Bank of Southern California in San Diego, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 30, 1996

Bank of Southern California in San Diego, California (CA)
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Bank of Southern California - Overview

General
FDIC Certificate #: 24267
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First National Bank (#23634)
Federal Reserve ID: 388070
Date Established: January 03, 1983
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 16887
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 03, 1983
Last Structure Change Effective Date: September 30, 1996
Last Structure Change Process Date: October 23, 1996
Last Data Update: October 23, 1996
Data Source Date: April 05, 2012
Location
Address: 1620 Fifth Avenue, San Diego, CA 92138
County: San Diego
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): San Diego, CA (#7320)
Core Based Statistical Area (CBSA): San Diego-Carlsbad-San Marcos, CA (#41740)
CBSA Metro Statistical Area: San Diego-Carlsbad-San Marcos, CA (#41740)
Financial Summary
Total assets: $156.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$115Total assets
$158,898Cash and due from depository institutions
$14,017Interest-bearing balances
$0Securities
$45,183Federal funds sold & reverse repurchase agreements
$7,683Net loans & leases
$85,201Loan loss allowance
$4,028Trading account assets
$0Bank premises and fixed assets
$1,852Other real estate owned
$2,199Goodwill and other intangibles
$2,763Life insurance assets
$0All other assets
$0Total liabilities and capital
$158,898Total liabilities
$146,475Total deposits
$145,681Interest-bearing deposits
$112,509Deposits held in domestic offices
145681.00%% insured (estimated)
$76Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$794Total equity capital
$794Total bank equity capital
$12,423Perpetual preferred stock
$2,289Common stock
$22,208Surplus
$0Undivided profits
Memoranda
$-12,074Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$7,773Income earned, not collected on loans
$599Earning assets
$138,067Long-term assets (5+ years)
$1,510Average Assets, year-to-date
$165,799Average Assets, quarterly
$161,497Volatile liabilities
$24,269Insider loans
$1,090FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$25,789Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$12,436Total risk weighted assets
$99,729Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$12,781Total interest expense
$4,655Net interest income
$8,126Provision for loan and lease losses
$915Total noninterest income
$3,005Fiduciary activities
$0Service charges on deposit accounts
$880Trading account gains & fees
$0Additional noninterest income
$2,125Total noninterest expense
$10,060Salaries and employee benefits
$4,993Premises and equipment expense
$2,275Additional noninterest expense
$2,792Pre-tax net operating income
$156Securities gains (losses)
$15Applicable income taxes
$58Income before extraordinary items
$113Extraordinary gains - net
$0Net income attributable to bank
$113Net charge-offs
$3,359Cash dividends
$0Sale, conversion, retirement of capital stock, net
$2,289Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.85%Cost of funding earning assets
3.22%Net interest margin
5.62%Noninterest income to earning assets
2.08%Noninterest expense to earning assets
6.96%Net operating income to assets
0.06%Return on assets (ROA)
0.07%Pretax return on assets
0.10%Return on equity (ROE)
1.00%Retained earnings to average equity (YTD only)
1.00%Net charge-offs to loans
3.28%Credit loss provision to net charge-offs
27.24%Efficiency ratio
90,378Assets per employee
1.38%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.51%Loss allowance to noncurrent loans
51.82%Noncurrent assets plus other real estate owned to assets
6.28%Noncurrent loans to loans
8.71%Net loans and leases to deposits
58.48%Net loans and leases to core deposits
70.18%Equity capital to assets
7.82%Core capital (leverage) ratio
7.67%Tier 1 risk-based capital ratio
12.47%Total risk-based capital ratio
Memoranda
$14Average assets
$165,799Average earning assets
$11,301Average equity
$144,490Average loans

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