First Federal Bank of California, a Federal Savings Bank
First Federal Bank of California, a Federal Savings Bank in Santa Monica, California (CA) Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of December 18, 2009
First Federal Bank of California, a Federal Savings Bank in Santa Monica, California (CA)
First Federal Bank of California, a Federal Savings Bank - Overview
General
FDIC Certificate #: 28536 Status: Inactive Closing history: Corrections Acquiring institution:OneWest Bank, FSB (#58978) Federal Reserve ID: 603876 Date Established: January 01, 1929 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 1792 FDIC's unique #: 41370 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: August 26, 1935 Last Structure Change Effective Date: December 18, 2009 Last Structure Change Process Date: December 22, 2009 Last Data Update: December 22, 2009 Data Source Date: April 05, 2012
Location
Address: 401 Wilshire Boulevard, Santa Monica, CA 90401 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)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $6,143.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
603Total employees (full-time equivalent)
$7,450,448Total assets
$391,561Cash and due from depository institutions
$337,341Interest-bearing balances
$363,552Securities
$0Federal funds sold & reverse repurchase agreements
$6,254,678Net loans & leases
$326,919Loan loss allowance
$0Trading account assets
$24,102Bank premises and fixed assets
$117,664Other real estate owned
$48Goodwill and other intangibles
$700Life insurance assets
$298,843All other assets
$7,450,448Total liabilities and capital
$7,048,974Total liabilities
$4,914,452Total deposits
$4,573,211Interest-bearing deposits
$4,914,452Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,085,000Other borrowed funds
$0Subordinated debt
$49,522All other liabilities
$401,474Total equity capital
$401,474Total bank equity capital
$401,474Perpetual preferred stock
$0Common stock
$0Surplus
$198,305Undivided profits
Memoranda
$203,169Noncurrent loans and leases
$430,199Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$403,818Earning assets
$0Long-term assets (5+ years)
$30,060Average Assets, year-to-date
$6,955,571Average Assets, quarterly
$0Volatile liabilities
$7,258,244Insider loans
$7,402,146FHLB advances
$3,014,038Loans and leases held for sale
$7,184Unused loan commitments
$2,060,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$430,199Total unused commitments
$572,307Restructured Loans and leases
$53,597Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$412,824Total interest income
$224,219Total interest expense
$188,605Net interest income
$570,800Provision for loan and lease losses
$11,882Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$11,882Additional noninterest income
$83,774Total noninterest expense
$44,612Salaries and employee benefits
$16,794Premises and equipment expense
$22,368Additional noninterest expense
-$454,087Pre-tax net operating income
$20Securities gains (losses)
-$58,214Applicable income taxes
-$395,853Income before extraordinary items
$0Extraordinary gains - net
-$395,853Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$367,040Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.09%Yield on earning assets
3.30%Cost of funding earning assets
2.78%Net interest margin
0.18%Noninterest income to earning assets
1.23%Noninterest expense to earning assets
-5.45%Net operating income to assets
-5.45%Return on assets (ROA)
-6.26%Pretax return on assets
-60.88%Return on equity (ROE)
-60.88%Retained earnings to average equity (YTD only)
5.57%Net charge-offs to loans
155.51%Credit loss provision to net charge-offs
0.32%Efficiency ratio
41,553Assets per employee
12.36%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.97%Loss allowance to noncurrent loans
80.96%Noncurrent assets plus other real estate owned to assets
7.00%Noncurrent loans to loans
6.14%Net loans and leases to deposits
127.27%Net loans and leases to core deposits
156.94%Equity capital to assets
5.39%Core capital (leverage) ratio
5.35%Tier 1 risk-based capital ratio
9.93%Total risk-based capital ratio
Memoranda
$11Average assets
$7,258,244Average earning assets
$650,176Average equity
$6,784,248Average loans
Total Fiduciary and Related Assets (December 31, 2008)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
First Federal Bank of California, a Federal Savings Bank
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