Opus Bank in Irvine, California (CA), WA
Overview, Financial Summary, Detailed Financial Reports, Branches

Opus Bank - Overview

  • General
  • FDIC Certificate #: 33806
    Status: Active
    Federal Reserve ID: 2047504
    Date Established: May 20, 1993
    WWW: http://www.opusbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 38 (Domestic: 38, Interstate: Yes)
    FDIC's unique #: 48089
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: May 20, 1993
    Last Structure Change Effective Date: November 08, 2011
    Last Structure Change Process Date: November 08, 2011
    Last Data Update: November 08, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 19900 Macarthur Blvd., 12th Floor, Irvine, CA 92612
    County: Los Angeles
    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): 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: $2,404.2 mil
    Equity capital: $499.0 mil
    Deposits held in domestic offices: $1,831.2 mil
    Return on assets (ROA): -1.43% (-$34.4 mil)
    Quarterly return on assets: 0.42% ($10.1 mil)
    Return on Equity (ROE): -5.38% (-$26.8 mil)
    Quarterly return on equity: 2.02% ($10.1 mil)
    Net income: -$22.5 mil
    Quarterly Net income: $2.3 mil
    Pretax return on assets: -1.42% (-$34,140.3 mil)
    Quarterly Pretax return on assets: 0.46% ($11,059.5 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, 2011)

  • Dollar figures in thousands
  • 550Total employees (full-time equivalent)
  • $2,404,245Total assets
  • $301,517Cash and due from depository institutions
  • $279,850Interest-bearing balances
  • $175,777Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,549,693Net loans & leases
  • $6,940Loan loss allowance
  • $0Trading account assets
  • $40,130Bank premises and fixed assets
  • $12,348Other real estate owned
  • $250,981Goodwill and other intangibles
  • $2,404,245Life insurance assets
  • $73,799All other assets
  • $1,905,251Total liabilities and capital
  • $1,831,213Total liabilities
  • $1,558,400Total deposits
  • $1,831,213Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $42,369Trading liabilities
  • $18,558Other borrowed funds
  • $13,111Subordinated debt
  • $498,994All other liabilities
  • $498,994Total equity capital
  • $498,994Total bank equity capital
  • $106,908Perpetual preferred stock
  • $418,043Common stock
  • $29,632Surplus
  • $-55,589Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $21,715Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $44,909Income earned, not collected on loans
  • $0Earning assets
  • $7,325Long-term assets (5+ years)
  • $2,005,320Average Assets, year-to-date
  • $559,379Average Assets, quarterly
  • $1,573,008Volatile liabilities
  • $2,140,538Insider loans
  • $1,521,697FHLB advances
  • $2,016,244Loans and leases held for sale
  • $34,553Unused loan commitments
  • $14,038Tier 1 (core) risk-based capital
  • $248,004Tier 2 risk-based capital
  • $20,515Total risk weighted assets
  • $0Total unused commitments
  • $119,837Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $50,629Total interest income
  • $4,864Total interest expense
  • $45,765Net interest income
  • $6,381Provision for loan and lease losses
  • $7,501Total noninterest income
  • $0Fiduciary activities
  • $1,906Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5,595Additional noninterest income
  • $69,162Total noninterest expense
  • $41,705Salaries and employee benefits
  • $6,376Premises and equipment expense
  • $21,081Additional noninterest expense
  • -$22,277Pre-tax net operating income
  • -$5Securities gains (losses)
  • $204Applicable income taxes
  • -$22,486Income before extraordinary items
  • $0Extraordinary gains - net
  • -$22,486Net income attributable to bank
  • $0Net charge-offs
  • -$22,486Cash dividends
  • $175Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.74%Yield on earning assets
  • 0.36%Cost of funding earning assets
  • 3.38%Net interest margin
  • 0.55%Noninterest income to earning assets
  • 5.11%Noninterest expense to earning assets
  • -1.43%Net operating income to assets
  • -1.43%Return on assets (ROA)
  • -1.42%Pretax return on assets
  • -5.38%Return on equity (ROE)
  • -5.38%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 3646.29%Credit loss provision to net charge-offs
  • -90.83%Efficiency ratio
  • 127,712Assets per employee
  • 4.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.45%Loss allowance to noncurrent loans
  • 15.45%Noncurrent assets plus other real estate owned to assets
  • 2.38%Noncurrent loans to loans
  • 2.89%Net loans and leases to deposits
  • 84.63%Net loans and leases to core deposits
  • 89.97%Equity capital to assets
  • 20.75%Core capital (leverage) ratio
  • 12.30%Tier 1 risk-based capital ratio
  • 16.30%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $1,573,008Average earning assets
  • $418,012Average equity
  • $1,353,977Average loans

List of branches

  • 16 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    048089Opus Bank19900 Macarthur Blvd., 12th Floor, Irvine, CA 92612May 20, 1993Full Service Brick and Mortar
    316739Peninsula Branch395 Silver Spur Road, Rolling Hills Estates, CA 90274July 09, 1982Full Service Brick and Mortar
    4256875San Pedro Branch28902 Southwestern Avenue, San Pedro, CA 90731Febuary 25, 1991Full Service Brick and Mortar
    632701Torrance Branch23550 Hawthorne Boulevard, Suite 100, Torrance, CA 90505June 17, 1985Full Service Brick and Mortar
    7461673Manhattan Beach3005 N. Sepulveda Boulevard, Manhattan Beach, CA 90266Febuary 20, 2007Full Service Brick and Mortar
    30522018Beverly Hills Branch192 N. Canon Drive, Beverly Hills, CA 90210July 25, 2011Full Service Brick and Mortar
    31522055Crystal Cove Branch7776 & 7780 East Coast Highway, Newport Coast, CA 92657August 08, 2011Full Service Brick and Mortar
    32526388Corona Del Mar Branch3748 E. Coast Highway, Corona Del Mar, CA 92625October 17, 2011Full Service Brick and Mortar
    3341283Fullerton Community Bank Branch200 West Commonwealth Avenue, Fullerton, CA 92832January 01, 1927Full Service Brick and Mortar
    342676971204 Yorba Linda Blvd Branch1204 E Yorba Linda Blvd, Placentia, CA 92870January 01, 1927Full Service Brick and Mortar
    352676982310 East Lincoln Avenue Branch2310 East Lincoln Avenue, Anaheim, CA 92806January 01, 1927Full Service Brick and Mortar
    3626770312860 Euclid Avenue Branch12860 Euclid Street, Garden Grove, CA 92840January 01, 1927Full Service Brick and Mortar
    372677061805 W Orangethorpe Branch1805 W Orangethorpe Ave, Fullerton, CA 92833January 01, 1927Full Service Brick and Mortar
    382677072400 E Chapman Av Branch2400 E Chapman Ave, Fullerton, CA 92831January 01, 1927Full Service Brick and Mortar
    39267709Brea Branch750-A N. Brea Blvd, Brea, CA 92821May 12, 1997Full Service Brick and Mortar
    40356918Fullerton Office100 Laguna Road, Suite 100, Fullerton, CA 92835August 16, 1999Full Service Brick and Mortar
  • 22 Washington Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    841657Cascade Bank Branch2828 Colby Avenue, Everett, WA 98201January 01, 1916Full Service Brick and Mortar
    9270854Lynnwood Branch19419 Hwy 99, Lynnwood, WA 98036January 01, 1916Full Service Brick and Mortar
    10270855Marysville Branch815 State St, Marysville, WA 98270January 01, 1916Full Service Brick and Mortar
    11270858Bellevue Branch200 108th Ave Ne, Bellevue, WA 98004January 01, 1916Full Service Brick and Mortar
    12270861Front Street Branch305 Front Street North, Issaquah, WA 98027June 30, 1989Full Service Brick and Mortar
    13270863Smokey Point Branch3532 172nd Street Northeast, Arlington, WA 98223March 01, 1995Full Service Retail
    1417588Evergreen Way Branch6920 Evergreen Way, Everett, WA 98203September 17, 1984Full Service Brick and Mortar
    15258152Broadway Branch2602 Broadway, Everett, WA 98201August 18, 1986Full Service Brick and Mortar
    16258153Harbour Pointe Branch11700 Mukilteo Speedway, Mukilteo, WA 98275August 27, 1990Full Service Retail
    17258154Clearview Branch17512 Sr 9 Se, Snohomish, WA 98296January 23, 1995Full Service Brick and Mortar
    18362709Crossroads Branch15751 Ne 15th St., Bellevue, WA 98008August 09, 2001Full Service Retail
    19362755Lake Stevens8915 Market Place, Everett, WA 98206December 07, 1999Full Service Retail
    20362756North Marysville3711 88th St. Ne, Marysville, WA 98270April 25, 2000Full Service Retail
    21362757Woodinville17641 Garden Way, Ne, Woodinville, WA 98072September 14, 1999Full Service Retail
    22422318Pine Lake Branch2902 228th Ave Se, Issaquah, WA 98075November 06, 2002Full Service Retail
    23430047Snohomish Branch1101 Avenue D, Building B, Snohomish, WA 98290June 30, 2004Full Service Brick and Mortar
    2448030Issaquah Branch1055 Northwest Maple Avenue, Issaquah, WA 98027March 08, 1993Full Service Brick and Mortar
    25289869North Bend Branch139 North Bend Boulevard, North Bend, WA 98045January 27, 1997Full Service Brick and Mortar
    26440201Silver Lake Branch10530 19th Avenue Se, Everett, WA 98208May 03, 2005Full Service Brick and Mortar
    27466392Shoreline Branch15225 Aurora Ave N, Shoreline, WA 98133June 06, 2007Full Service Brick and Mortar
    28478976Burlington Branch822 S Burlington Blvd, Burlington, WA 98233May 01, 2008Full Service Brick and Mortar
    29492450Edmonds Branch437 Fifth Avenue South, Edmonds, WA 98020May 07, 2009Full Service Brick and Mortar

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