BBCN Bank in Los Angeles, California (CA), NY, WA, NJ, IL
Overview, Financial Summary, Detailed Financial Reports, Branches


  • BBCN Bank in Los Angeles, California (CA), NY, WA, NJ, IL
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BBCN Bank - Overview

  • General
  • FDIC Certificate #: 26610
    Status: Active
    Federal Reserve ID: 671464
    Bank Holding Company (Regulatory Top Holder): Bbcn Bancorp, Inc. (RSSDID: 2961879, Location: Los Angeles, CA)
    Date Established: March 18, 1986
    WWW: http://www.centerbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 49 (Domestic: 49, Interstate: Yes)
    FDIC's unique #: 35331
    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: March 18, 1986
    Last Structure Change Effective Date: December 01, 2011
    Last Structure Change Process Date: December 12, 2011
    Last Data Update: December 12, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 3731 Wilshire Boulevard, Suite 1000, Los Angeles, CA 90010
    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
  • Participated in Absorption/Consolidation/Merger
    Change in Location
    Name Change
  • Financial Summary
  • Total assets: $5,170.7 mil
    Equity capital: $798.5 mil
    Deposits held in domestic offices: $3,989.4 mil
    Return on assets (ROA): 0.01% ($0.5 mil)
    Quarterly return on assets: -2.14% (-$110.7 mil)
    Return on Equity (ROE): 0.05% ($0.4 mil)
    Quarterly return on equity: -14.36% (-$114.7 mil)
    Net income: $0.2 mil
    Quarterly Net income: -$19.9 mil
    Pretax return on assets: -0.01% (-$517.1 mil)
    Quarterly Pretax return on assets: -2.46% (-$127,200.0 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
  • 678Total employees (full-time equivalent)
  • $5,170,732Total assets
  • $300,497Cash and due from depository institutions
  • $218,747Interest-bearing balances
  • $740,920Securities
  • $525Federal funds sold & reverse repurchase agreements
  • $3,759,282Net loans & leases
  • $61,952Loan loss allowance
  • $0Trading account assets
  • $19,877Bank premises and fixed assets
  • $7,625Other real estate owned
  • $104,834Goodwill and other intangibles
  • $5,170,732Life insurance assets
  • $237,172All other assets
  • $4,372,199Total liabilities and capital
  • $3,989,395Total liabilities
  • $2,958,554Total deposits
  • $3,989,395Interest-bearing deposits
  • $71Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $344,402Trading liabilities
  • $0Other borrowed funds
  • $38,402Subordinated debt
  • $798,533All other liabilities
  • $798,533Total equity capital
  • $798,533Total bank equity capital
  • $0Perpetual preferred stock
  • $16,386Common stock
  • $573,094Surplus
  • $209,053Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $42,407Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $74,627Income earned, not collected on loans
  • $26,787Earning assets
  • $13,439Long-term assets (5+ years)
  • $4,719,474Average Assets, year-to-date
  • $1,178,933Average Assets, quarterly
  • $2,846,518Volatile liabilities
  • $3,714,865Insider loans
  • $4,039,480FHLB advances
  • $5,216,793Loans and leases held for sale
  • $42,514Unused loan commitments
  • $17,657Tier 1 (core) risk-based capital
  • $668,674Tier 2 risk-based capital
  • $24,857Total risk weighted assets
  • $0Total unused commitments
  • $480,439Restructured Loans and leases
  • $4,348Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $22,917Total interest income
  • $2,938Total interest expense
  • $19,979Net interest income
  • $6,147Provision for loan and lease losses
  • $3,011Total noninterest income
  • $0Fiduciary activities
  • $1,063Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,948Additional noninterest income
  • $18,379Total noninterest expense
  • $4,099Salaries and employee benefits
  • $3,069Premises and equipment expense
  • $11,211Additional noninterest expense
  • -$1,536Pre-tax net operating income
  • $1,219Securities gains (losses)
  • -$496Applicable income taxes
  • $179Income before extraordinary items
  • $0Extraordinary gains - net
  • $179Net income attributable to bank
  • $0Net charge-offs
  • $179Cash dividends
  • $28,308Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.87%Yield on earning assets
  • 0.11%Cost of funding earning assets
  • 0.76%Net interest margin
  • 0.11%Noninterest income to earning assets
  • 0.70%Noninterest expense to earning assets
  • -0.02%Net operating income to assets
  • 0.01%Return on assets (ROA)
  • -0.01%Pretax return on assets
  • 0.05%Return on equity (ROE)
  • 0.05%Retained earnings to average equity (YTD only)
  • 1.40%Net charge-offs to loans
  • 21.71%Credit loss provision to net charge-offs
  • 0.16%Efficiency ratio
  • 79,617Assets per employee
  • 7.63%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.62%Loss allowance to noncurrent loans
  • 83.02%Noncurrent assets plus other real estate owned to assets
  • 1.59%Noncurrent loans to loans
  • 1.95%Net loans and leases to deposits
  • 94.23%Net loans and leases to core deposits
  • 110.64%Equity capital to assets
  • 15.44%Core capital (leverage) ratio
  • 12.82%Tier 1 risk-based capital ratio
  • 16.55%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $2,846,518Average earning assets
  • $397,348Average equity
  • $2,626,347Average loans

List of branches

  • 37 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    035331Bbcn Bank3731 Wilshire Boulevard, Suite 1000, Los Angeles, CA 90010March 18, 1986Full Service Brick and Mortar
    2259755Gardena Branch1400 West Redondo Beach Boulevard, Gardena, CA 90247October 15, 1987Full Service Brick and Mortar
    3259756Garden Grove Branch9580 Garden Grove Boulevard # 100, Orange County, CA 92844March 24, 1989Full Service Brick and Mortar
    4259757Downtown Branch1205 South Broadway, Los Angeles, CA 90015September 14, 1990Full Service Brick and Mortar
    5259758Western Branch253 N. Western Ave., Los Angeles, CA 90005December 01, 1991Full Service Brick and Mortar
    7360106San Pedro Branch1059 South San Pedro Street, Los Angeles, CA 90015April 02, 2001Full Service Brick and Mortar
    8361508Inland Branch1040 S. Mt. Vernon Ave. #a, Colton, CA 92324September 11, 2000Full Service Brick and Mortar
    9361509Wilshire Branch3435 Wilshire Blvd. #150, Los Angeles, CA 90010May 18, 2001Full Service Brick and Mortar
    10361510Torrance Branch2742 W. Sepulveda Blvd., Torrance, CA 90505May 21, 2001Full Service Brick and Mortar
    11361511San Diego Branch4428 Convoy St. #a-200, San Diego, CA 92111June 22, 2001Full Service Brick and Mortar
    12361512Cerritos Branch17127 S. Pioneer Blvd., Artesia, CA 90701June 18, 2001Full Service Brick and Mortar
    13365233Olympic Branch2222 W. Olympic Blvd., Los Angeles, CA 90006January 01, 2002Full Service Brick and Mortar
    14422401South Western Branch808 S. Western Ave. #101, Los Angeles, CA 90005October 01, 2002Full Service Brick and Mortar
    16430121Fullerton Branch5300 Beach Blvd. Suite 101, Buena Park, CA 90621July 01, 2003Full Service Brick and Mortar
    17433597Valley Branch10147 Reseda Boulevard, Northridge, CA 91324December 20, 2004Full Service Brick and Mortar
    20452622Irvine Branch14429 Culver Dr., Irvine, CA 92604November 01, 2005Full Service Brick and Mortar
    22477855Diamond Bar Branch2809 S. Diamond Bar Blvd., Diamond Bar, CA 91765March 15, 2008Full Service Brick and Mortar
    2316675Oakland Main Branch360 Fourteenth Street, Oakland, CA 94612July 01, 1982Full Service Brick and Mortar
    24256777Oakland Chinatown Branch401 Eight Street At Franklin, Oakland, CA 94607October 01, 1990Full Service Brick and Mortar
    25445190Santa Clara Branch3581 El Camino Real, Santa Clara, CA 95051October 12, 2005Full Service Brick and Mortar
    2840263Nara Bank Branch3731 Wilshire Boulevard, Suite 1000, Los Angeles, CA 90010June 16, 1989Full Service Brick and Mortar
    29262203Glendale Branch831 North Pacific Avenue, Glendale, CA 91203July 10, 1998Limited Service Facility
    30262204Fullerton Branch5307 Beach Boulevard, Buena Park, CA 90621September 15, 1998Limited Service Facility
    31262205Olympic Branch2727 West Olympic Boulevard, Los Angeles, CA 90006September 28, 1998Full Service Brick and Mortar
    32262206Downtown Branch1122 South Wall Street, Los Angeles, CA 90015June 19, 1996Full Service Brick and Mortar
    33262207Torrance Branch3030 West Sepulveda Boulevard, Torrance, CA 90505June 16, 1997Limited Service Facility
    34262208Valley Branch17639 Sherman Way, Unit C, Van Nuys, CA 91406November 17, 1997Limited Service Facility
    35262209Silicon Valley Branch1102 East El Camino Real, Sunnyvale, CA 94087December 22, 1997Full Service Brick and Mortar
    39358763Oakland Branch1940 Webster St, Oakland, CA 94612August 15, 2000Full Service Brick and Mortar
    40362507Cerritos Branch4875 La Palma Avenue, La Palma, CA 90623September 14, 2001Full Service Brick and Mortar
    41364293Wilshire Branch3600 Wilshire Boulevard, Suite 100-A, Los Angeles, CA 90010June 30, 2000Full Service Brick and Mortar
    43419789Diamond Bar Branch21080 Golden Springs Drive, City Of Industry, CA 91789June 24, 2003Limited Service Facility
    44429950Rowland Heights Branch1709 South Nogales St. Suite 100, Rowland Heights, CA 91748April 16, 2004Full Service Brick and Mortar
    45444872Gardena Branch1890 W. Redondo Beach Boulevard, Gardena, CA 90247August 30, 2005Full Service Brick and Mortar
    47462462Garden Grove Branch10055 Garden Grove Blvd, Garden Grove, CA 92844April 16, 2007Full Service Brick and Mortar
    48467233Corporate Banking Center Branch3731 Wilshire Blvd Suite 410, Los Angeles, CA 90010October 16, 2006Full Service Brick and Mortar
    49478973Stanford Branch807 E 12th Street Suite 400, Los Angeles, CA 90021May 16, 2008Limited Service Facility
  • 1 Illinois Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    1547751Chicago Branch5520 N. Lincoln Ave., Chicago, IL 60625January 30, 1967Full Service Brick and Mortar
  • 2 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    50493435Fort Lee Branch2025 Lemoine Ave, Fort Lee, NJ 7024January 01, 2009Full Service Brick and Mortar
    52513966Edison Branch1757 Lincoln Highway (Rt. 27), Edison, NJ 8817August 13, 2010Full Service Brick and Mortar
  • 6 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    3617272Ny Administration29 West 30th Street, New York City, NY 10001January 25, 1984Limited Service Administrative
    37257727Woodside Branch50-15 Roosevelt Avenue, Woodside, NY 11377November 03, 1986Full Service Brick and Mortar
    38257728Flushing Branch138-02 Northern Boulevard, Flushing, NY 11354November 01, 1993Full Service Brick and Mortar
    42366323Manhattan Branch16 West 32nd Street, New York, NY 10001November 08, 1990Full Service Brick and Mortar
    46453068Ny Bayside Branch209-07 Northern Blvd., Bayside, NY 11361October 01, 2005Full Service Brick and Mortar
    51511467Great Neck Branch485 Great Neck Rd, Great Neck, NY 11021June 24, 2010Limited Service Facility
  • 3 Washington Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    18439918Seattle Branch17410 Highway 99, Suite 130, Lynnwood, WA 98037April 15, 2005Full Service Brick and Mortar
    21469437Federal Way Branch31217 Pacific Highway South, Suite A-101, Federal Way, WA 98003November 19, 2007Full Service Brick and Mortar
    27517248Seattle Loan Production Office10655 North East 4th Street, Bellevue, WA 98004December 01, 2010Limited Service Loan Production

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