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

This bank is inactive as of December 31, 1998

  • Industrial Bank in Los Angeles, California (CA)
  • Show street view No street view available for this location

Industrial Bank - Overview

  • General
  • 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

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Industrial 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.
Table of Contents