First Charter Bank, National Association - Overview
General
FDIC Certificate #: 24451 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Pacific Western Bank (#24045) Federal Reserve ID: 606569 Date Established: April 06, 1983 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) FDIC's unique #: 16995 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: April 06, 1983 Last Structure Change Effective Date: October 08, 2001 Last Structure Change Process Date: December 11, 2001 Last Data Update: December 11, 2001 Data Source Date: April 05, 2012
Location
Address: 9454 Wilshire Boulevard, Beverly Hills, CA 90212 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: $127.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
46Total employees (full-time equivalent)
$133,332Total assets
$12,385Cash and due from depository institutions
$16Interest-bearing balances
$42,299Securities
$0Federal funds sold & reverse repurchase agreements
$72,698Net loans & leases
$1,109Loan loss allowance
$0Trading account assets
$734Bank premises and fixed assets
$1,296Other real estate owned
$909Goodwill and other intangibles
$0Life insurance assets
$3,011All other assets
$133,332Total liabilities and capital
$123,368Total liabilities
$111,231Total deposits
$76,322Interest-bearing deposits
$111,231Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$11,000Other borrowed funds
$0Subordinated debt
$1,137All other liabilities
$9,964Total equity capital
$9,964Total bank equity capital
$9,964Perpetual preferred stock
$5,045Common stock
$174Surplus
$12,439Undivided profits
Memoranda
$-7,694Noncurrent loans and leases
$19,021Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$111Earning assets
$0Long-term assets (5+ years)
$409Average Assets, year-to-date
$115,013Average Assets, quarterly
$11,149Volatile liabilities
$129,053Insider loans
$132,814FHLB advances
$21,660Loans and leases held for sale
$150Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$19,021Total unused commitments
$1,760Restructured Loans and leases
$1,109Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$8,886Total interest income
$3,633Total interest expense
$5,253Net interest income
-$205Provision for loan and lease losses
$1,974Total noninterest income
$0Fiduciary activities
$383Service charges on deposit accounts
$0Trading account gains & fees
$1,591Additional noninterest income
$6,585Total noninterest expense
$2,899Salaries and employee benefits
$1,083Premises and equipment expense
$2,603Additional noninterest expense
$847Pre-tax net operating income
$5Securities gains (losses)
$2Applicable income taxes
$850Income before extraordinary items
$0Extraordinary gains - net
$850Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$51Sale, conversion, retirement of capital stock, net
$660Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.02%Yield on earning assets
3.28%Cost of funding earning assets
4.74%Net interest margin
1.78%Noninterest income to earning assets
5.94%Noninterest expense to earning assets
0.65%Net operating income to assets
0.66%Return on assets (ROA)
0.66%Pretax return on assets
9.04%Return on equity (ROE)
2.02%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
-401.96%Credit loss provision to net charge-offs
12.59%Efficiency ratio
88,986Assets per employee
2.90%Cash dividends to net income (YTD only)
Condition Ratios (%)
77.65%Loss allowance to loans
1.50%Loss allowance to noncurrent loans
999.10%Noncurrent assets plus other real estate owned to assets
1.06%Noncurrent loans to loans
0.15%Net loans and leases to deposits
65.36%Net loans and leases to core deposits
74.51%Equity capital to assets
7.47%Core capital (leverage) ratio
7.22%Tier 1 risk-based capital ratio
10.10%Total risk-based capital ratio
Memoranda
$11Average assets
$129,053Average earning assets
$9,398Average equity
$110,811Average loans
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