American Business Bank in Los Angeles, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

American Business Bank - Overview

  • General
  • FDIC Certificate #: 34788
    Status: Active
    Federal Reserve ID: 2734729
    Date Established: September 28, 1998
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 61562
    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: September 28, 1998
    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: 523 West 6th Street, Suite 900, Los Angeles, CA 90014
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $1,174.7 mil
    Equity capital: $87.0 mil
    Deposits held in domestic offices: $1,029.6 mil
    Return on assets (ROA): 0.90% ($10.6 mil)
    Quarterly return on assets: 0.66% ($7.8 mil)
    Return on Equity (ROE): 12.95% ($11.3 mil)
    Quarterly return on equity: 8.98% ($7.8 mil)
    Net income: $9.9 mil
    Quarterly Net income: $1.9 mil
    Pretax return on assets: 1.27% ($14,918.8 mil)
    Quarterly Pretax return on assets: 1.00% ($11,747.1 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, 2011)

  • Dollar figures in thousands
  • 94Total employees (full-time equivalent)
  • $1,174,712Total assets
  • $28,092Cash and due from depository institutions
  • $3,934Interest-bearing balances
  • $702,813Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $409,354Net loans & leases
  • $8,934Loan loss allowance
  • $137Trading account assets
  • $1,086Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $1,174,712Life insurance assets
  • $33,230All other assets
  • $1,087,741Total liabilities and capital
  • $1,029,558Total liabilities
  • $569,497Total deposits
  • $1,029,558Interest-bearing deposits
  • $60Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $48,000Trading liabilities
  • $0Other borrowed funds
  • $10,183Subordinated debt
  • $86,971All other liabilities
  • $86,971Total equity capital
  • $86,971Total bank equity capital
  • $0Perpetual preferred stock
  • $51,708Common stock
  • $0Surplus
  • $35,263Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,239Income earned, not collected on loans
  • $0Earning assets
  • $6,629Long-term assets (5+ years)
  • $1,116,238Average Assets, year-to-date
  • $505,646Average Assets, quarterly
  • $1,097,600Volatile liabilities
  • $1,155,624Insider loans
  • $476,995FHLB advances
  • $1,177,558Loans and leases held for sale
  • $11,345Unused loan commitments
  • $11,345Tier 1 (core) risk-based capital
  • $79,092Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $202,760Restructured Loans and leases
  • $951Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $38,457Total interest income
  • $3,546Total interest expense
  • $34,911Net interest income
  • $1,977Provision for loan and lease losses
  • $1,649Total noninterest income
  • $0Fiduciary activities
  • $1,008Service charges on deposit accounts
  • $1Trading account gains & fees
  • $640Additional noninterest income
  • $23,275Total noninterest expense
  • $13,247Salaries and employee benefits
  • $2,161Premises and equipment expense
  • $7,867Additional noninterest expense
  • $11,308Pre-tax net operating income
  • $2,664Securities gains (losses)
  • $4,086Applicable income taxes
  • $9,886Income before extraordinary items
  • $0Extraordinary gains - net
  • $9,886Net income attributable to bank
  • $0Net charge-offs
  • $9,886Cash dividends
  • $93Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.71%Yield on earning assets
  • 0.34%Cost of funding earning assets
  • 3.37%Net interest margin
  • 0.16%Noninterest income to earning assets
  • 2.24%Noninterest expense to earning assets
  • 0.73%Net operating income to assets
  • 0.90%Return on assets (ROA)
  • 1.27%Pretax return on assets
  • 12.95%Return on equity (ROE)
  • 12.95%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 2125.81%Credit loss provision to net charge-offs
  • 142.85%Efficiency ratio
  • 63,662Assets per employee
  • 12.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.14%Loss allowance to noncurrent loans
  • 399.02%Noncurrent assets plus other real estate owned to assets
  • 0.19%Noncurrent loans to loans
  • 0.54%Net loans and leases to deposits
  • 39.76%Net loans and leases to core deposits
  • 42.62%Equity capital to assets
  • 7.40%Core capital (leverage) ratio
  • 6.72%Tier 1 risk-based capital ratio
  • 16.58%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $1,097,600Average earning assets
  • $76,360Average equity
  • $1,036,839Average loans

List of branches

  • 1 California Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    061562American Business Bank523 West 6th Street, Suite 900, Los Angeles, CA 90014September 28, 1998Full Service Brick and Mortar

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