Palos Verdes National Bank in Rolling Hills Estates, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 20, 1993

  • Palos Verdes National Bank in Rolling Hills Estates, California (CA)
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Palos Verdes National Bank - Overview

  • General
  • FDIC Certificate #: 23796
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Opus Bank (#33806)
    Federal Reserve ID: 712264
    Date Established: April 19, 1982
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 16633
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: April 19, 1982
    Last Structure Change Effective Date: May 20, 1993
    Last Structure Change Process Date: May 27, 1993
    Last Data Update: May 27, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 395 Silver Spur Road, Rolling Hills Estates, CA 90274
    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
  • Financial Summary
  • Total assets: $45.6 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $25Total assets
  • $43,944Cash and due from depository institutions
  • $3,169Interest-bearing balances
  • $0Securities
  • $1,564Federal funds sold & reverse repurchase agreements
  • $2,100Net loans & leases
  • $33,471Loan loss allowance
  • $1,864Trading account assets
  • $0Bank premises and fixed assets
  • $134Other real estate owned
  • $3,071Goodwill and other intangibles
  • $435Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $43,944Total liabilities
  • $46,278Total deposits
  • $44,654Interest-bearing deposits
  • $37,124Deposits held in domestic offices
  • 44654.00%% insured (estimated)
  • $93Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,447Subordinated debt
  • $0All other liabilities
  • $177Total equity capital
  • $177Total bank equity capital
  • $-2,334Perpetual preferred stock
  • $0Common stock
  • $1,829Surplus
  • $1,932Undivided profits
  • Memoranda
  • $-6,095Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,399Income earned, not collected on loans
  • $236Earning assets
  • $37,135Long-term assets (5+ years)
  • $859Average Assets, year-to-date
  • $51,052Average Assets, quarterly
  • $45,456Volatile liabilities
  • $5,140Insider loans
  • $306FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $4,472Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-2,334Total risk weighted assets
  • $37,546Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $4,190Total interest expense
  • $1,773Net interest income
  • $2,417Provision for loan and lease losses
  • $5,179Total noninterest income
  • $326Fiduciary activities
  • $0Service charges on deposit accounts
  • $240Trading account gains & fees
  • $0Additional noninterest income
  • $86Total noninterest expense
  • $3,167Salaries and employee benefits
  • $1,126Premises and equipment expense
  • $310Additional noninterest expense
  • $1,731Pre-tax net operating income
  • -$5,603Securities gains (losses)
  • $148Applicable income taxes
  • -$90Income before extraordinary items
  • -$5,365Extraordinary gains - net
  • $0Net income attributable to bank
  • -$5,365Net charge-offs
  • $4,288Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.30%Cost of funding earning assets
  • 3.94%Net interest margin
  • 5.37%Noninterest income to earning assets
  • 0.72%Noninterest expense to earning assets
  • 7.03%Net operating income to assets
  • -10.79%Return on assets (ROA)
  • -10.51%Pretax return on assets
  • -10.69%Return on equity (ROE)
  • -464.02%Retained earnings to average equity (YTD only)
  • -464.02%Net charge-offs to loans
  • 10.49%Credit loss provision to net charge-offs
  • 120.78%Efficiency ratio
  • 115,458Assets per employee
  • 1.76%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.28%Loss allowance to noncurrent loans
  • 54.84%Noncurrent assets plus other real estate owned to assets
  • 14.72%Noncurrent loans to loans
  • 9.62%Net loans and leases to deposits
  • 74.96%Net loans and leases to core deposits
  • 84.71%Equity capital to assets
  • -5.31%Core capital (leverage) ratio
  • -4.94%Tier 1 risk-based capital ratio
  • -6.22%Total risk-based capital ratio
  • Memoranda
  • -$6Average assets
  • $51,052Average earning assets
  • $1,156Average equity
  • $45,050Average loans

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