Calwest Bank in Torrance, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 14, 2000

  • Calwest Bank in Torrance, California (CA)
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Calwest Bank - Overview

  • General
  • FDIC Certificate #: 26294
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank of Orange County (#23130)
    Federal Reserve ID: 814261
    Date Established: June 17, 1985
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 32701
    Numeric code: 13
    Regulator: FED
    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 17, 1985
    Last Structure Change Effective Date: July 14, 2000
    Last Structure Change Process Date: September 12, 2000
    Last Data Update: September 12, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 23550 Hawthorne Boulevard, Suite 100, Torrance, CA 90505
    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: $85.3 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 28Total employees (full-time equivalent)
  • $72,812Total assets
  • $3,883Cash and due from depository institutions
  • $784Interest-bearing balances
  • $3,375Securities
  • $4,866Federal funds sold & reverse repurchase agreements
  • $50,706Net loans & leases
  • $642Loan loss allowance
  • $0Trading account assets
  • $556Bank premises and fixed assets
  • $0Other real estate owned
  • $7,771Goodwill and other intangibles
  • $0Life insurance assets
  • $1,655All other assets
  • $72,812Total liabilities and capital
  • $57,973Total liabilities
  • $57,612Total deposits
  • $42,841Interest-bearing deposits
  • $57,612Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $361All other liabilities
  • $14,839Total equity capital
  • $14,839Total bank equity capital
  • $14,839Perpetual preferred stock
  • $0Common stock
  • $14,194Surplus
  • $0Undivided profits
  • Memoranda
  • $645Noncurrent loans and leases
  • $6,276Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $244Average Assets, year-to-date
  • $59,731Average Assets, quarterly
  • $15,058Volatile liabilities
  • $74,711Insider loans
  • $77,059FHLB advances
  • $11,111Loans and leases held for sale
  • $30Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,276Total unused commitments
  • $0Restructured Loans and leases
  • $642Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $4,855Total interest income
  • $1,686Total interest expense
  • $3,169Net interest income
  • $410Provision for loan and lease losses
  • $169Total noninterest income
  • $0Fiduciary activities
  • $149Service charges on deposit accounts
  • $0Trading account gains & fees
  • $20Additional noninterest income
  • $4,297Total noninterest expense
  • $1,545Salaries and employee benefits
  • $614Premises and equipment expense
  • $2,138Additional noninterest expense
  • -$1,369Pre-tax net operating income
  • -$331Securities gains (losses)
  • -$89Applicable income taxes
  • -$1,611Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,611Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $50Sale, conversion, retirement of capital stock, net
  • $1,200Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.78%Yield on earning assets
  • 2.70%Cost of funding earning assets
  • 5.08%Net interest margin
  • 0.27%Noninterest income to earning assets
  • 6.88%Noninterest expense to earning assets
  • -1.74%Net operating income to assets
  • -2.16%Return on assets (ROA)
  • -2.28%Pretax return on assets
  • -10.38%Return on equity (ROE)
  • -18.11%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 820.00%Credit loss provision to net charge-offs
  • -19.18%Efficiency ratio
  • 116,357Assets per employee
  • 2.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -74.49%Loss allowance to loans
  • 1.25%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 88.01%Net loans and leases to core deposits
  • 109.04%Equity capital to assets
  • 20.38%Core capital (leverage) ratio
  • 9.82%Tier 1 risk-based capital ratio
  • 13.58%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $74,711Average earning assets
  • $15,526Average equity
  • $62,428Average loans

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