FDIC Certificate #: 34850 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Calwest Bank (#26294) Federal Reserve ID: 2664451 Date Established: November 03, 1998 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 61809 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: November 03, 1998 Last Structure Change Effective Date: December 31, 1999 Last Structure Change Process Date: Febuary 09, 2000 Last Data Update: Febuary 09, 2000 Data Source Date: April 05, 2012
Location
Address: 23550 Hawthorne Boulevard, Suite 100, Torrance, CA 90505 County: Los Angeles Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco 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: $20.2 mil
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
10Total employees (full-time equivalent)
$8,908Total assets
$428Cash and due from depository institutions
$0Interest-bearing balances
$172Securities
$7,050Federal funds sold & reverse repurchase agreements
$742Net loans & leases
$17Loan loss allowance
$0Trading account assets
$399Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$117All other assets
$8,908Total liabilities and capital
$4,184Total liabilities
$4,029Total deposits
$3,268Interest-bearing deposits
$4,029Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$155All other liabilities
$4,724Total equity capital
$4,724Total bank equity capital
$4,724Perpetual preferred stock
$0Common stock
$2,864Surplus
$2,803Undivided profits
Memoranda
$-943Noncurrent loans and leases
$0Noncurrent 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)
$4Average Assets, year-to-date
$7,964Average Assets, quarterly
$0Volatile liabilities
$8,908Insider loans
$8,908FHLB advances
$1,802Loans and leases held for sale
$5Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$230Total unused commitments
$0Restructured Loans and leases
$2,902Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$186Total interest income
$74Total interest expense
$112Net interest income
$17Provision for loan and lease losses
$0Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$1,036Total noninterest expense
$343Salaries and employee benefits
$202Premises and equipment expense
$491Additional noninterest expense
-$941Pre-tax net operating income
$0Securities gains (losses)
$2Applicable income taxes
-$943Income before extraordinary items
$0Extraordinary gains - net
-$943Net 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, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
2.34%Yield on earning assets
0.93%Cost of funding earning assets
1.41%Net interest margin
0.00%Noninterest income to earning assets
13.01%Noninterest expense to earning assets
-10.59%Net operating income to assets
-10.59%Return on assets (ROA)
-10.56%Pretax return on assets
-19.96%Return on equity (ROE)
-19.96%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
925,000Assets per employee
0.89%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.24%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
18.42%Net loans and leases to core deposits
33.32%Equity capital to assets
53.03%Core capital (leverage) ratio
60.40%Tier 1 risk-based capital ratio
162.76%Total risk-based capital ratio
Memoranda
$163Average assets
$8,908Average earning assets
$4,724Average equity
$7,964Average loans
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