FDIC Certificate #: 24308 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Pacific Western Bank (#24045) Federal Reserve ID: 714361 Date Established: Febuary 15, 1983 WWW:http://www.firstamerbank.com Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 4 (Interstate: No) FDIC's unique #: 16910 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: Febuary 15, 1983 Last Structure Change Effective Date: August 12, 2005 Last Structure Change Process Date: September 20, 2005 Last Data Update: September 20, 2005 Data Source Date: April 05, 2012
Location
Address: 8941 East Valley Boulevard, Rosemead, CA 91770 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: $238.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
Dollar figures in thousands
76Total employees (full-time equivalent)
$224,519Total assets
$15,114Cash and due from depository institutions
$35Interest-bearing balances
$90,450Securities
$11,000Federal funds sold & reverse repurchase agreements
$100,658Net loans & leases
$1,520Loan loss allowance
$0Trading account assets
$2,127Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$5,170All other assets
$224,519Total liabilities and capital
$204,361Total liabilities
$189,074Total deposits
$114,353Interest-bearing deposits
$189,074Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$12,505Other borrowed funds
$0Subordinated debt
$2,782All other liabilities
$20,158Total equity capital
$20,158Total bank equity capital
$20,158Perpetual preferred stock
$0Common stock
$12,373Surplus
$0Undivided profits
Memoranda
$7,785Noncurrent loans and leases
$53,536Noncurrent 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)
$1,287Average Assets, year-to-date
$202,143Average Assets, quarterly
$30,206Volatile liabilities
$217,934Insider loans
$224,189FHLB advances
$20,362Loans and leases held for sale
$479Unused loan commitments
$12,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$53,536Total unused commitments
$0Restructured Loans and leases
$1,566Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$10,098Total interest income
$1,384Total interest expense
$8,714Net interest income
-$96Provision for loan and lease losses
$1,657Total noninterest income
$0Fiduciary activities
$1,076Service charges on deposit accounts
$0Trading account gains & fees
$581Additional noninterest income
$7,265Total noninterest expense
$3,869Salaries and employee benefits
$896Premises and equipment expense
$2,500Additional noninterest expense
$3,202Pre-tax net operating income
$306Securities gains (losses)
$1,266Applicable income taxes
$2,242Income before extraordinary items
$0Extraordinary gains - net
$2,242Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$132Sale, conversion, retirement of capital stock, net
$678Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.13%Yield on earning assets
0.70%Cost of funding earning assets
4.42%Net interest margin
0.84%Noninterest income to earning assets
3.69%Noninterest expense to earning assets
0.94%Net operating income to assets
1.03%Return on assets (ROA)
1.61%Pretax return on assets
11.30%Return on equity (ROE)
7.89%Retained earnings to average equity (YTD only)
-0.13%Net charge-offs to loans
72.73%Credit loss provision to net charge-offs
0.00%Efficiency ratio
70,051Assets per employee
2.95%Cash dividends to net income (YTD only)
Condition Ratios (%)
30.24%Loss allowance to loans
1.49%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
53.24%Net loans and leases to core deposits
57.78%Equity capital to assets
8.98%Core capital (leverage) ratio
9.04%Tier 1 risk-based capital ratio
16.11%Total risk-based capital ratio
Memoranda
$17Average assets
$217,934Average earning assets
$19,834Average equity
$196,939Average loans
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