Nara Bank in Los Angeles, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 01, 2011

  • Nara Bank in Los Angeles, California (CA)
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Nara Bank - Overview

  • General
  • FDIC Certificate #: 27530
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: BBCN Bank (#26610)
    Federal Reserve ID: 1398580
    Date Established: June 16, 1989
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 25 (Interstate: No)
    FDIC's unique #: 40263
    Numeric code: 13
    Regulator: FED
    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: June 16, 1989
    Last Structure Change Effective Date: December 01, 2011
    Last Structure Change Process Date: December 12, 2011
    Last Data Update: December 12, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 3731 Wilshire Boulevard, Suite 1000, Los Angeles, CA 90010
    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 Summary
  • Total assets: $3,013.5 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, 2010)

  • Dollar figures in thousands
  • 376Total employees (full-time equivalent)
  • $2,959,299Total assets
  • $172,427Cash and due from depository institutions
  • $148,511Interest-bearing balances
  • $528,262Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $2,112,352Net loans & leases
  • $62,320Loan loss allowance
  • $0Trading account assets
  • $9,879Bank premises and fixed assets
  • $1,581Other real estate owned
  • $5,252Goodwill and other intangibles
  • $24,117Life insurance assets
  • $129,546All other assets
  • $2,959,299Total liabilities and capital
  • $2,576,027Total liabilities
  • $2,187,864Total deposits
  • $1,787,383Interest-bearing deposits
  • $2,187,864Deposits held in domestic offices
  • 69.86%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $361,758Other borrowed funds
  • $0Subordinated debt
  • $26,405All other liabilities
  • $383,272Total equity capital
  • $383,272Total bank equity capital
  • $383,272Perpetual preferred stock
  • $0Common stock
  • $16,386Surplus
  • $196,006Undivided profits
  • Memoranda
  • $170,880Noncurrent loans and leases
  • $205,753Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $46,303Earning assets
  • $0Long-term assets (5+ years)
  • $8,648Average Assets, year-to-date
  • $2,789,125Average Assets, quarterly
  • $727,823Volatile liabilities
  • $3,028,006Insider loans
  • $2,970,610FHLB advances
  • $398,300Loans and leases held for sale
  • $0Unused loan commitments
  • $350,000Tier 1 (core) risk-based capital
  • $100,000Tier 2 risk-based capital
  • $26,927Total risk weighted assets
  • $205,753Total unused commitments
  • $35,103Restructured Loans and leases
  • $28,895Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $150,423Total interest income
  • $40,200Total interest expense
  • $110,223Net interest income
  • $84,630Provision for loan and lease losses
  • $17,755Total noninterest income
  • $0Fiduciary activities
  • $6,548Service charges on deposit accounts
  • $0Trading account gains & fees
  • $11,207Additional noninterest income
  • $60,780Total noninterest expense
  • $25,113Salaries and employee benefits
  • $12,511Premises and equipment expense
  • $23,156Additional noninterest expense
  • -$17,432Pre-tax net operating income
  • $6,396Securities gains (losses)
  • -$5,759Applicable income taxes
  • -$5,277Income before extraordinary items
  • $0Extraordinary gains - net
  • -$5,277Net income attributable to bank
  • $0Net charge-offs
  • -$5,277Cash dividends
  • $81,734Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.29%Yield on earning assets
  • 1.41%Cost of funding earning assets
  • 3.87%Net interest margin
  • 0.62%Noninterest income to earning assets
  • 2.14%Noninterest expense to earning assets
  • -0.31%Net operating income to assets
  • -0.17%Return on assets (ROA)
  • -0.36%Pretax return on assets
  • -1.38%Return on equity (ROE)
  • -1.38%Retained earnings to average equity (YTD only)
  • 3.72%Net charge-offs to loans
  • 103.54%Credit loss provision to net charge-offs
  • 0.82%Efficiency ratio
  • 47,096Assets per employee
  • 7.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.87%Loss allowance to noncurrent loans
  • 134.59%Noncurrent assets plus other real estate owned to assets
  • 1.62%Noncurrent loans to loans
  • 2.13%Net loans and leases to deposits
  • 96.55%Net loans and leases to core deposits
  • 113.18%Equity capital to assets
  • 12.95%Core capital (leverage) ratio
  • 12.28%Tier 1 risk-based capital ratio
  • 16.01%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $3,028,006Average earning assets
  • $382,053Average equity
  • $2,845,288Average loans

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