Malaga Bank F.S.B. in Palos Verdes Peninsula, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Malaga Bank F.S.B. in Palos Verdes Peninsula, California (CA)
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Malaga Bank F.S.B. - Overview

  • General
  • FDIC Certificate #: 32282
    Status: Active
    Federal Reserve ID: 773470
    Date Established: March 08, 1985
    WWW: http://www.malagabank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 8089
    FDIC's unique #: 45116
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: March 08, 1985
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 2514 Via Tejon, Palos Verdes Peninsula, CA 90274
    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 Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $826.4 mil
    Equity capital: $102.4 mil
    Deposits held in domestic offices: $550.3 mil
    Return on assets (ROA): 1.45% ($12.0 mil)
    Quarterly return on assets: 1.51% ($12.5 mil)
    Return on Equity (ROE): 12.14% ($12.4 mil)
    Quarterly return on equity: 12.25% ($12.5 mil)
    Net income: $11.9 mil
    Quarterly Net income: $3.1 mil
    Pretax return on assets: 2.51% ($20,743.1 mil)
    Quarterly Pretax return on assets: 2.65% ($21,900.1 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, 2011)

  • Dollar figures in thousands
  • 74Total employees (full-time equivalent)
  • $826,418Total assets
  • $12,560Cash and due from depository institutions
  • $1,687Interest-bearing balances
  • $0Securities
  • $237Federal funds sold & reverse repurchase agreements
  • $791,288Net loans & leases
  • $2,881Loan loss allowance
  • $0Trading account assets
  • $5,707Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $826,418Life insurance assets
  • $16,626All other assets
  • $723,995Total liabilities and capital
  • $550,253Total liabilities
  • $496,214Total deposits
  • $550,253Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $169,065Trading liabilities
  • $0Other borrowed funds
  • $4,677Subordinated debt
  • $102,423All other liabilities
  • $102,423Total equity capital
  • $102,423Total bank equity capital
  • $0Perpetual preferred stock
  • $8,481Common stock
  • $13,679Surplus
  • $80,263Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $2,984Long-term assets (5+ years)
  • $793,212Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $819,646Volatile liabilities
  • $823,063Insider loans
  • $521,362FHLB advances
  • $826,418Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $102,423Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $46,571Restructured Loans and leases
  • $5,949Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $41,517Total interest income
  • $11,295Total interest expense
  • $30,222Net interest income
  • $115Provision for loan and lease losses
  • $615Total noninterest income
  • $0Fiduciary activities
  • $579Service charges on deposit accounts
  • $0Trading account gains & fees
  • $36Additional noninterest income
  • $10,177Total noninterest expense
  • $6,097Salaries and employee benefits
  • $2,133Premises and equipment expense
  • $1,947Additional noninterest expense
  • $20,545Pre-tax net operating income
  • $0Securities gains (losses)
  • $8,636Applicable income taxes
  • $11,909Income before extraordinary items
  • $0Extraordinary gains - net
  • $11,909Net income attributable to bank
  • $0Net charge-offs
  • $11,909Cash dividends
  • $76Sale, conversion, retirement of capital stock, net
  • $3,250Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.28%Yield on earning assets
  • 1.44%Cost of funding earning assets
  • 3.84%Net interest margin
  • 0.08%Noninterest income to earning assets
  • 1.29%Noninterest expense to earning assets
  • 1.45%Net operating income to assets
  • 1.45%Return on assets (ROA)
  • 2.51%Pretax return on assets
  • 12.14%Return on equity (ROE)
  • 8.83%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 151.32%Credit loss provision to net charge-offs
  • 271.84%Efficiency ratio
  • 33,003Assets per employee
  • 11.17%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 27.29%Loss allowance to loans
  • 0.36%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 143.80%Net loans and leases to core deposits
  • 180.21%Equity capital to assets
  • 12.39%Core capital (leverage) ratio
  • 12.39%Tier 1 risk-based capital ratio
  • 19.65%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $819,646Average earning assets
  • $98,057Average equity
  • $786,016Average loans

List of branches

  • 4 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    045116Malaga Bank F.S.b.2514 Via Tejon, Palos Verdes Peninsula, CA 90274March 08, 1985Full Service Brick and Mortar
    101287451Peninsula Ctr Branch27450 Hawthoene Boulevard, Rolling Hills Estates, CA 90274October 02, 1993Full Service Brick and Mortar
    102492491San Pedro Branch1460 W. 25th Street, San Pedro, CA 90732April 29, 2008Full Service Brick and Mortar
    103496004Torrance Branch25700 Crenshaw Blvd, Torrance, CA 90505December 16, 2004Full Service Brick and Mortar

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