California State Bank in Covina, California (CA)



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California State Bank
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)323
Total assets$849,232
Cash and due from depository institutions$38,091
Interest-bearing balances$10
Securities$293,629
Federal funds sold & reverse repurchase agreements$14,600
Net loans & leases$442,819
Loan loss allowance $8,401
Trading account assets$0
Bank premises and fixed assets$16,483
Other real estate owned$2,217
Goodwill and other intangibles$16,142
All other assets$25,251
Life insurance assets$0
Total liabilities and capital$849,232
Total liabilities$765,799
Total deposits$701,658
Interest-bearing deposits$446,328
Deposits held in domestic offices$701,658
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $2,298
Trading liabilities$0
Other borrowed funds $50,000
Subordinated debt $0
All other liabilities $11,843
Total equity capital$83,433
Total bank equity capital$83,433
Perpetual preferred stock$83,433
Common stock$0
Surplus$49,095
Undivided profits $0
Memoranda
Noncurrent loans and leases $34,338
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $3,114
Long-term assets (5+ years) $0
Average Assets, year-to-date $2,604
Average Assets, quarterly $751,058
Volatile liabilities $200,125
Insider loans $792,660
FHLB advances $828,046
Loans and leases held for sale $121,106
Unused loan commitments $2,788
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $18,434
Total unused commitments $145,672
Restructured Loans and leases $0
Derivatives$584,609
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Income and Expense (December 31, 1997)
(Dollar figures in thousands)
Total interest income $59,506
Total interest expense $16,154
Net interest income $43,352
Provision for loan and lease losses $700
Total noninterest income $7,223
Fiduciary activities $0
Service charges on deposit accounts $3,192
Trading account gains & fees $0
Additional noninterest income $4,031
Total noninterest expense $34,477
Salaries and employee benefits $17,203
Premises and equipment expense $6,268
Additional noninterest expense $11,006
Pre-tax net operating income $15,398
Securities gains (losses) $65
Applicable income taxes $6,133
Income before extraordinary items $9,330
Extraordinary gains - net $0
Net income attributable to bank $9,330
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $564
Net operating income $2,259
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Performance and Condition Ratios (December 31, 1997)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.72%
Cost of funding earning assets 2.37%
Net interest margin 6.35%
Noninterest income to earning assets 1.06%
Noninterest expense to earning assets 5.05%
Net operating income to assets 1.17%
Return on assets (ROA) 1.18%
Pretax return on assets 1.95%
Return on equity (ROE) 11.59%
Retained earnings to average equity (YTD only) 8.78%
Net charge-offs to loans 0.13%
Credit loss provision to net charge-offs 124.11%
Efficiency ratio28.54%
Assets per employee$65,192
Cash dividends to net income (YTD only)2.63%
Condition Ratios (%)
Loss allowance to loans 24.21%
Loss allowance to noncurrent loans 1.86%
Noncurrent assets plus other real estate owned to assets 269.78%
Noncurrent loans to loans 0.46%
Net loans and leases to deposits0.69%
Net loans and leases to core deposits 63.11%
Equity capital to assets 73.45%
Core capital (leverage) ratio 9.82%
Tier 1 risk-based capital ratio 8.16%
Total risk-based capital ratio 11.37%
Memoranda
Average assets$13
Average earning assets$792,660
Average equity $80,512
Average loans $682,635
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