FDIC Certificate #: 58912 Status: Inactive Closing history: Conservatorship Institution Resolved Acquiring institution:OneWest Bank, FSB (#58978) Federal Reserve ID: 595373 Date Established: July 11, 2008 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 18115 FDIC's unique #: 477956 Numeric code: 34 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: July 11, 2008 Last Structure Change Effective Date: March 19, 2009 Last Structure Change Process Date: March 20, 2009 Last Data Update: March 20, 2009 Data Source Date: April 05, 2012
Location
Address: 888 E Walnut St, Pasadena, CA 91106 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)
History of Changes
Pass Through Receivership Merger
Conservatorship Institution Resolved
Financial Summary
Total assets: $23,477.9 mil
Assets and Liabilities (December 31, 2008)
Dollar figures in thousands
0Total employees (full-time equivalent)
$23,477,908Total assets
$1,716,576Cash and due from depository institutions
$1,695,342Interest-bearing balances
$2,945,647Securities
$0Federal funds sold & reverse repurchase agreements
$15,092,496Net loans & leases
$481,088Loan loss allowance
$0Trading account assets
$87,177Bank premises and fixed assets
$173,788Other real estate owned
$1,280,934Goodwill and other intangibles
$0Life insurance assets
$2,181,290All other assets
$23,477,908Total liabilities and capital
$28,043,105Total liabilities
$6,531,892Total deposits
$6,452,456Interest-bearing deposits
$6,531,892Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$15,743,800Other borrowed funds
$0Subordinated debt
$5,767,413All other liabilities
$-4,565,197Total equity capital
$-4,565,197Total bank equity capital
$-4,565,197Perpetual preferred stock
$0Common stock
$0Surplus
$37,427Undivided profits
Memoranda
$-4,602,624Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,435,678Earning assets
$116Long-term assets (5+ years)
$119,924Average Assets, year-to-date
$19,733,485Average Assets, quarterly
$0Volatile liabilities
$25,019,473Insider loans
$25,019,473FHLB advances
$17,745,364Loans and leases held for sale
$0Unused loan commitments
$6,343,800Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$285,733Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$686,904Total interest income
$322,009Total interest expense
$364,895Net interest income
$2,094,922Provision for loan and lease losses
-$1,815,900Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
-$665,911Trading account gains & fees
-$1,149,989Additional noninterest income
$582,090Total noninterest expense
$220,842Salaries and employee benefits
$63,211Premises and equipment expense
$298,037Additional noninterest expense
-$4,128,017Pre-tax net operating income
-$272,871Securities gains (losses)
$184,605Applicable income taxes
-$4,585,493Income before extraordinary items
$0Extraordinary gains - net
-$4,585,493Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,545,360Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.28%Yield on earning assets
1.54%Cost of funding earning assets
1.74%Net interest margin
-8.66%Noninterest income to earning assets
2.78%Noninterest expense to earning assets
-17.24%Net operating income to assets
-18.33%Return on assets (ROA)
-17.59%Pretax return on assets
135.59%Return on equity (ROE)
135.59%Retained earnings to average equity (YTD only)
9.27%Net charge-offs to loans
135.56%Credit loss provision to net charge-offs
-1.32%Efficiency ratio
-33,473Assets per employee
0.00%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.09%Loss allowance to noncurrent loans
19.75%Noncurrent assets plus other real estate owned to assets
11.11%Noncurrent loans to loans
15.64%Net loans and leases to deposits
231.06%Net loans and leases to core deposits
333.14%Equity capital to assets
-19.44%Core capital (leverage) ratio
-23.83%Tier 1 risk-based capital ratio
-58.49%Total risk-based capital ratio
Memoranda
-$58Average assets
$25,019,473Average earning assets
-$3,381,810Average equity
$20,962,776Average loans
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