First Vietnamese American Bank in Westminster, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 05, 2010

  • First Vietnamese American Bank in Westminster, California (CA)
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First Vietnamese American Bank - Overview

  • General
  • FDIC Certificate #: 57885
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Grandpoint Bank (#58390)
    Federal Reserve ID: 3351598
    Date Established: May 11, 2005
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 429285
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: May 11, 2005
    Last Structure Change Effective Date: November 05, 2010
    Last Structure Change Process Date: November 09, 2010
    Last Data Update: November 09, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 8990 Westminster Boulevard, Westminster, CA 92683
    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)
  • Financial Summary
  • Total assets: $48.0 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, 2009)

  • Dollar figures in thousands
  • 16Total employees (full-time equivalent)
  • $57,072Total assets
  • $6,711Cash and due from depository institutions
  • $0Interest-bearing balances
  • $3,884Securities
  • $4,625Federal funds sold & reverse repurchase agreements
  • $40,259Net loans & leases
  • $1,435Loan loss allowance
  • $0Trading account assets
  • $829Bank premises and fixed assets
  • $0Other real estate owned
  • $224Goodwill and other intangibles
  • $0Life insurance assets
  • $540All other assets
  • $57,072Total liabilities and capital
  • $54,642Total liabilities
  • $53,985Total deposits
  • $49,376Interest-bearing deposits
  • $53,985Deposits held in domestic offices
  • 83.34%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $657All other liabilities
  • $2,430Total equity capital
  • $2,430Total bank equity capital
  • $2,430Perpetual preferred stock
  • $0Common stock
  • $14,902Surplus
  • $846Undivided profits
  • Memoranda
  • $-13,318Noncurrent loans and leases
  • $826Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $8,522Earning assets
  • $0Long-term assets (5+ years)
  • $164Average Assets, year-to-date
  • $48,768Average Assets, quarterly
  • $4,671Volatile liabilities
  • $58,364Insider loans
  • $61,130FHLB advances
  • $29,093Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $826Total unused commitments
  • $0Restructured Loans and leases
  • $563Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $2,749Total interest income
  • $1,654Total interest expense
  • $1,095Net interest income
  • $679Provision for loan and lease losses
  • $672Total noninterest income
  • $0Fiduciary activities
  • $103Service charges on deposit accounts
  • $0Trading account gains & fees
  • $569Additional noninterest income
  • $3,961Total noninterest expense
  • $1,516Salaries and employee benefits
  • $526Premises and equipment expense
  • $1,919Additional noninterest expense
  • -$2,873Pre-tax net operating income
  • -$1Securities gains (losses)
  • $1Applicable income taxes
  • -$2,875Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,875Net income attributable to bank
  • $0Net charge-offs
  • -$2,875Cash dividends
  • $282Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.30%Yield on earning assets
  • 3.19%Cost of funding earning assets
  • 2.11%Net interest margin
  • 1.30%Noninterest income to earning assets
  • 7.63%Noninterest expense to earning assets
  • -4.92%Net operating income to assets
  • -4.93%Return on assets (ROA)
  • -4.92%Pretax return on assets
  • -74.40%Return on equity (ROE)
  • -74.40%Retained earnings to average equity (YTD only)
  • 0.62%Net charge-offs to loans
  • 240.78%Credit loss provision to net charge-offs
  • -7.78%Efficiency ratio
  • 224,165Assets per employee
  • 3.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.44%Loss allowance to noncurrent loans
  • 16.84%Noncurrent assets plus other real estate owned to assets
  • 14.93%Noncurrent loans to loans
  • 20.44%Net loans and leases to deposits
  • 74.57%Net loans and leases to core deposits
  • 161.73%Equity capital to assets
  • 4.26%Core capital (leverage) ratio
  • 4.37%Tier 1 risk-based capital ratio
  • 5.72%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $58,364Average earning assets
  • $3,864Average equity
  • $51,880Average loans

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