FDIC Certificate #: 21765 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Hanmi Bank (#24170) Federal Reserve ID: 803162 Date Established: September 19, 1974 WWW:http://www.pacificunionbank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 13 (Interstate: No) FDIC's unique #: 15070 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: September 19, 1974 Last Structure Change Effective Date: May 01, 2004 Last Structure Change Process Date: May 25, 2004 Last Data Update: May 25, 2004 Data Source Date: April 05, 2012
Location
Address: 3530 Wilshire Blvd., #1800, 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)
Financial Summary
Total assets: $1,249.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
291Total employees (full-time equivalent)
$1,136,849Total assets
$24,943Cash and due from depository institutions
$220Interest-bearing balances
$210,679Securities
$8,500Federal funds sold & reverse repurchase agreements
$862,959Net loans & leases
$9,686Loan loss allowance
$0Trading account assets
$5,817Bank premises and fixed assets
$231Other real estate owned
$1,096Goodwill and other intangibles
$0Life insurance assets
$22,624All other assets
$1,136,849Total liabilities and capital
$1,026,166Total liabilities
$862,876Total deposits
$608,358Interest-bearing deposits
$862,876Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$157,017Other borrowed funds
$0Subordinated debt
$6,273All other liabilities
$110,683Total equity capital
$110,683Total bank equity capital
$110,683Perpetual preferred stock
$0Common stock
$64,117Surplus
$22,333Undivided profits
Memoranda
$24,233Noncurrent loans and leases
$106,620Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,139Earning assets
$81Long-term assets (5+ years)
$3,780Average Assets, year-to-date
$1,082,358Average Assets, quarterly
$179,229Volatile liabilities
$1,015,233Insider loans
$1,097,289FHLB advances
$433,822Loans and leases held for sale
$284Unused loan commitments
$157,017Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$986Total risk weighted assets
$106,620Total unused commitments
$0Restructured Loans and leases
$10,302Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$51,171Total interest income
$14,017Total interest expense
$37,154Net interest income
$1,284Provision for loan and lease losses
$13,049Total noninterest income
$0Fiduciary activities
$6,404Service charges on deposit accounts
$0Trading account gains & fees
$6,645Additional noninterest income
$29,308Total noninterest expense
$15,094Salaries and employee benefits
$4,175Premises and equipment expense
$10,039Additional noninterest expense
$19,611Pre-tax net operating income
$409Securities gains (losses)
$8,006Applicable income taxes
$12,014Income before extraordinary items
$0Extraordinary gains - net
$12,014Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$471Sale, conversion, retirement of capital stock, net
$1,600Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.32%Yield on earning assets
1.46%Cost of funding earning assets
3.86%Net interest margin
1.36%Noninterest income to earning assets
3.04%Noninterest expense to earning assets
1.16%Net operating income to assets
1.18%Return on assets (ROA)
1.97%Pretax return on assets
11.35%Return on equity (ROE)
9.84%Retained earnings to average equity (YTD only)
0.06%Net charge-offs to loans
272.61%Credit loss provision to net charge-offs
44.36%Efficiency ratio
58,379Assets per employee
3.91%Cash dividends to net income (YTD only)
Condition Ratios (%)
13.32%Loss allowance to loans
1.11%Loss allowance to noncurrent loans
850.40%Noncurrent assets plus other real estate owned to assets
0.12%Noncurrent loans to loans
0.13%Net loans and leases to deposits
100.01%Net loans and leases to core deposits
162.49%Equity capital to assets
9.74%Core capital (leverage) ratio
9.80%Tier 1 risk-based capital ratio
12.63%Total risk-based capital ratio
Memoranda
$14Average assets
$1,015,233Average earning assets
$105,848Average equity
$962,727Average loans
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