Marina Bank in Marina Del Rey, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 26, 1997

  • Marina Bank in Marina Del Rey, California (CA)
  • Show street view No street view available for this location

Marina Bank - Overview

  • General
  • FDIC Certificate #: 23167
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: First Coastal Bank, National Association (#25832)
    Federal Reserve ID: 324667
    Date Established: July 31, 1980
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 16232
    Numeric code: 21
    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: July 31, 1980
    Last Structure Change Effective Date: June 26, 1997
    Last Structure Change Process Date: July 09, 1997
    Last Data Update: September 24, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 3206 Washington Boulevard, Marina Del Rey, CA 90291
    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
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $27.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $18Total assets
  • $29,735Cash and due from depository institutions
  • $2,690Interest-bearing balances
  • $297Securities
  • $1,489Federal funds sold & reverse repurchase agreements
  • $3,850Net loans & leases
  • $21,225Loan loss allowance
  • $306Trading account assets
  • $0Bank premises and fixed assets
  • $155Other real estate owned
  • $0Goodwill and other intangibles
  • $326Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $29,735Total liabilities
  • $27,205Total deposits
  • $27,138Interest-bearing deposits
  • $18,663Deposits held in domestic offices
  • 27138.00%% insured (estimated)
  • $85Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $67Total equity capital
  • $67Total bank equity capital
  • $2,530Perpetual preferred stock
  • $0Common stock
  • $1,848Surplus
  • $1,139Undivided profits
  • Memoranda
  • $-457Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $224Income earned, not collected on loans
  • $135Earning assets
  • $26,861Long-term assets (5+ years)
  • $8,489Average Assets, year-to-date
  • $29,088Average Assets, quarterly
  • $28,498Volatile liabilities
  • $4,759Insider loans
  • $639FHLB advances
  • $0Loans and leases held for sale
  • $4,464Unused loan commitments
  • $1,102Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,464Total risk weighted assets
  • $20,421Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,454Total interest expense
  • $958Net interest income
  • $1,496Provision for loan and lease losses
  • $30Total noninterest income
  • $272Fiduciary activities
  • $0Service charges on deposit accounts
  • $189Trading account gains & fees
  • $0Additional noninterest income
  • $83Total noninterest expense
  • $1,598Salaries and employee benefits
  • $789Premises and equipment expense
  • $230Additional noninterest expense
  • $579Pre-tax net operating income
  • $140Securities gains (losses)
  • $0Applicable income taxes
  • $1Income before extraordinary items
  • $139Extraordinary gains - net
  • $0Net income attributable to bank
  • $139Net charge-offs
  • $38Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.20%Cost of funding earning assets
  • 3.59%Net interest margin
  • 5.61%Noninterest income to earning assets
  • 1.02%Noninterest expense to earning assets
  • 5.99%Net operating income to assets
  • 0.48%Return on assets (ROA)
  • 0.48%Pretax return on assets
  • 0.48%Return on equity (ROE)
  • 5.71%Retained earnings to average equity (YTD only)
  • 5.71%Net charge-offs to loans
  • 0.20%Credit loss provision to net charge-offs
  • 78.95%Efficiency ratio
  • 90,385Assets per employee
  • 1.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.42%Loss allowance to noncurrent loans
  • 136.61%Noncurrent assets plus other real estate owned to assets
  • 0.75%Noncurrent loans to loans
  • 1.04%Net loans and leases to deposits
  • 78.21%Net loans and leases to core deposits
  • 94.84%Equity capital to assets
  • 8.51%Core capital (leverage) ratio
  • 8.86%Tier 1 risk-based capital ratio
  • 12.07%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $29,088Average earning assets
  • $2,435Average equity
  • $26,684Average loans

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