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

Pacific Commerce Bank - Overview

  • General
  • FDIC Certificate #: 57065
    Status: Active
    Federal Reserve ID: 3143805
    Date Established: October 10, 2002
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 356763
    Numeric code: 13
    Regulator: FED
    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: October 10, 2002
    Last Structure Change Effective Date: August 27, 2009
    Last Structure Change Process Date: August 27, 2009
    Last Data Update: August 27, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 420 East 3rd Street, Suite 100, Los Angeles, CA 90013
    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)
  • Financial Summary
  • Total assets: $166.3 mil
    Equity capital: $18.1 mil
    Deposits held in domestic offices: $147.4 mil
    Return on assets (ROA): -0.61% (-$1.0 mil)
    Quarterly return on assets: 0.00% ($0.0 mil)
    Return on Equity (ROE): -6.26% (-$1.1 mil)
    Quarterly return on equity: 0.02% ($0.0 mil)
    Net income: -$1.1 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: -0.61% (-$1,014.7 mil)
    Quarterly Pretax return on assets: 0.00% ($0.0 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
  • 30Total employees (full-time equivalent)
  • $166,349Total assets
  • $7,407Cash and due from depository institutions
  • $6,004Interest-bearing balances
  • $24,846Securities
  • $1,560Federal funds sold & reverse repurchase agreements
  • $122,591Net loans & leases
  • $5,976Loan loss allowance
  • $0Trading account assets
  • $146Bank premises and fixed assets
  • $2,039Other real estate owned
  • $330Goodwill and other intangibles
  • $166,350Life insurance assets
  • $7,430All other assets
  • $148,282Total liabilities and capital
  • $147,384Total liabilities
  • $120,967Total deposits
  • $147,384Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $898Subordinated debt
  • $18,068All other liabilities
  • $18,068Total equity capital
  • $18,068Total bank equity capital
  • $4,263Perpetual preferred stock
  • $24,963Common stock
  • $744Surplus
  • $-11,902Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $348Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11,359Income earned, not collected on loans
  • $0Earning assets
  • $486Long-term assets (5+ years)
  • $155,001Average Assets, year-to-date
  • $59,215Average Assets, quarterly
  • $182,624Volatile liabilities
  • $170,929Insider loans
  • $126,253FHLB advances
  • $173,726Loans and leases held for sale
  • $3,928Unused loan commitments
  • $2,249Tier 1 (core) risk-based capital
  • $17,704Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,679Total unused commitments
  • $10,403Restructured Loans and leases
  • $1,281Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,082Total interest income
  • $827Total interest expense
  • $7,255Net interest income
  • $3,435Provision for loan and lease losses
  • $1,431Total noninterest income
  • $0Fiduciary activities
  • $80Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,351Additional noninterest income
  • $6,585Total noninterest expense
  • $3,123Salaries and employee benefits
  • $692Premises and equipment expense
  • $2,770Additional noninterest expense
  • -$1,334Pre-tax net operating income
  • $227Securities gains (losses)
  • $0Applicable income taxes
  • -$1,107Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,107Net income attributable to bank
  • $0Net charge-offs
  • -$1,107Cash dividends
  • $3,251Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.69%Yield on earning assets
  • 0.48%Cost of funding earning assets
  • 4.21%Net interest margin
  • 0.83%Noninterest income to earning assets
  • 3.82%Noninterest expense to earning assets
  • -0.73%Net operating income to assets
  • -0.61%Return on assets (ROA)
  • -0.61%Pretax return on assets
  • -6.26%Return on equity (ROE)
  • -6.26%Retained earnings to average equity (YTD only)
  • 2.34%Net charge-offs to loans
  • 105.66%Credit loss provision to net charge-offs
  • 0.65%Efficiency ratio
  • 75,812Assets per employee
  • 5.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.65%Loss allowance to noncurrent loans
  • 52.61%Noncurrent assets plus other real estate owned to assets
  • 8.05%Noncurrent loans to loans
  • 8.84%Net loans and leases to deposits
  • 83.18%Net loans and leases to core deposits
  • 93.88%Equity capital to assets
  • 10.86%Core capital (leverage) ratio
  • 10.19%Tier 1 risk-based capital ratio
  • 14.02%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $182,624Average earning assets
  • $17,686Average equity
  • $172,340Average loans

List of branches

  • 2 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0356763Pacific Commerce Bank420 East 3rd Street, Suite 100, Los Angeles, CA 90013October 10, 2002Full Service Brick and Mortar
    1446023West Los Angeles Office11300 West Olympic Boulevard, Suite 100, Los Angeles, CA 90064September 30, 2005Full Service Brick and Mortar

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