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

Grandpoint Bank - Overview

  • General
  • FDIC Certificate #: 58390
    Status: Active
    Federal Reserve ID: 3640283
    Bank Holding Company (Regulatory Top Holder): Grandpoint Capital, Inc. (RSSDID: 3811832, Location: Los Angeles, CA)
    Date Established: October 09, 2007
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    FDIC's unique #: 450375
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 09, 2007
    Last Structure Change Effective Date: Febuary 01, 2012
    Last Structure Change Process Date: Febuary 01, 2012
    Last Data Update: Febuary 01, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 355 South Grand Avenue. Suite 2400, Los Angeles, CA 90071
    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: $854.9 mil
    Equity capital: $119.6 mil
    Deposits held in domestic offices: $726.6 mil
    Return on assets (ROA): -0.79% (-$6.8 mil)
    Quarterly return on assets: -0.58% (-$5.0 mil)
    Return on Equity (ROE): -5.60% (-$6.7 mil)
    Quarterly return on equity: -4.19% (-$5.0 mil)
    Net income: -$5.3 mil
    Quarterly Net income: -$1.3 mil
    Pretax return on assets: -0.99% (-$8,463.0 mil)
    Quarterly Pretax return on assets: -1.20% (-$10,258.2 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, 2011)

  • Dollar figures in thousands
  • 160Total employees (full-time equivalent)
  • $854,851Total assets
  • $75,154Cash and due from depository institutions
  • $58,262Interest-bearing balances
  • $158,168Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $567,075Net loans & leases
  • $4,623Loan loss allowance
  • $0Trading account assets
  • $4,190Bank premises and fixed assets
  • $0Other real estate owned
  • $28,797Goodwill and other intangibles
  • $854,851Life insurance assets
  • $21,467All other assets
  • $735,231Total liabilities and capital
  • $726,649Total liabilities
  • $482,451Total deposits
  • $726,649Interest-bearing deposits
  • $65Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $8,582Subordinated debt
  • $119,620All other liabilities
  • $119,620Total equity capital
  • $119,620Total bank equity capital
  • $0Perpetual preferred stock
  • $126,546Common stock
  • $827Surplus
  • $-7,753Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,625Income earned, not collected on loans
  • $0Earning assets
  • $2,432Long-term assets (5+ years)
  • $783,505Average Assets, year-to-date
  • $294,277Average Assets, quarterly
  • $672,259Volatile liabilities
  • $864,447Insider loans
  • $635,169FHLB advances
  • $847,159Loans and leases held for sale
  • $9,767Unused loan commitments
  • $5,049Tier 1 (core) risk-based capital
  • $88,342Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,718Total unused commitments
  • $105,073Restructured Loans and leases
  • $3,694Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $29,444Total interest income
  • $3,057Total interest expense
  • $26,387Net interest income
  • $4,800Provision for loan and lease losses
  • $3,637Total noninterest income
  • $0Fiduciary activities
  • $746Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,891Additional noninterest income
  • $32,380Total noninterest expense
  • $17,225Salaries and employee benefits
  • $3,457Premises and equipment expense
  • $11,698Additional noninterest expense
  • -$7,156Pre-tax net operating income
  • $516Securities gains (losses)
  • -$1,337Applicable income taxes
  • -$5,303Income before extraordinary items
  • $0Extraordinary gains - net
  • -$5,303Net income attributable to bank
  • $0Net charge-offs
  • -$5,303Cash dividends
  • $1,227Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.82%Yield on earning assets
  • 0.50%Cost of funding earning assets
  • 4.32%Net interest margin
  • 0.60%Noninterest income to earning assets
  • 5.30%Noninterest expense to earning assets
  • -0.85%Net operating income to assets
  • -0.79%Return on assets (ROA)
  • -0.99%Pretax return on assets
  • -5.60%Return on equity (ROE)
  • -5.60%Retained earnings to average equity (YTD only)
  • 0.29%Net charge-offs to loans
  • 391.20%Credit loss provision to net charge-offs
  • -1.92%Efficiency ratio
  • 106,875Assets per employee
  • 5.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.81%Loss allowance to noncurrent loans
  • 53.60%Noncurrent assets plus other real estate owned to assets
  • 1.01%Noncurrent loans to loans
  • 1.51%Net loans and leases to deposits
  • 78.04%Net loans and leases to core deposits
  • 81.00%Equity capital to assets
  • 13.99%Core capital (leverage) ratio
  • 10.43%Tier 1 risk-based capital ratio
  • 13.91%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $672,259Average earning assets
  • $94,770Average equity
  • $610,734Average loans

List of branches

  • 8 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0450375Grandpoint Bank355 South Grand Avenue. Suite 2400, Los Angeles, CA 90071October 09, 2007Full Service Brick and Mortar
    1513836South Bay Branch1960 East Grand Avenue, Suite 1200, El Segundo, CA 90245September 07, 2010Full Service Brick and Mortar
    3514313Santa Ana Branch1666 North Main Street, Santa Ana, CA 92701July 12, 2010Full Service Brick and Mortar
    445027Encino Branch16861 Ventura Boulevard, Suite 100, Encino, CA 91436January 01, 1983Full Service Brick and Mortar
    5334398Brentwood Branch11661 San Vicente Boulevard, Los Angeles, CA 90049April 03, 2000Full Service Brick and Mortar
    681330Orange Branch1045 West Katella Avenue, Orange, CA 92867November 20, 2000Full Service Brick and Mortar
    7425114Anaheim Branch3100 East Miraloma Avenue, Anaheim, CA 92807January 26, 2004Full Service Brick and Mortar
    8465246Huntington Beach Branch6491 Edinger Avenue, Huntington Beach, CA 92647December 18, 2006Full Service Brick and Mortar

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