Western Industrial National Bank in South El Monte, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 24, 1994

  • Western Industrial National Bank in South El Monte, California (CA)
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Western Industrial National Bank - Overview

  • General
  • FDIC Certificate #: 24605
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Citizens Business Bank (#21716)
    Federal Reserve ID: 476669
    Date Established: July 12, 1983
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 17089
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: July 12, 1983
    Last Structure Change Effective Date: June 24, 1994
    Last Structure Change Process Date: July 21, 1994
    Last Data Update: July 21, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 9754 Rush Street, South El Monte, CA 91733
    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
  • Merger - Without Assistance
    Participated in Reorganization
    Corrections
  • Financial Summary
  • Total assets: $45.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $35Total assets
  • $44,787Cash and due from depository institutions
  • $5,277Interest-bearing balances
  • $3,055Securities
  • $526Federal funds sold & reverse repurchase agreements
  • $1,000Net loans & leases
  • $36,188Loan loss allowance
  • $875Trading account assets
  • $0Bank premises and fixed assets
  • $1,102Other real estate owned
  • $446Goodwill and other intangibles
  • $248Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $44,787Total liabilities
  • $36,375Total deposits
  • $36,280Interest-bearing deposits
  • $22,922Deposits held in domestic offices
  • 36280.00%% insured (estimated)
  • $79Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $95Total equity capital
  • $95Total bank equity capital
  • $8,412Perpetual preferred stock
  • $0Common stock
  • $1,871Surplus
  • $2,333Undivided profits
  • Memoranda
  • $4,208Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $234Income earned, not collected on loans
  • $218Earning assets
  • $40,769Long-term assets (5+ years)
  • $1,711Average Assets, year-to-date
  • $48,835Average Assets, quarterly
  • $46,831Volatile liabilities
  • $5,389Insider loans
  • $3,672FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $435Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $8,412Total risk weighted assets
  • $40,243Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $4,065Total interest expense
  • $669Net interest income
  • $3,396Provision for loan and lease losses
  • $330Total noninterest income
  • $996Fiduciary activities
  • $0Service charges on deposit accounts
  • $913Trading account gains & fees
  • $0Additional noninterest income
  • $83Total noninterest expense
  • $2,380Salaries and employee benefits
  • $1,301Premises and equipment expense
  • $226Additional noninterest expense
  • $852Pre-tax net operating income
  • $1,683Securities gains (losses)
  • $0Applicable income taxes
  • $694Income before extraordinary items
  • $989Extraordinary gains - net
  • -$56Net income attributable to bank
  • $933Net charge-offs
  • $68Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.46%Cost of funding earning assets
  • 1.56%Net interest margin
  • 7.90%Noninterest income to earning assets
  • 2.32%Noninterest expense to earning assets
  • 5.54%Net operating income to assets
  • 2.03%Return on assets (ROA)
  • 1.91%Pretax return on assets
  • 3.33%Return on equity (ROE)
  • 11.76%Retained earnings to average equity (YTD only)
  • 11.76%Net charge-offs to loans
  • 0.18%Credit loss provision to net charge-offs
  • 485.29%Efficiency ratio
  • 54,189Assets per employee
  • 1.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.36%Loss allowance to noncurrent loans
  • 373.93%Noncurrent assets plus other real estate owned to assets
  • 1.52%Noncurrent loans to loans
  • 0.63%Net loans and leases to deposits
  • 99.75%Net loans and leases to core deposits
  • 117.15%Equity capital to assets
  • 18.78%Core capital (leverage) ratio
  • 16.88%Tier 1 risk-based capital ratio
  • 20.90%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $48,835Average earning assets
  • $7,937Average equity
  • $42,981Average loans

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