FDIC Certificate #: 23232 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Pacific Western Bank (#24045) Federal Reserve ID: 97260 Date Established: October 30, 1980 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 5 (Interstate: No) FDIC's unique #: 16280 Numeric code: 13 Regulator: FED Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: October 30, 1980 Last Structure Change Effective Date: January 23, 2002 Last Structure Change Process Date: March 15, 2002 Last Data Update: March 15, 2002 Data Source Date: April 05, 2012
Location
Address: 74-750 Highway 111, Indian Wells, CA 92210 County: Riverside Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Orange Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Riverside-San Bernardino, CA (#6780) 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): Riverside-San Bernardino-Ontario, CA (#40140) CBSA Metro Statistical Area: Riverside-San Bernardino-Ontario, CA (#40140)
Financial Summary
Total assets: $147.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
56Total employees (full-time equivalent)
$147,073Total assets
$11,390Cash and due from depository institutions
$0Interest-bearing balances
$12,652Securities
$0Federal funds sold & reverse repurchase agreements
$115,681Net loans & leases
$1,520Loan loss allowance
$0Trading account assets
$3,152Bank premises and fixed assets
$1,854Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,344All other assets
$147,073Total liabilities and capital
$135,195Total liabilities
$133,824Total deposits
$80,464Interest-bearing deposits
$133,824Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,371All other liabilities
$11,878Total equity capital
$11,878Total bank equity capital
$11,878Perpetual preferred stock
$0Common stock
$7,292Surplus
$0Undivided profits
Memoranda
$4,586Noncurrent loans and leases
$25,564Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$780Earning assets
$750Long-term assets (5+ years)
$525Average Assets, year-to-date
$128,333Average Assets, quarterly
$22,868Volatile liabilities
$140,485Insider loans
$143,744FHLB advances
$13,459Loans and leases held for sale
$2,074Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$25,564Total unused commitments
$0Restructured Loans and leases
$1,520Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$9,831Total interest income
$2,081Total interest expense
$7,750Net interest income
$199Provision for loan and lease losses
$1,249Total noninterest income
$0Fiduciary activities
$881Service charges on deposit accounts
$0Trading account gains & fees
$368Additional noninterest income
$5,371Total noninterest expense
$2,241Salaries and employee benefits
$932Premises and equipment expense
$2,198Additional noninterest expense
$3,429Pre-tax net operating income
$0Securities gains (losses)
$1,439Applicable income taxes
$1,990Income before extraordinary items
$0Extraordinary gains - net
$1,990Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$177Sale, conversion, retirement of capital stock, net
$500Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.14%Yield on earning assets
1.72%Cost of funding earning assets
6.42%Net interest margin
1.03%Noninterest income to earning assets
4.45%Noninterest expense to earning assets
1.42%Net operating income to assets
1.42%Return on assets (ROA)
2.44%Pretax return on assets
18.06%Return on equity (ROE)
13.52%Retained earnings to average equity (YTD only)
0.18%Net charge-offs to loans
112.43%Credit loss provision to net charge-offs
20.50%Efficiency ratio
59,684Assets per employee
2.63%Cash dividends to net income (YTD only)
Condition Ratios (%)
25.13%Loss allowance to loans
1.30%Loss allowance to noncurrent loans
194.87%Noncurrent assets plus other real estate owned to assets
1.79%Noncurrent loans to loans
0.67%Net loans and leases to deposits
86.44%Net loans and leases to core deposits
96.11%Equity capital to assets
8.08%Core capital (leverage) ratio
7.93%Tier 1 risk-based capital ratio
9.05%Total risk-based capital ratio
Memoranda
$10Average assets
$140,485Average earning assets
$11,021Average equity
$120,723Average loans
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