Olympic National Bank in Los Angeles, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 02, 1993

  • Olympic National Bank in Los Angeles, California (CA)
  • Show street view No street view available for this location

Olympic National Bank - Overview

  • General
  • FDIC Certificate #: 24564
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Santa Monica Bank (#21189)
    Federal Reserve ID: 811260
    Date Established: June 24, 1983
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Interstate: No)
    FDIC's unique #: 17066
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: June 24, 1983
    Last Structure Change Effective Date: April 02, 1993
    Last Structure Change Process Date: April 05, 1993
    Last Data Update: April 05, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 11355 West Olympic Boulevard, Los Angeles, CA 90064
    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)
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $82.4 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $59Total assets
  • $105,747Cash and due from depository institutions
  • $4,863Interest-bearing balances
  • $3Securities
  • $18,732Federal funds sold & reverse repurchase agreements
  • $5,200Net loans & leases
  • $67,914Loan loss allowance
  • $2,929Trading account assets
  • $0Bank premises and fixed assets
  • $1,065Other real estate owned
  • $5,904Goodwill and other intangibles
  • $1,130Life insurance assets
  • $939All other assets
  • $0Total liabilities and capital
  • $105,747Total liabilities
  • $105,875Total deposits
  • $102,539Interest-bearing deposits
  • $78,361Deposits held in domestic offices
  • 102539.00%% insured (estimated)
  • $83Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,683Subordinated debt
  • $0All other liabilities
  • $653Total equity capital
  • $653Total bank equity capital
  • $-128Perpetual preferred stock
  • $0Common stock
  • $3,000Surplus
  • $4,500Undivided profits
  • Memoranda
  • $-7,628Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,821Income earned, not collected on loans
  • $579Earning assets
  • $91,849Long-term assets (5+ years)
  • $2,802Average Assets, year-to-date
  • $127,802Average Assets, quarterly
  • $108,546Volatile liabilities
  • $15,359Insider loans
  • $865FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $8,183Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-1,067Total risk weighted assets
  • $75,132Total unused commitments
  • $0Restructured Loans and leases
  • $20,000Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $10,059Total interest expense
  • $4,686Net interest income
  • $5,373Provision for loan and lease losses
  • $6,619Total noninterest income
  • $1,339Fiduciary activities
  • $0Service charges on deposit accounts
  • $609Trading account gains & fees
  • $0Additional noninterest income
  • $730Total noninterest expense
  • $6,881Salaries and employee benefits
  • $2,546Premises and equipment expense
  • $1,574Additional noninterest expense
  • $2,761Pre-tax net operating income
  • -$6,788Securities gains (losses)
  • $503Applicable income taxes
  • $0Income before extraordinary items
  • -$6,285Extraordinary gains - net
  • $0Net income attributable to bank
  • -$6,285Net charge-offs
  • $5,520Cash dividends
  • $0Sale, 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
  • 8.84%Cost of funding earning assets
  • 4.12%Net interest margin
  • 4.72%Noninterest income to earning assets
  • 1.18%Noninterest expense to earning assets
  • 6.05%Net operating income to assets
  • -5.31%Return on assets (ROA)
  • -4.92%Pretax return on assets
  • -4.92%Return on equity (ROE)
  • -161.17%Retained earnings to average equity (YTD only)
  • -161.17%Net charge-offs to loans
  • 6.47%Credit loss provision to net charge-offs
  • 119.91%Efficiency ratio
  • 97,631Assets per employee
  • 1.79%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.13%Loss allowance to noncurrent loans
  • 33.20%Noncurrent assets plus other real estate owned to assets
  • 13.92%Noncurrent loans to loans
  • 12.45%Net loans and leases to deposits
  • 66.23%Net loans and leases to core deposits
  • 77.14%Equity capital to assets
  • -0.12%Core capital (leverage) ratio
  • -1.00%Tier 1 risk-based capital ratio
  • -1.42%Total risk-based capital ratio
  • Memoranda
  • -$1Average assets
  • $127,802Average earning assets
  • $3,900Average equity
  • $113,820Average loans

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