Universal Bank in West Covina, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Universal Bank in West Covina, California (CA)
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Universal Bank - Overview

  • General
  • FDIC Certificate #: 30722
    Status: Active
    Federal Reserve ID: 208570
    Date Established: November 17, 1954
    WWW: http://www.universalbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 5801
    FDIC's unique #: 43556
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 17, 1954
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 3455 Nogales Street, Suite #105, West Covina, CA 91792
    County: Los Angeles
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Los Angeles (North)
    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)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $458.9 mil
    Equity capital: $44.4 mil
    Deposits held in domestic offices: $410.7 mil
    Return on assets (ROA): 0.17% ($0.8 mil)
    Quarterly return on assets: -0.14% (-$0.6 mil)
    Return on Equity (ROE): 1.92% ($0.8 mil)
    Quarterly return on equity: -1.53% (-$0.7 mil)
    Net income: $0.8 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: 0.18% ($826.0 mil)
    Quarterly Pretax return on assets: -0.15% (-$688.3 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
  • 94Total employees (full-time equivalent)
  • $458,897Total assets
  • $83,270Cash and due from depository institutions
  • $81,579Interest-bearing balances
  • $551Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $355,050Net loans & leases
  • $9,930Loan loss allowance
  • $0Trading account assets
  • $3,022Bank premises and fixed assets
  • $5,235Other real estate owned
  • $28Goodwill and other intangibles
  • $458,897Life insurance assets
  • $11,741All other assets
  • $414,469Total liabilities and capital
  • $410,667Total liabilities
  • $395,323Total deposits
  • $410,667Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $3,802Subordinated debt
  • $44,428All other liabilities
  • $44,428Total equity capital
  • $44,428Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $31,234Surplus
  • $13,193Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $15,720Income earned, not collected on loans
  • $0Earning assets
  • $1,447Long-term assets (5+ years)
  • $437,180Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $468,920Volatile liabilities
  • $467,115Insider loans
  • $358,281FHLB advances
  • $458,897Loans and leases held for sale
  • $4,766Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $44,428Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,278Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $22,005Total interest income
  • $4,529Total interest expense
  • $17,476Net interest income
  • $2,707Provision for loan and lease losses
  • -$82Total noninterest income
  • $0Fiduciary activities
  • $136Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$218Additional noninterest income
  • $13,840Total noninterest expense
  • $5,306Salaries and employee benefits
  • $2,443Premises and equipment expense
  • $6,091Additional noninterest expense
  • $847Pre-tax net operating income
  • $0Securities gains (losses)
  • $30Applicable income taxes
  • $817Income before extraordinary items
  • $0Extraordinary gains - net
  • $817Net income attributable to bank
  • $0Net charge-offs
  • $817Cash dividends
  • $3,753Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.97%Yield on earning assets
  • 1.02%Cost of funding earning assets
  • 3.95%Net interest margin
  • -0.02%Noninterest income to earning assets
  • 3.13%Noninterest expense to earning assets
  • 0.17%Net operating income to assets
  • 0.17%Return on assets (ROA)
  • 0.18%Pretax return on assets
  • 1.92%Return on equity (ROE)
  • 1.92%Retained earnings to average equity (YTD only)
  • 0.95%Net charge-offs to loans
  • 72.13%Credit loss provision to net charge-offs
  • 0.95%Efficiency ratio
  • 79,476Assets per employee
  • 4.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.72%Loss allowance to noncurrent loans
  • 63.17%Noncurrent assets plus other real estate owned to assets
  • 4.57%Noncurrent loans to loans
  • 4.31%Net loans and leases to deposits
  • 86.46%Net loans and leases to core deposits
  • 91.39%Equity capital to assets
  • 9.68%Core capital (leverage) ratio
  • 9.68%Tier 1 risk-based capital ratio
  • 12.40%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $468,920Average earning assets
  • $42,537Average equity
  • $442,481Average loans

List of branches

  • 5 California Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    043556Universal Bank3455 Nogales Street, Suite #105, West Covina, CA 91792November 17, 1954Full Service Brick and Mortar
    101281859Eagle Rock - Colorado Branch2575 Colorado Boulevard, Los Angeles, CA 90041November 17, 1954Full Service Brick and Mortar
    107281864Rosemead Branch8855 East Valley Boulevard, Rosemead, CA 91770November 17, 1954Full Service Brick and Mortar
    108281865Arcadia Branch747 West Duarte Road, Arcadia, CA 91007Febuary 10, 1997Full Service Brick and Mortar
    111464163W Garvey Abenue Branch757 W Garvey Avenue, Monterey Park, CA 91754November 15, 2003Full Service Brick and Mortar

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