FDIC Certificate #: 57974 Status: Active Federal Reserve ID: 3394380 Date Established: November 30, 2005 WWW:http://www.saigonnational.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 432852 Numeric code: 3 Regulator: OCC 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: No Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: November 30, 2005 Last Structure Change Effective Date: Febuary 17, 2010 Last Structure Change Process Date: Febuary 17, 2010 Last Data Update: Febuary 17, 2010 Data Source Date: April 05, 2012
Location
Address: 15606 Brookhurst St, Suite C, Westminster, CA 92683 County: Orange Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Orange Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Orange County, CA (#5945) 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: Santa Ana-Anaheim-Irvine, CA (#42044)
History of Changes
Change in Location
Financial Summary
Total assets: $58.6 mil Equity capital: $9.9 mil Deposits held in domestic offices: $46.5 mil Return on assets (ROA): -1.54% (-$0.9 mil) Quarterly return on assets: -0.65% (-$0.4 mil) Return on Equity (ROE): -11.20% (-$1.1 mil) Quarterly return on equity: -4.10% (-$0.4 mil) Net income: -$0.9 mil Quarterly Net income: -$0.1 mil Pretax return on assets: -1.54% (-$901.9 mil) Quarterly Pretax return on assets: -0.65% (-$380.7 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
14Total employees (full-time equivalent)
$58,567Total assets
$13,531Cash and due from depository institutions
$12,999Interest-bearing balances
$4,904Securities
$0Federal funds sold & reverse repurchase agreements
$35,659Net loans & leases
$1,840Loan loss allowance
$0Trading account assets
$21Bank premises and fixed assets
$2,113Other real estate owned
$0Goodwill and other intangibles
$58,567Life insurance assets
$2,339All other assets
$48,647Total liabilities and capital
$46,489Total liabilities
$43,828Total deposits
$46,489Interest-bearing deposits
$98Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$2,000Trading liabilities
$0Other borrowed funds
$158Subordinated debt
$9,920All other liabilities
$9,920Total equity capital
$9,920Total bank equity capital
$1,598Perpetual preferred stock
$23,796Common stock
$721Surplus
$-16,195Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,326Income earned, not collected on loans
$0Earning assets
$148Long-term assets (5+ years)
$53,562Average Assets, year-to-date
$9,284Average Assets, quarterly
$58,656Volatile liabilities
$56,889Insider loans
$42,706FHLB advances
$56,293Loans and leases held for sale
$1,502Unused loan commitments
$751Tier 1 (core) risk-based capital
$9,843Tier 2 risk-based capital
$0Total risk weighted assets
$751Total unused commitments
$1,379Restructured Loans and leases
$1,648Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,667Total interest income
$640Total interest expense
$2,027Net interest income
$163Provision for loan and lease losses
$70Total noninterest income
$0Fiduciary activities
$60Service charges on deposit accounts
$0Trading account gains & fees
$10Additional noninterest income
$2,837Total noninterest expense
$1,237Salaries and employee benefits
$171Premises and equipment expense
$1,429Additional noninterest expense
-$903Pre-tax net operating income
$0Securities gains (losses)
$1Applicable income taxes
-$904Income before extraordinary items
$0Extraordinary gains - net
-$904Net income attributable to bank
$0Net charge-offs
-$904Cash dividends
$872Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.88%Yield on earning assets
1.17%Cost of funding earning assets
3.71%Net interest margin
0.13%Noninterest income to earning assets
5.19%Noninterest expense to earning assets
-1.54%Net operating income to assets
-1.54%Return on assets (ROA)
-1.54%Pretax return on assets
-11.20%Return on equity (ROE)
-11.20%Retained earnings to average equity (YTD only)
2.24%Net charge-offs to loans
18.69%Credit loss provision to net charge-offs
-0.85%Efficiency ratio
135,289Assets per employee
4.18%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.91%Loss allowance to noncurrent loans
79.11%Noncurrent assets plus other real estate owned to assets
7.58%Noncurrent loans to loans
6.20%Net loans and leases to deposits
76.70%Net loans and leases to core deposits
78.59%Equity capital to assets
16.94%Core capital (leverage) ratio
17.49%Tier 1 risk-based capital ratio
23.05%Total risk-based capital ratio
Memoranda
$24Average assets
$58,656Average earning assets
$8,073Average equity
$54,610Average loans
List of branches
1 California Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
432852
Saigon National Bank
15606 Brookhurst St, Suite C, Westminster, CA 92683
November 30, 2005
Full Service Brick and Mortar
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