First Continental Bank in Rosemead, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 22, 2003

  • First Continental Bank in Rosemead, California (CA)
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First Continental Bank - Overview

  • General
  • FDIC Certificate #: 33340
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: United Commercial Bank (#32469)
    Federal Reserve ID: 1841590
    Date Established: March 12, 1991
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 46918
    Numeric code: 21
    Regulator: FDIC
    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: March 12, 1991
    Last Structure Change Effective Date: July 22, 2003
    Last Structure Change Process Date: July 30, 2003
    Last Data Update: July 30, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 8632 East Valley Boulevard, Rosemead, CA 91770
    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: $343.6 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, 2002)

  • Dollar figures in thousands
  • 69Total employees (full-time equivalent)
  • $334,215Total assets
  • $4,485Cash and due from depository institutions
  • $0Interest-bearing balances
  • $85,604Securities
  • $6,400Federal funds sold & reverse repurchase agreements
  • $232,421Net loans & leases
  • $2,955Loan loss allowance
  • $0Trading account assets
  • $624Bank premises and fixed assets
  • $0Other real estate owned
  • $614Goodwill and other intangibles
  • $0Life insurance assets
  • $4,067All other assets
  • $334,215Total liabilities and capital
  • $304,859Total liabilities
  • $303,114Total deposits
  • $277,361Interest-bearing deposits
  • $303,114Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,745All other liabilities
  • $29,356Total equity capital
  • $29,356Total bank equity capital
  • $29,356Perpetual preferred stock
  • $0Common stock
  • $9,171Surplus
  • $1Undivided profits
  • Memoranda
  • $20,184Noncurrent loans and leases
  • $34,835Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $456Earning assets
  • $187Long-term assets (5+ years)
  • $1,206Average Assets, year-to-date
  • $324,425Average Assets, quarterly
  • $55,218Volatile liabilities
  • $300,391Insider loans
  • $323,375FHLB advances
  • $133,194Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $34,835Total unused commitments
  • $0Restructured Loans and leases
  • $3,139Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $15,958Total interest income
  • $6,770Total interest expense
  • $9,188Net interest income
  • $0Provision for loan and lease losses
  • $1,749Total noninterest income
  • $0Fiduciary activities
  • $275Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,474Additional noninterest income
  • $6,146Total noninterest expense
  • $3,494Salaries and employee benefits
  • $776Premises and equipment expense
  • $1,876Additional noninterest expense
  • $4,791Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,034Applicable income taxes
  • $2,757Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,757Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $100Sale, conversion, retirement of capital stock, net
  • $538Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.49%Yield on earning assets
  • 2.33%Cost of funding earning assets
  • 3.16%Net interest margin
  • 0.60%Noninterest income to earning assets
  • 2.11%Noninterest expense to earning assets
  • 0.92%Net operating income to assets
  • 0.92%Return on assets (ROA)
  • 1.59%Pretax return on assets
  • 9.86%Return on equity (ROE)
  • 7.93%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 47.91%Efficiency ratio
  • 55,481Assets per employee
  • 4.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 19.51%Loss allowance to loans
  • 1.26%Loss allowance to noncurrent loans
  • 648.03%Noncurrent assets plus other real estate owned to assets
  • 0.14%Noncurrent loans to loans
  • 0.19%Net loans and leases to deposits
  • 76.68%Net loans and leases to core deposits
  • 136.78%Equity capital to assets
  • 8.78%Core capital (leverage) ratio
  • 8.73%Tier 1 risk-based capital ratio
  • 10.70%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $300,391Average earning assets
  • $27,970Average equity
  • $290,767Average loans

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