First Credit Bank in Los Angeles, California (CA)



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First Credit Bank routing number info

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First Credit Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)30
Total assets$438,101
Cash and due from depository institutions$39,524
Interest-bearing balances$37,205
Securities$40,404
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$312,785
Loan loss allowance $20,468
Trading account assets$0
Bank premises and fixed assets$18,035
Other real estate owned$20,598
Goodwill and other intangibles$0
All other assets$6,755
Life insurance assets$438,101
Total liabilities and capital$317,641
Total liabilities$314,117
Total deposits$294,350
Interest-bearing deposits$314,117
Deposits held in domestic offices$83
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $3,524
All other liabilities $120,460
Total equity capital$120,460
Total bank equity capital$120,460
Perpetual preferred stock$0
Common stock$4,500
Surplus$4,128
Undivided profits $111,832
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $24,984
Earning assets $0
Long-term assets (5+ years) $2,827
Average Assets, year-to-date $390,394
Average Assets, quarterly $26,318
Volatile liabilities $473,324
Insider loans $448,981
FHLB advances $389,269
Loans and leases held for sale $449,169
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $119,397
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,327
Derivatives$250
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $32,340
Total interest expense $4,491
Net interest income $27,849
Provision for loan and lease losses $0
Total noninterest income $175
Fiduciary activities $0
Service charges on deposit accounts $5
Trading account gains & fees $0
Additional noninterest income $170
Total noninterest expense $5,163
Salaries and employee benefits $6,993
Premises and equipment expense -$4,671
Additional noninterest expense $2,841
Pre-tax net operating income $22,861
Securities gains (losses) $0
Applicable income taxes $730
Income before extraordinary items $22,131
Extraordinary gains - net $0
Net income attributable to bank $22,131
Net charge-offs $0
Cash dividends $22,131
Sale, conversion, retirement of capital stock, net $0
Net operating income $26,390
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.42%
Cost of funding earning assets 1.03%
Net interest margin 6.39%
Noninterest income to earning assets 0.04%
Noninterest expense to earning assets 1.19%
Net operating income to assets 4.68%
Return on assets (ROA) 4.68%
Pretax return on assets 4.83%
Return on equity (ROE) 17.27%
Retained earnings to average equity (YTD only) -3.32%
Net charge-offs to loans 0.00%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$18,423
Cash dividends to net income (YTD only)14.60%
Condition Ratios (%)
Loss allowance to loans 119.24%
Loss allowance to noncurrent loans 6.14%
Noncurrent assets plus other real estate owned to assets 81.92%
Noncurrent loans to loans 10.40%
Net loans and leases to deposits7.50%
Net loans and leases to core deposits 99.58%
Equity capital to assets 151.54%
Core capital (leverage) ratio 27.50%
Tier 1 risk-based capital ratio 26.58%
Total risk-based capital ratio 30.67%
Memoranda
Average assets$32
Average earning assets$473,324
Average equity $128,170
Average loans $435,642
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2 California Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
016926First Credit Bank9255 Sunset Boulevard, Los Angeles, CA 90069Febuary 18, 1983Full Service Brick and Mortar
3419759Irvine Branch18552 Macarthur Boulevard, Suite 102, Irvine, CA 92612March 03, 2003Full Service Brick and Mortar
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