Pacific Heritage Bank in Torrance, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 28, 1995

  • Pacific Heritage Bank in Torrance, California (CA)
  • Show street view No street view available for this location

Pacific Heritage Bank - Overview

  • General
  • FDIC Certificate #: 23319
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: California Federal Bank (#30278)
    Federal Reserve ID: 129965
    Date Established: January 16, 1981
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 16341
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 16, 1981
    Last Structure Change Effective Date: July 28, 1995
    Last Structure Change Process Date: August 07, 1995
    Last Data Update: August 09, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 3440 Torrance Boulevard, Torrance, CA 90503
    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
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $147.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $67Total assets
  • $153,680Cash and due from depository institutions
  • $3,704Interest-bearing balances
  • $430Securities
  • $21,479Federal funds sold & reverse repurchase agreements
  • $1,893Net loans & leases
  • $107,526Loan loss allowance
  • $5,289Trading account assets
  • $0Bank premises and fixed assets
  • $12,431Other real estate owned
  • $4,322Goodwill and other intangibles
  • $2,325Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $153,680Total liabilities
  • $148,737Total deposits
  • $146,183Interest-bearing deposits
  • $129,998Deposits held in domestic offices
  • 146183.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $1,500Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,054Total equity capital
  • $1,054Total bank equity capital
  • $4,943Perpetual preferred stock
  • $0Common stock
  • $11,550Surplus
  • $0Undivided profits
  • Memoranda
  • $-6,607Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $16,718Income earned, not collected on loans
  • $717Earning assets
  • $131,328Long-term assets (5+ years)
  • $10,037Average Assets, year-to-date
  • $176,341Average Assets, quarterly
  • $160,478Volatile liabilities
  • $18,014Insider loans
  • $94FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $5,771Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,004Total risk weighted assets
  • $128,558Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $11,915Total interest expense
  • $5,075Net interest income
  • $6,840Provision for loan and lease losses
  • $6,175Total noninterest income
  • $710Fiduciary activities
  • $0Service charges on deposit accounts
  • $461Trading account gains & fees
  • $0Additional noninterest income
  • $249Total noninterest expense
  • $9,369Salaries and employee benefits
  • $3,361Premises and equipment expense
  • $1,209Additional noninterest expense
  • $4,799Pre-tax net operating income
  • -$7,994Securities gains (losses)
  • $1Applicable income taxes
  • -$888Income before extraordinary items
  • -$7,105Extraordinary gains - net
  • $0Net income attributable to bank
  • -$7,105Net charge-offs
  • $4,679Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.83%Cost of funding earning assets
  • 3.34%Net interest margin
  • 4.50%Noninterest income to earning assets
  • 0.47%Noninterest expense to earning assets
  • 6.16%Net operating income to assets
  • -4.03%Return on assets (ROA)
  • -4.03%Pretax return on assets
  • -4.53%Return on equity (ROE)
  • -77.69%Retained earnings to average equity (YTD only)
  • -77.69%Net charge-offs to loans
  • 3.72%Credit loss provision to net charge-offs
  • 131.97%Efficiency ratio
  • 124,093Assets per employee
  • 2.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.69%Loss allowance to noncurrent loans
  • 31.64%Noncurrent assets plus other real estate owned to assets
  • 13.69%Noncurrent loans to loans
  • 14.82%Net loans and leases to deposits
  • 73.56%Net loans and leases to core deposits
  • 82.92%Equity capital to assets
  • 3.22%Core capital (leverage) ratio
  • 3.09%Tier 1 risk-based capital ratio
  • 3.89%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $176,341Average earning assets
  • $9,145Average equity
  • $152,116Average loans

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