FDIC Certificate #: 31981 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Federal Bank of California, a Federal Savings Bank (#28536) Federal Reserve ID: 719674 Date Established: January 01, 1977 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 7687 FDIC's unique #: 44815 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: August 30, 1979 Last Structure Change Effective Date: November 30, 2001 Last Structure Change Process Date: December 11, 2001 Last Data Update: December 11, 2001 Data Source Date: April 05, 2012
Location
Address: 3422 Carson Street, Torrance, CA 90503 County: Los Angeles Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: Atlanta 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: $130.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
31Total employees (full-time equivalent)
$120,580Total assets
$1,459Cash and due from depository institutions
$0Interest-bearing balances
$0Securities
$6,250Federal funds sold & reverse repurchase agreements
$110,434Net loans & leases
$1,023Loan loss allowance
$0Trading account assets
$483Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,954All other assets
$120,580Total liabilities and capital
$111,516Total liabilities
$110,923Total deposits
$107,538Interest-bearing deposits
$110,923Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$593All other liabilities
$9,064Total equity capital
$9,064Total bank equity capital
$9,064Perpetual preferred stock
$0Common stock
$1,332Surplus
$6,782Undivided profits
Memoranda
$950Noncurrent loans and leases
$3,735Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$613Earning assets
$0Long-term assets (5+ years)
$666Average Assets, year-to-date
$116,684Average Assets, quarterly
$0Volatile liabilities
$125,784Insider loans
$123,766FHLB advances
$26,986Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,735Total unused commitments
$431Restructured Loans and leases
$859Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$9,341Total interest income
$5,573Total interest expense
$3,768Net interest income
$60Provision for loan and lease losses
$416Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$416Additional noninterest income
$8,315Total noninterest expense
$1,574Salaries and employee benefits
$804Premises and equipment expense
$5,937Additional noninterest expense
-$4,191Pre-tax net operating income
$129Securities gains (losses)
$456Applicable income taxes
-$4,518Income before extraordinary items
$0Extraordinary gains - net
-$4,518Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.01%Yield on earning assets
4.78%Cost of funding earning assets
3.23%Net interest margin
0.36%Noninterest income to earning assets
7.13%Noninterest expense to earning assets
-3.69%Net operating income to assets
-3.59%Return on assets (ROA)
-3.23%Pretax return on assets
-35.08%Return on equity (ROE)
-35.08%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
69,790Assets per employee
3.89%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.92%Loss allowance to noncurrent loans
166.88%Noncurrent assets plus other real estate owned to assets
0.51%Noncurrent loans to loans
0.55%Net loans and leases to deposits
99.56%Net loans and leases to core deposits
131.57%Equity capital to assets
7.52%Core capital (leverage) ratio
7.52%Tier 1 risk-based capital ratio
13.22%Total risk-based capital ratio
Memoranda
$14Average assets
$125,784Average earning assets
$12,878Average equity
$116,674Average loans
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