Cerritos Valley Bank in Artesia, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 16, 2002

  • Cerritos Valley Bank in Artesia, California (CA)
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Cerritos Valley Bank - Overview

  • General
  • FDIC Certificate #: 20042
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank of Orange County (#23130)
    Federal Reserve ID: 342960
    Date Established: September 29, 1969
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Interstate: No)
    OTS Docket #: 14742
    FDIC's unique #: 13770
    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: September 29, 1969
    Last Structure Change Effective Date: August 16, 2002
    Last Structure Change Process Date: October 16, 2002
    Last Data Update: October 16, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 18300 Pioneer Boulevard, Artesia, CA 90701
    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: $96.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)

  • Dollar figures in thousands
  • 50Total employees (full-time equivalent)
  • $98,002Total assets
  • $7,069Cash and due from depository institutions
  • $7Interest-bearing balances
  • $35,021Securities
  • $11,450Federal funds sold & reverse repurchase agreements
  • $33,928Net loans & leases
  • $1,597Loan loss allowance
  • $0Trading account assets
  • $3,985Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $6,549All other assets
  • $98,002Total liabilities and capital
  • $92,396Total liabilities
  • $88,769Total deposits
  • $53,070Interest-bearing deposits
  • $88,769Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $188Other borrowed funds
  • $0Subordinated debt
  • $3,439All other liabilities
  • $5,606Total equity capital
  • $5,606Total bank equity capital
  • $5,606Perpetual preferred stock
  • $0Common stock
  • $6,421Surplus
  • $140Undivided profits
  • Memoranda
  • $-955Noncurrent loans and leases
  • $8,139Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,610Earning assets
  • $0Long-term assets (5+ years)
  • $536Average Assets, year-to-date
  • $80,406Average Assets, quarterly
  • $12,358Volatile liabilities
  • $109,619Insider loans
  • $98,590FHLB advances
  • $6,741Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $8,139Total unused commitments
  • $0Restructured Loans and leases
  • $680Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $6,471Total interest income
  • $1,900Total interest expense
  • $4,571Net interest income
  • $3,188Provision for loan and lease losses
  • $1,484Total noninterest income
  • $0Fiduciary activities
  • $1,036Service charges on deposit accounts
  • $0Trading account gains & fees
  • $448Additional noninterest income
  • $7,146Total noninterest expense
  • $2,686Salaries and employee benefits
  • $773Premises and equipment expense
  • $3,687Additional noninterest expense
  • -$4,279Pre-tax net operating income
  • -$47Securities gains (losses)
  • $532Applicable income taxes
  • -$4,858Income before extraordinary items
  • $0Extraordinary gains - net
  • -$4,858Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $4,242Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.27%Yield on earning assets
  • 2.13%Cost of funding earning assets
  • 5.13%Net interest margin
  • 1.67%Noninterest income to earning assets
  • 8.03%Noninterest expense to earning assets
  • -4.39%Net operating income to assets
  • -4.43%Return on assets (ROA)
  • -3.95%Pretax return on assets
  • -58.72%Return on equity (ROE)
  • -58.72%Retained earnings to average equity (YTD only)
  • 8.37%Net charge-offs to loans
  • 75.15%Credit loss provision to net charge-offs
  • -0.26%Efficiency ratio
  • 118,018Assets per employee
  • 1.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.50%Loss allowance to noncurrent loans
  • 61.19%Noncurrent assets plus other real estate owned to assets
  • 2.66%Noncurrent loans to loans
  • 7.35%Net loans and leases to deposits
  • 38.22%Net loans and leases to core deposits
  • 41.36%Equity capital to assets
  • 5.72%Core capital (leverage) ratio
  • 5.61%Tier 1 risk-based capital ratio
  • 10.39%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $109,619Average earning assets
  • $8,273Average equity
  • $89,031Average loans

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