Los Angeles Thrift and Loan Company in Los Angeles, California (CA)



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Los Angeles Thrift and Loan Company
GeneralFDIC Certificate #: 33190
Status: Inactive
Closing history: Corrections
Acquiring institution: California Federal Bank (#30278)
Federal Reserve ID: 1831612
Date Established: November 01, 1990
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 46427
Numeric code: 23
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 01, 1990
Last Structure Change Effective Date: March 31, 1995
Last Structure Change Process Date: April 04, 1995
Last Data Update: April 04, 1995
Data Source Date: April 05, 2012
LocationAddress: 4311 Wilshire Boulevard, Suite 110, Los Angeles, CA 90010
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)
History of ChangesAbsorption - Assisted
Corrections
Financial SummaryTotal assets: $23.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$10
Cash and due from depository institutions$23,388
Interest-bearing balances$4,051
Securities$1,243
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$0
Loan loss allowance $18,818
Trading account assets$1,509
Bank premises and fixed assets$0
Other real estate owned$116
Goodwill and other intangibles$0
All other assets$11
Life insurance assets$392
Total liabilities and capital$0
Total liabilities$23,388
Total deposits$22,332
Interest-bearing deposits$22,280
Deposits held in domestic offices$22,280
% insured (estimated)22280.00%
Federal funds purchased & repurchase agreements $98
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $0
Total equity capital$52
Total bank equity capital$52
Perpetual preferred stock$1,056
Common stock$0
Surplus$3,000
Undivided profits $0
Memoranda
Noncurrent loans and leases $-1,944
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $4,324
Earning assets $242
Long-term assets (5+ years) $20,061
Average Assets, year-to-date $281
Average Assets, quarterly $25,568
Volatile liabilities $25,311
Insider loans $600
FHLB advances $0
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $1,045
Total unused commitments $19,948
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1994)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $2,969
Net interest income $1,087
Provision for loan and lease losses $1,882
Total noninterest income $1,950
Fiduciary activities $147
Service charges on deposit accounts $0
Trading account gains & fees $14
Additional noninterest income $0
Total noninterest expense $133
Salaries and employee benefits $1,150
Premises and equipment expense $518
Additional noninterest expense $79
Pre-tax net operating income $553
Securities gains (losses) -$1,071
Applicable income taxes $0
Income before extraordinary items $393
Extraordinary gains - net -$1,464
Net income attributable to bank $0
Net charge-offs -$1,464
Cash dividends $2,161
Sale, conversion, retirement of capital stock, net $0
Net operating income $0
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Performance and Condition Ratios (December 31, 1994)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 13.33%
Net interest margin 4.88%
Noninterest income to earning assets 8.45%
Noninterest expense to earning assets 0.66%
Net operating income to assets 5.16%
Return on assets (ROA) -5.73%
Pretax return on assets -5.73%
Return on equity (ROE) -4.19%
Retained earnings to average equity (YTD only) -62.35%
Net charge-offs to loans -62.35%
Credit loss provision to net charge-offs 9.91%
Efficiency ratio90.24%
Assets per employee$56,087
Cash dividends to net income (YTD only)2.34%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 7.42%
Noncurrent assets plus other real estate owned to assets 34.90%
Noncurrent loans to loans 18.49%
Net loans and leases to deposits21.27%
Net loans and leases to core deposits 84.46%
Equity capital to assets 86.80%
Core capital (leverage) ratio 4.52%
Tier 1 risk-based capital ratio 4.13%
Total risk-based capital ratio 5.24%
Memoranda
Average assets$7
Average earning assets$25,568
Average equity $2,348
Average loans $22,272
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