FDIC Certificate #: 24918 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Nara Bank (#27530) Federal Reserve ID: 327613 Date Established: January 25, 1984 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 17272 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: January 25, 1984 Last Structure Change Effective Date: Febuary 25, 2000 Last Structure Change Process Date: March 21, 2000 Last Data Update: March 21, 2000 Data Source Date: April 05, 2012
Location
Address: 29 West 30th Street, New York City, NY 10001 County: New York Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: New York City Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Metropolitan Statistical Area (MSA): New York, NY (#5600) Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70) Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408) Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620) CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620) Core Based Statistical Division: New York-White Plains-Wayne, NY-NJ (#35644)
Financial Summary
Total assets: $75.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
60Total employees (full-time equivalent)
$75,629Total assets
$18,903Cash and due from depository institutions
$0Interest-bearing balances
$9,951Securities
$0Federal funds sold & reverse repurchase agreements
$36,589Net loans & leases
$4,352Loan loss allowance
$0Trading account assets
$9,612Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$574All other assets
$75,629Total liabilities and capital
$66,248Total liabilities
$64,959Total deposits
$38,789Interest-bearing deposits
$64,959Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,289All other liabilities
$9,381Total equity capital
$9,381Total bank equity capital
$9,381Perpetual preferred stock
$0Common stock
$26,500Surplus
$7,500Undivided profits
Memoranda
$-24,619Noncurrent loans and leases
$5,299Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$5,266Earning assets
$0Long-term assets (5+ years)
$312Average Assets, year-to-date
$46,540Average Assets, quarterly
$9,951Volatile liabilities
$110,439Insider loans
$96,207FHLB advances
$13,648Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,299Total unused commitments
$0Restructured Loans and leases
$608Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$7,207Total interest income
$3,326Total interest expense
$3,881Net interest income
$0Provision for loan and lease losses
$2,011Total noninterest income
$0Fiduciary activities
$592Service charges on deposit accounts
$0Trading account gains & fees
$1,419Additional noninterest income
$8,438Total noninterest expense
$4,314Salaries and employee benefits
$1,310Premises and equipment expense
$2,814Additional noninterest expense
-$2,546Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$2,546Income before extraordinary items
$0Extraordinary gains - net
-$2,546Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$1,642Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.95%Yield on earning assets
3.67%Cost of funding earning assets
4.28%Net interest margin
2.22%Noninterest income to earning assets
9.31%Noninterest expense to earning assets
-2.31%Net operating income to assets
-2.31%Return on assets (ROA)
-2.31%Pretax return on assets
-23.29%Return on equity (ROE)
-23.29%Retained earnings to average equity (YTD only)
-2.75%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
143,211Assets per employee
1.26%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
10.63%Loss allowance to noncurrent loans
82.64%Noncurrent assets plus other real estate owned to assets
6.96%Noncurrent loans to loans
12.86%Net loans and leases to deposits
56.33%Net loans and leases to core deposits
71.31%Equity capital to assets
12.40%Core capital (leverage) ratio
7.95%Tier 1 risk-based capital ratio
21.11%Total risk-based capital ratio
Memoranda
$22Average assets
$110,439Average earning assets
$10,933Average equity
$90,648Average loans
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