American Independent Bank, National Association in Gardena, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 08, 1999

  • American Independent Bank, National Association in Gardena, California (CA)
  • Show street view No street view available for this location

American Independent Bank, National Association - Overview

  • General
  • FDIC Certificate #: 25046
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: First Coastal Bank, National Association (#25832)
    Federal Reserve ID: 764366
    Date Established: Febuary 01, 1984
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 17332
    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: Febuary 01, 1984
    Last Structure Change Effective Date: March 08, 1999
    Last Structure Change Process Date: March 21, 1999
    Last Data Update: June 01, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 1644 Redondo Beach Boulevard, Gardena, CA 90247
    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
  • Merger - Without Assistance
    Participated in Reorganization
    Corrections
  • Financial Summary
  • Total assets: $38.3 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 25Total employees (full-time equivalent)
  • $38,275Total assets
  • $4,793Cash and due from depository institutions
  • $495Interest-bearing balances
  • $7,435Securities
  • $5,060Federal funds sold & reverse repurchase agreements
  • $20,110Net loans & leases
  • $190Loan loss allowance
  • $0Trading account assets
  • $350Bank premises and fixed assets
  • $81Other real estate owned
  • $37Goodwill and other intangibles
  • $0Life insurance assets
  • $409All other assets
  • $38,275Total liabilities and capital
  • $34,734Total liabilities
  • $34,423Total deposits
  • $19,997Interest-bearing deposits
  • $34,423Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $311All other liabilities
  • $3,541Total equity capital
  • $3,541Total bank equity capital
  • $3,541Perpetual preferred stock
  • $0Common stock
  • $911Surplus
  • $3,148Undivided profits
  • Memoranda
  • $-518Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,081Earning assets
  • $0Long-term assets (5+ years)
  • $160Average Assets, year-to-date
  • $33,100Average Assets, quarterly
  • $602Volatile liabilities
  • $36,530Insider loans
  • $37,912FHLB advances
  • $4,391Loans and leases held for sale
  • $29Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,479Total unused commitments
  • $0Restructured Loans and leases
  • $24,323Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $2,969Total interest income
  • $614Total interest expense
  • $2,355Net interest income
  • $113Provision for loan and lease losses
  • $673Total noninterest income
  • $0Fiduciary activities
  • $551Service charges on deposit accounts
  • $0Trading account gains & fees
  • $122Additional noninterest income
  • $2,612Total noninterest expense
  • $1,037Salaries and employee benefits
  • $471Premises and equipment expense
  • $1,104Additional noninterest expense
  • $303Pre-tax net operating income
  • $0Securities gains (losses)
  • $126Applicable income taxes
  • $177Income before extraordinary items
  • $0Extraordinary gains - net
  • $177Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $139Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.39%Yield on earning assets
  • 1.94%Cost of funding earning assets
  • 7.45%Net interest margin
  • 2.13%Noninterest income to earning assets
  • 8.26%Noninterest expense to earning assets
  • 0.48%Net operating income to assets
  • 0.48%Return on assets (ROA)
  • 0.83%Pretax return on assets
  • 5.19%Return on equity (ROE)
  • 5.19%Retained earnings to average equity (YTD only)
  • 0.66%Net charge-offs to loans
  • 81.29%Credit loss provision to net charge-offs
  • 2.99%Efficiency ratio
  • 86,063Assets per employee
  • 1.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.94%Loss allowance to noncurrent loans
  • 17.58%Noncurrent assets plus other real estate owned to assets
  • 3.04%Noncurrent loans to loans
  • 5.33%Net loans and leases to deposits
  • 58.42%Net loans and leases to core deposits
  • 66.96%Equity capital to assets
  • 9.25%Core capital (leverage) ratio
  • 9.51%Tier 1 risk-based capital ratio
  • 14.41%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $36,530Average earning assets
  • $3,410Average equity
  • $31,617Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with American Independent Bank, National Association.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents