FDIC Certificate #: 57198 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First General Bank (#58060) Federal Reserve ID: 3175619 Date Established: July 07, 2003 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 359426 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: July 07, 2003 Last Structure Change Effective Date: January 31, 2011 Last Structure Change Process Date: March 01, 2011 Last Data Update: March 01, 2011 Data Source Date: April 05, 2012
Location
Address: 336 East Huntington Drive, Arcadia, CA 91006 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)
Financial Summary
Total assets: $110.5 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2010)
Dollar figures in thousands
15Total employees (full-time equivalent)
$110,520Total assets
$2,605Cash and due from depository institutions
$1,491Interest-bearing balances
$6,779Securities
$15,000Federal funds sold & reverse repurchase agreements
$84,436Net loans & leases
$1,260Loan loss allowance
$0Trading account assets
$31Bank premises and fixed assets
$533Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,136All other assets
$110,520Total liabilities and capital
$95,164Total liabilities
$94,971Total deposits
$90,792Interest-bearing deposits
$94,971Deposits held in domestic offices
81.57%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$193All other liabilities
$15,356Total equity capital
$15,356Total bank equity capital
$15,356Perpetual preferred stock
$1,800Common stock
$9,150Surplus
$9,150Undivided profits
Memoranda
$-4,744Noncurrent loans and leases
$2,876Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$842Earning assets
$0Long-term assets (5+ years)
$388Average Assets, year-to-date
$107,706Average Assets, quarterly
$22,082Volatile liabilities
$107,128Insider loans
$110,585FHLB advances
$50,384Loans and leases held for sale
$8,559Unused loan commitments
$0Tier 1 (core) risk-based capital
$2,922Tier 2 risk-based capital
$0Total risk weighted assets
$2,876Total unused commitments
$0Restructured Loans and leases
$1,163Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$4,695Total interest income
$1,544Total interest expense
$3,151Net interest income
$493Provision for loan and lease losses
$136Total noninterest income
$0Fiduciary activities
$6Service charges on deposit accounts
$0Trading account gains & fees
$130Additional noninterest income
$2,770Total noninterest expense
$1,277Salaries and employee benefits
$398Premises and equipment expense
$1,095Additional noninterest expense
$24Pre-tax net operating income
$0Securities gains (losses)
$1Applicable income taxes
$23Income before extraordinary items
$0Extraordinary gains - net
$23Net income attributable to bank
$0Net charge-offs
$23Cash dividends
$440Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.51%Yield on earning assets
1.48%Cost of funding earning assets
3.03%Net interest margin
0.13%Noninterest income to earning assets
2.66%Noninterest expense to earning assets
0.02%Net operating income to assets
0.02%Return on assets (ROA)
0.02%Pretax return on assets
0.15%Return on equity (ROE)
0.15%Retained earnings to average equity (YTD only)
0.54%Net charge-offs to loans
112.05%Credit loss provision to net charge-offs
1.18%Efficiency ratio
84,271Assets per employee
7.37%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.47%Loss allowance to noncurrent loans
149.64%Noncurrent assets plus other real estate owned to assets
1.24%Noncurrent loans to loans
0.98%Net loans and leases to deposits
88.91%Net loans and leases to core deposits
189.37%Equity capital to assets
13.89%Core capital (leverage) ratio
13.82%Tier 1 risk-based capital ratio
16.64%Total risk-based capital ratio
Memoranda
$18Average assets
$107,128Average earning assets
$15,264Average equity
$104,058Average loans
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