FDIC Certificate #: 23011 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:First-Citizens Bank & Trust Company (#11063) Federal Reserve ID: 974866 Date Established: December 31, 1979 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 8 (Interstate: No) FDIC's unique #: 16108 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: December 31, 1979 Last Structure Change Effective Date: January 29, 2010 Last Structure Change Process Date: Febuary 01, 2010 Last Data Update: Febuary 01, 2010 Data Source Date: April 05, 2012
Location
Address: 1801 Century Park East, Los Angeles, CA 90067 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: $2,082.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
275Total employees (full-time equivalent)
$2,082,684Total assets
$34,483Cash and due from depository institutions
$14,960Interest-bearing balances
$6,650Securities
$14,260Federal funds sold & reverse repurchase agreements
$1,877,629Net loans & leases
$66,522Loan loss allowance
$0Trading account assets
$3,747Bank premises and fixed assets
$70,245Other real estate owned
$0Goodwill and other intangibles
$7,837Life insurance assets
$75,670All other assets
$2,082,684Total liabilities and capital
$1,962,402Total liabilities
$1,664,450Total deposits
$1,227,473Interest-bearing deposits
$1,664,450Deposits held in domestic offices
71.48%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$284,000Other borrowed funds
$0Subordinated debt
$13,952All other liabilities
$120,282Total equity capital
$120,282Total bank equity capital
$120,282Perpetual preferred stock
$0Common stock
$11,032Surplus
$133,665Undivided profits
Memoranda
$-24,415Noncurrent loans and leases
$212,608Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$364,259Earning assets
$0Long-term assets (5+ years)
$5,885Average Assets, year-to-date
$1,913,499Average Assets, quarterly
$0Volatile liabilities
$2,297,232Insider loans
$2,133,392FHLB advances
$677,259Loans and leases held for sale
$602Unused loan commitments
$214,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$212,608Total unused commitments
$0Restructured Loans and leases
$26,337Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$97,031Total interest income
$35,618Total interest expense
$61,413Net interest income
$124,982Provision for loan and lease losses
$3,982Total noninterest income
$4,962Fiduciary activities
$566Service charges on deposit accounts
$0Trading account gains & fees
-$1,546Additional noninterest income
$74,281Total noninterest expense
$33,075Salaries and employee benefits
$5,705Premises and equipment expense
$35,501Additional noninterest expense
-$133,868Pre-tax net operating income
$609Securities gains (losses)
-$12,594Applicable income taxes
-$120,665Income before extraordinary items
$0Extraordinary gains - net
-$120,665Net income attributable to bank
$0Net charge-offs
-$120,665Cash dividends
$119,796Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.50%Yield on earning assets
1.65%Cost of funding earning assets
2.85%Net interest margin
0.18%Noninterest income to earning assets
3.45%Noninterest expense to earning assets
-5.28%Net operating income to assets
-5.25%Return on assets (ROA)
-5.80%Pretax return on assets
-71.22%Return on equity (ROE)
-71.22%Retained earnings to average equity (YTD only)
5.57%Net charge-offs to loans
104.33%Credit loss provision to net charge-offs
-0.07%Efficiency ratio
113,588Assets per employee
7.57%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.42%Loss allowance to noncurrent loans
18.26%Noncurrent assets plus other real estate owned to assets
20.86%Noncurrent loans to loans
18.74%Net loans and leases to deposits
112.81%Net loans and leases to core deposits
147.71%Equity capital to assets
5.78%Core capital (leverage) ratio
5.54%Tier 1 risk-based capital ratio
5.82%Total risk-based capital ratio
Memoranda
$7Average assets
$2,297,232Average earning assets
$169,429Average equity
$2,154,641Average loans
Total Fiduciary and Related Assets (December 31, 2009)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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