Culver National Bank in Culver City, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 1997

  • Culver National Bank in Culver City, California (CA)
  • Show street view No street view available for this location

Culver National Bank - Overview

  • General
  • FDIC Certificate #: 25250
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank of Los Angeles (#23790)
    Federal Reserve ID: 720867
    Date Established: June 18, 1984
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    OTS Docket #: 13935
    FDIC's unique #: 17456
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: June 18, 1984
    Last Structure Change Effective Date: December 31, 1997
    Last Structure Change Process Date: January 22, 1998
    Last Data Update: January 22, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 5399 Sepulveda, Culver City, CA 90231
    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: $60.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $24Total assets
  • $60,025Cash and due from depository institutions
  • $6,287Interest-bearing balances
  • $3,502Securities
  • $22,885Federal funds sold & reverse repurchase agreements
  • $1,200Net loans & leases
  • $27,169Loan loss allowance
  • $678Trading account assets
  • $0Bank premises and fixed assets
  • $69Other real estate owned
  • $0Goodwill and other intangibles
  • $2,415Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $60,025Total liabilities
  • $54,085Total deposits
  • $53,440Interest-bearing deposits
  • $43,232Deposits held in domestic offices
  • 53440.00%% insured (estimated)
  • $82Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $645Total equity capital
  • $645Total bank equity capital
  • $5,940Perpetual preferred stock
  • $0Common stock
  • $1,575Surplus
  • $1,620Undivided profits
  • Memoranda
  • $2,745Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,319Income earned, not collected on loans
  • $190Earning assets
  • $54,756Long-term assets (5+ years)
  • $10,409Average Assets, year-to-date
  • $58,912Average Assets, quarterly
  • $59,437Volatile liabilities
  • $10,268Insider loans
  • $95FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $3,341Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $6,215Total risk weighted assets
  • $35,113Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $4,221Total interest expense
  • $1,692Net interest income
  • $2,529Provision for loan and lease losses
  • $215Total noninterest income
  • $681Fiduciary activities
  • $0Service charges on deposit accounts
  • $507Trading account gains & fees
  • $0Additional noninterest income
  • $174Total noninterest expense
  • $2,442Salaries and employee benefits
  • $1,003Premises and equipment expense
  • $306Additional noninterest expense
  • $1,133Pre-tax net operating income
  • $553Securities gains (losses)
  • $78Applicable income taxes
  • $258Income before extraordinary items
  • $373Extraordinary gains - net
  • $0Net income attributable to bank
  • $373Net charge-offs
  • $97Cash dividends
  • $79Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.83%Cost of funding earning assets
  • 3.14%Net interest margin
  • 4.69%Noninterest income to earning assets
  • 1.26%Noninterest expense to earning assets
  • 4.53%Net operating income to assets
  • 0.55%Return on assets (ROA)
  • 0.63%Pretax return on assets
  • 1.07%Return on equity (ROE)
  • 6.46%Retained earnings to average equity (YTD only)
  • 5.09%Net charge-offs to loans
  • 0.38%Credit loss provision to net charge-offs
  • 221.65%Efficiency ratio
  • 76,075Assets per employee
  • 2.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 21.18%Loss allowance to loans
  • 2.43%Loss allowance to noncurrent loans
  • 51.40%Noncurrent assets plus other real estate owned to assets
  • 2.20%Noncurrent loans to loans
  • 4.74%Net loans and leases to deposits
  • 50.84%Net loans and leases to core deposits
  • 62.93%Equity capital to assets
  • 9.90%Core capital (leverage) ratio
  • 10.27%Tier 1 risk-based capital ratio
  • 17.70%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $58,912Average earning assets
  • $5,774Average equity
  • $53,916Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Culver National Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents