Founders National Bank in Los Angeles, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 30, 2001

  • Founders National Bank in Los Angeles, California (CA)
  • Show street view No street view available for this location

Founders National Bank - Overview

  • General
  • FDIC Certificate #: 33305
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: OneUnited Bank (#23966)
    Federal Reserve ID: 1856099
    Date Established: January 18, 1991
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    OTS Docket #: 14234
    FDIC's unique #: 46853
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: January 18, 1991
    Last Structure Change Effective Date: April 30, 2001
    Last Structure Change Process Date: May 09, 2001
    Last Data Update: May 09, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 3910 West Martin Luther King, Jr. Boulevard, Los Angeles, CA 90008
    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: $107.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 2000)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $0Total assets
  • $67Cash and due from depository institutions
  • $106,479Interest-bearing balances
  • $7,172Securities
  • $55Federal funds sold & reverse repurchase agreements
  • $9,675Net loans & leases
  • $8,830Loan loss allowance
  • $76,162Trading account assets
  • $1,480Bank premises and fixed assets
  • $0Other real estate owned
  • $2,565Goodwill and other intangibles
  • $602Life insurance assets
  • $214All other assets
  • $1,259Total liabilities and capital
  • $0Total liabilities
  • $106,479Total deposits
  • $100,083Interest-bearing deposits
  • $98,659Deposits held in domestic offices
  • 78718.00%% insured (estimated)
  • $98,659Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $700Total equity capital
  • $700Total bank equity capital
  • $724Perpetual preferred stock
  • $6,396Common stock
  • $6,396Surplus
  • $4,315Undivided profits
  • Memoranda
  • $1,505Noncurrent loans and leases
  • $1,198Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,509Income earned, not collected on loans
  • $-933Earning assets
  • $0Long-term assets (5+ years)
  • $2,320Average Assets, year-to-date
  • $26Average Assets, quarterly
  • $629Volatile liabilities
  • $94,722Insider loans
  • $10,853FHLB advances
  • $107,480Loans and leases held for sale
  • $107,894Unused loan commitments
  • $17,647Tier 1 (core) risk-based capital
  • $10,831Tier 2 risk-based capital
  • $62Total risk weighted assets
  • $0Total unused commitments
  • $72,898Restructured Loans and leases
  • $10,831Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $0Total interest income
  • $0Total interest expense
  • $9,369Net interest income
  • $2,940Provision for loan and lease losses
  • $6,429Total noninterest income
  • $545Fiduciary activities
  • $1,238Service charges on deposit accounts
  • $0Trading account gains & fees
  • $706Additional noninterest income
  • $0Total noninterest expense
  • $532Salaries and employee benefits
  • $7,033Premises and equipment expense
  • $3,292Additional noninterest expense
  • $1,014Pre-tax net operating income
  • $2,727Securities gains (losses)
  • $89Applicable income taxes
  • $0Income before extraordinary items
  • -$44Extraordinary gains - net
  • $133Net income attributable to bank
  • $0Net charge-offs
  • $133Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 0.00%Cost of funding earning assets
  • 9.66%Net interest margin
  • 3.03%Noninterest income to earning assets
  • 6.63%Noninterest expense to earning assets
  • 1.28%Net operating income to assets
  • 7.25%Return on assets (ROA)
  • 0.12%Pretax return on assets
  • 0.12%Return on equity (ROE)
  • 0.08%Retained earnings to average equity (YTD only)
  • 2.07%Net charge-offs to loans
  • 2.07%Credit loss provision to net charge-offs
  • 1.19%Efficiency ratio
  • 56,128Assets per employee
  • 0.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 90.92%Loss allowance to loans
  • 1.59%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 1.91%Noncurrent loans to loans
  • 63.79%Net loans and leases to deposits
  • 2.38%Net loans and leases to core deposits
  • 2.99%Equity capital to assets
  • 77.20%Core capital (leverage) ratio
  • 94.01%Tier 1 risk-based capital ratio
  • 6.01%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $8Average earning assets
  • $107,480Average equity
  • $10Average loans

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