First General Bank in Rowland Heights, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • First General Bank in Rowland Heights, California (CA)
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First General Bank - Overview

  • General
  • FDIC Certificate #: 58060
    Status: Active
    Federal Reserve ID: 3386264
    Date Established: October 13, 2005
    WWW: http://www.firstgeneralbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    FDIC's unique #: 437941
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 13, 2005
    Last Structure Change Effective Date: August 23, 2011
    Last Structure Change Process Date: August 31, 2011
    Last Data Update: August 31, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1744 South Nogales Street, Rowland Heights, CA 91748
    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)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $507.0 mil
    Equity capital: $43.9 mil
    Deposits held in domestic offices: $447.2 mil
    Return on assets (ROA): 1.90% ($9.6 mil)
    Quarterly return on assets: 0.04% ($0.2 mil)
    Return on Equity (ROE): 19.01% ($8.4 mil)
    Quarterly return on equity: 0.50% ($0.2 mil)
    Net income: $7.2 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 2.52% ($12,776.7 mil)
    Quarterly Pretax return on assets: 0.90% ($4,563.1 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
  • 46Total employees (full-time equivalent)
  • $507,011Total assets
  • $115,637Cash and due from depository institutions
  • $111,699Interest-bearing balances
  • $6,509Securities
  • $20,175Federal funds sold & reverse repurchase agreements
  • $344,590Net loans & leases
  • $3,193Loan loss allowance
  • $0Trading account assets
  • $2,305Bank premises and fixed assets
  • $4,312Other real estate owned
  • $497Goodwill and other intangibles
  • $507,011Life insurance assets
  • $12,986All other assets
  • $463,083Total liabilities and capital
  • $447,176Total liabilities
  • $420,175Total deposits
  • $447,176Interest-bearing deposits
  • $81Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $13,749Trading liabilities
  • $0Other borrowed funds
  • $2,158Subordinated debt
  • $43,928All other liabilities
  • $43,928Total equity capital
  • $43,928Total bank equity capital
  • $0Perpetual preferred stock
  • $28,469Common stock
  • $7,894Surplus
  • $7,565Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,919Income earned, not collected on loans
  • $0Earning assets
  • $1,454Long-term assets (5+ years)
  • $482,973Average Assets, year-to-date
  • $114,412Average Assets, quarterly
  • $380,235Volatile liabilities
  • $508,911Insider loans
  • $361,564FHLB advances
  • $516,074Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $41,838Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $33,751Restructured Loans and leases
  • $3,919Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $18,586Total interest income
  • $3,513Total interest expense
  • $15,073Net interest income
  • $1,026Provision for loan and lease losses
  • $4,861Total noninterest income
  • $0Fiduciary activities
  • $161Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,700Additional noninterest income
  • $9,331Total noninterest expense
  • $4,326Salaries and employee benefits
  • $1,258Premises and equipment expense
  • $3,747Additional noninterest expense
  • $9,577Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,368Applicable income taxes
  • $7,209Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,209Net income attributable to bank
  • $0Net charge-offs
  • $7,209Cash dividends
  • $440Sale, conversion, retirement of capital stock, net
  • $668Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.11%Yield on earning assets
  • 0.97%Cost of funding earning assets
  • 4.14%Net interest margin
  • 1.34%Noninterest income to earning assets
  • 2.56%Noninterest expense to earning assets
  • 1.90%Net operating income to assets
  • 1.90%Return on assets (ROA)
  • 2.52%Pretax return on assets
  • 19.01%Return on equity (ROE)
  • 17.25%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 233.18%Credit loss provision to net charge-offs
  • 24.10%Efficiency ratio
  • 46,809Assets per employee
  • 11.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 9.27%Loss allowance to loans
  • 0.92%Loss allowance to noncurrent loans
  • 32.19%Noncurrent assets plus other real estate owned to assets
  • 2.81%Noncurrent loans to loans
  • 2.85%Net loans and leases to deposits
  • 77.06%Net loans and leases to core deposits
  • 94.39%Equity capital to assets
  • 8.66%Core capital (leverage) ratio
  • 8.11%Tier 1 risk-based capital ratio
  • 11.57%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $380,235Average earning assets
  • $37,928Average equity
  • $363,913Average loans

List of branches

  • 6 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0437941First General Bank1744 South Nogales Street, Rowland Heights, CA 91748October 13, 2005Full Service Brick and Mortar
    1445273Arcadia Branch1127 South Baldwin Avenue, Arcadia, CA 91007October 24, 2005Full Service Brick and Mortar
    2468436San Gabriel801 E. Valley Blvd Unit 103, San Gabriel, CA 91776September 28, 2007Full Service Brick and Mortar
    3359426American Premier Bank Branch336 East Huntington Drive, Arcadia, CA 91006July 07, 2003Full Service Brick and Mortar
    4518287Irvine Branch5404 C Walnut Avenue, Irvine, CA 92604December 08, 2010Full Service Brick and Mortar
    535339Golden Security Bank Branch2112 Walnut Grove Avenue, Rosemead, CA 91770December 09, 1982Full Service Brick and Mortar

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