Premier Bank in Northridge, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 08, 1993

  • Premier Bank in Northridge, California (CA)
  • Show street view No street view available for this location

Premier Bank - Overview

  • General
  • FDIC Certificate #: 23581
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Trans-World Bank (#17265)
    Federal Reserve ID: 100469
    Date Established: November 18, 1981
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 16514
    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: November 18, 1981
    Last Structure Change Effective Date: April 08, 1993
    Last Structure Change Process Date: April 13, 1993
    Last Data Update: April 13, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: Corbin Avenue And Nordhoff Place, Northridge, CA 91328
    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: $73.0 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $51Total assets
  • $73,024Cash and due from depository institutions
  • $9,903Interest-bearing balances
  • $1,493Securities
  • $5,994Federal funds sold & reverse repurchase agreements
  • $1,700Net loans & leases
  • $47,527Loan loss allowance
  • $1,265Trading account assets
  • $0Bank premises and fixed assets
  • $2,178Other real estate owned
  • $4,759Goodwill and other intangibles
  • $638Life insurance assets
  • $325All other assets
  • $0Total liabilities and capital
  • $73,024Total liabilities
  • $70,743Total deposits
  • $69,818Interest-bearing deposits
  • $46,737Deposits held in domestic offices
  • 69818.00%% insured (estimated)
  • $67Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $802Subordinated debt
  • $0All other liabilities
  • $123Total equity capital
  • $123Total bank equity capital
  • $2,281Perpetual preferred stock
  • $0Common stock
  • $6,422Surplus
  • $0Undivided profits
  • Memoranda
  • $-4,141Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,380Income earned, not collected on loans
  • $210Earning assets
  • $56,714Long-term assets (5+ years)
  • $1,399Average Assets, year-to-date
  • $81,770Average Assets, quarterly
  • $76,043Volatile liabilities
  • $4,240Insider loans
  • $110FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $11,403Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,956Total risk weighted assets
  • $57,328Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $5,484Total interest expense
  • $2,075Net interest income
  • $3,409Provision for loan and lease losses
  • $1,835Total noninterest income
  • $848Fiduciary activities
  • $0Service charges on deposit accounts
  • $535Trading account gains & fees
  • $0Additional noninterest income
  • $313Total noninterest expense
  • $6,534Salaries and employee benefits
  • $2,102Premises and equipment expense
  • $801Additional noninterest expense
  • $3,631Pre-tax net operating income
  • -$4,112Securities gains (losses)
  • $3Applicable income taxes
  • $0Income before extraordinary items
  • -$4,109Extraordinary gains - net
  • $0Net income attributable to bank
  • -$4,109Net charge-offs
  • $1,417Cash 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
  • 8.19%Cost of funding earning assets
  • 3.10%Net interest margin
  • 5.09%Noninterest income to earning assets
  • 1.27%Noninterest expense to earning assets
  • 9.76%Net operating income to assets
  • -5.03%Return on assets (ROA)
  • -5.03%Pretax return on assets
  • -5.03%Return on equity (ROE)
  • -87.25%Retained earnings to average equity (YTD only)
  • -87.25%Net charge-offs to loans
  • 2.41%Credit loss provision to net charge-offs
  • 129.50%Efficiency ratio
  • 152,267Assets per employee
  • 1.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.59%Loss allowance to noncurrent loans
  • 37.43%Noncurrent assets plus other real estate owned to assets
  • 11.15%Noncurrent loans to loans
  • 6.93%Net loans and leases to deposits
  • 68.07%Net loans and leases to core deposits
  • 72.47%Equity capital to assets
  • 3.12%Core capital (leverage) ratio
  • 2.55%Tier 1 risk-based capital ratio
  • 3.41%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $81,770Average earning assets
  • $4,710Average equity
  • $66,933Average loans

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