FDIC Certificate #: 21398 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Bank & Trust (#20233) Federal Reserve ID: 746465 Date Established: January 14, 1974 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 14799 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 14, 1974 Last Structure Change Effective Date: September 15, 1998 Last Structure Change Process Date: November 05, 1998 Last Data Update: November 05, 1998 Data Source Date: April 05, 2012
Location
Address: 23133 Hawthorne Boulevard, 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: $124.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
44Total employees (full-time equivalent)
$122,622Total assets
$4,691Cash and due from depository institutions
$594Interest-bearing balances
$10,306Securities
$6,035Federal funds sold & reverse repurchase agreements
$95,676Net loans & leases
$1,146Loan loss allowance
$0Trading account assets
$2,642Bank premises and fixed assets
$1,001Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,271All other assets
$122,622Total liabilities and capital
$116,956Total liabilities
$116,025Total deposits
$91,301Interest-bearing deposits
$116,025Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$931All other liabilities
$5,666Total equity capital
$5,666Total bank equity capital
$5,666Perpetual preferred stock
$0Common stock
$16,601Surplus
$0Undivided profits
Memoranda
$-10,935Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,486Earning assets
$0Long-term assets (5+ years)
$452Average Assets, year-to-date
$112,611Average Assets, quarterly
$10,380Volatile liabilities
$120,880Insider loans
$123,427FHLB advances
$12,748Loans and leases held for sale
$854Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$18,069Total unused commitments
$0Restructured Loans and leases
$106,179Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$10,966Total interest income
$4,568Total interest expense
$6,398Net interest income
$275Provision for loan and lease losses
$1,040Total noninterest income
$0Fiduciary activities
$381Service charges on deposit accounts
$0Trading account gains & fees
$659Additional noninterest income
$5,562Total noninterest expense
$2,423Salaries and employee benefits
$691Premises and equipment expense
$2,448Additional noninterest expense
$1,601Pre-tax net operating income
$2Securities gains (losses)
$1Applicable income taxes
$1,602Income before extraordinary items
$0Extraordinary gains - net
$1,602Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$846Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
10.02%Yield on earning assets
4.17%Cost of funding earning assets
5.85%Net interest margin
0.95%Noninterest income to earning assets
5.08%Noninterest expense to earning assets
1.32%Net operating income to assets
1.33%Return on assets (ROA)
1.33%Pretax return on assets
33.67%Return on equity (ROE)
33.67%Retained earnings to average equity (YTD only)
0.91%Net charge-offs to loans
32.51%Credit loss provision to net charge-offs
2.22%Efficiency ratio
74,778Assets per employee
2.79%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.18%Loss allowance to noncurrent loans
32.87%Noncurrent assets plus other real estate owned to assets
3.66%Noncurrent loans to loans
3.60%Net loans and leases to deposits
82.46%Net loans and leases to core deposits
92.64%Equity capital to assets
4.62%Core capital (leverage) ratio
4.56%Tier 1 risk-based capital ratio
5.32%Total risk-based capital ratio
Memoranda
$6Average assets
$120,880Average earning assets
$4,758Average equity
$109,434Average loans
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