Far East National Bank in Los Angeles, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Far East National Bank - Overview

  • General
  • FDIC Certificate #: 21851
    Status: Active
    Federal Reserve ID: 676160
    Bank Holding Company (Regulatory Top Holder): Sinopac Financial Holdings Company Limited (RSSDID: 3074271, Location: Taipei)
    Date Established: December 09, 1974
    WWW: http://www.fareastnationalbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 11 (Domestic: 10, Foreign: 1, Interstate: No)
    FDIC's unique #: 15140
    Numeric code: 3
    Regulator: OCC
    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: Yes
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: December 09, 1974
    Last Structure Change Effective Date: October 05, 2009
    Last Structure Change Process Date: October 29, 2009
    Last Data Update: October 29, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 977 N. Broadway, Los Angeles, CA 90012
    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)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $1,397.6 mil
    Equity capital: $291.2 mil
    Deposits held in domestic offices: $1,053.9 mil
    Return on assets (ROA): -4.72% (-$66.0 mil)
    Quarterly return on assets: -14.19% (-$198.4 mil)
    Return on Equity (ROE): -22.44% (-$65.3 mil)
    Quarterly return on equity: -66.25% (-$192.8 mil)
    Net income: -$73.7 mil
    Quarterly Net income: -$52.6 mil
    Pretax return on assets: -3.42% (-$47,797.6 mil)
    Quarterly Pretax return on assets: -8.74% (-$122,149.5 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, 2011)

  • Dollar figures in thousands
  • 273Total employees (full-time equivalent)
  • $1,397,592Total assets
  • $100,302Cash and due from depository institutions
  • $93,812Interest-bearing balances
  • $274,102Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $810,493Net loans & leases
  • $65,651Loan loss allowance
  • $21,160Trading account assets
  • $7,359Bank premises and fixed assets
  • $7,652Other real estate owned
  • $25,837Goodwill and other intangibles
  • $1,397,592Life insurance assets
  • $150,687All other assets
  • $1,106,375Total liabilities and capital
  • $1,081,594Total liabilities
  • $861,095Total deposits
  • $1,053,895Interest-bearing deposits
  • $72Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,008Trading liabilities
  • $0Other borrowed funds
  • $23,773Subordinated debt
  • $291,217All other liabilities
  • $291,217Total equity capital
  • $291,217Total bank equity capital
  • $196,000Perpetual preferred stock
  • $288Common stock
  • $162,606Surplus
  • $-67,677Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $30,424Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $50,906Income earned, not collected on loans
  • $0Earning assets
  • $4,188Long-term assets (5+ years)
  • $1,199,567Average Assets, year-to-date
  • $255,204Average Assets, quarterly
  • $1,562,347Volatile liabilities
  • $1,482,768Insider loans
  • $1,063,634FHLB advances
  • $1,400,594Loans and leases held for sale
  • $40,183Unused loan commitments
  • $40,183Tier 1 (core) risk-based capital
  • $205,807Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $125,678Restructured Loans and leases
  • $0Derivatives
  • $76,266Total assets and liabilities in foreign offices

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $51,585Total interest income
  • $13,407Total interest expense
  • $38,178Net interest income
  • $33,340Provision for loan and lease losses
  • -$6,488Total noninterest income
  • $0Fiduciary activities
  • $495Service charges on deposit accounts
  • -$689Trading account gains & fees
  • -$6,294Additional noninterest income
  • $52,067Total noninterest expense
  • $21,170Salaries and employee benefits
  • $4,989Premises and equipment expense
  • $25,908Additional noninterest expense
  • -$53,717Pre-tax net operating income
  • $210Securities gains (losses)
  • $20,186Applicable income taxes
  • -$73,693Income before extraordinary items
  • $0Extraordinary gains - net
  • -$73,693Net income attributable to bank
  • $0Net charge-offs
  • -$73,693Cash dividends
  • $48,537Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.84%Yield on earning assets
  • 1.00%Cost of funding earning assets
  • 2.84%Net interest margin
  • -0.48%Noninterest income to earning assets
  • 3.87%Noninterest expense to earning assets
  • -4.73%Net operating income to assets
  • -4.72%Return on assets (ROA)
  • -3.42%Pretax return on assets
  • -22.44%Return on equity (ROE)
  • -22.44%Retained earnings to average equity (YTD only)
  • 4.85%Net charge-offs to loans
  • 68.69%Credit loss provision to net charge-offs
  • -0.42%Efficiency ratio
  • 164,301Assets per employee
  • 5.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 7.49%Loss allowance to noncurrent loans
  • 128.97%Noncurrent assets plus other real estate owned to assets
  • 4.19%Noncurrent loans to loans
  • 5.81%Net loans and leases to deposits
  • 74.94%Net loans and leases to core deposits
  • 84.86%Equity capital to assets
  • 20.84%Core capital (leverage) ratio
  • 14.69%Tier 1 risk-based capital ratio
  • 19.35%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $1,562,347Average earning assets
  • $328,405Average equity
  • $1,343,709Average loans

List of branches

  • 1 Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    17436712Ho Chi Minh City Branch2a-4a Ton Duc Thang Street, Ho Chi Minh City, 0October 22, 2004Full Service Brick and Mortar
  • 10 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    015140Far East National Bank977 N. Broadway, Los Angeles, CA 90012December 09, 1974Full Service Brick and Mortar
    1253614Alhambra Branch105 East Valley Boulevard, Alhambra, CA 91801May 01, 1983Full Service Brick and Mortar
    3253616San Francisco500 Montgomery Street, San Francisco, CA 94111July 27, 1987Full Service Brick and Mortar
    4253617The City Of Industy Branch17851 Colima Road, Suite B, City Of Industry, CA 91748November 06, 1989Full Service Brick and Mortar
    6289216Monterey Park Branch809 So. Atlantic Blvd, #101-102, Monterey Park, CA 91754June 15, 1990Full Service Brick and Mortar
    8253619Irvine Branch14439 Culver Drive, Irvine, CA 92604September 14, 1992Full Service Brick and Mortar
    9253620Pasadena Branch600 South Lake Avenue, Suite 100, Pasadena, CA 91106September 08, 1992Full Service Brick and Mortar
    12358789Fremont Branch46324 Warm Springs Blvd Suite 707, Fremont, CA 94538June 19, 2000Full Service Brick and Mortar
    13364292Cupertino Branch10465 South De Anza Boulevard, Cupertino, CA 95014May 23, 2002Full Service Brick and Mortar
    16429718Arcadia Branch635-637 West Duarte Rd, Arcadia, CA 91007November 17, 2003Full Service Brick and Mortar

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