FDIC Certificate #: 57893 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Sunwest Bank (#20164) Federal Reserve ID: 3322561 Date Established: Febuary 07, 2005 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 429371 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: Febuary 07, 2005 Last Structure Change Effective Date: June 26, 2009 Last Structure Change Process Date: June 29, 2009 Last Data Update: June 29, 2009 Data Source Date: April 05, 2012
Location
Address: 18831 Von Karman Avenue, Suite 101, Irvine, CA 92612 County: Orange 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): Orange County, CA (#5945) 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: Santa Ana-Anaheim-Irvine, CA (#42044)
Financial Summary
Total assets: $75.3 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2008)
Dollar figures in thousands
24Total employees (full-time equivalent)
$77,393Total assets
$2,672Cash and due from depository institutions
$1,722Interest-bearing balances
$3,338Securities
$6,560Federal funds sold & reverse repurchase agreements
$60,701Net loans & leases
$4,821Loan loss allowance
$0Trading account assets
$368Bank premises and fixed assets
$2,901Other real estate owned
$176Goodwill and other intangibles
$0Life insurance assets
$677All other assets
$77,393Total liabilities and capital
$72,224Total liabilities
$69,690Total deposits
$64,912Interest-bearing deposits
$69,690Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,920Other borrowed funds
$0Subordinated debt
$614All other liabilities
$5,169Total equity capital
$5,169Total bank equity capital
$5,169Perpetual preferred stock
$0Common stock
$14,883Surplus
$0Undivided profits
Memoranda
$-9,714Noncurrent loans and leases
$7,155Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$11,485Earning assets
$1,828Long-term assets (5+ years)
$292Average Assets, year-to-date
$72,321Average Assets, quarterly
$5,486Volatile liabilities
$70,322Insider loans
$77,164FHLB advances
$31,705Loans and leases held for sale
$988Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,971Total risk weighted assets
$7,155Total unused commitments
$0Restructured Loans and leases
$817Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$4,343Total interest income
$2,350Total interest expense
$1,993Net interest income
$4,453Provision for loan and lease losses
$477Total noninterest income
$0Fiduciary activities
$28Service charges on deposit accounts
$0Trading account gains & fees
$449Additional noninterest income
$3,760Total noninterest expense
$2,136Salaries and employee benefits
$489Premises and equipment expense
$1,135Additional noninterest expense
-$5,743Pre-tax net operating income
$0Securities gains (losses)
$1Applicable income taxes
-$5,744Income before extraordinary items
$0Extraordinary gains - net
-$5,744Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$882Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.47%Yield on earning assets
3.50%Cost of funding earning assets
2.97%Net interest margin
0.71%Noninterest income to earning assets
5.60%Noninterest expense to earning assets
-8.17%Net operating income to assets
-8.17%Return on assets (ROA)
-8.17%Pretax return on assets
-61.93%Return on equity (ROE)
-61.93%Retained earnings to average equity (YTD only)
1.47%Net charge-offs to loans
504.88%Credit loss provision to net charge-offs
-1.46%Efficiency ratio
152,227Assets per employee
3.22%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
7.36%Loss allowance to noncurrent loans
41.98%Noncurrent assets plus other real estate owned to assets
18.59%Noncurrent loans to loans
17.53%Net loans and leases to deposits
87.10%Net loans and leases to core deposits
152.11%Equity capital to assets
6.68%Core capital (leverage) ratio
6.28%Tier 1 risk-based capital ratio
8.30%Total risk-based capital ratio
Memoranda
$10Average assets
$70,322Average earning assets
$9,275Average equity
$67,086Average loans
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