First Interstate Bank of California in city_name, state_name

First Interstate Bank of California in Los Angeles, California (CA)
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First Interstate Bank of California - Overview

General
FDIC Certificate #: 1226
Status: Inactive
Closing history: Corrections
Acquiring institution: Wells Fargo Bank, National Association (#3511)
Federal Reserve ID: 669667
Date Established: January 01, 1903
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 440 (Interstate: No)
FDIC's unique #: 841
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: April 01, 1996
Last Structure Change Process Date: April 11, 1996
Last Data Update: April 11, 1996
Data Source Date: April 05, 2012
Location
Address: 707 Wilshire Boulevard, W25-1, Los Angeles, CA 90017
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)
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $24,061.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$5,705Total assets
$26,555,756Cash and due from depository institutions
$2,761,550Interest-bearing balances
$9,419Securities
$4,210,068Federal funds sold & reverse repurchase agreements
$3,070,133Net loans & leases
$15,078,821Loan loss allowance
$373,676Trading account assets
$0Bank premises and fixed assets
$414,606Other real estate owned
$43,203Goodwill and other intangibles
$637,463Life insurance assets
$339,912All other assets
$0Total liabilities and capital
$26,555,756Total liabilities
$24,492,507Total deposits
$22,410,104Interest-bearing deposits
$12,506,978Deposits held in domestic offices
22108140.00%% insured (estimated)
$63Federal funds purchased & repurchase agreements
$1,531,560Trading liabilities
$0Other borrowed funds
$222,456Subordinated debt
$75,000All other liabilities
$253,387Total equity capital
$253,387Total bank equity capital
$2,063,249Perpetual preferred stock
$0Common stock
$428,182Surplus
$664,694Undivided profits
Memoranda
$970,373Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$152,151Income earned, not collected on loans
$95,019Earning assets
$22,368,441Long-term assets (5+ years)
$6,427,797Average Assets, year-to-date
$25,657,206Average Assets, quarterly
$25,769,246Volatile liabilities
$2,645,560Insider loans
$232FHLB advances
$0Loans and leases held for sale
$65,308Unused loan commitments
$16,612,540Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,752,176Total risk weighted assets
$20,574,035Total unused commitments
$0Restructured Loans and leases
$3,939,944Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$1,670,646Total interest expense
$508,053Net interest income
$1,162,593Provision for loan and lease losses
$0Total noninterest income
$455,532Fiduciary activities
$66,408Service charges on deposit accounts
$229,597Trading account gains & fees
$114Additional noninterest income
$159,413Total noninterest expense
$902,944Salaries and employee benefits
$280,013Premises and equipment expense
$125,918Additional noninterest expense
$497,013Pre-tax net operating income
$715,181Securities gains (losses)
$1,109Applicable income taxes
$308,505Income before extraordinary items
$407,785Extraordinary gains - net
$0Net income attributable to bank
$407,785Net charge-offs
$101,847Cash dividends
$258,431Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.78%Cost of funding earning assets
2.37%Net interest margin
5.42%Noninterest income to earning assets
2.12%Noninterest expense to earning assets
4.21%Net operating income to assets
1.59%Return on assets (ROA)
1.59%Pretax return on assets
2.79%Return on equity (ROE)
20.61%Retained earnings to average equity (YTD only)
7.55%Net charge-offs to loans
0.69%Credit loss provision to net charge-offs
0.00%Efficiency ratio
53,873Assets per employee
4.65%Cash dividends to net income (YTD only)
Condition Ratios (%)
63.37%Loss allowance to loans
2.42%Loss allowance to noncurrent loans
245.60%Noncurrent assets plus other real estate owned to assets
0.74%Noncurrent loans to loans
0.98%Net loans and leases to deposits
67.29%Net loans and leases to core deposits
70.36%Equity capital to assets
7.77%Core capital (leverage) ratio
7.21%Tier 1 risk-based capital ratio
8.52%Total risk-based capital ratio
Memoranda
$10Average assets
$25,657,206Average earning assets
$1,978,356Average equity
$21,469,140Average loans

First Interstate Bank of California in Los Angeles, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Interstate Bank of California - Overview

Assets and Liabilities (December 31, 1995)

Income and Expense (December 31, 1995)

Performance and Condition Ratios (December 31, 1995)

Comment about this bank, ask questions, or add new information about it:

First Interstate Bank of California in Los Angeles, California (CA)Overview, Financial Summary, Detailed Financial Reports, Branches

First Interstate Bank of California - Overview

Assets and Liabilities (December 31, 1995)

Income and Expense (December 31, 1995)

Performance and Condition Ratios (December 31, 1995)

Comment about this bank, ask questions, or add new information about it:

First Interstate Bank of California in Los Angeles, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches