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

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
  • 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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