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)
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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
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $20,049Managed Assets
  • 1Number of Accounts
  • $17,506Personal trust and agency accounts
  • $5,131Employee benefit-defined contribution accounts
  • $21Employee benefit-defined benefit accounts
  • $545Other retirement accounts
  • $1,446Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $10,363Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 64Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $2,543Other retirement accounts
  • $1,408Corporate trust and agency accounts
  • $1,057Other fiduciary accounts
  • $78Fiduciary accounts held in foreign offices

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