Golden Security Bank in Rosemead, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 23, 2011

Golden Security Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 20Total employees (full-time equivalent)
  • $147,731Total assets
  • $23,437Cash and due from depository institutions
  • $22,399Interest-bearing balances
  • $0Securities
  • $175Federal funds sold & reverse repurchase agreements
  • $115,304Net loans & leases
  • $4,121Loan loss allowance
  • $0Trading account assets
  • $2,001Bank premises and fixed assets
  • $4,830Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,984All other assets
  • $147,731Total liabilities and capital
  • $138,083Total liabilities
  • $121,354Total deposits
  • $121,258Interest-bearing deposits
  • $121,354Deposits held in domestic offices
  • 99.72%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $16,500Other borrowed funds
  • $0Subordinated debt
  • $229All other liabilities
  • $9,648Total equity capital
  • $9,648Total bank equity capital
  • $9,648Perpetual preferred stock
  • $0Common stock
  • $750Surplus
  • $3,457Undivided profits
  • Memoranda
  • $5,441Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $8,472Earning assets
  • $0Long-term assets (5+ years)
  • $486Average Assets, year-to-date
  • $137,878Average Assets, quarterly
  • $0Volatile liabilities
  • $160,388Insider loans
  • $151,239FHLB advances
  • $9,442Loans and leases held for sale
  • $0Unused loan commitments
  • $16,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,618Restructured Loans and leases
  • $1,475Derivatives

Income and Expense (December 31, 2010)

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

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.52%Yield on earning assets
  • 2.80%Cost of funding earning assets
  • 3.71%Net interest margin
  • 0.09%Noninterest income to earning assets
  • 4.08%Noninterest expense to earning assets
  • -1.43%Net operating income to assets
  • -1.43%Return on assets (ROA)
  • -1.44%Pretax return on assets
  • -22.08%Return on equity (ROE)
  • -22.08%Retained earnings to average equity (YTD only)
  • 1.67%Net charge-offs to loans
  • 89.88%Credit loss provision to net charge-offs
  • -0.19%Efficiency ratio
  • 107,184Assets per employee
  • 7.39%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.45%Loss allowance to noncurrent loans
  • 48.64%Noncurrent assets plus other real estate owned to assets
  • 9.00%Noncurrent loans to loans
  • 7.09%Net loans and leases to deposits
  • 95.01%Net loans and leases to core deposits
  • 99.91%Equity capital to assets
  • 6.53%Core capital (leverage) ratio
  • 6.38%Tier 1 risk-based capital ratio
  • 8.37%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $160,388Average earning assets
  • $10,422Average equity
  • $146,923Average loans

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