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


  • 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

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