First Choice Bank in city_name, state_name - Detailed Financial Reports, Location

First Choice Bank in Cerritos, California (CA)
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First Choice Bank routing number info

First Choice Bank - Overview

General
FDIC Certificate #: 57966
Status: Active
Federal Reserve ID: 3374878
Date Established: August 18, 2005
WWW: http://www.firstchoicebankca.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 432680
Numeric code: 21
Regulator: FDIC
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: August 18, 2005
Last Structure Change Effective Date: December 28, 2009
Last Structure Change Process Date: December 28, 2009
Last Data Update: December 28, 2009
Data Source Date: April 05, 2012
Location
Address: 17414 Carmenita Road, Cerritos, CA 90703
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: $247.7 mil
Equity capital: $24.9 mil
Deposits held in domestic offices: $212.4 mil
Return on assets (ROA): 0.61% ($1.5 mil)
Quarterly return on assets: 0.83% ($2.1 mil)
Return on Equity (ROE): 6.19% ($1.5 mil)
Quarterly return on equity: 8.04% ($2.0 mil)
Net income: $1.3 mil
Quarterly Net income: $0.5 mil
Pretax return on assets: 1.23% ($3,046.6 mil)
Quarterly Pretax return on assets: 1.46% ($3,616.2 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
29Total employees (full-time equivalent)
$247,687Total assets
$22,513Cash and due from depository institutions
$21,183Interest-bearing balances
$96,034Securities
$0Federal funds sold & reverse repurchase agreements
$125,754Net loans & leases
$2,355Loan loss allowance
$0Trading account assets
$408Bank premises and fixed assets
$0Other real estate owned
$62Goodwill and other intangibles
$247,687Life insurance assets
$2,916All other assets
$222,818Total liabilities and capital
$212,368Total liabilities
$197,033Total deposits
$212,368Interest-bearing deposits
$93Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$8,000Trading liabilities
$0Other borrowed funds
$2,450Subordinated debt
$24,869All other liabilities
$24,869Total equity capital
$24,869Total bank equity capital
$5,117Perpetual preferred stock
$20,030Common stock
$631Surplus
$-909Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,634Income earned, not collected on loans
$0Earning assets
$860Long-term assets (5+ years)
$242,971Average Assets, year-to-date
$74,518Average Assets, quarterly
$217,680Volatile liabilities
$240,055Insider loans
$143,125FHLB advances
$234,637Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$24,234Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$8,049Restructured Loans and leases
$3,900Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$9,200Total interest income
$2,459Total interest expense
$6,741Net interest income
$893Provision for loan and lease losses
$786Total noninterest income
$0Fiduciary activities
$68Service charges on deposit accounts
$0Trading account gains & fees
$718Additional noninterest income
$4,165Total noninterest expense
$2,186Salaries and employee benefits
$710Premises and equipment expense
$1,269Additional noninterest expense
$2,469Pre-tax net operating income
$200Securities gains (losses)
$1,352Applicable income taxes
$1,317Income before extraordinary items
$0Extraordinary gains - net
$1,317Net income attributable to bank
$0Net charge-offs
$1,317Cash dividends
$431Sale, conversion, retirement of capital stock, net
$103Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.32%Yield on earning assets
1.16%Cost of funding earning assets
3.17%Net interest margin
0.37%Noninterest income to earning assets
1.96%Noninterest expense to earning assets
0.55%Net operating income to assets
0.61%Return on assets (ROA)
1.23%Pretax return on assets
6.19%Return on equity (ROE)
5.70%Retained earnings to average equity (YTD only)
0.40%Net charge-offs to loans
207.19%Credit loss provision to net charge-offs
7.80%Efficiency ratio
55,334Assets per employee
8.54%Cash dividends to net income (YTD only)
Condition Ratios (%)
7.82%Loss allowance to loans
1.84%Loss allowance to noncurrent loans
144.12%Noncurrent assets plus other real estate owned to assets
0.66%Noncurrent loans to loans
1.28%Net loans and leases to deposits
59.22%Net loans and leases to core deposits
68.85%Equity capital to assets
10.04%Core capital (leverage) ratio
10.33%Tier 1 risk-based capital ratio
16.93%Total risk-based capital ratio
Memoranda
$18Average assets
$217,680Average earning assets
$21,281Average equity
$212,757Average loans

List of branches

2 California Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	432680	First Choice Bank	17414 Carmenita Road, Cerritos, CA 90703	August 18, 2005	Full Service Brick and Mortar
1	493016	Alhambra Branch	407 West Valley Blvd., Suite 1, Alhambra, CA 91801	March 05, 2009	Full Service Brick and Mortar

First Choice Bank in Cerritos, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Choice Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Choice Bank in Cerritos, California (CA)Overview, Financial Summary, Detailed Financial Reports, Branches

First Choice Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Choice Bank in Cerritos, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches