First Newport Federal Savings Bank in Newport Beach, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 23, 1993

  • First Newport Federal Savings Bank in Newport Beach, California (CA)
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First Newport Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 33615
    Status: Inactive
    Closing history: Conservatorship Institution Resolved
    Acquiring institution: Sterling Bank and Trust, FSB (#32232)
    Federal Reserve ID: 37172
    Date Established: June 19, 1992
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 10031
    FDIC's unique #: 47669
    Numeric code: 34
    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: June 19, 1992
    Last Structure Change Effective Date: July 23, 1993
    Last Structure Change Process Date: August 03, 1993
    Last Data Update: August 02, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 2121 San Joaquin Hills Road, Newport Beach, CA 92660
    County: Orange
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Orange
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Orange County, CA (#5945)
    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: Santa Ana-Anaheim-Irvine, CA (#42044)
  • History of Changes
  • Pass Through Receivership Merger
    Conservatorship Institution Resolved
  • Financial Summary
  • Total assets: $9.5 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $13Total assets
  • $19,482Cash and due from depository institutions
  • $659Interest-bearing balances
  • $220Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $6,600Net loans & leases
  • $9,552Loan loss allowance
  • $1,900Trading account assets
  • $0Bank premises and fixed assets
  • $200Other real estate owned
  • $211Goodwill and other intangibles
  • $2,246Life insurance assets
  • $14All other assets
  • $0Total liabilities and capital
  • $19,482Total liabilities
  • $20,592Total deposits
  • $20,411Interest-bearing deposits
  • $20,410Deposits held in domestic offices
  • 20411.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $181Total equity capital
  • $181Total bank equity capital
  • $-1,110Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $-1,110Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,511Income earned, not collected on loans
  • $75Earning assets
  • $16,372Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $24,234Average Assets, quarterly
  • $22,154Volatile liabilities
  • $304Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-1,110Total risk weighted assets
  • $12,386Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,424Total interest expense
  • $1,033Net interest income
  • $391Provision for loan and lease losses
  • $0Total noninterest income
  • $455Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $455Total noninterest expense
  • $1,880Salaries and employee benefits
  • $799Premises and equipment expense
  • $327Additional noninterest expense
  • $754Pre-tax net operating income
  • -$1,034Securities gains (losses)
  • -$50Applicable income taxes
  • $2Income before extraordinary items
  • -$1,086Extraordinary gains - net
  • $0Net income attributable to bank
  • -$1,086Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • -$3,277Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.27%Cost of funding earning assets
  • 5.27%Net interest margin
  • 2.00%Noninterest income to earning assets
  • 2.32%Noninterest expense to earning assets
  • 9.60%Net operating income to assets
  • -4.27%Return on assets (ROA)
  • -4.48%Pretax return on assets
  • -4.47%Return on equity (ROE)
  • 153.75%Retained earnings to average equity (YTD only)
  • 153.75%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 222,222Assets per employee
  • 1.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 16.59%Loss allowance to noncurrent loans
  • 34.48%Noncurrent assets plus other real estate owned to assets
  • 29.37%Noncurrent loans to loans
  • 48.12%Net loans and leases to deposits
  • 46.80%Net loans and leases to core deposits
  • 47.51%Equity capital to assets
  • -5.70%Core capital (leverage) ratio
  • -5.70%Tier 1 risk-based capital ratio
  • -8.96%Total risk-based capital ratio
  • Memoranda
  • -$9Average assets
  • $24,234Average earning assets
  • -$706Average equity
  • $19,589Average loans

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