FDIC Certificate #: 32423 Status: Inactive Closing history: Corrections Acquiring institution:OneWest Bank, FSB (#58978) Federal Reserve ID: 806677 Date Established: December 05, 1985 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 8247 FDIC's unique #: 45257 Numeric code: 33 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: December 05, 1985 Last Structure Change Effective Date: Febuary 19, 2010 Last Structure Change Process Date: Febuary 22, 2010 Last Data Update: Febuary 22, 2010 Data Source Date: April 05, 2012
Location
Address: 888 Prospect Street, La Jolla, CA 92037 County: San Diego Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Orange Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): San Diego, CA (#7320) Core Based Statistical Area (CBSA): San Diego-Carlsbad-San Marcos, CA (#41740) CBSA Metro Statistical Area: San Diego-Carlsbad-San Marcos, CA (#41740)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $3,646.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
124Total employees (full-time equivalent)
$3,646,071Total assets
$179,459Cash and due from depository institutions
$167,202Interest-bearing balances
$135,233Securities
$0Federal funds sold & reverse repurchase agreements
$3,184,507Net loans & leases
$94,921Loan loss allowance
$0Trading account assets
$2,494Bank premises and fixed assets
$46,519Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$97,859All other assets
$3,646,071Total liabilities and capital
$3,617,565Total liabilities
$2,799,362Total deposits
$2,783,382Interest-bearing deposits
$2,799,362Deposits held in domestic offices
88.41%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$758,000Other borrowed funds
$25,000Subordinated debt
$35,203All other liabilities
$28,506Total equity capital
$28,506Total bank equity capital
$28,506Perpetual preferred stock
$0Common stock
$13,600Surplus
$74,486Undivided profits
Memoranda
$-59,580Noncurrent loans and leases
$108,765Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$739,828Earning assets
$3,884Long-term assets (5+ years)
$14,791Average Assets, year-to-date
$3,486,942Average Assets, quarterly
$0Volatile liabilities
$3,810,003Insider loans
$3,746,483FHLB advances
$1,857,235Loans and leases held for sale
$4,380Unused loan commitments
$758,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$108,765Total unused commitments
$151,593Restructured Loans and leases
$24,362Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$203,485Total interest income
$100,775Total interest expense
$102,710Net interest income
$322,700Provision for loan and lease losses
-$2,769Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
-$2,769Additional noninterest income
$32,337Total noninterest expense
$13,986Salaries and employee benefits
$4,744Premises and equipment expense
$13,607Additional noninterest expense
-$255,096Pre-tax net operating income
$375Securities gains (losses)
-$836Applicable income taxes
-$253,885Income before extraordinary items
$0Extraordinary gains - net
-$253,885Net income attributable to bank
$0Net charge-offs
-$253,885Cash dividends
$282,511Sale, conversion, retirement of capital stock, net
$665Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.56%Yield on earning assets
2.75%Cost of funding earning assets
2.81%Net interest margin
-0.08%Noninterest income to earning assets
0.88%Noninterest expense to earning assets
-6.67%Net operating income to assets
-6.66%Return on assets (ROA)
-6.69%Pretax return on assets
-101.94%Return on equity (ROE)
-102.21%Retained earnings to average equity (YTD only)
8.01%Net charge-offs to loans
114.23%Credit loss provision to net charge-offs
0.24%Efficiency ratio
32,356Assets per employee
29.40%Cash dividends to net income (YTD only)
Condition Ratios (%)
-0.26%Loss allowance to loans
2.89%Loss allowance to noncurrent loans
12.83%Noncurrent assets plus other real estate owned to assets
21.57%Noncurrent loans to loans
22.56%Net loans and leases to deposits
113.76%Net loans and leases to core deposits
187.31%Equity capital to assets
0.78%Core capital (leverage) ratio
0.67%Tier 1 risk-based capital ratio
0.90%Total risk-based capital ratio
Memoranda
$2Average assets
$3,810,003Average earning assets
$249,053Average equity
$3,660,988Average loans
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