FDIC Certificate #: 23263 Status: Inactive Closing history: Participated in Reorganization Acquiring institution:Pacific Western Bank (#24045) Federal Reserve ID: 652164 Date Established: November 13, 1980 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 5 (Interstate: No) FDIC's unique #: 16301 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 13, 1980 Last Structure Change Effective Date: January 23, 2002 Last Structure Change Process Date: March 14, 2002 Last Data Update: March 14, 2002 Data Source Date: April 05, 2012
Location
Address: 8810 East Whittier Boulevard, Pico Rivera, CA 90660 County: Los Angeles Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Los Angeles (North) 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
Merger - Without Assistance
Participated in Reorganization
Financial Summary
Total assets: $258.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
81Total employees (full-time equivalent)
$258,554Total assets
$9,996Cash and due from depository institutions
$0Interest-bearing balances
$20,263Securities
$31,200Federal funds sold & reverse repurchase agreements
$190,670Net loans & leases
$1,908Loan loss allowance
$0Trading account assets
$3,103Bank premises and fixed assets
$0Other real estate owned
$78Goodwill and other intangibles
$0Life insurance assets
$3,244All other assets
$258,554Total liabilities and capital
$239,173Total liabilities
$238,223Total deposits
$198,445Interest-bearing deposits
$238,223Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$950All other liabilities
$19,381Total equity capital
$19,381Total bank equity capital
$19,381Perpetual preferred stock
$0Common stock
$1,536Surplus
$5,860Undivided profits
Memoranda
$11,985Noncurrent loans and leases
$44,515Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,444Earning assets
$0Long-term assets (5+ years)
$1,266Average Assets, year-to-date
$242,133Average Assets, quarterly
$25,521Volatile liabilities
$231,416Insider loans
$259,505FHLB advances
$47,644Loans and leases held for sale
$2,096Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$44,515Total unused commitments
$701Restructured Loans and leases
$2,055Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$19,961Total interest income
$7,622Total interest expense
$12,339Net interest income
$1,243Provision for loan and lease losses
$1,372Total noninterest income
$0Fiduciary activities
$983Service charges on deposit accounts
$0Trading account gains & fees
$389Additional noninterest income
$9,661Total noninterest expense
$4,534Salaries and employee benefits
$1,843Premises and equipment expense
$3,284Additional noninterest expense
$2,807Pre-tax net operating income
$0Securities gains (losses)
$1,155Applicable income taxes
$1,652Income before extraordinary items
$0Extraordinary gains - net
$1,652Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$996Sale, conversion, retirement of capital stock, net
$2Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.33%Yield on earning assets
3.56%Cost of funding earning assets
5.77%Net interest margin
0.64%Noninterest income to earning assets
4.52%Noninterest expense to earning assets
0.71%Net operating income to assets
0.71%Return on assets (ROA)
1.21%Pretax return on assets
8.91%Return on equity (ROE)
8.90%Retained earnings to average equity (YTD only)
0.55%Net charge-offs to loans
124.80%Credit loss provision to net charge-offs
4.07%Efficiency ratio
69,834Assets per employee
3.19%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.12%Loss allowance to loans
0.99%Loss allowance to noncurrent loans
132.13%Noncurrent assets plus other real estate owned to assets
0.56%Noncurrent loans to loans
0.75%Net loans and leases to deposits
80.04%Net loans and leases to core deposits
100.05%Equity capital to assets
7.50%Core capital (leverage) ratio
7.37%Tier 1 risk-based capital ratio
9.26%Total risk-based capital ratio
Memoranda
$10Average assets
$231,416Average earning assets
$18,531Average equity
$213,949Average loans
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