FDIC Certificate #: 34586 Status: Inactive Federal Reserve ID: 2702027 Date Established: June 02, 1998 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 15435 FDIC's unique #: 60750 Numeric code: 23 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 02, 1998 Last Structure Change Effective Date: December 27, 2000 Last Structure Change Process Date: March 08, 2001 Last Data Update: March 08, 2001 Data Source Date: April 05, 2012
Location
Address: 9920 South La Cienega Boulevard, 14th Floor, Inglewood, CA 90301 County: Los Angeles Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: Chicago 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
Other Liquidations and Closings
Change in Insurance Status
Financial Summary
Total assets: $11.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
0Total employees (full-time equivalent)
$13,144Total assets
$3,097Cash and due from depository institutions
$0Interest-bearing balances
$1Securities
$10,000Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$46All other assets
$13,144Total liabilities and capital
$2,013Total liabilities
$1,406Total deposits
$1,406Interest-bearing deposits
$1,406Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$607All other liabilities
$11,131Total equity capital
$11,131Total bank equity capital
$11,131Perpetual preferred stock
$0Common stock
$2,500Surplus
$7,500Undivided profits
Memoranda
$1,131Noncurrent loans and leases
$0Noncurrent 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)
$0Average Assets, year-to-date
$10,001Average Assets, quarterly
$0Volatile liabilities
$30,857Insider loans
$12,984FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$2,097Total interest income
$873Total interest expense
$1,224Net interest income
$0Provision for loan and lease losses
$2,335Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$2,335Additional noninterest income
$2,448Total noninterest expense
$1,543Salaries and employee benefits
$196Premises and equipment expense
$709Additional noninterest expense
$1,111Pre-tax net operating income
$0Securities gains (losses)
$469Applicable income taxes
$642Income before extraordinary items
$0Extraordinary gains - net
$642Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.71%Yield on earning assets
3.21%Cost of funding earning assets
4.50%Net interest margin
8.59%Noninterest income to earning assets
9.01%Noninterest expense to earning assets
2.08%Net operating income to assets
2.08%Return on assets (ROA)
3.60%Pretax return on assets
5.96%Return on equity (ROE)
5.96%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
68,783Assets per employee
0.00%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.00%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
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
84.69%Core capital (leverage) ratio
88.85%Tier 1 risk-based capital ratio
417.45%Total risk-based capital ratio
Memoranda
$417Average assets
$30,857Average earning assets
$10,766Average equity
$27,183Average loans
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