Advanced Federal Savings Bank in Northridge, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 18, 1994

  • Advanced Federal Savings Bank in Northridge, California (CA)
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Advanced Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 33549
    Status: Inactive
    Federal Reserve ID: 624273
    Date Established: January 24, 1992
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 9696
    FDIC's unique #: 47429
    Numeric code: 34
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: January 24, 1992
    Last Structure Change Effective Date: March 18, 1994
    Last Structure Change Process Date: March 30, 1994
    Last Data Update: Febuary 06, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 10240 Reseda Boulevard, Northridge, CA 91324
    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
  • RTC Supervised Payoffs, Liquidations, and Closings
    Conservatorship Institution Resolved
  • Financial Summary
  • Total assets: $6.1 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $5Total assets
  • $6,057Cash and due from depository institutions
  • $518Interest-bearing balances
  • $305Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $500Net loans & leases
  • $1,616Loan loss allowance
  • $99Trading account assets
  • $0Bank premises and fixed assets
  • $61Other real estate owned
  • $0Goodwill and other intangibles
  • $3,362Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $6,057Total liabilities
  • $24,068Total deposits
  • $5,821Interest-bearing deposits
  • $5,821Deposits held in domestic offices
  • 5821.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $11,615Subordinated debt
  • $0All other liabilities
  • $6,632Total equity capital
  • $6,632Total bank equity capital
  • $-18,011Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $-18,011Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,210Income earned, not collected on loans
  • $2Earning assets
  • $2,421Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $5,936Average Assets, quarterly
  • $5,471Volatile liabilities
  • $11,615Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-18,011Total risk weighted assets
  • $6,521Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $228Total interest expense
  • $478Net interest income
  • -$250Provision for loan and lease losses
  • $65Total noninterest income
  • -$1,587Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • -$1,587Total noninterest expense
  • $3,249Salaries and employee benefits
  • $312Premises and equipment expense
  • $134Additional noninterest expense
  • $2,803Pre-tax net operating income
  • -$5,151Securities gains (losses)
  • $0Applicable income taxes
  • $4Income before extraordinary items
  • -$5,155Extraordinary gains - net
  • $0Net income attributable to bank
  • -$5,155Net charge-offs
  • $0Cash 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
  • 10.92%Cost of funding earning assets
  • 22.90%Net interest margin
  • -11.98%Noninterest income to earning assets
  • -76.03%Noninterest expense to earning assets
  • 155.65%Net operating income to assets
  • -86.84%Return on assets (ROA)
  • -86.84%Pretax return on assets
  • -86.78%Return on equity (ROE)
  • 32.12%Retained earnings to average equity (YTD only)
  • 32.12%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • -176,864Assets per employee
  • 1.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.77%Loss allowance to noncurrent loans
  • 8.18%Noncurrent assets plus other real estate owned to assets
  • 19.98%Noncurrent loans to loans
  • 70.55%Net loans and leases to deposits
  • 27.76%Net loans and leases to core deposits
  • 27.76%Equity capital to assets
  • -297.36%Core capital (leverage) ratio
  • -429.86%Tier 1 risk-based capital ratio
  • -276.20%Total risk-based capital ratio
  • Memoranda
  • -$276Average assets
  • $5,936Average earning assets
  • -$16,050Average equity
  • $2,087Average loans

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