Metrobank in Los Angeles, California (CA)

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Table of contents:
GeneralFDIC Certificate #: 22797
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Comerica Bank-California (#22894)
Federal Reserve ID: 280763
Date Established: January 16, 1979
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 8 (Interstate: No)
OTS Docket #: 9800
FDIC's unique #: 15920
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: January 16, 1979
Last Structure Change Effective Date: October 31, 1996
Last Structure Change Process Date: December 09, 1996
Last Data Update: December 09, 1996
Data Source Date: April 05, 2012
LocationAddress: 10900 Wilshire Boulevard, Los Angeles, CA 90080
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)
Financial SummaryTotal assets: $1,253.9 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$347
Cash and due from depository institutions$1,266,910
Interest-bearing balances$114,925
Federal funds sold & reverse repurchase agreements$224,747
Net loans & leases$200,000
Loan loss allowance $687,796
Trading account assets$10,650
Bank premises and fixed assets$5
Other real estate owned$3,073
Goodwill and other intangibles$15,494
All other assets$2,287
Life insurance assets$18,583
Total liabilities and capital$0
Total liabilities$1,266,910
Total deposits$1,187,122
Interest-bearing deposits$1,170,172
Deposits held in domestic offices$524,655
% insured (estimated)1170172.00%
Federal funds purchased & repurchase agreements $37
Trading liabilities$8,210
Other borrowed funds $0
Subordinated debt $0
All other liabilities $0
Total equity capital$8,740
Total bank equity capital$8,740
Perpetual preferred stock$79,788
Common stock$0
Undivided profits $45,798
Noncurrent loans and leases $33,990
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $12,706
Earning assets $4,161
Long-term assets (5+ years) $1,112,595
Average Assets, year-to-date $32,775
Average Assets, quarterly $1,199,514
Volatile liabilities $1,270,611
Insider loans $135,068
FHLB advances $14,283
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $224,954
Tier 2 risk-based capital $0
Total risk weighted assets $77,501
Total unused commitments $811,496
Restructured Loans and leases $0
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Income and Expense (December 31, 1995)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $89,500
Net interest income $21,949
Provision for loan and lease losses $67,551
Total noninterest income $5,442
Fiduciary activities $5,684
Service charges on deposit accounts $0
Trading account gains & fees $1,418
Additional noninterest income $20
Total noninterest expense $4,246
Salaries and employee benefits $51,848
Premises and equipment expense $20,211
Additional noninterest expense $5,847
Pre-tax net operating income $25,790
Securities gains (losses) $15,945
Applicable income taxes $636
Income before extraordinary items $5,940
Extraordinary gains - net $10,641
Net income attributable to bank $0
Net charge-offs $10,641
Cash dividends $13,599
Sale, conversion, retirement of capital stock, net $3,258
Net operating income $1,780
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Performance and Condition Ratios (December 31, 1995)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 8.51%
Net interest margin 2.09%
Noninterest income to earning assets 6.42%
Noninterest expense to earning assets 0.54%
Net operating income to assets 4.93%
Return on assets (ROA) 0.85%
Pretax return on assets 0.89%
Return on equity (ROE) 1.38%
Retained earnings to average equity (YTD only) 14.23%
Net charge-offs to loans 9.88%
Credit loss provision to net charge-offs 1.96%
Efficiency ratio40.02%
Assets per employee$70,586
Cash dividends to net income (YTD only)3.65%
Condition Ratios (%)
Loss allowance to loans 30.62%
Loss allowance to noncurrent loans 1.52%
Noncurrent assets plus other real estate owned to assets 83.82%
Noncurrent loans to loans 1.00%
Net loans and leases to deposits1.82%
Net loans and leases to core deposits 58.78%
Equity capital to assets 65.92%
Core capital (leverage) ratio 6.30%
Tier 1 risk-based capital ratio 6.59%
Total risk-based capital ratio 9.55%
Average assets$11
Average earning assets$1,199,514
Average equity $74,754
Average loans $1,051,747
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