Golden Security Bank in Rosemead, California (CA)

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Golden Security Bank routing number info

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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
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
Undivided profits $3,457
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
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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
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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%
Average assets$10
Average earning assets$160,388
Average equity $10,422
Average loans $146,923
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