Golden Security Bank in Rosemead, California (CA)



Show street view No street view available for this location

Golden Security Bank routing number info

Table of contents:
Golden Security Bank
GeneralFDIC Certificate #: 26615
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First General Bank (#58060)
Federal Reserve ID: 613464
Date Established: December 09, 1982
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 35339
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: Febuary 25, 1986
Last Structure Change Effective Date: August 23, 2011
Last Structure Change Process Date: August 31, 2011
Last Data Update: August 31, 2011
Data Source Date: April 05, 2012
LocationAddress: 2112 Walnut Grove Avenue, Rosemead, CA 91770
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: $131.9 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, 2010)
(Dollar figures in thousands)
Total employees (full-time equivalent)20
Total assets$147,731
Cash and due from depository institutions$23,437
Interest-bearing balances$22,399
Securities$0
Federal funds sold & reverse repurchase agreements$175
Net loans & leases$115,304
Loan loss allowance $4,121
Trading account assets$0
Bank premises and fixed assets$2,001
Other real estate owned$4,830
Goodwill and other intangibles$0
All other assets$1,984
Life insurance assets$0
Total liabilities and capital$147,731
Total liabilities$138,083
Total deposits$121,354
Interest-bearing deposits$121,258
Deposits held in domestic offices$121,354
% insured (estimated)99.72%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $16,500
Subordinated debt $0
All other liabilities $229
Total equity capital$9,648
Total bank equity capital$9,648
Perpetual preferred stock$9,648
Common stock$0
Surplus$750
Undivided profits $3,457
Memoranda
Noncurrent loans and leases $5,441
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $8,472
Long-term assets (5+ years) $0
Average Assets, year-to-date $486
Average Assets, quarterly $137,878
Volatile liabilities $0
Insider loans $160,388
FHLB advances $151,239
Loans and leases held for sale $9,442
Unused loan commitments $0
Tier 1 (core) risk-based capital $16,500
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $7,618
Derivatives$1,475
Back to page top, Back to table top

Income and Expense (December 31, 2010)
(Dollar figures in thousands)
Total interest income $9,577
Total interest expense $4,120
Net interest income $5,457
Provision for loan and lease losses $1,900
Total noninterest income $139
Fiduciary activities $0
Service charges on deposit accounts $1
Trading account gains & fees $0
Additional noninterest income $138
Total noninterest expense $5,998
Salaries and employee benefits $1,660
Premises and equipment expense $218
Additional noninterest expense $4,120
Pre-tax net operating income -$2,302
Securities gains (losses) $0
Applicable income taxes -$1
Income before extraordinary items -$2,301
Extraordinary gains - net $0
Net income attributable to bank -$2,301
Net charge-offs $0
Cash dividends -$2,301
Sale, conversion, retirement of capital stock, net $2,114
Net operating income $0
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2010)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.52%
Cost of funding earning assets 2.80%
Net interest margin 3.71%
Noninterest income to earning assets 0.09%
Noninterest expense to earning assets 4.08%
Net operating income to assets -1.43%
Return on assets (ROA) -1.43%
Pretax return on assets -1.44%
Return on equity (ROE) -22.08%
Retained earnings to average equity (YTD only) -22.08%
Net charge-offs to loans 1.67%
Credit loss provision to net charge-offs 89.88%
Efficiency ratio-0.19%
Assets per employee$107,184
Cash dividends to net income (YTD only)7.39%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.45%
Noncurrent assets plus other real estate owned to assets 48.64%
Noncurrent loans to loans 9.00%
Net loans and leases to deposits7.09%
Net loans and leases to core deposits 95.01%
Equity capital to assets 99.91%
Core capital (leverage) ratio 6.53%
Tier 1 risk-based capital ratio 6.38%
Total risk-based capital ratio 8.37%
Memoranda
Average assets$10
Average earning assets$160,388
Average equity $10,422
Average loans $146,923
Back to page top, Back to table top

User Contributions:

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

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Golden Security 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.