OneWest Bank, FSB in Pasadena, California (CA)



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OneWest Bank, FSB
GeneralFDIC Certificate #: 58978
Status: Active
Federal Reserve ID: 3918898
Date Established: March 19, 2009
WWW: http://www.owb.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 79 (Domestic: 79, Interstate: No)
OTS Docket #: 18129
FDIC's unique #: 489490
Numeric code: 37
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: All Other Specialization > 1 Billion
Date of Deposit Insurance: March 19, 2009
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
LocationAddress: 888 E. Walnut Street, Pasadena, CA 91101
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 ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $26,181.3 mil
Equity capital: $4,117.0 mil
Deposits held in domestic offices: $15,408.4 mil
Return on assets (ROA): 0.58% ($151.8 mil)
Quarterly return on assets: 0.53% ($138.8 mil)
Return on Equity (ROE): 3.69% ($151.9 mil)
Quarterly return on equity: 3.48% ($143.3 mil)
Net income: $154.8 mil
Quarterly Net income: $35.7 mil
Pretax return on assets: 0.93% ($243,485.8 mil)
Quarterly Pretax return on assets: 0.86% ($225,158.9 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)2,948
Total assets$26,181,267
Cash and due from depository institutions$4,013,069
Interest-bearing balances$3,933,837
Securities$717,341
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$14,888,611
Loan loss allowance $84,840
Trading account assets$70,418
Bank premises and fixed assets$54,182
Other real estate owned$274,186
Goodwill and other intangibles$538,167
All other assets$5,625,293
Life insurance assets$26,181,267
Total liabilities and capital$22,064,287
Total liabilities$15,408,377
Total deposits$15,140,198
Interest-bearing deposits$15,408,377
Deposits held in domestic offices$96
% insured (estimated)100000.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$5,447,913
Other borrowed funds $0
Subordinated debt $1,107,997
All other liabilities $4,116,980
Total equity capital$4,116,980
Total bank equity capital$4,116,980
Perpetual preferred stock$0
Common stock$10,000
Surplus$1,568,404
Undivided profits $2,538,576
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,885,986
Earning assets $0
Long-term assets (5+ years) $63,457
Average Assets, year-to-date $19,610,207
Average Assets, quarterly $0
Volatile liabilities $26,775,768
Insider loans $26,786,098
FHLB advances $9,442,474
Loans and leases held for sale $25,788,308
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $3,747,969
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $691,979
Derivatives$15,085
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,104,799
Total interest expense $316,133
Net interest income $788,666
Provision for loan and lease losses $32,479
Total noninterest income $243,647
Fiduciary activities $0
Service charges on deposit accounts $5,307
Trading account gains & fees -$226,119
Additional noninterest income $464,459
Total noninterest expense $748,938
Salaries and employee benefits $306,456
Premises and equipment expense $71,315
Additional noninterest expense $371,167
Pre-tax net operating income $250,896
Securities gains (losses) -$1,189
Applicable income taxes $94,885
Income before extraordinary items $154,822
Extraordinary gains - net $0
Net income attributable to bank $154,822
Net charge-offs $0
Cash dividends $154,822
Sale, conversion, retirement of capital stock, net -$4,000
Net operating income $281,000
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.45%
Cost of funding earning assets 1.56%
Net interest margin 3.89%
Noninterest income to earning assets 1.20%
Noninterest expense to earning assets 3.70%
Net operating income to assets 0.58%
Return on assets (ROA) 0.58%
Pretax return on assets 0.93%
Return on equity (ROE) 3.69%
Retained earnings to average equity (YTD only) -3.01%
Net charge-offs to loans -0.03%
Credit loss provision to net charge-offs -811.98%
Efficiency ratio0.00%
Assets per employee$69,716
Cash dividends to net income (YTD only)8.88%
Condition Ratios (%)
Loss allowance to loans 181.50%
Loss allowance to noncurrent loans 0.57%
Noncurrent assets plus other real estate owned to assets 4.50%
Noncurrent loans to loans 8.25%
Net loans and leases to deposits12.60%
Net loans and leases to core deposits 96.63%
Equity capital to assets 102.14%
Core capital (leverage) ratio 15.72%
Tier 1 risk-based capital ratio 14.81%
Total risk-based capital ratio 39.69%
Memoranda
Average assets$41
Average earning assets$26,775,768
Average equity $4,190,196
Average loans $20,264,681
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$18,563
Number of Accounts1
Personal trust and agency accounts$18,381
Employee benefit-defined contribution accounts$7,374
Employee benefit-defined benefit accounts$25
Other retirement accounts$816
Corporate trust and agency accounts$1,371
Investment management agency accounts$0
Other fiduciary accounts$8,795
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts64
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$182
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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79 California Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0489490Onewest Bank, Fsb888 E. Walnut Street, Pasadena, CA 91101March 19, 2009Full Service Brick and Mortar
22769872233 So. Hacienda Blvd. Branch2233 S. Hacienda Blvd., Hacienda Heights, CA 91745July 06, 1936Full Service Brick and Mortar
32769882111 Bonita Avenue Branch2111 Bonita Avenue, La Verne, CA 91750July 06, 1936Full Service Brick and Mortar
4276989220 No. Hacienda Blvd. Branch220 N. Hacienda Blvd., City Of Industry, CA 91744July 06, 1936Full Service Brick and Mortar
5276990One East Foothill Blvd. BranchOne East Foothill Blvd., Arcadia, CA 91006June 30, 1987Full Service Brick and Mortar
6276992Barranca Branch225 North Barranca Street, West Covina, CA 91791December 01, 1984Full Service Brick and Mortar
72769931413 Foothill Boulevard Branch1413 Foothill Boulevard, La Verne, CA 91750March 31, 1997Full Service Brick and Mortar
8276994East Huntington Drive Branch1475 Huntington Drive, Duarte, CA 91010Febuary 24, 1997Full Service Brick and Mortar
9362829Covina Branch144 North Second Ave, Covina, CA 91723January 01, 1992Full Service Brick and Mortar
10432024Monterey Park Branch2088 South Atlantic Boulevard, Monterey Park, CA 91754May 10, 2004Full Service Brick and Mortar
11432025Whittier Branch14870 East Whittier Blvd Ste B, Whittier, CA 90605April 28, 2004Full Service Brick and Mortar
12432026Northridge Branch8726 Tampa Avenue, Northridge, CA 91324August 30, 2004Full Service Brick and Mortar
13477899Manhattan Beach Branch1570 Rosecrans Ave. Suite F, Manhattan Beach, CA 90266June 27, 2005Full Service Brick and Mortar
14477900Encino Branch17050 Ventura Blvd, Encino, CA 91316May 03, 2005Full Service Brick and Mortar
15477939Buena Park Branch5401 Beach Blvd, Buena Park, CA 90621March 07, 2005Full Service Brick and Mortar
16477940Torrance Branch2501 Pacific Coast Hwy, Torrance, CA 90505July 11, 2005Full Service Brick and Mortar
17477941Long Beach Branch6620 E. Pacific Coast Hwy, Long Beach, CA 90803Febuary 20, 2004Full Service Brick and Mortar
18477942Camarill0 Branch2245 Ventura Blvd, Camarillo, CA 93010December 28, 2004Full Service Brick and Mortar
19477943Glendale Branch1111 N. Brand Blvd Ste A, Glendale, CA 91202Febuary 28, 2005Full Service Brick and Mortar
20477944Costa Mesa Branch462 E 17th St, Costa Mesa, CA 92627March 14, 2005Full Service Brick and Mortar
21477945Tustin Branch535 E. Main St. Unit # C, Tustin, CA 92780July 15, 2005Full Service Brick and Mortar
22477946Ventura Branch4360 E. Main St. Suite D, Ventura, CA 93003September 19, 2005Full Service Brick and Mortar
23477947Burbank Branch1001 N. San Fernando Blvd Ste 150, Burbank, CA 91504October 31, 2005Full Service Brick and Mortar
24477948Chino Hills Branch3410 Grand Ave., Suite A, Chino Hills, CA 91709October 24, 2005Full Service Brick and Mortar
25477949Laguna Hills Branch24191 Paseo De Valencia, Suite A, Laguna Woods, CA 92637December 05, 2005Full Service Brick and Mortar
26477950Downey Branch12148 Lakewood Blvd, Downey, CA 90241November 21, 2005Full Service Brick and Mortar
27477951Artesia Branch11660 South St. Suite 101, Artesia, CA 90701November 06, 2006Full Service Brick and Mortar
28477952Huntington Beach Branch7061 Yorktown Avenue Suite 103, Huntington Beach, CA 92648July 24, 2006Full Service Brick and Mortar
29477953Mission Viejo Branch28311 Marguerite Parkway Ste B, Mission Viejo, CA 92692March 19, 2007Full Service Brick and Mortar
30477954Santa Monica Branch805 Wilshire Blvd., Santa Monica, CA 90401June 18, 2007Full Service Brick and Mortar
31477955San Marino Branch900 E. Huntington Dr., San Marino, CA 91108October 19, 2006Full Service Brick and Mortar
32478302Irvine Branch5791 Alton Parkway, Irvine, CA 92618July 11, 2008Full Service Brick and Mortar
33478303Thousand Oaks Branch215 E. Thousand Oaks Blvd., Thousand Oaks, CA 91360July 11, 2008Full Service Brick and Mortar
3441370First Federal Bank Branch401 Wilshire Boulevard, Santa Monica, CA 90401January 01, 1929Full Service Brick and Mortar
3626824211310 National Boulevard Branch11310 National Boulevard, Los Angeles, CA 90064January 01, 1929Full Service Brick and Mortar
372682432827 Main Street Branch2827 Main Street, Santa Monica, CA 90405January 01, 1929Full Service Brick and Mortar
382682445573 South Sepulveda Blvd Branch5573 Sepulveda Boulevard, Culver City, CA 90230January 01, 1929Full Service Brick and Mortar
39268245351 South Vermont Ave Branch351 South Vermont Ave, Los Angeles, CA 90020January 01, 1929Full Service Brick and Mortar
40268246Ocean Park Blvd Branch1750 Ocean Park Blvd, Santa Monica, CA 90405January 01, 1929Full Service Brick and Mortar
412682479311 W Pico Blvd Branch9618 W Pico Blvd Ste 504, Los Angeles, CA 90035January 01, 1929Full Service Brick and Mortar
4226824815135 Sunset Blvd Branch15135 Sunset Blvd, Pacific Palisades, CA 90272January 01, 1929Full Service Brick and Mortar
452682541630 Montana Ave Branch1630 Montana Ave, Santa Monica, CA 90403January 01, 1929Full Service Brick and Mortar
462848623500 East 7th Street Branch3500 East 7th Street, Long Beach, CA 90804January 01, 1963Full Service Brick and Mortar
4728486618585 Ventura Boulevard Branch18585 Ventura Boulevard, Tarzana, CA 91356January 01, 1963Full Service Brick and Mortar
48266522Hermosa Beach Branch1100 Pacific Coast Highway, Hermosa Beach, CA 90254January 01, 1889Full Service Brick and Mortar
49266525Agoura Branch5701 North Kanan Road, Agoura, CA 91301January 01, 1889Full Service Brick and Mortar
50266537Bel Air Branch2920 North Beverly Glen Circle, Los Angeles, CA 90077June 30, 1986Full Service Brick and Mortar
51266539Pacific Palisades Branch17361 Sunset Blvd, Pacific Palisades, CA 90272June 30, 1986Full Service Brick and Mortar
52268255North La Brea Avenue Branch400 North La Brea Avenue, Los Angeles, CA 90036June 17, 1990Full Service Brick and Mortar
53273884Westchester Branch8750 South Sepulveda Boulevard, Los Angeles, CA 90045November 01, 1934Full Service Brick and Mortar
55268257Brentwood Branch12401 Wilshire Blvd., Los Angeles, CA 90025March 01, 1992Full Service Brick and Mortar
56268258Marina Branch13405 Washington Boulevard, Marina Del Rey, CA 90292March 01, 1992Full Service Brick and Mortar
572817658653 Beverly Boulevard Branch8653 Beverly Boulevard, West Hollywood, CA 90048May 07, 1954Full Service Brick and Mortar
5828177910784 Jefferson Blvd Branch10784 Jefferson Blvd, Culver City, CA 90230May 07, 1954Full Service Brick and Mortar
5944815Del Amo Savings Bank Branch3422 W Carson Street, Torrance, CA 90503January 01, 1977Full Service Brick and Mortar
602863872177 Pacific Coast Highway Branch2177 Pacific Coast Highway, Lomita, CA 90717January 01, 1977Full Service Brick and Mortar
6144900Redondo Beach Branch2233 Artesia Boulevard, Redondo Beach, CA 90278January 01, 1978Full Service Brick and Mortar
62286627East Torrance Branch1513 West Sepulveda Blvd Ste B2, Torrance, CA 90501January 01, 1978Full Service Brick and Mortar
634640325701 South Eastern Ave.5701 South Eastern Ave. Ste 108, Commerce, CA 90040November 27, 2005Full Service Brick and Mortar
6446403330019 Hawthorne Blvd.30019 Hawthorne Blvd., Rancho Palos Verdes, CA 90275March 13, 2006Full Service Retail
65491891Chatsworth Branch20505 Devonshire Street, Chatsworth, CA 91311Febuary 11, 2008Full Service Brick and Mortar
66491892Westlake Village Branch3835 E. Thousand Oaks Blvd, Westlake Village, CA 91362May 27, 2008Full Service Brick and Mortar
67491893Mission Viejo Branch23072 Alicia Parkway, Mission Viejo, CA 92692Febuary 29, 2008Full Service Retail
68491894Irvine Branch3947 Irvine Boulevard, Irvine, CA 92602June 04, 2008Full Service Brick and Mortar
69491895Buena Park Branch7872 Valley View Street, Buena Park, CA 90620June 30, 2008Full Service Brick and Mortar
70495183Hastings Ranch Branch3809 E Foothill Blvd, Pasadena, CA 91107March 05, 2007Full Service Brick and Mortar
71495184Thousand Oaks Branch475 E Avenida De Los Arboles, Thousand Oaks, CA 91360November 17, 2008Full Service Brick and Mortar
72495188Anaheim State College Branch704 S State College Blvd, Anaheim, CA 92806November 05, 2008Full Service Brick and Mortar
7345257La Jolla Bank Branch888 Prospect Street, La Jolla, CA 92037December 05, 1985Full Service Brick and Mortar
74287966Rancho Santa Fe Branch6009 Paseo Delicias, Suite A, Rancho Santa Fe, CA 92091June 30, 1987Full Service Brick and Mortar
75287108Escondido Branch390 West Valley Parkway, Escondido, CA 92025June 30, 1988Full Service Brick and Mortar
7644891Alicia Town Center Branch25624 Alicia Pkwy, Laguna Hills, CA 92653January 01, 1979Full Service Brick and Mortar
77287967Indian Wells Branch74990 Hwy 111, Indian Wells, CA 92210December 01, 1989Full Service Brick and Mortar
80503112La Quinta Branch78010 Main St Ste 100, La Quinta, CA 92253May 17, 2004Full Service Brick and Mortar
81503113Palm Desert Branch44495 Town Center Way Ste A, Palm Desert, CA 92260June 01, 2005Full Service Brick and Mortar
82503114Newport Beach Branch100 Newport Center Dr Suite 150, Newport Beach, CA 92660June 30, 2005Full Service Brick and Mortar
83519363Riviera Village1870 S. Elena Ave., Redondo Beach, CA 90277May 17, 2010Full Service Brick and Mortar
84522115Cbg-Telebank Branch155 N. Lake Avenue, Pasadena, CA 91101July 01, 2010Full Service Cyber
85522116Beverly Hills Branch9550 S. Santa Monica Blvd, Beverly Hills, CA 90210July 26, 2010Full Service Brick and Mortar
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