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

First Credit Bank in Los Angeles, California (CA)
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First Credit Bank routing number info

First Credit Bank - Overview

General
FDIC Certificate #: 24332
Status: Active
Federal Reserve ID: 5069
Date Established: Febuary 18, 1983
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 #: 16926
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: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: Febuary 18, 1983
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
Location
Address: 9255 Sunset Boulevard, Los Angeles, CA 90069
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)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $438.1 mil
Equity capital: $120.5 mil
Deposits held in domestic offices: $314.1 mil
Return on assets (ROA): 4.68% ($20.5 mil)
Quarterly return on assets: 4.85% ($21.2 mil)
Return on Equity (ROE): 17.27% ($20.7 mil)
Quarterly return on equity: 17.21% ($20.7 mil)
Net income: $22.1 mil
Quarterly Net income: $5.4 mil
Pretax return on assets: 4.83% ($21,160.3 mil)
Quarterly Pretax return on assets: 4.90% ($21,466.9 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, 2011)

Dollar figures in thousands
30Total employees (full-time equivalent)
$438,101Total assets
$39,524Cash and due from depository institutions
$37,205Interest-bearing balances
$40,404Securities
$0Federal funds sold & reverse repurchase agreements
$312,785Net loans & leases
$20,468Loan loss allowance
$0Trading account assets
$18,035Bank premises and fixed assets
$20,598Other real estate owned
$0Goodwill and other intangibles
$438,101Life insurance assets
$6,755All other assets
$317,641Total liabilities and capital
$314,117Total liabilities
$294,350Total deposits
$314,117Interest-bearing deposits
$83Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$3,524Subordinated debt
$120,460All other liabilities
$120,460Total equity capital
$120,460Total bank equity capital
$0Perpetual preferred stock
$4,500Common stock
$4,128Surplus
$111,832Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$24,984Income earned, not collected on loans
$0Earning assets
$2,827Long-term assets (5+ years)
$390,394Average Assets, year-to-date
$26,318Average Assets, quarterly
$473,324Volatile liabilities
$448,981Insider loans
$389,269FHLB advances
$449,169Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$119,397Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,327Restructured Loans and leases
$250Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$32,340Total interest income
$4,491Total interest expense
$27,849Net interest income
$0Provision for loan and lease losses
$175Total noninterest income
$0Fiduciary activities
$5Service charges on deposit accounts
$0Trading account gains & fees
$170Additional noninterest income
$5,163Total noninterest expense
$6,993Salaries and employee benefits
-$4,671Premises and equipment expense
$2,841Additional noninterest expense
$22,861Pre-tax net operating income
$0Securities gains (losses)
$730Applicable income taxes
$22,131Income before extraordinary items
$0Extraordinary gains - net
$22,131Net income attributable to bank
$0Net charge-offs
$22,131Cash dividends
$0Sale, conversion, retirement of capital stock, net
$26,390Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.42%Yield on earning assets
1.03%Cost of funding earning assets
6.39%Net interest margin
0.04%Noninterest income to earning assets
1.19%Noninterest expense to earning assets
4.68%Net operating income to assets
4.68%Return on assets (ROA)
4.83%Pretax return on assets
17.27%Return on equity (ROE)
-3.32%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
18,423Assets per employee
14.60%Cash dividends to net income (YTD only)
Condition Ratios (%)
119.24%Loss allowance to loans
6.14%Loss allowance to noncurrent loans
81.92%Noncurrent assets plus other real estate owned to assets
10.40%Noncurrent loans to loans
7.50%Net loans and leases to deposits
99.58%Net loans and leases to core deposits
151.54%Equity capital to assets
27.50%Core capital (leverage) ratio
26.58%Tier 1 risk-based capital ratio
30.67%Total risk-based capital ratio
Memoranda
$32Average assets
$473,324Average earning assets
$128,170Average equity
$435,642Average loans

List of branches

2 California Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	16926	First Credit Bank	9255 Sunset Boulevard, Los Angeles, CA 90069	Febuary 18, 1983	Full Service Brick and Mortar
3	419759	Irvine Branch	18552 Macarthur Boulevard, Suite 102, Irvine, CA 92612	March 03, 2003	Full Service Brick and Mortar

First Credit Bank in Los Angeles, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Credit 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 Credit Bank in Los Angeles, California (CA)Overview, Financial Summary, Detailed Financial Reports, Branches

First Credit 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 Credit Bank in Los Angeles, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches