First Western Bank, National Association in city_name, state_name

First Western Bank, National Association in San Diego, California (CA)
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First Western Bank, National Association - Overview

General
FDIC Certificate #: 24676
Status: Inactive
Closing history: Corrections
Acquiring institution: Peninsula Bank of San Diego (#21945)
Federal Reserve ID: 116563
Date Established: August 29, 1983
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
FDIC's unique #: 17131
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: August 29, 1983
Last Structure Change Effective Date: April 15, 1993
Last Structure Change Process Date: April 16, 1993
Last Data Update: April 16, 1993
Data Source Date: April 05, 2012
Location
Address: 960 Grand Avenue, San Diego, CA 92109
County: San Diego
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): San Diego, CA (#7320)
Core Based Statistical Area (CBSA): San Diego-Carlsbad-San Marcos, CA (#41740)
CBSA Metro Statistical Area: San Diego-Carlsbad-San Marcos, CA (#41740)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $16.2 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$23Total assets
$16,235Cash and due from depository institutions
$1,500Interest-bearing balances
$0Securities
$893Federal funds sold & reverse repurchase agreements
$240Net loans & leases
$12,493Loan loss allowance
$238Trading account assets
$0Bank premises and fixed assets
$161Other real estate owned
$335Goodwill and other intangibles
$613Life insurance assets
$0All other assets
$0Total liabilities and capital
$16,235Total liabilities
$16,030Total deposits
$15,313Interest-bearing deposits
$11,732Deposits held in domestic offices
15313.00%% insured (estimated)
$99Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$353Subordinated debt
$0All other liabilities
$364Total equity capital
$364Total bank equity capital
$205Perpetual preferred stock
$0Common stock
$2,094Surplus
$3,421Undivided profits
Memoranda
$-5,310Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,087Income earned, not collected on loans
$115Earning assets
$13,626Long-term assets (5+ years)
$2,813Average Assets, year-to-date
$22,635Average Assets, quarterly
$17,053Volatile liabilities
$2,353Insider loans
$300FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$703Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$205Total risk weighted assets
$12,856Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$1,759Total interest expense
$556Net interest income
$1,203Provision for loan and lease losses
$482Total noninterest income
$946Fiduciary activities
$0Service charges on deposit accounts
$183Trading account gains & fees
$0Additional noninterest income
$763Total noninterest expense
$2,324Salaries and employee benefits
$997Premises and equipment expense
$380Additional noninterest expense
$947Pre-tax net operating income
-$657Securities gains (losses)
$5Applicable income taxes
$0Income before extraordinary items
-$652Extraordinary gains - net
$0Net income attributable to bank
-$652Net charge-offs
$397Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.46%Cost of funding earning assets
2.99%Net interest margin
6.47%Noninterest income to earning assets
5.09%Noninterest expense to earning assets
12.50%Net operating income to assets
-2.90%Return on assets (ROA)
-2.88%Pretax return on assets
-2.88%Return on equity (ROE)
-140.15%Retained earnings to average equity (YTD only)
-140.15%Net charge-offs to loans
2.98%Credit loss provision to net charge-offs
121.41%Efficiency ratio
108,143Assets per employee
0.71%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.87%Loss allowance to noncurrent loans
21.90%Noncurrent assets plus other real estate owned to assets
8.76%Noncurrent loans to loans
8.54%Net loans and leases to deposits
81.58%Net loans and leases to core deposits
93.84%Equity capital to assets
1.26%Core capital (leverage) ratio
1.21%Tier 1 risk-based capital ratio
1.59%Total risk-based capital ratio
Memoranda
$3Average assets
$22,635Average earning assets
$465Average equity
$18,595Average loans

First Western Bank, National Association in San Diego, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Western Bank, National Association - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

Comment about this bank, ask questions, or add new information about it:

First Western Bank, National Association in San Diego, California (CA)Overview, Financial Summary, Detailed Financial Reports, Branches

First Western Bank, National Association - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

Comment about this bank, ask questions, or add new information about it:

First Western Bank, National Association in San Diego, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches