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


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

  • General
  • FDIC Certificate #: 57873
    Status: Active
    Federal Reserve ID: 3337097
    Date Established: March 03, 2005
    WWW: http://www.cwbbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 428711
    Numeric code: 13
    Regulator: FED
    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: March 03, 2005
    Last Structure Change Effective Date: Febuary 27, 2008
    Last Structure Change Process Date: March 03, 2008
    Last Data Update: March 03, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 5055 Wilshire Boulevard. Suite 100, Los Angeles, CA 90036
    County: Los Angeles
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Los Angeles (West)
    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
  • Change in Primary Regulatory Agency
    Change in Supervisory Agency
    Institution Becomes a Member of FRS (Federal Reserve System)
  • Financial Summary
  • Total assets: $408.1 mil
    Equity capital: $48.8 mil
    Deposits held in domestic offices: $357.0 mil
    Return on assets (ROA): 0.46% ($1.9 mil)
    Quarterly return on assets: 2.14% ($8.7 mil)
    Return on Equity (ROE): 3.91% ($1.9 mil)
    Quarterly return on equity: 18.24% ($8.9 mil)
    Net income: $1.8 mil
    Quarterly Net income: $2.2 mil
    Pretax return on assets: 0.45% ($1,836.4 mil)
    Quarterly Pretax return on assets: 2.24% ($9,141.1 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
  • 60Total employees (full-time equivalent)
  • $408,084Total assets
  • $51,784Cash and due from depository institutions
  • $47,689Interest-bearing balances
  • $21,951Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $322,576Net loans & leases
  • $10,929Loan loss allowance
  • $0Trading account assets
  • $1,006Bank premises and fixed assets
  • $0Other real estate owned
  • $951Goodwill and other intangibles
  • $408,084Life insurance assets
  • $9,816All other assets
  • $359,332Total liabilities and capital
  • $356,997Total liabilities
  • $314,112Total deposits
  • $356,997Interest-bearing deposits
  • $74Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,335Subordinated debt
  • $48,752All other liabilities
  • $48,752Total equity capital
  • $48,752Total bank equity capital
  • $7,861Perpetual preferred stock
  • $39,434Common stock
  • $2,043Surplus
  • $-586Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $3,719Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $13,833Income earned, not collected on loans
  • $995Earning assets
  • $1,135Long-term assets (5+ years)
  • $392,216Average Assets, year-to-date
  • $18,595Average Assets, quarterly
  • $402,609Volatile liabilities
  • $405,111Insider loans
  • $344,325FHLB advances
  • $405,969Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $48,661Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $44,617Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $18,345Total interest income
  • $3,871Total interest expense
  • $14,474Net interest income
  • $8,279Provision for loan and lease losses
  • $4,223Total noninterest income
  • $0Fiduciary activities
  • $519Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,704Additional noninterest income
  • $8,625Total noninterest expense
  • $4,872Salaries and employee benefits
  • $1,039Premises and equipment expense
  • $2,714Additional noninterest expense
  • $1,793Pre-tax net operating income
  • $0Securities gains (losses)
  • -$46Applicable income taxes
  • $1,839Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,839Net income attributable to bank
  • $0Net charge-offs
  • $1,839Cash dividends
  • $5,550Sale, conversion, retirement of capital stock, net
  • $290Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.74%Yield on earning assets
  • 1.00%Cost of funding earning assets
  • 3.74%Net interest margin
  • 1.09%Noninterest income to earning assets
  • 2.23%Noninterest expense to earning assets
  • 0.46%Net operating income to assets
  • 0.46%Return on assets (ROA)
  • 0.45%Pretax return on assets
  • 3.91%Return on equity (ROE)
  • 3.29%Retained earnings to average equity (YTD only)
  • 1.71%Net charge-offs to loans
  • 149.17%Credit loss provision to net charge-offs
  • 1.81%Efficiency ratio
  • 46,130Assets per employee
  • 6.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 15.77%Loss allowance to loans
  • 3.28%Loss allowance to noncurrent loans
  • 79.01%Noncurrent assets plus other real estate owned to assets
  • 3.39%Noncurrent loans to loans
  • 4.15%Net loans and leases to deposits
  • 90.36%Net loans and leases to core deposits
  • 111.91%Equity capital to assets
  • 11.95%Core capital (leverage) ratio
  • 11.99%Tier 1 risk-based capital ratio
  • 14.13%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $402,609Average earning assets
  • $47,070Average equity
  • $387,057Average loans

List of branches

  • 3 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0428711Commonwealth Business Bank5055 Wilshire Boulevard. Suite 100, Los Angeles, CA 90036March 03, 2005Full Service Brick and Mortar
    1454684Downtown Center1001 Towne Ave Ste 201, Los Angeles, CA 90021August 09, 2006Full Service Brick and Mortar
    2479638Irvine Center Branch9120 Irvine Center Drive, #100, Irvine, CA 92618March 24, 2008Full Service Retail

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