First Security Bank of California, N.A. in city_name, state_name

First Security Bank of California, N.A. in West Covina, California (CA)
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First Security Bank of California, N.A. - Overview

General
FDIC Certificate #: 23496
Status: Inactive
Closing history: Consolidated - Without Assistance
Acquiring institution: Wells Fargo Bank, National Association (#3511)
Federal Reserve ID: 163969
Date Established: July 13, 1981
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 17 (Interstate: No)
FDIC's unique #: 16462
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: July 13, 1981
Last Structure Change Effective Date: December 16, 2000
Last Structure Change Process Date: January 05, 2001
Last Data Update: January 05, 2001
Data Source Date: April 05, 2012
Location
Address: 100 North Barranca Street, Suite 1400, West Covina, CA 91791
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)
Financial Summary
Total assets: $1,203.0 mil

1992 - 1999 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, 1999)

Dollar figures in thousands
309Total employees (full-time equivalent)
$1,198,668Total assets
$33,719Cash and due from depository institutions
$5Interest-bearing balances
$298,346Securities
$99,100Federal funds sold & reverse repurchase agreements
$682,742Net loans & leases
$11,285Loan loss allowance
$0Trading account assets
$12,425Bank premises and fixed assets
$291Other real estate owned
$38,908Goodwill and other intangibles
$0Life insurance assets
$33,137All other assets
$1,198,668Total liabilities and capital
$1,063,709Total liabilities
$1,017,584Total deposits
$686,580Interest-bearing deposits
$1,017,584Deposits held in domestic offices
0.00%% insured (estimated)
$2,070Federal funds purchased & repurchase agreements
$0Trading liabilities
$26,750Other borrowed funds
$0Subordinated debt
$17,305All other liabilities
$134,959Total equity capital
$134,959Total bank equity capital
$134,959Perpetual preferred stock
$0Common stock
$10,000Surplus
$91,325Undivided profits
Memoranda
$33,634Noncurrent loans and leases
$239,844Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,833Earning assets
$0Long-term assets (5+ years)
$3,779Average Assets, year-to-date
$1,080,193Average Assets, quarterly
$239,486Volatile liabilities
$1,218,331Insider loans
$1,228,587FHLB advances
$116,012Loans and leases held for sale
$194Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$21,223Total risk weighted assets
$239,844Total unused commitments
$0Restructured Loans and leases
$11,280Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$86,355Total interest income
$27,848Total interest expense
$58,507Net interest income
-$48Provision for loan and lease losses
$5,952Total noninterest income
$0Fiduciary activities
$3,056Service charges on deposit accounts
$0Trading account gains & fees
$2,896Additional noninterest income
$35,145Total noninterest expense
$16,621Salaries and employee benefits
$5,827Premises and equipment expense
$12,697Additional noninterest expense
$29,362Pre-tax net operating income
$72Securities gains (losses)
$12,176Applicable income taxes
$17,258Income before extraordinary items
$0Extraordinary gains - net
$17,258Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$34Sale, conversion, retirement of capital stock, net
$22,500Net operating income

Performance and Condition Ratios (December 31, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.02%Yield on earning assets
2.59%Cost of funding earning assets
5.44%Net interest margin
0.55%Noninterest income to earning assets
3.27%Noninterest expense to earning assets
1.41%Net operating income to assets
1.42%Return on assets (ROA)
2.42%Pretax return on assets
12.96%Return on equity (ROE)
-3.94%Retained earnings to average equity (YTD only)
-0.01%Net charge-offs to loans
141.18%Credit loss provision to net charge-offs
0.00%Efficiency ratio
49,911Assets per employee
3.88%Cash dividends to net income (YTD only)
Condition Ratios (%)
130.37%Loss allowance to loans
1.63%Loss allowance to noncurrent loans
398.34%Noncurrent assets plus other real estate owned to assets
0.26%Noncurrent loans to loans
0.41%Net loans and leases to deposits
67.09%Net loans and leases to core deposits
75.55%Equity capital to assets
11.26%Core capital (leverage) ratio
8.18%Tier 1 risk-based capital ratio
11.32%Total risk-based capital ratio
Memoranda
$13Average assets
$1,218,331Average earning assets
$133,118Average equity
$1,076,182Average loans

First Security Bank of California, N.A. in West Covina, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Security Bank of California, N.A. - Overview

Assets and Liabilities (December 31, 1999)

Income and Expense (December 31, 1999)

Performance and Condition Ratios (December 31, 1999)

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

First Security Bank of California, N.A. in West Covina, California (CA)Overview, Financial Summary, Detailed Financial Reports, Branches

First Security Bank of California, N.A. - Overview

Assets and Liabilities (December 31, 1999)

Income and Expense (December 31, 1999)

Performance and Condition Ratios (December 31, 1999)

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

First Security Bank of California, N.A. in West Covina, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches