FDIC Certificate #: 32193 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Grandpoint Bank (#58390) Federal Reserve ID: 621674 Date Established: January 01, 1983 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 7981 FDIC's unique #: 45027 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: Febuary 03, 1984 Last Structure Change Effective Date: December 28, 2010 Last Structure Change Process Date: January 21, 2011 Last Data Update: January 21, 2011 Data Source Date: April 05, 2012
Location
Address: 16861 Ventura Boulevard, Suite 100, Encino, CA 91436 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: $357.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
56Total employees (full-time equivalent)
$340,765Total assets
$36,636Cash and due from depository institutions
$10,410Interest-bearing balances
$30,328Securities
$10,000Federal funds sold & reverse repurchase agreements
$248,889Net loans & leases
$8,017Loan loss allowance
$0Trading account assets
$490Bank premises and fixed assets
$0Other real estate owned
$14Goodwill and other intangibles
$6,238Life insurance assets
$14,408All other assets
$340,765Total liabilities and capital
$305,320Total liabilities
$304,156Total deposits
$217,554Interest-bearing deposits
$304,156Deposits held in domestic offices
57.22%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,164All other liabilities
$35,445Total equity capital
$35,445Total bank equity capital
$35,445Perpetual preferred stock
$0Common stock
$13,693Surplus
$10,122Undivided profits
Memoranda
$11,630Noncurrent loans and leases
$42,171Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$8,791Earning assets
$0Long-term assets (5+ years)
$1,033Average Assets, year-to-date
$299,627Average Assets, quarterly
$60,250Volatile liabilities
$321,345Insider loans
$334,275FHLB advances
$28,164Loans and leases held for sale
$6,007Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$42,171Total unused commitments
$11,086Restructured Loans and leases
$3,645Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$15,275Total interest income
$2,784Total interest expense
$12,491Net interest income
$3,105Provision for loan and lease losses
$1,239Total noninterest income
$0Fiduciary activities
$734Service charges on deposit accounts
$0Trading account gains & fees
$505Additional noninterest income
$8,968Total noninterest expense
$5,375Salaries and employee benefits
$824Premises and equipment expense
$2,769Additional noninterest expense
$1,657Pre-tax net operating income
$0Securities gains (losses)
$629Applicable income taxes
$1,028Income before extraordinary items
$0Extraordinary gains - net
$1,028Net income attributable to bank
$0Net charge-offs
$1,028Cash dividends
$2,438Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.34%Yield on earning assets
0.97%Cost of funding earning assets
4.37%Net interest margin
0.43%Noninterest income to earning assets
3.13%Noninterest expense to earning assets
0.32%Net operating income to assets
0.32%Return on assets (ROA)
0.52%Pretax return on assets
2.97%Return on equity (ROE)
2.97%Retained earnings to average equity (YTD only)
0.96%Net charge-offs to loans
127.36%Credit loss provision to net charge-offs
1.95%Efficiency ratio
65,317Assets per employee
6.09%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.12%Loss allowance to noncurrent loans
91.20%Noncurrent assets plus other real estate owned to assets
2.58%Noncurrent loans to loans
3.42%Net loans and leases to deposits
81.83%Net loans and leases to core deposits
90.18%Equity capital to assets
10.40%Core capital (leverage) ratio
10.48%Tier 1 risk-based capital ratio
12.34%Total risk-based capital ratio
Memoranda
$14Average assets
$321,345Average earning assets
$34,637Average equity
$286,078Average loans
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