PALM SPRINGS SAVINGS BANK, F.S.B. in Palm Springs, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 27, 1996

  • PALM SPRINGS SAVINGS BANK, F.S.B. in Palm Springs, California (CA)
  • Show street view No street view available for this location

PALM SPRINGS SAVINGS BANK, F.S.B. - Overview

  • General
  • FDIC Certificate #: 32086
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Hemet Federal Savings and Loan Association (#28795)
    Federal Reserve ID: 485278
    Date Established: January 01, 1980
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 7834
    FDIC's unique #: 44920
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: April 21, 1981
    Last Structure Change Effective Date: September 27, 1996
    Last Structure Change Process Date: November 07, 1996
    Last Data Update: November 07, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 420 South Palm Canyon Dr, Palm Springs, CA 92262
    County: Riverside
    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): Riverside-San Bernardino, CA (#6780)
    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): Riverside-San Bernardino-Ontario, CA (#40140)
    CBSA Metro Statistical Area: Riverside-San Bernardino-Ontario, CA (#40140)
  • Financial Summary
  • Total assets: $187.3 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
  • 0Total employees (full-time equivalent)
  • $79Total assets
  • $196,070Cash and due from depository institutions
  • $3,371Interest-bearing balances
  • $1,611Securities
  • $14,431Federal funds sold & reverse repurchase agreements
  • $5,300Net loans & leases
  • $165,390Loan loss allowance
  • $1,322Trading account assets
  • $0Bank premises and fixed assets
  • $1,382Other real estate owned
  • $2,541Goodwill and other intangibles
  • $3,655Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $196,070Total liabilities
  • $184,594Total deposits
  • $173,204Interest-bearing deposits
  • $158,864Deposits held in domestic offices
  • 173204.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $10,000Subordinated debt
  • $0All other liabilities
  • $1,390Total equity capital
  • $1,390Total bank equity capital
  • $11,476Perpetual preferred stock
  • $0Common stock
  • $2,827Surplus
  • $3,564Undivided profits
  • Memoranda
  • $5,085Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,873Income earned, not collected on loans
  • $1,026Earning assets
  • $186,732Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $195,041Average Assets, quarterly
  • $197,537Volatile liabilities
  • $36,236Insider loans
  • $64FHLB advances
  • $10,000Loans and leases held for sale
  • $0Unused loan commitments
  • $5,637Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $11,459Total risk weighted assets
  • $116,567Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $14,968Total interest expense
  • $8,391Net interest income
  • $6,577Provision for loan and lease losses
  • $620Total noninterest income
  • $1,666Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6Additional noninterest income
  • $1,660Total noninterest expense
  • $5,858Salaries and employee benefits
  • $2,610Premises and equipment expense
  • $1,621Additional noninterest expense
  • $1,627Pre-tax net operating income
  • $1,765Securities gains (losses)
  • $299Applicable income taxes
  • $861Income before extraordinary items
  • $1,203Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,203Net charge-offs
  • $816Cash dividends
  • $136Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.10%Cost of funding earning assets
  • 4.54%Net interest margin
  • 3.56%Noninterest income to earning assets
  • 0.90%Noninterest expense to earning assets
  • 3.17%Net operating income to assets
  • 0.52%Return on assets (ROA)
  • 0.62%Pretax return on assets
  • 1.06%Return on equity (ROE)
  • 11.06%Retained earnings to average equity (YTD only)
  • 9.81%Net charge-offs to loans
  • 0.47%Credit loss provision to net charge-offs
  • 75.98%Efficiency ratio
  • 71,066Assets per employee
  • 2.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 11.31%Loss allowance to loans
  • 0.79%Loss allowance to noncurrent loans
  • 34.13%Noncurrent assets plus other real estate owned to assets
  • 3.27%Noncurrent loans to loans
  • 2.32%Net loans and leases to deposits
  • 95.49%Net loans and leases to core deposits
  • 112.53%Equity capital to assets
  • 5.85%Core capital (leverage) ratio
  • 5.86%Tier 1 risk-based capital ratio
  • 9.83%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $195,041Average earning assets
  • $10,874Average equity
  • $184,830Average loans

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with PALM SPRINGS SAVINGS BANK, F.S.B..
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents