California State Bank in Covina, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 21, 1998

  • California State Bank in Covina, California (CA)
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California State Bank - Overview

  • General
  • FDIC Certificate #: 23888
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Security Bank of California, N.A. (#23496)
    Federal Reserve ID: 163969
    Date Established: June 15, 1982
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 18 (Interstate: No)
    OTS Docket #: 13192
    FDIC's unique #: 16687
    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: June 15, 1982
    Last Structure Change Effective Date: December 21, 1998
    Last Structure Change Process Date: January 21, 1999
    Last Data Update: January 21, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 925 West Badillo Street, Covina, CA 91722
    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)
  • Financial Summary
  • Total assets: $886.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 323Total employees (full-time equivalent)
  • $849,232Total assets
  • $38,091Cash and due from depository institutions
  • $10Interest-bearing balances
  • $293,629Securities
  • $14,600Federal funds sold & reverse repurchase agreements
  • $442,819Net loans & leases
  • $8,401Loan loss allowance
  • $0Trading account assets
  • $16,483Bank premises and fixed assets
  • $2,217Other real estate owned
  • $16,142Goodwill and other intangibles
  • $0Life insurance assets
  • $25,251All other assets
  • $849,232Total liabilities and capital
  • $765,799Total liabilities
  • $701,658Total deposits
  • $446,328Interest-bearing deposits
  • $701,658Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,298Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $50,000Other borrowed funds
  • $0Subordinated debt
  • $11,843All other liabilities
  • $83,433Total equity capital
  • $83,433Total bank equity capital
  • $83,433Perpetual preferred stock
  • $0Common stock
  • $49,095Surplus
  • $0Undivided profits
  • Memoranda
  • $34,338Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3,114Earning assets
  • $0Long-term assets (5+ years)
  • $2,604Average Assets, year-to-date
  • $751,058Average Assets, quarterly
  • $200,125Volatile liabilities
  • $792,660Insider loans
  • $828,046FHLB advances
  • $121,106Loans and leases held for sale
  • $2,788Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $18,434Total risk weighted assets
  • $145,672Total unused commitments
  • $0Restructured Loans and leases
  • $584,609Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $59,506Total interest income
  • $16,154Total interest expense
  • $43,352Net interest income
  • $700Provision for loan and lease losses
  • $7,223Total noninterest income
  • $0Fiduciary activities
  • $3,192Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,031Additional noninterest income
  • $34,477Total noninterest expense
  • $17,203Salaries and employee benefits
  • $6,268Premises and equipment expense
  • $11,006Additional noninterest expense
  • $15,398Pre-tax net operating income
  • $65Securities gains (losses)
  • $6,133Applicable income taxes
  • $9,330Income before extraordinary items
  • $0Extraordinary gains - net
  • $9,330Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $564Sale, conversion, retirement of capital stock, net
  • $2,259Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.72%Yield on earning assets
  • 2.37%Cost of funding earning assets
  • 6.35%Net interest margin
  • 1.06%Noninterest income to earning assets
  • 5.05%Noninterest expense to earning assets
  • 1.17%Net operating income to assets
  • 1.18%Return on assets (ROA)
  • 1.95%Pretax return on assets
  • 11.59%Return on equity (ROE)
  • 8.78%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 124.11%Credit loss provision to net charge-offs
  • 28.54%Efficiency ratio
  • 65,192Assets per employee
  • 2.63%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 24.21%Loss allowance to loans
  • 1.86%Loss allowance to noncurrent loans
  • 269.78%Noncurrent assets plus other real estate owned to assets
  • 0.46%Noncurrent loans to loans
  • 0.69%Net loans and leases to deposits
  • 63.11%Net loans and leases to core deposits
  • 73.45%Equity capital to assets
  • 9.82%Core capital (leverage) ratio
  • 8.16%Tier 1 risk-based capital ratio
  • 11.37%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $792,660Average earning assets
  • $80,512Average equity
  • $682,635Average loans

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