Foothill Independent Bank in Glendora, California (CA)

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Foothill Independent Bank
GeneralFDIC Certificate #: 21104
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Pacific Western Bank (#24045)
Federal Reserve ID: 181169
Date Established: June 01, 1973
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 12 (Interstate: No)
OTS Docket #: 12881
FDIC's unique #: 14587
Numeric code: 13
Regulator: FED
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: June 01, 1973
Last Structure Change Effective Date: May 10, 2006
Last Structure Change Process Date: June 07, 2006
Last Data Update: June 07, 2006
Data Source Date: April 05, 2012
LocationAddress: 510 South Grande Avenue, Glendora, CA 91741
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)
Financial SummaryTotal assets: $750.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
(Dollar figures in thousands)
Total employees (full-time equivalent)217
Total assets$797,732
Cash and due from depository institutions$33,450
Interest-bearing balances$1,287
Federal funds sold & reverse repurchase agreements$5,500
Net loans & leases$547,425
Loan loss allowance $5,062
Trading account assets$0
Bank premises and fixed assets$4,458
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$29,219
Life insurance assets$0
Total liabilities and capital$797,732
Total liabilities$720,959
Total deposits$672,838
Interest-bearing deposits$405,743
Deposits held in domestic offices$672,838
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $42,000
Subordinated debt $0
All other liabilities $6,121
Total equity capital$76,773
Total bank equity capital$76,773
Perpetual preferred stock$76,773
Common stock$0
Undivided profits $9,788
Noncurrent loans and leases $65,171
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $69,160
Income earned, not collected on loans $0
Earning assets $137
Long-term assets (5+ years) $24
Average Assets, year-to-date $1,962
Average Assets, quarterly $731,892
Volatile liabilities $366,653
Insider loans $796,063
FHLB advances $795,536
Loans and leases held for sale $76,100
Unused loan commitments $0
Tier 1 (core) risk-based capital $42,000
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $69,160
Restructured Loans and leases $0
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Income and Expense (December 31, 2005)
(Dollar figures in thousands)
Total interest income $43,113
Total interest expense $4,933
Net interest income $38,180
Provision for loan and lease losses $0
Total noninterest income $4,978
Fiduciary activities $0
Service charges on deposit accounts $3,198
Trading account gains & fees $0
Additional noninterest income $1,780
Total noninterest expense $24,269
Salaries and employee benefits $11,705
Premises and equipment expense $4,421
Additional noninterest expense $8,143
Pre-tax net operating income $18,889
Securities gains (losses) -$153
Applicable income taxes $6,722
Income before extraordinary items $12,014
Extraordinary gains - net $0
Net income attributable to bank $12,014
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net -$46
Net operating income $4,675
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Performance and Condition Ratios (December 31, 2005)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.89%
Cost of funding earning assets 0.67%
Net interest margin 5.22%
Noninterest income to earning assets 0.68%
Noninterest expense to earning assets 3.32%
Net operating income to assets 1.52%
Return on assets (ROA) 1.51%
Pretax return on assets 2.35%
Return on equity (ROE) 16.24%
Retained earnings to average equity (YTD only) 9.92%
Net charge-offs to loans -0.01%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$56,233
Cash dividends to net income (YTD only)3.68%
Condition Ratios (%)
Loss allowance to loans 38.91%
Loss allowance to noncurrent loans 0.92%
Noncurrent assets plus other real estate owned to assets 3694.89%
Noncurrent loans to loans 0.02%
Net loans and leases to deposits0.02%
Net loans and leases to core deposits 81.36%
Equity capital to assets 85.70%
Core capital (leverage) ratio 9.62%
Tier 1 risk-based capital ratio 10.08%
Total risk-based capital ratio 12.74%
Average assets$14
Average earning assets$796,063
Average equity $73,976
Average loans $731,532
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