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

This bank is inactive as of October 01, 1998

  • First Global Bank Federal Savings Bank in Los Angeles, California (CA)
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First Global Bank Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 32096
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Hanmi Bank (#24170)
    Federal Reserve ID: 593173
    Date Established: January 01, 1978
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 7848
    FDIC's unique #: 44930
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: July 17, 1981
    Last Structure Change Effective Date: October 01, 1998
    Last Structure Change Process Date: October 29, 1998
    Last Data Update: October 29, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 3109 West Olympia Blvd, Los Angeles, CA 90006
    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)
  • Financial Summary
  • Total assets: $84.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 52Total employees (full-time equivalent)
  • $78,219Total assets
  • $22,634Cash and due from depository institutions
  • $16,788Interest-bearing balances
  • $1,885Securities
  • $6,500Federal funds sold & reverse repurchase agreements
  • $42,114Net loans & leases
  • $1,157Loan loss allowance
  • $0Trading account assets
  • $3,666Bank premises and fixed assets
  • $0Other real estate owned
  • $65Goodwill and other intangibles
  • $0Life insurance assets
  • $1,355All other assets
  • $78,219Total liabilities and capital
  • $72,931Total liabilities
  • $71,816Total deposits
  • $50,994Interest-bearing deposits
  • $71,816Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,115All other liabilities
  • $5,288Total equity capital
  • $5,288Total bank equity capital
  • $5,288Perpetual preferred stock
  • $0Common stock
  • $3,200Surplus
  • $0Undivided profits
  • Memoranda
  • $2,088Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,510Earning assets
  • $0Long-term assets (5+ years)
  • $273Average Assets, year-to-date
  • $67,287Average Assets, quarterly
  • $0Volatile liabilities
  • $79,341Insider loans
  • $82,160FHLB advances
  • $17,190Loans and leases held for sale
  • $1,458Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,731Total unused commitments
  • $0Restructured Loans and leases
  • $37,855Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $4,772Total interest income
  • $2,094Total interest expense
  • $2,678Net interest income
  • $593Provision for loan and lease losses
  • $3,228Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,228Additional noninterest income
  • $3,795Total noninterest expense
  • $1,844Salaries and employee benefits
  • $701Premises and equipment expense
  • $1,250Additional noninterest expense
  • $1,518Pre-tax net operating income
  • $0Securities gains (losses)
  • $593Applicable income taxes
  • $925Income before extraordinary items
  • $0Extraordinary gains - net
  • $925Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $163Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.89%Yield on earning assets
  • 3.02%Cost of funding earning assets
  • 3.87%Net interest margin
  • 4.66%Noninterest income to earning assets
  • 5.48%Noninterest expense to earning assets
  • 1.17%Net operating income to assets
  • 1.17%Return on assets (ROA)
  • 1.91%Pretax return on assets
  • 19.22%Return on equity (ROE)
  • 19.22%Retained earnings to average equity (YTD only)
  • 0.38%Net charge-offs to loans
  • 363.80%Credit loss provision to net charge-offs
  • 12.95%Efficiency ratio
  • 64,257Assets per employee
  • 1.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.67%Loss allowance to noncurrent loans
  • 76.62%Noncurrent assets plus other real estate owned to assets
  • 1.93%Noncurrent loans to loans
  • 3.49%Net loans and leases to deposits
  • 58.64%Net loans and leases to core deposits
  • 77.10%Equity capital to assets
  • 6.76%Core capital (leverage) ratio
  • 6.76%Tier 1 risk-based capital ratio
  • 13.97%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $79,341Average earning assets
  • $4,813Average equity
  • $69,268Average loans

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