Mechanics National Bank in Paramount, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 1994

  • Mechanics National Bank in Paramount, California (CA)
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Mechanics National Bank - Overview

  • General
  • FDIC Certificate #: 19367
    Status: Inactive
    Closing history: Office Sold
    Acquiring institution: California United Bank (#16945)
    Federal Reserve ID: 831361
    Date Established: Febuary 04, 1965
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 8 (Interstate: No)
    FDIC's unique #: 13175
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: Febuary 04, 1965
    Last Structure Change Effective Date: April 01, 1994
    Last Structure Change Process Date: May 03, 1994
    Last Data Update: May 03, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 15943 Paramount Boulevard, Paramount, CA 90723
    County: Los Angeles
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Los Angeles (North)
    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
  • Absorption - Assisted
    Corrections
    Office Sold
  • Financial Summary
  • Total assets: $148.7 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $177Total assets
  • $148,713Cash and due from depository institutions
  • $8,114Interest-bearing balances
  • $0Securities
  • $7,326Federal funds sold & reverse repurchase agreements
  • $5,000Net loans & leases
  • $102,700Loan loss allowance
  • $8,682Trading account assets
  • $0Bank premises and fixed assets
  • $4,377Other real estate owned
  • $16,037Goodwill and other intangibles
  • $5,159Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $148,713Total liabilities
  • $152,310Total deposits
  • $148,881Interest-bearing deposits
  • $121,887Deposits held in domestic offices
  • 148881.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,508Subordinated debt
  • $1,121All other liabilities
  • $800Total equity capital
  • $800Total bank equity capital
  • $-3,597Perpetual preferred stock
  • $166Common stock
  • $7,289Surplus
  • $5,306Undivided profits
  • Memoranda
  • $-16,358Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $28,376Income earned, not collected on loans
  • $239Earning assets
  • $115,026Long-term assets (5+ years)
  • $6,353Average Assets, year-to-date
  • $200,612Average Assets, quarterly
  • $170,099Volatile liabilities
  • $8,111Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $1,754Unused loan commitments
  • $10,960Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-3,763Total risk weighted assets
  • $129,036Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $13,259Total interest expense
  • $5,407Net interest income
  • $7,852Provision for loan and lease losses
  • $9,444Total noninterest income
  • $5,901Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,856Trading account gains & fees
  • $0Additional noninterest income
  • $4,045Total noninterest expense
  • $21,922Salaries and employee benefits
  • $8,324Premises and equipment expense
  • $2,295Additional noninterest expense
  • $11,303Pre-tax net operating income
  • -$17,613Securities gains (losses)
  • $220Applicable income taxes
  • -$137Income before extraordinary items
  • -$17,256Extraordinary gains - net
  • $0Net income attributable to bank
  • -$17,256Net charge-offs
  • $8,129Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.29%Cost of funding earning assets
  • 3.38%Net interest margin
  • 4.91%Noninterest income to earning assets
  • 3.69%Noninterest expense to earning assets
  • 13.71%Net operating income to assets
  • -8.71%Return on assets (ROA)
  • -8.60%Pretax return on assets
  • -8.67%Return on equity (ROE)
  • -240.53%Retained earnings to average equity (YTD only)
  • -240.53%Net charge-offs to loans
  • 5.64%Credit loss provision to net charge-offs
  • 116.18%Efficiency ratio
  • 159,398Assets per employee
  • 0.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 7.79%Loss allowance to noncurrent loans
  • 30.60%Noncurrent assets plus other real estate owned to assets
  • 29.86%Noncurrent loans to loans
  • 25.48%Net loans and leases to deposits
  • 68.98%Net loans and leases to core deposits
  • 72.90%Equity capital to assets
  • -2.42%Core capital (leverage) ratio
  • -2.14%Tier 1 risk-based capital ratio
  • -2.92%Total risk-based capital ratio
  • Memoranda
  • -$3Average assets
  • $200,612Average earning assets
  • $7,174Average equity
  • $159,929Average loans

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