National Business Bank in Torrance, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 1999

  • National Business Bank in Torrance, California (CA)
  • Show street view No street view available for this location

National Business Bank - Overview

  • General
  • FDIC Certificate #: 34850
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Calwest Bank (#26294)
    Federal Reserve ID: 2664451
    Date Established: November 03, 1998
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 61809
    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: November 03, 1998
    Last Structure Change Effective Date: December 31, 1999
    Last Structure Change Process Date: Febuary 09, 2000
    Last Data Update: Febuary 09, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 23550 Hawthorne Boulevard, Suite 100, Torrance, CA 90505
    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: $20.2 mil

Assets and Liabilities (December 31, 1998)

  • Dollar figures in thousands
  • 10Total employees (full-time equivalent)
  • $8,908Total assets
  • $428Cash and due from depository institutions
  • $0Interest-bearing balances
  • $172Securities
  • $7,050Federal funds sold & reverse repurchase agreements
  • $742Net loans & leases
  • $17Loan loss allowance
  • $0Trading account assets
  • $399Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $117All other assets
  • $8,908Total liabilities and capital
  • $4,184Total liabilities
  • $4,029Total deposits
  • $3,268Interest-bearing deposits
  • $4,029Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $155All other liabilities
  • $4,724Total equity capital
  • $4,724Total bank equity capital
  • $4,724Perpetual preferred stock
  • $0Common stock
  • $2,864Surplus
  • $2,803Undivided profits
  • Memoranda
  • $-943Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $4Average Assets, year-to-date
  • $7,964Average Assets, quarterly
  • $0Volatile liabilities
  • $8,908Insider loans
  • $8,908FHLB advances
  • $1,802Loans and leases held for sale
  • $5Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $230Total unused commitments
  • $0Restructured Loans and leases
  • $2,902Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $186Total interest income
  • $74Total interest expense
  • $112Net interest income
  • $17Provision for loan and lease losses
  • $0Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $1,036Total noninterest expense
  • $343Salaries and employee benefits
  • $202Premises and equipment expense
  • $491Additional noninterest expense
  • -$941Pre-tax net operating income
  • $0Securities gains (losses)
  • $2Applicable income taxes
  • -$943Income before extraordinary items
  • $0Extraordinary gains - net
  • -$943Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 2.34%Yield on earning assets
  • 0.93%Cost of funding earning assets
  • 1.41%Net interest margin
  • 0.00%Noninterest income to earning assets
  • 13.01%Noninterest expense to earning assets
  • -10.59%Net operating income to assets
  • -10.59%Return on assets (ROA)
  • -10.56%Pretax return on assets
  • -19.96%Return on equity (ROE)
  • -19.96%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 925,000Assets per employee
  • 0.89%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.24%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 18.42%Net loans and leases to core deposits
  • 33.32%Equity capital to assets
  • 53.03%Core capital (leverage) ratio
  • 60.40%Tier 1 risk-based capital ratio
  • 162.76%Total risk-based capital ratio
  • Memoranda
  • $163Average assets
  • $8,908Average earning assets
  • $4,724Average equity
  • $7,964Average loans

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