FDIC Certificate #: 34542 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Wilshire State Bank (#23301) Federal Reserve ID: 2668459 Date Established: March 19, 1998 WWW:http://www.lbony.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 59049 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: March 19, 1998 Last Structure Change Effective Date: May 22, 2006 Last Structure Change Process Date: June 29, 2006 Last Data Update: June 29, 2006 Data Source Date: April 05, 2012
Location
Address: 11 West 32nd Street, New York, 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: $55.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
25Total employees (full-time equivalent)
$58,042Total assets
$3,840Cash and due from depository institutions
$0Interest-bearing balances
$15,926Securities
$8,000Federal funds sold & reverse repurchase agreements
$28,537Net loans & leases
$667Loan loss allowance
$0Trading account assets
$682Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,057All other assets
$58,042Total liabilities and capital
$49,045Total liabilities
$48,780Total deposits
$28,385Interest-bearing deposits
$48,780Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$265All other liabilities
$8,997Total equity capital
$8,997Total bank equity capital
$8,997Perpetual preferred stock
$0Common stock
$4,325Surplus
$4,325Undivided profits
Memoranda
$347Noncurrent loans and leases
$3,341Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$250Earning assets
$0Long-term assets (5+ years)
$240Average Assets, year-to-date
$52,463Average Assets, quarterly
$4,729Volatile liabilities
$57,559Insider loans
$55,083FHLB advances
$12,929Loans and leases held for sale
$1,530Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,341Total unused commitments
$0Restructured Loans and leases
$466Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$3,230Total interest income
$441Total interest expense
$2,789Net interest income
$55Provision for loan and lease losses
$1,116Total noninterest income
$0Fiduciary activities
$655Service charges on deposit accounts
$0Trading account gains & fees
$461Additional noninterest income
$3,534Total noninterest expense
$1,840Salaries and employee benefits
$896Premises and equipment expense
$798Additional noninterest expense
$316Pre-tax net operating income
-$8Securities gains (losses)
$136Applicable income taxes
$172Income before extraordinary items
$0Extraordinary gains - net
$172Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$88Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.18%Yield on earning assets
0.84%Cost of funding earning assets
5.34%Net interest margin
2.14%Noninterest income to earning assets
6.77%Noninterest expense to earning assets
0.31%Net operating income to assets
0.30%Return on assets (ROA)
0.54%Pretax return on assets
1.91%Return on equity (ROE)
1.91%Retained earnings to average equity (YTD only)
0.31%Net charge-offs to loans
62.50%Credit loss provision to net charge-offs
4.22%Efficiency ratio
90,499Assets per employee
2.32%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.28%Loss allowance to noncurrent loans
266.80%Noncurrent assets plus other real estate owned to assets
0.43%Noncurrent loans to loans
0.86%Net loans and leases to deposits
58.50%Net loans and leases to core deposits
79.60%Equity capital to assets
15.50%Core capital (leverage) ratio
16.89%Tier 1 risk-based capital ratio
24.73%Total risk-based capital ratio
Memoranda
$26Average assets
$57,559Average earning assets
$8,983Average equity
$52,230Average loans
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