FDIC Certificate #: 24796 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Washington Mutual Bank (#9576) Federal Reserve ID: 636061 Date Established: November 14, 1983 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 9829 FDIC's unique #: 17203 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: November 14, 1983 Last Structure Change Effective Date: December 31, 1998 Last Structure Change Process Date: January 06, 1999 Last Data Update: January 06, 1999 Data Source Date: April 05, 2012
Location
Address: 5805 Sepulveda Boulevard, Los Angeles, CA 91411 County: Los Angeles Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Los Angeles (West) 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: $29.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
28Total employees (full-time equivalent)
$33,947Total assets
$4,768Cash and due from depository institutions
$1,584Interest-bearing balances
$5,511Securities
$2,500Federal funds sold & reverse repurchase agreements
$19,930Net loans & leases
$806Loan loss allowance
$0Trading account assets
$390Bank premises and fixed assets
$153Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$695All other assets
$33,947Total liabilities and capital
$32,100Total liabilities
$31,858Total deposits
$17,910Interest-bearing deposits
$31,858Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$242All other liabilities
$1,847Total equity capital
$1,847Total bank equity capital
$1,847Perpetual preferred stock
$0Common stock
$3,573Surplus
$0Undivided profits
Memoranda
$-1,726Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,265Earning assets
$0Long-term assets (5+ years)
$141Average Assets, year-to-date
$29,525Average Assets, quarterly
$4,900Volatile liabilities
$36,038Insider loans
$35,411FHLB advances
$4,962Loans and leases held for sale
$262Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,333Total risk weighted assets
$3,098Total unused commitments
$0Restructured Loans and leases
$24,322Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$2,883Total interest income
$525Total interest expense
$2,358Net interest income
$870Provision for loan and lease losses
$974Total noninterest income
$0Fiduciary activities
$117Service charges on deposit accounts
$0Trading account gains & fees
$857Additional noninterest income
$3,854Total noninterest expense
$1,610Salaries and employee benefits
$811Premises and equipment expense
$1,433Additional noninterest expense
-$1,392Pre-tax net operating income
$0Securities gains (losses)
$2Applicable income taxes
-$1,394Income before extraordinary items
$0Extraordinary gains - net
-$1,394Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$911Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.38%Yield on earning assets
1.71%Cost of funding earning assets
7.67%Net interest margin
3.17%Noninterest income to earning assets
12.53%Noninterest expense to earning assets
-3.87%Net operating income to assets
-3.87%Return on assets (ROA)
-3.86%Pretax return on assets
-49.30%Return on equity (ROE)
-49.30%Retained earnings to average equity (YTD only)
4.51%Net charge-offs to loans
95.50%Credit loss provision to net charge-offs
-0.57%Efficiency ratio
115,666Assets per employee
1.21%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.89%Loss allowance to noncurrent loans
63.72%Noncurrent assets plus other real estate owned to assets
4.18%Noncurrent loans to loans
6.10%Net loans and leases to deposits
62.56%Net loans and leases to core deposits
74.10%Equity capital to assets
5.44%Core capital (leverage) ratio
4.88%Tier 1 risk-based capital ratio
7.59%Total risk-based capital ratio
Memoranda
$9Average assets
$36,038Average earning assets
$2,827Average equity
$30,750Average loans
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