FDIC Certificate #: 57944 Status: Active Federal Reserve ID: 3357219 Date Established: June 10, 2005 WWW:http://www.myopenbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 432260 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: June 10, 2005 Last Structure Change Effective Date: January 07, 2011 Last Structure Change Process Date: January 07, 2011 Last Data Update: January 07, 2011 Data Source Date: April 05, 2012
Location
Address: 1000 Wilshire Boulevard, Suite 100, Los Angeles, CA 90017 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: $142.4 mil Equity capital: $19.4 mil Deposits held in domestic offices: $121.3 mil Return on assets (ROA): 1.14% ($1.6 mil) Quarterly return on assets: 0.38% ($0.5 mil) Return on Equity (ROE): 8.69% ($1.7 mil) Quarterly return on equity: 2.71% ($0.5 mil) Net income: $1.5 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.26% ($1,794.0 mil) Quarterly Pretax return on assets: 0.52% ($740.4 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
42Total employees (full-time equivalent)
$142,383Total assets
$19,595Cash and due from depository institutions
$13,495Interest-bearing balances
$10,023Securities
$0Federal funds sold & reverse repurchase agreements
$106,580Net loans & leases
$4,939Loan loss allowance
$0Trading account assets
$313Bank premises and fixed assets
$0Other real estate owned
$1,466Goodwill and other intangibles
$142,383Life insurance assets
$4,406All other assets
$122,965Total liabilities and capital
$121,281Total liabilities
$87,797Total deposits
$121,281Interest-bearing deposits
$85Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,684Subordinated debt
$19,418All other liabilities
$19,418Total equity capital
$19,418Total bank equity capital
$0Perpetual preferred stock
$38,604Common stock
$409Surplus
$-19,595Undivided profits
Memoranda
$0Noncurrent loans and leases
$2,892Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$4,826Income earned, not collected on loans
$1,390Earning assets
$451Long-term assets (5+ years)
$130,098Average Assets, year-to-date
$12,846Average Assets, quarterly
$134,077Volatile liabilities
$139,330Insider loans
$117,406FHLB advances
$136,760Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$19,233Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$19,276Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$6,632Total interest income
$1,204Total interest expense
$5,428Net interest income
$2,162Provision for loan and lease losses
$5,395Total noninterest income
$0Fiduciary activities
$127Service charges on deposit accounts
$0Trading account gains & fees
$5,268Additional noninterest income
$6,998Total noninterest expense
$4,134Salaries and employee benefits
$775Premises and equipment expense
$2,089Additional noninterest expense
$1,663Pre-tax net operating income
$26Securities gains (losses)
$157Applicable income taxes
$1,532Income before extraordinary items
$0Extraordinary gains - net
$1,532Net income attributable to bank
$0Net charge-offs
$1,532Cash dividends
$1,344Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.31%Yield on earning assets
0.96%Cost of funding earning assets
4.35%Net interest margin
4.32%Noninterest income to earning assets
5.61%Noninterest expense to earning assets
1.12%Net operating income to assets
1.14%Return on assets (ROA)
1.26%Pretax return on assets
8.69%Return on equity (ROE)
8.69%Retained earnings to average equity (YTD only)
1.23%Net charge-offs to loans
160.86%Credit loss provision to net charge-offs
2.85%Efficiency ratio
64,659Assets per employee
3.39%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.43%Loss allowance to noncurrent loans
102.34%Noncurrent assets plus other real estate owned to assets
3.39%Noncurrent loans to loans
4.33%Net loans and leases to deposits
87.88%Net loans and leases to core deposits
89.57%Equity capital to assets
13.64%Core capital (leverage) ratio
14.06%Tier 1 risk-based capital ratio
16.38%Total risk-based capital ratio
Memoranda
$18Average assets
$134,077Average earning assets
$17,635Average equity
$124,853Average loans
List of branches
1 California Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
432260
Open Bank
1000 Wilshire Boulevard, Suite 100, Los Angeles, CA 90017
June 10, 2005
Full Service Brick and Mortar
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