First Coastal Bank, National Association - Overview
General
FDIC Certificate #: 25832 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Citizens Business Bank (#21716) Federal Reserve ID: 816760 Date Established: November 29, 1984 WWW:http://www.firstcoastalbank.com Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 4 (Interstate: No) OTS Docket #: 15414 FDIC's unique #: 32066 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: November 29, 1984 Last Structure Change Effective Date: June 23, 2007 Last Structure Change Process Date: June 29, 2007 Last Data Update: June 29, 2007 Data Source Date: April 05, 2012
Location
Address: 1800 N. Sepulveda Boulevard, Manhattan Beach, CA 90266 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)
Financial Summary
Total assets: $222.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
45Total employees (full-time equivalent)
$237,742Total assets
$6,106Cash and due from depository institutions
$912Interest-bearing balances
$65,925Securities
$0Federal funds sold & reverse repurchase agreements
$155,365Net loans & leases
$1,408Loan loss allowance
$0Trading account assets
$1,370Bank premises and fixed assets
$0Other real estate owned
$4,625Goodwill and other intangibles
$0Life insurance assets
$4,351All other assets
$237,742Total liabilities and capital
$218,125Total liabilities
$190,362Total deposits
$137,209Interest-bearing deposits
$190,362Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$21,575Other borrowed funds
$5,000Subordinated debt
$1,188All other liabilities
$19,617Total equity capital
$19,617Total bank equity capital
$19,617Perpetual preferred stock
$0Common stock
$100Surplus
$17,446Undivided profits
Memoranda
$2,071Noncurrent loans and leases
$32,050Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$415Earning assets
$0Long-term assets (5+ years)
$1,015Average Assets, year-to-date
$222,202Average Assets, quarterly
$71,931Volatile liabilities
$250,752Insider loans
$241,531FHLB advances
$67,188Loans and leases held for sale
$33Unused loan commitments
$21,575Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$32,050Total unused commitments
$0Restructured Loans and leases
$6,408Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$16,093Total interest income
$6,546Total interest expense
$9,547Net interest income
$110Provision for loan and lease losses
$740Total noninterest income
$0Fiduciary activities
$284Service charges on deposit accounts
$0Trading account gains & fees
$456Additional noninterest income
$7,698Total noninterest expense
$3,804Salaries and employee benefits
$1,317Premises and equipment expense
$2,577Additional noninterest expense
$2,479Pre-tax net operating income
$39Securities gains (losses)
$1,003Applicable income taxes
$1,515Income before extraordinary items
$0Extraordinary gains - net
$1,515Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$152Sale, conversion, retirement of capital stock, net
$1,295Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.91%Yield on earning assets
2.81%Cost of funding earning assets
4.10%Net interest margin
0.32%Noninterest income to earning assets
3.30%Noninterest expense to earning assets
0.59%Net operating income to assets
0.60%Return on assets (ROA)
1.00%Pretax return on assets
7.65%Return on equity (ROE)
1.11%Retained earnings to average equity (YTD only)
0.10%Net charge-offs to loans
72.37%Credit loss provision to net charge-offs
17.03%Efficiency ratio
74,832Assets per employee
5.28%Cash dividends to net income (YTD only)
Condition Ratios (%)
85.48%Loss allowance to loans
0.90%Loss allowance to noncurrent loans
339.28%Noncurrent assets plus other real estate owned to assets
0.17%Noncurrent loans to loans
0.26%Net loans and leases to deposits
81.62%Net loans and leases to core deposits
107.33%Equity capital to assets
8.25%Core capital (leverage) ratio
6.37%Tier 1 risk-based capital ratio
8.44%Total risk-based capital ratio
Memoranda
$12Average assets
$250,752Average earning assets
$19,803Average equity
$232,992Average loans
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