Fremont Investment & Loan in Brea, California (CA)



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Table of contents:
Fremont Investment & Loan
GeneralFDIC Certificate #: 25653
Status: Inactive
Federal Reserve ID: 762661
Date Established: March 01, 1937
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 23 (Interstate: No)
OTS Docket #: 12440
FDIC's unique #: 17558
Numeric code: 23
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: September 24, 1984
Last Structure Change Effective Date: July 25, 2008
Last Structure Change Process Date: July 31, 2008
Last Data Update: July 31, 2008
Data Source Date: April 05, 2012
LocationAddress: 2727 East Imperial Highway, Brea, CA 92821
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 ChangesOther Liquidations and Closings
Change in Insurance Status
Office Sold
Financial SummaryTotal assets: $5,657.3 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, 2007)
(Dollar figures in thousands)
Total employees (full-time equivalent)851
Total assets$7,656,223
Cash and due from depository institutions$430,624
Interest-bearing balances$50,000
Securities$3,122,598
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$3,336,013
Loan loss allowance $90
Trading account assets$0
Bank premises and fixed assets$18,878
Other real estate owned$33,228
Goodwill and other intangibles$38,242
All other assets$676,640
Life insurance assets$0
Total liabilities and capital$7,656,223
Total liabilities$7,207,624
Total deposits$7,058,712
Interest-bearing deposits$7,036,279
Deposits held in domestic offices$7,058,712
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $148,912
Total equity capital$448,599
Total bank equity capital$448,599
Perpetual preferred stock$448,599
Common stock$0
Surplus$2,750
Undivided profits $227,708
Memoranda
Noncurrent loans and leases $218,141
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $17,639
Long-term assets (5+ years) $0
Average Assets, year-to-date $31,954
Average Assets, quarterly $6,508,611
Volatile liabilities $365,254
Insider loans $10,582,343
FHLB advances $8,191,888
Loans and leases held for sale $2,440,304
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $2,055,767
Total risk weighted assets $149,437
Total unused commitments $0
Restructured Loans and leases $0
Derivatives$90
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Income and Expense (December 31, 2007)
(Dollar figures in thousands)
Total interest income $560,895
Total interest expense $359,477
Net interest income $201,418
Provision for loan and lease losses $400
Total noninterest income $71,655
Fiduciary activities $0
Service charges on deposit accounts $301
Trading account gains & fees $0
Additional noninterest income $71,354
Total noninterest expense $176,117
Salaries and employee benefits $86,657
Premises and equipment expense $20,722
Additional noninterest expense $68,738
Pre-tax net operating income $96,556
Securities gains (losses) $0
Applicable income taxes $38,184
Income before extraordinary items $58,372
Extraordinary gains - net -$937,504
Net income attributable to bank -$879,132
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $60,834
Net operating income $0
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Performance and Condition Ratios (December 31, 2007)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.94%
Cost of funding earning assets 3.81%
Net interest margin 2.13%
Noninterest income to earning assets 0.76%
Noninterest expense to earning assets 1.87%
Net operating income to assets 0.55%
Return on assets (ROA) -8.31%
Pretax return on assets -7.95%
Return on equity (ROE) -121.27%
Retained earnings to average equity (YTD only) -121.27%
Net charge-offs to loans 0.85%
Credit loss provision to net charge-offs 0.66%
Efficiency ratio1.59%
Assets per employee$64,494
Cash dividends to net income (YTD only)9.00%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.00%
Noncurrent assets plus other real estate owned to assets 0.51%
Noncurrent loans to loans 0.66%
Net loans and leases to deposits0.53%
Net loans and leases to core deposits 47.26%
Equity capital to assets 72.23%
Core capital (leverage) ratio 5.86%
Tier 1 risk-based capital ratio 5.74%
Total risk-based capital ratio 10.08%
Memoranda
Average assets$10
Average earning assets$10,582,343
Average equity $724,928
Average loans $9,443,197
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Bank Assets Sold and Securitized (December 31, 2007)
(Dollar figures in thousands)
Principal balance with servicing or other recourse retained
1-4 family residential loans $8,323,035
Home equity lines$0
Credit cards receivables$0
Auto loans$0
Other consumer loans$0
Commercial and industrial loans$0
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