California Business Bank in Los Angeles, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • California Business Bank in Los Angeles, California (CA)
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California Business Bank - Overview

  • General
  • FDIC Certificate #: 58037
    Status: Active
    Federal Reserve ID: 3390337
    Date Established: November 01, 2005
    WWW: http://www.californiabusinessbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 436956
    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: November 01, 2005
    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: 800 West Sixth Street, Suite 1000, Los Angeles, CA 90017
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $88.8 mil
    Equity capital: $5.0 mil
    Deposits held in domestic offices: $83.5 mil
    Return on assets (ROA): -8.74% (-$7.8 mil)
    Quarterly return on assets: -6.27% (-$5.6 mil)
    Return on Equity (ROE): -119.30% (-$6.0 mil)
    Quarterly return on equity: -102.61% (-$5.1 mil)
    Net income: -$8.4 mil
    Quarterly Net income: -$1.5 mil
    Pretax return on assets: -8.32% (-$7,384.7 mil)
    Quarterly Pretax return on assets: -6.27% (-$5,565.2 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
  • 23Total employees (full-time equivalent)
  • $88,759Total assets
  • $23,523Cash and due from depository institutions
  • $17,373Interest-bearing balances
  • $0Securities
  • $380Federal funds sold & reverse repurchase agreements
  • $61,655Net loans & leases
  • $3,475Loan loss allowance
  • $0Trading account assets
  • $177Bank premises and fixed assets
  • $1,920Other real estate owned
  • $159Goodwill and other intangibles
  • $88,759Life insurance assets
  • $945All other assets
  • $83,762Total liabilities and capital
  • $83,528Total liabilities
  • $63,625Total deposits
  • $83,528Interest-bearing deposits
  • $79Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $234Subordinated debt
  • $4,997All other liabilities
  • $4,997Total equity capital
  • $4,997Total bank equity capital
  • $0Perpetual preferred stock
  • $23,628Common stock
  • $889Surplus
  • $-19,520Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,828Income earned, not collected on loans
  • $0Earning assets
  • $167Long-term assets (5+ years)
  • $79,408Average Assets, year-to-date
  • $4,264Average Assets, quarterly
  • $95,589Volatile liabilities
  • $93,083Insider loans
  • $58,425FHLB advances
  • $93,789Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,997Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,641Restructured Loans and leases
  • $3,039Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,904Total interest income
  • $821Total interest expense
  • $3,083Net interest income
  • $5,410Provision for loan and lease losses
  • -$682Total noninterest income
  • $0Fiduciary activities
  • $67Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$749Additional noninterest income
  • $4,940Total noninterest expense
  • $2,448Salaries and employee benefits
  • $327Premises and equipment expense
  • $2,165Additional noninterest expense
  • -$7,949Pre-tax net operating income
  • $0Securities gains (losses)
  • $408Applicable income taxes
  • -$8,357Income before extraordinary items
  • $0Extraordinary gains - net
  • -$8,357Net income attributable to bank
  • $0Net charge-offs
  • -$8,357Cash dividends
  • $5,044Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.40%Yield on earning assets
  • 0.93%Cost of funding earning assets
  • 3.47%Net interest margin
  • -0.77%Noninterest income to earning assets
  • 5.57%Noninterest expense to earning assets
  • -8.74%Net operating income to assets
  • -8.74%Return on assets (ROA)
  • -8.32%Pretax return on assets
  • -119.30%Return on equity (ROE)
  • -119.30%Retained earnings to average equity (YTD only)
  • 7.01%Net charge-offs to loans
  • 107.26%Credit loss provision to net charge-offs
  • -0.50%Efficiency ratio
  • 205,748Assets per employee
  • 3.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.34%Loss allowance to noncurrent loans
  • 71.98%Noncurrent assets plus other real estate owned to assets
  • 7.60%Noncurrent loans to loans
  • 7.41%Net loans and leases to deposits
  • 73.81%Net loans and leases to core deposits
  • 88.67%Equity capital to assets
  • 5.63%Core capital (leverage) ratio
  • 5.33%Tier 1 risk-based capital ratio
  • 8.55%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $95,589Average earning assets
  • $7,005Average equity
  • $88,734Average loans

List of branches

  • 2 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0436956California Business Bank800 West Sixth Street, Suite 1000, Los Angeles, CA 90017November 01, 2005Full Service Brick and Mortar
    1491473Rancho Cucamonga Branch9267 Haven Ave, Rancho Cucamonga, CA 91730August 11, 2008Full Service Brick and Mortar

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