Bank premises and fixed assets
$0Other real estate owned
$7,771Goodwill and other intangibles
$0Life insurance assets
$1,655All other assets
$72,812Total liabilities and capital
$57,973Total liabilities
$57,612Total deposits
$42,841Interest-bearing deposits
$57,612Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$361All other liabilities
$14,839Total equity capital
$14,839Total bank equity capital
$14,839Perpetual preferred stock
$0Common stock
$14,194Surplus
$0Undivided profits
Memoranda
$645Noncurrent loans and leases
$6,276Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$244Average Assets, year-to-date
$59,731Average Assets, quarterly
$15,058Volatile liabilities
$74,711Insider loans
$77,059FHLB advances
$11,111Loans and leases held for sale
$30Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,276Total unused commitments
$0Restructured Loans and leases
$642Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$4,855Total interest income
$1,686Total interest expense
$3,169Net interest income
$410Provision for loan and lease losses
$169Total noninterest income
$0Fiduciary activities
$149Service charges on deposit accounts
$0Trading account gains & fees
$20Additional noninterest income
$4,297Total noninterest expense
$1,545Salaries and employee benefits
$614Premises and equipment expense
$2,138Additional noninterest expense
-$1,369Pre-tax net operating income
-$331Securities gains (losses)
-$89Applicable income taxes
-$1,611Income before extraordinary items
$0Extraordinary gains - net
-$1,611Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$50Sale, conversion, retirement of capital stock, net
$1,200Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.78%Yield on earning assets
2.70%Cost of funding earning assets
5.08%Net interest margin
0.27%Noninterest income to earning assets
6.88%Noninterest expense to earning assets
-1.74%Net operating income to assets
-2.16%Return on assets (ROA)
-2.28%Pretax return on assets
-10.38%Return on equity (ROE)
-18.11%Retained earnings to average equity (YTD only)
0.13%Net charge-offs to loans
820.00%Credit loss provision to net charge-offs
-19.18%Efficiency ratio
116,357Assets per employee
2.60%Cash dividends to net income (YTD only)
Condition Ratios (%)
-74.49%Loss allowance to loans
1.25%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
88.01%Net loans and leases to core deposits
109.04%Equity capital to assets
20.38%Core capital (leverage) ratio
9.82%Tier 1 risk-based capital ratio
13.58%Total risk-based capital ratio
Memoranda
$15Average assets
$74,711Average earning assets
$15,526Average equity
$62,428Average loans
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