First Commerce Bank in Encino, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 28, 2010

  • First Commerce Bank in Encino, California (CA)
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First Commerce Bank - Overview

  • General
  • FDIC Certificate #: 32193
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Grandpoint Bank (#58390)
    Federal Reserve ID: 621674
    Date Established: January 01, 1983
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 7981
    FDIC's unique #: 45027
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: Febuary 03, 1984
    Last Structure Change Effective Date: December 28, 2010
    Last Structure Change Process Date: January 21, 2011
    Last Data Update: January 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 16861 Ventura Boulevard, Suite 100, Encino, CA 91436
    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: $357.5 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, 2009)

  • Dollar figures in thousands
  • 56Total employees (full-time equivalent)
  • $340,765Total assets
  • $36,636Cash and due from depository institutions
  • $10,410Interest-bearing balances
  • $30,328Securities
  • $10,000Federal funds sold & reverse repurchase agreements
  • $248,889Net loans & leases
  • $8,017Loan loss allowance
  • $0Trading account assets
  • $490Bank premises and fixed assets
  • $0Other real estate owned
  • $14Goodwill and other intangibles
  • $6,238Life insurance assets
  • $14,408All other assets
  • $340,765Total liabilities and capital
  • $305,320Total liabilities
  • $304,156Total deposits
  • $217,554Interest-bearing deposits
  • $304,156Deposits held in domestic offices
  • 57.22%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,164All other liabilities
  • $35,445Total equity capital
  • $35,445Total bank equity capital
  • $35,445Perpetual preferred stock
  • $0Common stock
  • $13,693Surplus
  • $10,122Undivided profits
  • Memoranda
  • $11,630Noncurrent loans and leases
  • $42,171Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $8,791Earning assets
  • $0Long-term assets (5+ years)
  • $1,033Average Assets, year-to-date
  • $299,627Average Assets, quarterly
  • $60,250Volatile liabilities
  • $321,345Insider loans
  • $334,275FHLB advances
  • $28,164Loans and leases held for sale
  • $6,007Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $42,171Total unused commitments
  • $11,086Restructured Loans and leases
  • $3,645Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $15,275Total interest income
  • $2,784Total interest expense
  • $12,491Net interest income
  • $3,105Provision for loan and lease losses
  • $1,239Total noninterest income
  • $0Fiduciary activities
  • $734Service charges on deposit accounts
  • $0Trading account gains & fees
  • $505Additional noninterest income
  • $8,968Total noninterest expense
  • $5,375Salaries and employee benefits
  • $824Premises and equipment expense
  • $2,769Additional noninterest expense
  • $1,657Pre-tax net operating income
  • $0Securities gains (losses)
  • $629Applicable income taxes
  • $1,028Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,028Net income attributable to bank
  • $0Net charge-offs
  • $1,028Cash dividends
  • $2,438Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.34%Yield on earning assets
  • 0.97%Cost of funding earning assets
  • 4.37%Net interest margin
  • 0.43%Noninterest income to earning assets
  • 3.13%Noninterest expense to earning assets
  • 0.32%Net operating income to assets
  • 0.32%Return on assets (ROA)
  • 0.52%Pretax return on assets
  • 2.97%Return on equity (ROE)
  • 2.97%Retained earnings to average equity (YTD only)
  • 0.96%Net charge-offs to loans
  • 127.36%Credit loss provision to net charge-offs
  • 1.95%Efficiency ratio
  • 65,317Assets per employee
  • 6.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.12%Loss allowance to noncurrent loans
  • 91.20%Noncurrent assets plus other real estate owned to assets
  • 2.58%Noncurrent loans to loans
  • 3.42%Net loans and leases to deposits
  • 81.83%Net loans and leases to core deposits
  • 90.18%Equity capital to assets
  • 10.40%Core capital (leverage) ratio
  • 10.48%Tier 1 risk-based capital ratio
  • 12.34%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $321,345Average earning assets
  • $34,637Average equity
  • $286,078Average loans

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