1st Century Bank, National Association in Los Angeles, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • 1st Century Bank, National Association in Los Angeles, California (CA)
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1st Century Bank, National Association - Overview

  • General
  • FDIC Certificate #: 57657
    Status: Active
    Federal Reserve ID: 3247598
    Bank Holding Company (Regulatory Top Holder): 1st Century Bancshares, Inc. (RSSDID: 3602236, Location: Los Angeles, CA)
    Date Established: March 01, 2004
    WWW: http://www.1cbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 419238
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: March 01, 2004
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1875 Century Park East, Suite 1400, Los Angeles, CA 90067
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $405.1 mil
    Equity capital: $43.5 mil
    Deposits held in domestic offices: $333.8 mil
    Return on assets (ROA): 0.36% ($1.5 mil)
    Quarterly return on assets: 0.51% ($2.1 mil)
    Return on Equity (ROE): 3.04% ($1.3 mil)
    Quarterly return on equity: 4.61% ($2.0 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 0.38% ($1,539.4 mil)
    Quarterly Pretax return on assets: 0.58% ($2,349.6 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
  • 49Total employees (full-time equivalent)
  • $405,108Total assets
  • $41,732Cash and due from depository institutions
  • $31,947Interest-bearing balances
  • $129,906Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $227,720Net loans & leases
  • $5,554Loan loss allowance
  • $0Trading account assets
  • $1,095Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $405,108Life insurance assets
  • $4,655All other assets
  • $361,576Total liabilities and capital
  • $333,838Total liabilities
  • $209,613Total deposits
  • $333,838Interest-bearing deposits
  • $67Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $25,000Trading liabilities
  • $0Other borrowed funds
  • $2,738Subordinated debt
  • $43,532All other liabilities
  • $43,532Total equity capital
  • $43,532Total bank equity capital
  • $0Perpetual preferred stock
  • $49,569Common stock
  • $4,871Surplus
  • $-10,908Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,279Income earned, not collected on loans
  • $0Earning assets
  • $996Long-term assets (5+ years)
  • $389,573Average Assets, year-to-date
  • $173,268Average Assets, quarterly
  • $355,599Volatile liabilities
  • $394,733Insider loans
  • $261,235FHLB advances
  • $398,281Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $41,965Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $56,965Restructured Loans and leases
  • $1,353Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,207Total interest income
  • $926Total interest expense
  • $11,281Net interest income
  • $275Provision for loan and lease losses
  • $603Total noninterest income
  • $0Fiduciary activities
  • $237Service charges on deposit accounts
  • $0Trading account gains & fees
  • $366Additional noninterest income
  • $10,255Total noninterest expense
  • $5,520Salaries and employee benefits
  • $1,174Premises and equipment expense
  • $3,561Additional noninterest expense
  • $1,354Pre-tax net operating income
  • $2Securities gains (losses)
  • $71Applicable income taxes
  • $1,285Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,285Net income attributable to bank
  • $0Net charge-offs
  • $1,285Cash dividends
  • $4Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.59%Yield on earning assets
  • 0.27%Cost of funding earning assets
  • 3.31%Net interest margin
  • 0.18%Noninterest income to earning assets
  • 3.01%Noninterest expense to earning assets
  • 0.36%Net operating income to assets
  • 0.36%Return on assets (ROA)
  • 0.38%Pretax return on assets
  • 3.04%Return on equity (ROE)
  • 3.04%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 6875.00%Credit loss provision to net charge-offs
  • 407.25%Efficiency ratio
  • 86,292Assets per employee
  • 8.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.38%Loss allowance to noncurrent loans
  • 88.45%Noncurrent assets plus other real estate owned to assets
  • 1.55%Noncurrent loans to loans
  • 2.69%Net loans and leases to deposits
  • 68.21%Net loans and leases to core deposits
  • 82.45%Equity capital to assets
  • 10.75%Core capital (leverage) ratio
  • 10.54%Tier 1 risk-based capital ratio
  • 16.06%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $355,599Average earning assets
  • $42,289Average equity
  • $340,366Average loans

List of branches

  • 1 California Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04192381st Century Bank, National Association1875 Century Park East, Suite 1400, Los Angeles, CA 90067March 01, 2004Full Service Brick and Mortar

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