FDIC Certificate #: 32066 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Federal Bank of California, a Federal Savings Bank (#28536) Federal Reserve ID: 587172 Date Established: January 01, 1978 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 7807 FDIC's unique #: 44900 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Savings Association Insurance Fund (SAIF) Insured commercial Banks: Yes FDIC Insured: Yes SAIF Insured: Yes Oakar Institutions: Yes State Chartered: Yes Date of Deposit Insurance: December 08, 1980 Last Structure Change Effective Date: November 30, 2001 Last Structure Change Process Date: January 24, 2002 Last Data Update: January 24, 2002 Data Source Date: April 05, 2012
Location
Address: 2233 Artesia Boulevard, Redondo Beach, CA 90278 County: Los Angeles Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: Atlanta 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: $69.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
28Total employees (full-time equivalent)
$71,978Total assets
$1,958Cash and due from depository institutions
$592Interest-bearing balances
$1,072Securities
$13,305Federal funds sold & reverse repurchase agreements
$53,909Net loans & leases
$918Loan loss allowance
$0Trading account assets
$1,041Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$693All other assets
$71,978Total liabilities and capital
$64,744Total liabilities
$64,205Total deposits
$58,519Interest-bearing deposits
$64,205Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$539All other liabilities
$7,234Total equity capital
$7,234Total bank equity capital
$7,234Perpetual preferred stock
$0Common stock
$14,870Surplus
$0Undivided profits
Memoranda
$-7,636Noncurrent loans and leases
$25,833Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$248Average Assets, year-to-date
$68,878Average Assets, quarterly
$0Volatile liabilities
$79,608Insider loans
$76,906FHLB advances
$18,177Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$25,833Total unused commitments
$253Restructured Loans and leases
$701Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$7,124Total interest income
$3,023Total interest expense
$4,101Net interest income
$120Provision for loan and lease losses
$310Total noninterest income
$0Fiduciary activities
$130Service charges on deposit accounts
$0Trading account gains & fees
$180Additional noninterest income
$11,629Total noninterest expense
$1,449Salaries and employee benefits
$282Premises and equipment expense
$9,898Additional noninterest expense
-$7,338Pre-tax net operating income
$0Securities gains (losses)
$622Applicable income taxes
-$7,960Income before extraordinary items
$0Extraordinary gains - net
-$7,960Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
10.40%Yield on earning assets
4.41%Cost of funding earning assets
5.99%Net interest margin
0.45%Noninterest income to earning assets
16.98%Noninterest expense to earning assets
-10.00%Net operating income to assets
-10.00%Return on assets (ROA)
-9.22%Pretax return on assets
-58.01%Return on equity (ROE)
-58.01%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
63,319Assets per employee
2.57%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.67%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
83.96%Net loans and leases to core deposits
117.12%Equity capital to assets
10.05%Core capital (leverage) ratio
9.08%Tier 1 risk-based capital ratio
12.94%Total risk-based capital ratio
Memoranda
$14Average assets
$79,608Average earning assets
$13,721Average equity
$68,480Average loans
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