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

This bank is inactive as of October 20, 2003

  • General Bank in Los Angeles, California (CA)
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General Bank - Overview

  • General
  • FDIC Certificate #: 23083
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Cathay Bank (#18503)
    Federal Reserve ID: 730268
    Date Established: March 18, 1980
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 21 (Interstate: No)
    OTS Docket #: 9750
    FDIC's unique #: 16169
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: March 18, 1980
    Last Structure Change Effective Date: October 20, 2003
    Last Structure Change Process Date: November 04, 2003
    Last Data Update: November 04, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 800 West 6th Street, 15th Floor, Los Angeles, CA 90017
    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 Summary
  • Total assets: $2,410.4 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, 2002)

  • Dollar figures in thousands
  • 397Total employees (full-time equivalent)
  • $2,508,021Total assets
  • $46,878Cash and due from depository institutions
  • $40Interest-bearing balances
  • $1,057,677Securities
  • $181,000Federal funds sold & reverse repurchase agreements
  • $1,166,499Net loans & leases
  • $25,534Loan loss allowance
  • $0Trading account assets
  • $6,234Bank premises and fixed assets
  • $1,484Other real estate owned
  • $5,334Goodwill and other intangibles
  • $0Life insurance assets
  • $42,915All other assets
  • $2,508,021Total liabilities and capital
  • $2,290,440Total liabilities
  • $1,906,107Total deposits
  • $1,754,011Interest-bearing deposits
  • $1,906,107Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $335,900Other borrowed funds
  • $0Subordinated debt
  • $48,433All other liabilities
  • $217,581Total equity capital
  • $217,581Total bank equity capital
  • $217,581Perpetual preferred stock
  • $0Common stock
  • $18,257Surplus
  • $25,948Undivided profits
  • Memoranda
  • $173,376Noncurrent loans and leases
  • $589,660Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $25,670Earning assets
  • $0Long-term assets (5+ years)
  • $10,473Average Assets, year-to-date
  • $2,405,216Average Assets, quarterly
  • $716,409Volatile liabilities
  • $2,468,549Insider loans
  • $2,477,910FHLB advances
  • $1,088,394Loans and leases held for sale
  • $2,675Unused loan commitments
  • $322,400Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $589,660Total unused commitments
  • $666Restructured Loans and leases
  • $21,417Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $146,906Total interest income
  • $49,489Total interest expense
  • $97,417Net interest income
  • $76,364Provision for loan and lease losses
  • $1,536Total noninterest income
  • $0Fiduciary activities
  • $1,480Service charges on deposit accounts
  • $0Trading account gains & fees
  • $56Additional noninterest income
  • $38,406Total noninterest expense
  • $21,825Salaries and employee benefits
  • $7,201Premises and equipment expense
  • $9,380Additional noninterest expense
  • -$15,817Pre-tax net operating income
  • $10,127Securities gains (losses)
  • -$3,785Applicable income taxes
  • -$1,905Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,905Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $74,083Sale, conversion, retirement of capital stock, net
  • $5,575Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.19%Yield on earning assets
  • 2.08%Cost of funding earning assets
  • 4.10%Net interest margin
  • 0.06%Noninterest income to earning assets
  • 1.62%Noninterest expense to earning assets
  • -0.34%Net operating income to assets
  • -0.08%Return on assets (ROA)
  • -0.23%Pretax return on assets
  • -0.89%Return on equity (ROE)
  • -3.51%Retained earnings to average equity (YTD only)
  • 6.30%Net charge-offs to loans
  • 103.08%Credit loss provision to net charge-offs
  • 0.82%Efficiency ratio
  • 38,666Assets per employee
  • 6.32%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -292.65%Loss allowance to loans
  • 2.14%Loss allowance to noncurrent loans
  • 99.47%Noncurrent assets plus other real estate owned to assets
  • 1.02%Noncurrent loans to loans
  • 2.15%Net loans and leases to deposits
  • 61.20%Net loans and leases to core deposits
  • 113.63%Equity capital to assets
  • 8.68%Core capital (leverage) ratio
  • 7.91%Tier 1 risk-based capital ratio
  • 11.37%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $2,468,549Average earning assets
  • $213,323Average equity
  • $2,374,182Average loans

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