American Security Bank in Newport Beach, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • American Security Bank in Newport Beach, California (CA)
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American Security Bank routing number info

American Security Bank - Overview

  • General
  • FDIC Certificate #: 33121
    Status: Active
    Federal Reserve ID: 1471577
    Bank Holding Company (Regulatory Top Holder): America Bancshares, Inc. (RSSDID: 3192773, Location: Newport Beach, CA)
    Date Established: September 17, 1990
    WWW: http://www.amsecbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 10 (Domestic: 10, Interstate: No)
    FDIC's unique #: 46356
    Numeric code: 13
    Regulator: FED
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 17, 1990
    Last Structure Change Effective Date: July 07, 2008
    Last Structure Change Process Date: September 12, 2008
    Last Data Update: September 12, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 1401 Dove Street, Suite 100, Newport Beach, CA 92660
    County: Orange
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Orange
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Orange County, CA (#5945)
    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: Santa Ana-Anaheim-Irvine, CA (#42044)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $424.0 mil
    Equity capital: $53.0 mil
    Deposits held in domestic offices: $370.1 mil
    Return on assets (ROA): 1.01% ($4.3 mil)
    Quarterly return on assets: 1.00% ($4.2 mil)
    Return on Equity (ROE): 8.14% ($4.3 mil)
    Quarterly return on equity: 7.90% ($4.2 mil)
    Net income: $4.2 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 1.01% ($4,282.1 mil)
    Quarterly Pretax return on assets: 1.00% ($4,239.7 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
  • 97Total employees (full-time equivalent)
  • $423,967Total assets
  • $70,395Cash and due from depository institutions
  • $64,364Interest-bearing balances
  • $38,184Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $291,149Net loans & leases
  • $5,471Loan loss allowance
  • $0Trading account assets
  • $4,747Bank premises and fixed assets
  • $366Other real estate owned
  • $12,269Goodwill and other intangibles
  • $423,967Life insurance assets
  • $6,857All other assets
  • $370,992Total liabilities and capital
  • $370,102Total liabilities
  • $222,619Total deposits
  • $370,102Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $890Subordinated debt
  • $52,975All other liabilities
  • $52,975Total equity capital
  • $52,975Total bank equity capital
  • $0Perpetual preferred stock
  • $8,185Common stock
  • $41,072Surplus
  • $3,718Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,867Income earned, not collected on loans
  • $237Earning assets
  • $1,305Long-term assets (5+ years)
  • $393,697Average Assets, year-to-date
  • $105,800Average Assets, quarterly
  • $416,038Volatile liabilities
  • $417,691Insider loans
  • $302,765FHLB advances
  • $407,152Loans and leases held for sale
  • $127Unused loan commitments
  • $127Tier 1 (core) risk-based capital
  • $40,600Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $33,922Restructured Loans and leases
  • $706Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $19,520Total interest income
  • $1,544Total interest expense
  • $17,976Net interest income
  • $0Provision for loan and lease losses
  • $1,191Total noninterest income
  • $0Fiduciary activities
  • $886Service charges on deposit accounts
  • $0Trading account gains & fees
  • $305Additional noninterest income
  • $15,119Total noninterest expense
  • $8,167Salaries and employee benefits
  • $2,209Premises and equipment expense
  • $4,743Additional noninterest expense
  • $4,048Pre-tax net operating income
  • $171Securities gains (losses)
  • $1Applicable income taxes
  • $4,218Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,218Net income attributable to bank
  • $0Net charge-offs
  • $4,218Cash dividends
  • $518Sale, conversion, retirement of capital stock, net
  • $1,450Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.08%Yield on earning assets
  • 0.40%Cost of funding earning assets
  • 4.67%Net interest margin
  • 0.31%Noninterest income to earning assets
  • 3.93%Noninterest expense to earning assets
  • 0.97%Net operating income to assets
  • 1.01%Return on assets (ROA)
  • 1.01%Pretax return on assets
  • 8.14%Return on equity (ROE)
  • 5.34%Retained earnings to average equity (YTD only)
  • 0.17%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 7.81%Efficiency ratio
  • 78,672Assets per employee
  • 4.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 34.38%Loss allowance to loans
  • 1.84%Loss allowance to noncurrent loans
  • 61.70%Noncurrent assets plus other real estate owned to assets
  • 2.18%Noncurrent loans to loans
  • 2.99%Net loans and leases to deposits
  • 78.67%Net loans and leases to core deposits
  • 84.46%Equity capital to assets
  • 12.50%Core capital (leverage) ratio
  • 9.97%Tier 1 risk-based capital ratio
  • 13.41%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $416,038Average earning assets
  • $51,810Average equity
  • $384,517Average loans

Total Fiduciary and Related Assets (December 31, 2005)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $245Managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $245Other retirement accounts
  • $245Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 10 California Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    046356American Security Bank1401 Dove Street, Suite 100, Newport Beach, CA 92660September 17, 1990Full Service Brick and Mortar
    1289242Lancaster Branch42548 Tenth Street West, Lancaster, CA 93534September 02, 1997Full Service Brick and Mortar
    3289244Victorville Branch13792 Bear Valley Road, Victorville, CA 92392Febuary 17, 1998Limited Service Facility
    4289245Apple Valley Branch19197 Town Center Drive, Apple Valley, CA 92307Febuary 22, 1998Full Service Brick and Mortar
    5289246Laguna Niguel Branch30100 Town Center Drive, Suite Q, Laguna Niguel, CA 92677September 21, 1998Full Service Brick and Mortar
    8290797Limited Service (Courier) Branch1401 Dove Stret, Suite 100, Newport Beach, CA 92660June 29, 1998Limited Service Messenger
    10442968Corona Branch2163 Compton Avenue, Corona, CA 92881June 27, 2005Limited Service Loan Production
    11478485Corona Branch2163 Compton Avenue, Corona, CA 92881September 24, 2007Full Service Brick and Mortar
    12478486Spirit River Branch16020 B Apple Valley Rd., B1, Apple Valley, CA 92307April 21, 2008Full Service Brick and Mortar
    13493445Newport Beach Branch1401 Dove St., Newport Beach, CA 92660July 07, 2008Full Service Brick and Mortar

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