Mid City Bank, National Association in Brea, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 21, 1993

  • Mid City Bank, National Association in Brea, California (CA)
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Mid City Bank, National Association - Overview

  • General
  • FDIC Certificate #: 24452
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Citizens Business Bank (#21716)
    Federal Reserve ID: 849160
    Date Established: April 11, 1983
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 16996
    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: April 11, 1983
    Last Structure Change Effective Date: October 21, 1993
    Last Structure Change Process Date: October 22, 1993
    Last Data Update: October 22, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 2650 East Imperial Highway, Brea, CA 92621
    County: Orange
    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): Orange County, CA (#5945)
    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: Santa Ana-Anaheim-Irvine, CA (#42044)
  • Financial Summary
  • Total assets: $105.7 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $69Total assets
  • $114,232Cash and due from depository institutions
  • $9,873Interest-bearing balances
  • $1,883Securities
  • $4,217Federal funds sold & reverse repurchase agreements
  • $4,616Net loans & leases
  • $82,916Loan loss allowance
  • $1,980Trading account assets
  • $0Bank premises and fixed assets
  • $5,065Other real estate owned
  • $4,380Goodwill and other intangibles
  • $2,920Life insurance assets
  • $245All other assets
  • $0Total liabilities and capital
  • $114,232Total liabilities
  • $109,215Total deposits
  • $107,071Interest-bearing deposits
  • $74,898Deposits held in domestic offices
  • 107071.00%% insured (estimated)
  • $77Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,055Subordinated debt
  • $0All other liabilities
  • $1,089Total equity capital
  • $1,089Total bank equity capital
  • $5,017Perpetual preferred stock
  • $0Common stock
  • $1,750Surplus
  • $3,772Undivided profits
  • Memoranda
  • $-505Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,499Income earned, not collected on loans
  • $576Earning assets
  • $93,632Long-term assets (5+ years)
  • $2,858Average Assets, year-to-date
  • $115,743Average Assets, quarterly
  • $117,009Volatile liabilities
  • $15,240Insider loans
  • $97FHLB advances
  • $0Loans and leases held for sale
  • $3,210Unused loan commitments
  • $14,974Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,772Total risk weighted assets
  • $94,281Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $9,259Total interest expense
  • $3,414Net interest income
  • $5,845Provision for loan and lease losses
  • $2,975Total noninterest income
  • $2,323Fiduciary activities
  • $0Service charges on deposit accounts
  • $350Trading account gains & fees
  • $0Additional noninterest income
  • $1,973Total noninterest expense
  • $8,370Salaries and employee benefits
  • $3,910Premises and equipment expense
  • $649Additional noninterest expense
  • $3,811Pre-tax net operating income
  • -$3,177Securities gains (losses)
  • $0Applicable income taxes
  • -$1,017Income before extraordinary items
  • -$2,160Extraordinary gains - net
  • $0Net income attributable to bank
  • -$2,160Net charge-offs
  • $2,047Cash dividends
  • $124Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.62%Cost of funding earning assets
  • 3.55%Net interest margin
  • 6.07%Noninterest income to earning assets
  • 2.41%Noninterest expense to earning assets
  • 8.69%Net operating income to assets
  • -1.87%Return on assets (ROA)
  • -1.87%Pretax return on assets
  • -2.74%Return on equity (ROE)
  • -32.85%Retained earnings to average equity (YTD only)
  • -34.74%Net charge-offs to loans
  • 2.38%Credit loss provision to net charge-offs
  • 145.33%Efficiency ratio
  • 101,836Assets per employee
  • 1.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -5.74%Loss allowance to loans
  • 2.33%Loss allowance to noncurrent loans
  • 30.47%Noncurrent assets plus other real estate owned to assets
  • 9.52%Noncurrent loans to loans
  • 7.66%Net loans and leases to deposits
  • 77.44%Net loans and leases to core deposits
  • 90.29%Equity capital to assets
  • 4.39%Core capital (leverage) ratio
  • 4.08%Tier 1 risk-based capital ratio
  • 5.06%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $115,743Average earning assets
  • $6,575Average equity
  • $96,295Average loans

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