FDIC Certificate #: 20042 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bank of Orange County (#23130) Federal Reserve ID: 342960 Date Established: September 29, 1969 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 4 (Interstate: No) OTS Docket #: 14742 FDIC's unique #: 13770 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: September 29, 1969 Last Structure Change Effective Date: August 16, 2002 Last Structure Change Process Date: October 16, 2002 Last Data Update: October 16, 2002 Data Source Date: April 05, 2012
Location
Address: 18300 Pioneer Boulevard, Artesia, CA 90701 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: $96.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
50Total employees (full-time equivalent)
$98,002Total assets
$7,069Cash and due from depository institutions
$7Interest-bearing balances
$35,021Securities
$11,450Federal funds sold & reverse repurchase agreements
$33,928Net loans & leases
$1,597Loan loss allowance
$0Trading account assets
$3,985Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$6,549All other assets
$98,002Total liabilities and capital
$92,396Total liabilities
$88,769Total deposits
$53,070Interest-bearing deposits
$88,769Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$188Other borrowed funds
$0Subordinated debt
$3,439All other liabilities
$5,606Total equity capital
$5,606Total bank equity capital
$5,606Perpetual preferred stock
$0Common stock
$6,421Surplus
$140Undivided profits
Memoranda
$-955Noncurrent loans and leases
$8,139Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,610Earning assets
$0Long-term assets (5+ years)
$536Average Assets, year-to-date
$80,406Average Assets, quarterly
$12,358Volatile liabilities
$109,619Insider loans
$98,590FHLB advances
$6,741Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,139Total unused commitments
$0Restructured Loans and leases
$680Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$6,471Total interest income
$1,900Total interest expense
$4,571Net interest income
$3,188Provision for loan and lease losses
$1,484Total noninterest income
$0Fiduciary activities
$1,036Service charges on deposit accounts
$0Trading account gains & fees
$448Additional noninterest income
$7,146Total noninterest expense
$2,686Salaries and employee benefits
$773Premises and equipment expense
$3,687Additional noninterest expense
-$4,279Pre-tax net operating income
-$47Securities gains (losses)
$532Applicable income taxes
-$4,858Income before extraordinary items
$0Extraordinary gains - net
-$4,858Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$4,242Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.27%Yield on earning assets
2.13%Cost of funding earning assets
5.13%Net interest margin
1.67%Noninterest income to earning assets
8.03%Noninterest expense to earning assets
-4.39%Net operating income to assets
-4.43%Return on assets (ROA)
-3.95%Pretax return on assets
-58.72%Return on equity (ROE)
-58.72%Retained earnings to average equity (YTD only)
8.37%Net charge-offs to loans
75.15%Credit loss provision to net charge-offs
-0.26%Efficiency ratio
118,018Assets per employee
1.96%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.50%Loss allowance to noncurrent loans
61.19%Noncurrent assets plus other real estate owned to assets
2.66%Noncurrent loans to loans
7.35%Net loans and leases to deposits
38.22%Net loans and leases to core deposits
41.36%Equity capital to assets
5.72%Core capital (leverage) ratio
5.61%Tier 1 risk-based capital ratio
10.39%Total risk-based capital ratio
Memoranda
$12Average assets
$109,619Average earning assets
$8,273Average equity
$89,031Average loans
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