Pacific City Bank in Los Angeles, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Pacific City Bank in Los Angeles, California (CA)
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Pacific City Bank - Overview

  • General
  • FDIC Certificate #: 57463
    Status: Active
    Federal Reserve ID: 3212402
    Bank Holding Company (Regulatory Top Holder): Pacific City Financial Corporation (RSSDID: 3595084, Location: Los Angeles, CA)
    Date Established: September 18, 2003
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    FDIC's unique #: 363895
    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: September 18, 2003
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 3701 Wilshire Boulevard, Suite 100, Los Angeles, CA 90010
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $546.0 mil
    Equity capital: $61.2 mil
    Deposits held in domestic offices: $482.3 mil
    Return on assets (ROA): 0.21% ($1.1 mil)
    Quarterly return on assets: 0.51% ($2.8 mil)
    Return on Equity (ROE): 1.92% ($1.2 mil)
    Quarterly return on equity: 4.52% ($2.8 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 0.21% ($1,146.7 mil)
    Quarterly Pretax return on assets: 0.51% ($2,784.8 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
  • 122Total employees (full-time equivalent)
  • $546,047Total assets
  • $110,911Cash and due from depository institutions
  • $96,684Interest-bearing balances
  • $3,122Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $420,935Net loans & leases
  • $15,308Loan loss allowance
  • $0Trading account assets
  • $1,127Bank premises and fixed assets
  • $1,335Other real estate owned
  • $2,629Goodwill and other intangibles
  • $546,047Life insurance assets
  • $5,988All other assets
  • $484,837Total liabilities and capital
  • $482,332Total liabilities
  • $376,564Total deposits
  • $482,332Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,505Subordinated debt
  • $61,210All other liabilities
  • $61,210Total equity capital
  • $61,210Total bank equity capital
  • $0Perpetual preferred stock
  • $31,138Common stock
  • $55,903Surplus
  • $-25,831Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $5,127Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11,017Income earned, not collected on loans
  • $2,674Earning assets
  • $1,462Long-term assets (5+ years)
  • $520,741Average Assets, year-to-date
  • $36,859Average Assets, quarterly
  • $533,479Volatile liabilities
  • $544,705Insider loans
  • $410,135FHLB advances
  • $548,490Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $61,087Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $29,914Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $25,579Total interest income
  • $4,872Total interest expense
  • $20,707Net interest income
  • $11,248Provision for loan and lease losses
  • $9,723Total noninterest income
  • $0Fiduciary activities
  • $1,888Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7,835Additional noninterest income
  • $18,085Total noninterest expense
  • $8,484Salaries and employee benefits
  • $2,479Premises and equipment expense
  • $7,122Additional noninterest expense
  • $1,097Pre-tax net operating income
  • $0Securities gains (losses)
  • -$24Applicable income taxes
  • $1,121Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,121Net income attributable to bank
  • $0Net charge-offs
  • $1,121Cash dividends
  • $11,421Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.07%Yield on earning assets
  • 0.97%Cost of funding earning assets
  • 4.10%Net interest margin
  • 1.93%Noninterest income to earning assets
  • 3.58%Noninterest expense to earning assets
  • 0.21%Net operating income to assets
  • 0.21%Return on assets (ROA)
  • 0.21%Pretax return on assets
  • 1.92%Return on equity (ROE)
  • 1.92%Retained earnings to average equity (YTD only)
  • 2.59%Net charge-offs to loans
  • 98.49%Credit loss provision to net charge-offs
  • 1.08%Efficiency ratio
  • 59,431Assets per employee
  • 4.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.51%Loss allowance to noncurrent loans
  • 138.95%Noncurrent assets plus other real estate owned to assets
  • 2.26%Noncurrent loans to loans
  • 2.53%Net loans and leases to deposits
  • 87.27%Net loans and leases to core deposits
  • 101.78%Equity capital to assets
  • 11.21%Core capital (leverage) ratio
  • 11.14%Tier 1 risk-based capital ratio
  • 14.89%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $533,479Average earning assets
  • $58,468Average equity
  • $504,750Average loans

List of branches

  • 7 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0363895Pacific City Bank3701 Wilshire Boulevard, Suite 100, Los Angeles, CA 90010September 18, 2003Full Service Brick and Mortar
    1451601Rowland Heights Branch18160 Colima Road, Rowland Heights, CA 91748June 01, 2006Full Service Brick and Mortar
    2456245Downtown Fashion District Branch777 E. 12th Street, Suite 200, Los Angeles, CA 90021November 01, 2006Full Service Brick and Mortar
    3462261Cerritos Office17901 Pioneer Boulevard, Suite E And F, Artesia, CA 90701March 01, 2007Full Service Brick and Mortar
    4464422Torrance Branch2505 Torrance Boulevard, Torrance, CA 90503April 19, 2007Full Service Brick and Mortar
    5464828Olympic Branch2560 W. Olympic Boulevard, Suite 101, Los Angeles, CA 90006June 28, 2007Full Service Brick and Mortar
    6470249Fullerton Branch5301 Beach Boulevard, Buena Park, CA 90621October 18, 2007Full Service Brick and Mortar

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