FDIC Certificate #: 21189 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:U.S. Bank National Association (#5134) Federal Reserve ID: 443269 Date Established: August 16, 1973 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 18 (Interstate: No) OTS Docket #: 8940 FDIC's unique #: 14651 Numeric code: 13 Regulator: FED 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: August 16, 1973 Last Structure Change Effective Date: November 15, 1999 Last Structure Change Process Date: December 08, 1999 Last Data Update: December 08, 1999 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: $1,371.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
374Total employees (full-time equivalent)
$1,443,959Total assets
$72,827Cash and due from depository institutions
$589Interest-bearing balances
$274,936Securities
$94,000Federal funds sold & reverse repurchase agreements
$816,763Net loans & leases
$14,966Loan loss allowance
$0Trading account assets
$22,031Bank premises and fixed assets
$3,286Other real estate owned
$142,970Goodwill and other intangibles
$0Life insurance assets
$17,146All other assets
$1,443,959Total liabilities and capital
$1,200,397Total liabilities
$1,166,839Total deposits
$707,967Interest-bearing deposits
$1,166,839Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$18,544Other borrowed funds
$0Subordinated debt
$15,014All other liabilities
$243,562Total equity capital
$243,562Total bank equity capital
$243,562Perpetual preferred stock
$0Common stock
$52,283Surplus
$190,411Undivided profits
Memoranda
$868Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$11,152Earning assets
$0Long-term assets (5+ years)
$4,708Average Assets, year-to-date
$1,186,288Average Assets, quarterly
$190,758Volatile liabilities
$1,280,233Insider loans
$1,418,215FHLB advances
$83,768Loans and leases held for sale
$110Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,238Total risk weighted assets
$249,069Total unused commitments
$0Restructured Loans and leases
$986,520Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$90,476Total interest income
$24,517Total interest expense
$65,959Net interest income
$225Provision for loan and lease losses
$10,928Total noninterest income
$3,494Fiduciary activities
$4,618Service charges on deposit accounts
$0Trading account gains & fees
$2,816Additional noninterest income
$60,439Total noninterest expense
$21,813Salaries and employee benefits
$7,262Premises and equipment expense
$31,364Additional noninterest expense
$16,223Pre-tax net operating income
$690Securities gains (losses)
$11,542Applicable income taxes
$5,371Income before extraordinary items
$0Extraordinary gains - net
$5,371Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,123Sale, conversion, retirement of capital stock, net
$10,000Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.74%Yield on earning assets
2.37%Cost of funding earning assets
6.37%Net interest margin
1.06%Noninterest income to earning assets
5.84%Noninterest expense to earning assets
0.39%Net operating income to assets
0.42%Return on assets (ROA)
1.32%Pretax return on assets
2.49%Return on equity (ROE)
-2.14%Retained earnings to average equity (YTD only)
0.16%Net charge-offs to loans
20.04%Credit loss provision to net charge-offs
14.65%Efficiency ratio
65,976Assets per employee
3.86%Cash dividends to net income (YTD only)
Condition Ratios (%)
186.19%Loss allowance to loans
1.80%Loss allowance to noncurrent loans
134.20%Noncurrent assets plus other real estate owned to assets
1.00%Noncurrent loans to loans
1.34%Net loans and leases to deposits
70.00%Net loans and leases to core deposits
75.41%Equity capital to assets
16.87%Core capital (leverage) ratio
8.45%Tier 1 risk-based capital ratio
10.15%Total risk-based capital ratio
Memoranda
$11Average assets
$1,280,233Average earning assets
$215,927Average equity
$1,034,882Average loans
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