Harbor Bank in Long Beach, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 09, 1998

  • Harbor Bank in Long Beach, California (CA)
  • Show street view No street view available for this location

Harbor Bank - Overview

  • General
  • FDIC Certificate #: 21581
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: City National Bank (#17281)
    Federal Reserve ID: 221962
    Date Established: May 13, 1974
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Interstate: No)
    FDIC's unique #: 14927
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: May 13, 1974
    Last Structure Change Effective Date: January 09, 1998
    Last Structure Change Process Date: January 21, 1998
    Last Data Update: January 24, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 11 Golden Shore Avenue, Long Beach, CA 90802
    County: Los Angeles
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Orange
    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: $241.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 82Total employees (full-time equivalent)
  • $241,808Total assets
  • $19,318Cash and due from depository institutions
  • $396Interest-bearing balances
  • $10,388Securities
  • $57,200Federal funds sold & reverse repurchase agreements
  • $150,041Net loans & leases
  • $2,744Loan loss allowance
  • $0Trading account assets
  • $1,622Bank premises and fixed assets
  • $329Other real estate owned
  • $151Goodwill and other intangibles
  • $0Life insurance assets
  • $2,759All other assets
  • $241,808Total liabilities and capital
  • $224,612Total liabilities
  • $221,331Total deposits
  • $152,808Interest-bearing deposits
  • $221,331Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,330Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $951All other liabilities
  • $17,196Total equity capital
  • $17,196Total bank equity capital
  • $17,196Perpetual preferred stock
  • $0Common stock
  • $1,560Surplus
  • $4,840Undivided profits
  • Memoranda
  • $10,796Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,893Earning assets
  • $0Long-term assets (5+ years)
  • $764Average Assets, year-to-date
  • $218,025Average Assets, quarterly
  • $19,126Volatile liabilities
  • $220,545Insider loans
  • $241,755FHLB advances
  • $45,706Loans and leases held for sale
  • $2,212Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $26,543Total unused commitments
  • $0Restructured Loans and leases
  • $164,618Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $16,663Total interest income
  • $3,669Total interest expense
  • $12,994Net interest income
  • $685Provision for loan and lease losses
  • $1,100Total noninterest income
  • $0Fiduciary activities
  • $910Service charges on deposit accounts
  • $0Trading account gains & fees
  • $190Additional noninterest income
  • $10,495Total noninterest expense
  • $3,683Salaries and employee benefits
  • $2,372Premises and equipment expense
  • $4,440Additional noninterest expense
  • $2,914Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,113Applicable income taxes
  • $1,801Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,801Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $678Sale, conversion, retirement of capital stock, net
  • $181Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.58%Yield on earning assets
  • 1.89%Cost of funding earning assets
  • 6.69%Net interest margin
  • 0.57%Noninterest income to earning assets
  • 5.40%Noninterest expense to earning assets
  • 0.82%Net operating income to assets
  • 0.82%Return on assets (ROA)
  • 1.32%Pretax return on assets
  • 11.01%Return on equity (ROE)
  • 9.90%Retained earnings to average equity (YTD only)
  • 0.46%Net charge-offs to loans
  • 101.03%Credit loss provision to net charge-offs
  • 5.31%Efficiency ratio
  • 73,904Assets per employee
  • 2.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 10.05%Loss allowance to loans
  • 1.80%Loss allowance to noncurrent loans
  • 94.85%Noncurrent assets plus other real estate owned to assets
  • 1.33%Noncurrent loans to loans
  • 1.89%Net loans and leases to deposits
  • 67.79%Net loans and leases to core deposits
  • 84.31%Equity capital to assets
  • 7.11%Core capital (leverage) ratio
  • 7.25%Tier 1 risk-based capital ratio
  • 10.32%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $220,545Average earning assets
  • $16,360Average equity
  • $194,302Average loans

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