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)
  • Show street view No street view available for this location

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

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with General Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents