FDIC Certificate #: 27069 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Pacific Western Bank (#24045) Federal Reserve ID: 1156221 Date Established: October 05, 1987 WWW:http://www.cedarsbank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) OTS Docket #: 13576 FDIC's unique #: 38674 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 05, 1987 Last Structure Change Effective Date: January 04, 2006 Last Structure Change Process Date: Febuary 08, 2006 Last Data Update: Febuary 08, 2006 Data Source Date: April 05, 2012
Location
Address: 444 South Flower Street, Los Angeles, CA 90071 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: $438.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
58Total employees (full-time equivalent)
$438,173Total assets
$14,433Cash and due from depository institutions
$1,753Interest-bearing balances
$1,036Securities
$48,000Federal funds sold & reverse repurchase agreements
$357,307Net loans & leases
$5,597Loan loss allowance
$0Trading account assets
$1,196Bank premises and fixed assets
$515Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$15,686All other assets
$438,173Total liabilities and capital
$390,496Total liabilities
$366,665Total deposits
$271,662Interest-bearing deposits
$366,665Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$21,472Other borrowed funds
$0Subordinated debt
$2,359All other liabilities
$47,677Total equity capital
$47,677Total bank equity capital
$47,677Perpetual preferred stock
$0Common stock
$4,339Surplus
$12,243Undivided profits
Memoranda
$31,095Noncurrent loans and leases
$59,013Noncurrent 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)
$1,782Average Assets, year-to-date
$408,096Average Assets, quarterly
$0Volatile liabilities
$472,793Insider loans
$472,659FHLB advances
$149,875Loans and leases held for sale
$1,800Unused loan commitments
$21,472Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$59,013Total unused commitments
$0Restructured Loans and leases
$4,706Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$29,935Total interest income
$8,273Total interest expense
$21,662Net interest income
$1,975Provision for loan and lease losses
$2,016Total noninterest income
$0Fiduciary activities
$1,217Service charges on deposit accounts
$0Trading account gains & fees
$799Additional noninterest income
$12,925Total noninterest expense
$6,805Salaries and employee benefits
$1,696Premises and equipment expense
$4,424Additional noninterest expense
$8,778Pre-tax net operating income
-$1,672Securities gains (losses)
$2,750Applicable income taxes
$4,356Income before extraordinary items
$0Extraordinary gains - net
$4,356Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$17Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.75%Yield on earning assets
1.87%Cost of funding earning assets
4.89%Net interest margin
0.45%Noninterest income to earning assets
2.92%Noninterest expense to earning assets
1.15%Net operating income to assets
0.92%Return on assets (ROA)
1.50%Pretax return on assets
9.58%Return on equity (ROE)
9.58%Retained earnings to average equity (YTD only)
-0.00%Net charge-offs to loans
-11617.65%Credit loss provision to net charge-offs
0.00%Efficiency ratio
54,587Assets per employee
7.55%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.54%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
97.45%Net loans and leases to core deposits
158.92%Equity capital to assets
10.88%Core capital (leverage) ratio
9.81%Tier 1 risk-based capital ratio
12.74%Total risk-based capital ratio
Memoranda
$14Average assets
$472,793Average earning assets
$45,466Average equity
$443,163Average loans
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