Western Security Bank, National Association - Overview
General
FDIC Certificate #: 25058 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Citizens Business Bank (#21716) Federal Reserve ID: 98360 Date Established: March 05, 1984 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) OTS Docket #: 14264 FDIC's unique #: 17344 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: March 05, 1984 Last Structure Change Effective Date: June 28, 2002 Last Structure Change Process Date: July 24, 2002 Last Data Update: July 24, 2002 Data Source Date: April 05, 2012
Location
Address: 4100 West Alameda Avenue, Burbank, CA 91505 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)
Financial Summary
Total assets: $156.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
43Total employees (full-time equivalent)
$141,008Total assets
$5,438Cash and due from depository institutions
$0Interest-bearing balances
$6,273Securities
$9,800Federal funds sold & reverse repurchase agreements
$94,653Net loans & leases
$1,522Loan loss allowance
$0Trading account assets
$13,904Bank premises and fixed assets
$169Other real estate owned
$97Goodwill and other intangibles
$0Life insurance assets
$10,674All other assets
$141,008Total liabilities and capital
$129,089Total liabilities
$120,674Total deposits
$80,133Interest-bearing deposits
$120,674Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,000Other borrowed funds
$0Subordinated debt
$4,415All other liabilities
$11,919Total equity capital
$11,919Total bank equity capital
$11,919Perpetual preferred stock
$0Common stock
$2,095Surplus
$9,545Undivided profits
Memoranda
$279Noncurrent loans and leases
$7,663Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$71Earning assets
$0Long-term assets (5+ years)
$430Average Assets, year-to-date
$110,726Average Assets, quarterly
$9,202Volatile liabilities
$146,498Insider loans
$143,129FHLB advances
$19,440Loans and leases held for sale
$1,225Unused loan commitments
$4,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,663Total unused commitments
$1,205Restructured Loans and leases
$1,442Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$11,549Total interest income
$4,706Total interest expense
$6,843Net interest income
$2,308Provision for loan and lease losses
$1,752Total noninterest income
$0Fiduciary activities
$262Service charges on deposit accounts
$0Trading account gains & fees
$1,490Additional noninterest income
$10,420Total noninterest expense
$5,626Salaries and employee benefits
$1,479Premises and equipment expense
$3,315Additional noninterest expense
-$4,133Pre-tax net operating income
$0Securities gains (losses)
-$1,491Applicable income taxes
-$2,642Income before extraordinary items
$0Extraordinary gains - net
-$2,642Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2,618Sale, conversion, retirement of capital stock, net
$200Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.96%Yield on earning assets
4.06%Cost of funding earning assets
5.90%Net interest margin
1.51%Noninterest income to earning assets
8.98%Noninterest expense to earning assets
-1.80%Net operating income to assets
-1.80%Return on assets (ROA)
-2.82%Pretax return on assets
-19.00%Return on equity (ROE)
-20.44%Retained earnings to average equity (YTD only)
2.61%Net charge-offs to loans
88.16%Credit loss provision to net charge-offs
-0.70%Efficiency ratio
120,698Assets per employee
3.28%Cash dividends to net income (YTD only)
Condition Ratios (%)
-7.57%Loss allowance to loans
1.58%Loss allowance to noncurrent loans
2143.66%Noncurrent assets plus other real estate owned to assets
0.17%Noncurrent loans to loans
0.07%Net loans and leases to deposits
78.44%Net loans and leases to core deposits
92.58%Equity capital to assets
8.45%Core capital (leverage) ratio
7.18%Tier 1 risk-based capital ratio
9.02%Total risk-based capital ratio
Memoranda
$10Average assets
$146,498Average earning assets
$13,903Average equity
$116,010Average loans
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