FDIC Certificate #: 23876 Status: Inactive Closing history: Corrections Acquiring institution:BBCN Bank (#26610) Federal Reserve ID: 104663 Date Established: July 01, 1982 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) FDIC's unique #: 16675 Numeric code: 21 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: July 01, 1982 Last Structure Change Effective Date: April 16, 2010 Last Structure Change Process Date: April 19, 2010 Last Data Update: April 19, 2010 Data Source Date: April 05, 2012
Location
Address: 360 Fourteenth Street, Oakland, CA 94612 County: Alameda Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: San Francisco Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Oakland, CA (#5775) Consolidated Metropolitan Statistical Area (CMSA): San Francisco-Oakland-San Jose, CA (#84) Combined Statistical Area (CSA): San Jose-San Francisco-Oakland, CA (#488) Core Based Statistical Area (CBSA): San Francisco-Oakland-Fremont, CA (#41860) CBSA Metro Statistical Area: San Francisco-Oakland-Fremont, CA (#41860) Core Based Statistical Division: Oakland-Fremont-Hayward, CA (#36084)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $266.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
78Total employees (full-time equivalent)
$268,891Total assets
$48,475Cash and due from depository institutions
$44,040Interest-bearing balances
$16,605Securities
$4,000Federal funds sold & reverse repurchase agreements
$178,343Net loans & leases
$7,833Loan loss allowance
$0Trading account assets
$881Bank premises and fixed assets
$0Other real estate owned
$5,278Goodwill and other intangibles
$0Life insurance assets
$15,309All other assets
$268,891Total liabilities and capital
$252,126Total liabilities
$225,241Total deposits
$205,641Interest-bearing deposits
$225,241Deposits held in domestic offices
88.69%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$25,000Other borrowed funds
$0Subordinated debt
$1,885All other liabilities
$16,765Total equity capital
$16,765Total bank equity capital
$16,765Perpetual preferred stock
$0Common stock
$31,976Surplus
$0Undivided profits
Memoranda
$-15,211Noncurrent loans and leases
$5,098Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$27,462Earning assets
$8,718Long-term assets (5+ years)
$750Average Assets, year-to-date
$242,988Average Assets, quarterly
$11,080Volatile liabilities
$273,436Insider loans
$260,733FHLB advances
$114,621Loans and leases held for sale
$3,589Unused loan commitments
$25,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,098Total unused commitments
$0Restructured Loans and leases
$2,434Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$12,051Total interest income
$7,197Total interest expense
$4,854Net interest income
$17,082Provision for loan and lease losses
$5,588Total noninterest income
$0Fiduciary activities
$415Service charges on deposit accounts
$0Trading account gains & fees
$5,173Additional noninterest income
$14,183Total noninterest expense
$5,714Salaries and employee benefits
$1,638Premises and equipment expense
$6,831Additional noninterest expense
-$20,823Pre-tax net operating income
$0Securities gains (losses)
-$6,339Applicable income taxes
-$14,484Income before extraordinary items
$0Extraordinary gains - net
-$14,484Net income attributable to bank
$0Net charge-offs
-$14,484Cash dividends
$19,009Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.86%Yield on earning assets
2.90%Cost of funding earning assets
1.96%Net interest margin
2.25%Noninterest income to earning assets
5.72%Noninterest expense to earning assets
-5.30%Net operating income to assets
-5.30%Return on assets (ROA)
-7.62%Pretax return on assets
-56.75%Return on equity (ROE)
-56.75%Retained earnings to average equity (YTD only)
9.13%Net charge-offs to loans
89.86%Credit loss provision to net charge-offs
-0.20%Efficiency ratio
113,225Assets per employee
3.45%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.21%Loss allowance to noncurrent loans
28.52%Noncurrent assets plus other real estate owned to assets
10.21%Noncurrent loans to loans
14.75%Net loans and leases to deposits
79.18%Net loans and leases to core deposits
161.22%Equity capital to assets
6.23%Core capital (leverage) ratio
4.34%Tier 1 risk-based capital ratio
5.87%Total risk-based capital ratio
Memoranda
$7Average assets
$273,436Average earning assets
$25,520Average equity
$248,154Average loans
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