FDIC Certificate #: 114 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Santa Monica Bank (#21189) Federal Reserve ID: 375669 Date Established: Febuary 03, 1928 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 9 (Interstate: No) FDIC's unique #: 90 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 01, 1934 Last Structure Change Effective Date: January 27, 1998 Last Structure Change Process Date: Febuary 12, 1998 Last Data Update: August 03, 1998 Data Source Date: April 05, 2012
Location
Address: 1251 Fourth Street, Santa Monica, CA 90406 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: $678.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
274Total employees (full-time equivalent)
$678,407Total assets
$52,240Cash and due from depository institutions
$0Interest-bearing balances
$148,793Securities
$64,000Federal funds sold & reverse repurchase agreements
$393,943Net loans & leases
$8,504Loan loss allowance
$0Trading account assets
$10,187Bank premises and fixed assets
$3,323Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$5,921All other assets
$678,407Total liabilities and capital
$597,605Total liabilities
$592,537Total deposits
$394,632Interest-bearing deposits
$592,537Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,962Other borrowed funds
$0Subordinated debt
$3,106All other liabilities
$80,802Total equity capital
$80,802Total bank equity capital
$80,802Perpetual preferred stock
$0Common stock
$21,232Surplus
$2,983Undivided profits
Memoranda
$56,587Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,052Earning assets
$0Long-term assets (5+ years)
$2,485Average Assets, year-to-date
$606,736Average Assets, quarterly
$175,383Volatile liabilities
$657,954Insider loans
$670,965FHLB advances
$27,237Loans and leases held for sale
$2,150Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$119,332Total unused commitments
$0Restructured Loans and leases
$444,563Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$49,368Total interest income
$14,771Total interest expense
$34,597Net interest income
$0Provision for loan and lease losses
$7,822Total noninterest income
$3,354Fiduciary activities
$3,207Service charges on deposit accounts
$0Trading account gains & fees
$1,261Additional noninterest income
$25,607Total noninterest expense
$14,661Salaries and employee benefits
$4,151Premises and equipment expense
$6,795Additional noninterest expense
$16,812Pre-tax net operating income
$0Securities gains (losses)
$5,905Applicable income taxes
$10,907Income before extraordinary items
$0Extraordinary gains - net
$10,907Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$451Sale, conversion, retirement of capital stock, net
$2,831Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.43%Yield on earning assets
2.52%Cost of funding earning assets
5.91%Net interest margin
1.34%Noninterest income to earning assets
4.37%Noninterest expense to earning assets
1.66%Net operating income to assets
1.66%Return on assets (ROA)
2.56%Pretax return on assets
14.18%Return on equity (ROE)
10.50%Retained earnings to average equity (YTD only)
0.12%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
37.28%Efficiency ratio
60,367Assets per employee
2.48%Cash dividends to net income (YTD only)
Condition Ratios (%)
25.96%Loss allowance to loans
2.11%Loss allowance to noncurrent loans
414.42%Noncurrent assets plus other real estate owned to assets
0.79%Noncurrent loans to loans
0.51%Net loans and leases to deposits
66.48%Net loans and leases to core deposits
69.69%Equity capital to assets
11.91%Core capital (leverage) ratio
11.85%Tier 1 risk-based capital ratio
18.11%Total risk-based capital ratio
Memoranda
$19Average assets
$657,954Average earning assets
$76,942Average equity
$585,662Average loans
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