FDIC Certificate #: 19028 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:U.S. Bank National Association (#5134) Federal Reserve ID: 844866 Date Established: Febuary 10, 1964 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 20 (Interstate: No) OTS Docket #: 13096 FDIC's unique #: 12868 Numeric code: 13 Regulator: FED Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes Oakar Institutions: Yes State Chartered: Yes Date of Deposit Insurance: Febuary 10, 1964 Last Structure Change Effective Date: November 15, 1999 Last Structure Change Process Date: December 08, 1999 Last Data Update: Febuary 13, 2001 Data Source Date: April 05, 2012
Location
Address: 4100 Newport Place, Suite 900, Newport Beach, CA 92660 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)
Financial Summary
Total assets: $1,109.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
361Total employees (full-time equivalent)
$887,522Total assets
$49,226Cash and due from depository institutions
$98Interest-bearing balances
$83,930Securities
$37,752Federal funds sold & reverse repurchase agreements
$687,286Net loans & leases
$9,506Loan loss allowance
$0Trading account assets
$10,331Bank premises and fixed assets
$313Other real estate owned
$2,565Goodwill and other intangibles
$0Life insurance assets
$16,119All other assets
$887,522Total liabilities and capital
$807,127Total liabilities
$793,272Total deposits
$693,216Interest-bearing deposits
$793,272Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,077Other borrowed funds
$0Subordinated debt
$9,778All other liabilities
$80,395Total equity capital
$80,395Total bank equity capital
$80,395Perpetual preferred stock
$0Common stock
$9,989Surplus
$35,528Undivided profits
Memoranda
$34,878Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,627Earning assets
$0Long-term assets (5+ years)
$3,968Average Assets, year-to-date
$809,066Average Assets, quarterly
$157,628Volatile liabilities
$904,524Insider loans
$883,928FHLB advances
$88,619Loans and leases held for sale
$436Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$324,189Total unused commitments
$0Restructured Loans and leases
$830,769Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$70,825Total interest income
$17,945Total interest expense
$52,880Net interest income
$525Provision for loan and lease losses
$7,898Total noninterest income
$0Fiduciary activities
$4,054Service charges on deposit accounts
$0Trading account gains & fees
$3,844Additional noninterest income
$31,978Total noninterest expense
$16,344Salaries and employee benefits
$5,401Premises and equipment expense
$10,233Additional noninterest expense
$28,275Pre-tax net operating income
$863Securities gains (losses)
$12,301Applicable income taxes
$16,837Income before extraordinary items
$0Extraordinary gains - net
$16,837Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2,526Sale, conversion, retirement of capital stock, net
$17,400Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.75%Yield on earning assets
2.22%Cost of funding earning assets
6.53%Net interest margin
0.98%Noninterest income to earning assets
3.95%Noninterest expense to earning assets
1.80%Net operating income to assets
1.86%Return on assets (ROA)
3.22%Pretax return on assets
21.33%Return on equity (ROE)
-0.71%Retained earnings to average equity (YTD only)
0.39%Net charge-offs to loans
20.78%Credit loss provision to net charge-offs
11.40%Efficiency ratio
51,724Assets per employee
2.46%Cash dividends to net income (YTD only)
Condition Ratios (%)
103.34%Loss allowance to loans
1.36%Loss allowance to noncurrent loans
262.09%Noncurrent assets plus other real estate owned to assets
0.44%Noncurrent loans to loans
0.52%Net loans and leases to deposits
86.64%Net loans and leases to core deposits
96.97%Equity capital to assets
9.06%Core capital (leverage) ratio
8.81%Tier 1 risk-based capital ratio
9.35%Total risk-based capital ratio
Memoranda
$10Average assets
$904,524Average earning assets
$78,945Average equity
$809,473Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Southern California Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: