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

1st Enterprise Bank - Overview

  • General
  • FDIC Certificate #: 58321
    Status: Active
    Federal Reserve ID: 3452123
    Date Established: July 03, 2006
    WWW: http://www.1stenterprisebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 446099
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 03, 2006
    Last Structure Change Effective Date: July 10, 2006
    Last Structure Change Process Date: July 10, 2006
    Last Data Update: July 10, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 818 West Seventh Street, Suite 220, Los Angeles, CA 90017
    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 Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $567.1 mil
    Equity capital: $50.2 mil
    Deposits held in domestic offices: $496.9 mil
    Return on assets (ROA): 0.59% ($3.3 mil)
    Quarterly return on assets: 0.68% ($3.9 mil)
    Return on Equity (ROE): 6.92% ($3.5 mil)
    Quarterly return on equity: 7.70% ($3.9 mil)
    Net income: $3.2 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 0.79% ($4,479.8 mil)
    Quarterly Pretax return on assets: 0.69% ($3,912.7 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
  • 63Total employees (full-time equivalent)
  • $567,061Total assets
  • $31,254Cash and due from depository institutions
  • $13,910Interest-bearing balances
  • $226,282Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $287,987Net loans & leases
  • $4,600Loan loss allowance
  • $0Trading account assets
  • $2,312Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $567,061Life insurance assets
  • $19,226All other assets
  • $516,824Total liabilities and capital
  • $496,942Total liabilities
  • $281,587Total deposits
  • $496,942Interest-bearing deposits
  • $68Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $17,000Trading liabilities
  • $0Other borrowed funds
  • $2,882Subordinated debt
  • $50,237All other liabilities
  • $50,237Total equity capital
  • $50,237Total bank equity capital
  • $16,380Perpetual preferred stock
  • $28,102Common stock
  • $2,856Surplus
  • $2,899Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $2,202Long-term assets (5+ years)
  • $528,179Average Assets, year-to-date
  • $201,052Average Assets, quarterly
  • $533,674Volatile liabilities
  • $565,101Insider loans
  • $405,600FHLB advances
  • $573,199Loans and leases held for sale
  • $10,462Unused loan commitments
  • $4,155Tier 1 (core) risk-based capital
  • $48,712Tier 2 risk-based capital
  • $6,307Total risk weighted assets
  • $0Total unused commitments
  • $149,793Restructured Loans and leases
  • $1,209Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $16,108Total interest income
  • $1,120Total interest expense
  • $14,988Net interest income
  • $1,135Provision for loan and lease losses
  • $2,210Total noninterest income
  • $0Fiduciary activities
  • $898Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,312Additional noninterest income
  • $13,020Total noninterest expense
  • $7,513Salaries and employee benefits
  • $1,325Premises and equipment expense
  • $4,182Additional noninterest expense
  • $3,043Pre-tax net operating income
  • $1,177Securities gains (losses)
  • $1,068Applicable income taxes
  • $3,152Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,152Net income attributable to bank
  • $0Net charge-offs
  • $3,152Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $484Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.26%Yield on earning assets
  • 0.23%Cost of funding earning assets
  • 3.03%Net interest margin
  • 0.45%Noninterest income to earning assets
  • 2.63%Noninterest expense to earning assets
  • 0.43%Net operating income to assets
  • 0.59%Return on assets (ROA)
  • 0.79%Pretax return on assets
  • 6.92%Return on equity (ROE)
  • 5.86%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 75,706Assets per employee
  • 9.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 15.36%Loss allowance to loans
  • 1.57%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 57.95%Net loans and leases to core deposits
  • 58.03%Equity capital to assets
  • 8.86%Core capital (leverage) ratio
  • 8.50%Tier 1 risk-based capital ratio
  • 12.01%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $533,674Average earning assets
  • $45,533Average equity
  • $494,433Average loans

List of branches

  • 3 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04460991st Enterprise Bank818 West Seventh Street, Suite 220, Los Angeles, CA 90017July 03, 2006Full Service Brick and Mortar
    1478456Orange County Regional Office Branch17901 Von Karman Avenue, Suite 450, Irvine, CA 92614September 05, 2007Full Service Brick and Mortar
    2511139Inland Empire Regional Office Branch3281 E. Guasti Road, Suite 875, Ontario, CA 91761August 31, 2009Full Service Brick and Mortar

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