First Central Bank, National Association - Overview
General
FDIC Certificate #: 26507 Status: Inactive Closing history: Participated in Reorganization Acquiring institution:East West Bank (#31628) Federal Reserve ID: 646668 Date Established: January 06, 1986 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) OTS Docket #: 9430 FDIC's unique #: 33201 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: January 06, 1986 Last Structure Change Effective Date: May 28, 1999 Last Structure Change Process Date: June 16, 1999 Last Data Update: June 16, 1999 Data Source Date: April 05, 2012
Location
Address: 11812 East South Street, Cerritos, 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)
History of Changes
Merger - Without Assistance
Participated in Reorganization
Financial Summary
Total assets: $103.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
51Total employees (full-time equivalent)
$104,777Total assets
$4,632Cash and due from depository institutions
$95Interest-bearing balances
$14,739Securities
$21,900Federal funds sold & reverse repurchase agreements
$61,375Net loans & leases
$1,124Loan loss allowance
$0Trading account assets
$759Bank premises and fixed assets
$247Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,125All other assets
$104,777Total liabilities and capital
$95,996Total liabilities
$95,117Total deposits
$86,034Interest-bearing deposits
$95,117Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$879All other liabilities
$8,781Total equity capital
$8,781Total bank equity capital
$8,781Perpetual preferred stock
$0Common stock
$2,750Surplus
$2,897Undivided profits
Memoranda
$3,134Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,433Earning assets
$0Long-term assets (5+ years)
$345Average Assets, year-to-date
$98,109Average Assets, quarterly
$15,865Volatile liabilities
$105,479Insider loans
$103,497FHLB advances
$37,485Loans and leases held for sale
$1,229Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,452Total unused commitments
$0Restructured Loans and leases
$61,802Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$8,328Total interest income
$4,053Total interest expense
$4,275Net interest income
$0Provision for loan and lease losses
$721Total noninterest income
$0Fiduciary activities
$395Service charges on deposit accounts
$0Trading account gains & fees
$326Additional noninterest income
$5,196Total noninterest expense
$1,979Salaries and employee benefits
$1,056Premises and equipment expense
$2,161Additional noninterest expense
-$200Pre-tax net operating income
$0Securities gains (losses)
$93Applicable income taxes
-$293Income before extraordinary items
$0Extraordinary gains - net
-$293Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$69Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.44%Yield on earning assets
4.11%Cost of funding earning assets
4.33%Net interest margin
0.73%Noninterest income to earning assets
5.26%Noninterest expense to earning assets
-0.28%Net operating income to assets
-0.28%Return on assets (ROA)
-0.19%Pretax return on assets
-3.25%Return on equity (ROE)
-3.25%Retained earnings to average equity (YTD only)
0.11%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
-2.90%Efficiency ratio
104,003Assets per employee
2.05%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.80%Loss allowance to noncurrent loans
78.44%Noncurrent assets plus other real estate owned to assets
1.60%Noncurrent loans to loans
2.29%Net loans and leases to deposits
64.53%Net loans and leases to core deposits
106.49%Equity capital to assets
8.38%Core capital (leverage) ratio
8.21%Tier 1 risk-based capital ratio
14.01%Total risk-based capital ratio
Memoranda
$15Average assets
$105,479Average earning assets
$9,008Average equity
$98,727Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Central Bank, National Association.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: