Beach Business Bank in Manhattan Beach, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Beach Business Bank in Manhattan Beach, California (CA)
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Beach Business Bank routing number info

Beach Business Bank - Overview

  • General
  • FDIC Certificate #: 57678
    Status: Active
    Federal Reserve ID: 3252510
    Date Established: June 01, 2004
    WWW: http://www.beachbusinessbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 419540
    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: June 01, 2004
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1230 Rosecrans Avenue, Suite 100, Manhattan Beach, CA 90266
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $305.0 mil
    Equity capital: $35.1 mil
    Deposits held in domestic offices: $251.1 mil
    Return on assets (ROA): 0.67% ($2.0 mil)
    Quarterly return on assets: 0.73% ($2.2 mil)
    Return on Equity (ROE): 5.62% ($2.0 mil)
    Quarterly return on equity: 6.30% ($2.2 mil)
    Net income: $2.0 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 0.67% ($2,043.7 mil)
    Quarterly Pretax return on assets: 0.73% ($2,226.7 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
  • 51Total employees (full-time equivalent)
  • $305,024Total assets
  • $40,164Cash and due from depository institutions
  • $35,259Interest-bearing balances
  • $5,825Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $254,634Net loans & leases
  • $5,942Loan loss allowance
  • $0Trading account assets
  • $307Bank premises and fixed assets
  • $0Other real estate owned
  • $184Goodwill and other intangibles
  • $305,024Life insurance assets
  • $3,910All other assets
  • $269,947Total liabilities and capital
  • $251,057Total liabilities
  • $184,070Total deposits
  • $251,057Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $13,500Trading liabilities
  • $0Other borrowed funds
  • $5,390Subordinated debt
  • $35,077All other liabilities
  • $35,077Total equity capital
  • $35,077Total bank equity capital
  • $3,153Perpetual preferred stock
  • $38,334Common stock
  • $0Surplus
  • $-6,410Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $14,133Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,891Income earned, not collected on loans
  • $196Earning assets
  • $1,000Long-term assets (5+ years)
  • $295,718Average Assets, year-to-date
  • $93,098Average Assets, quarterly
  • $304,355Volatile liabilities
  • $306,148Insider loans
  • $241,313FHLB advances
  • $303,328Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $35,039Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $44,391Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,315Total interest income
  • $2,366Total interest expense
  • $12,949Net interest income
  • $1,494Provision for loan and lease losses
  • $1,932Total noninterest income
  • $0Fiduciary activities
  • $484Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,448Additional noninterest income
  • $11,355Total noninterest expense
  • $6,969Salaries and employee benefits
  • $810Premises and equipment expense
  • $3,576Additional noninterest expense
  • $2,032Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $2,032Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,032Net income attributable to bank
  • $0Net charge-offs
  • $2,032Cash dividends
  • $1,494Sale, conversion, retirement of capital stock, net
  • $295Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.19%Yield on earning assets
  • 0.80%Cost of funding earning assets
  • 4.38%Net interest margin
  • 0.65%Noninterest income to earning assets
  • 3.84%Noninterest expense to earning assets
  • 0.67%Net operating income to assets
  • 0.67%Return on assets (ROA)
  • 0.67%Pretax return on assets
  • 5.62%Return on equity (ROE)
  • 4.80%Retained earnings to average equity (YTD only)
  • 0.58%Net charge-offs to loans
  • 100.00%Credit loss provision to net charge-offs
  • 2.36%Efficiency ratio
  • 76,305Assets per employee
  • 5.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 14.52%Loss allowance to loans
  • 2.28%Loss allowance to noncurrent loans
  • 75.30%Noncurrent assets plus other real estate owned to assets
  • 2.59%Noncurrent loans to loans
  • 3.03%Net loans and leases to deposits
  • 101.42%Net loans and leases to core deposits
  • 105.51%Equity capital to assets
  • 11.50%Core capital (leverage) ratio
  • 11.55%Tier 1 risk-based capital ratio
  • 14.52%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $304,355Average earning assets
  • $36,188Average equity
  • $295,354Average loans

List of branches

  • 3 California Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    0419540Beach Business Bank1230 Rosecrans Avenue, Suite 100, Manhattan Beach, CA 90266June 01, 2004Full Service Brick and Mortar
    1453105Ocean Boulevard Branch180 E. Ocean Boulevard, Suite 100, Long Beach, CA 90802May 22, 2006Full Service Brick and Mortar
    2511144Orange County Office Branch650 Town Center Drive, Suite 150, Costa Mesa, CA 92626Febuary 22, 2010Full Service Brick and Mortar

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