Premier Business Bank in Los Angeles, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Premier Business Bank in Los Angeles, California (CA)
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Premier Business Bank - Overview

  • General
  • FDIC Certificate #: 58261
    Status: Active
    Federal Reserve ID: 3459346
    Date Established: July 25, 2006
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 444881
    Numeric code: 21
    Regulator: FDIC
    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: July 25, 2006
    Last Structure Change Effective Date: March 03, 2011
    Last Structure Change Process Date: March 03, 2011
    Last Data Update: March 03, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 700 South Flower Street, Suite 2000, Los Angeles, CA 90017
    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: $103.0 mil
    Equity capital: $12.5 mil
    Deposits held in domestic offices: $82.2 mil
    Return on assets (ROA): 0.59% ($0.6 mil)
    Quarterly return on assets: 0.72% ($0.7 mil)
    Return on Equity (ROE): 4.59% ($0.6 mil)
    Quarterly return on equity: 5.72% ($0.7 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.53% ($545.8 mil)
    Quarterly Pretax return on assets: 0.48% ($494.3 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
  • 17Total employees (full-time equivalent)
  • $102,977Total assets
  • $15,873Cash and due from depository institutions
  • $11,782Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $85,834Net loans & leases
  • $1,917Loan loss allowance
  • $0Trading account assets
  • $200Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $102,977Life insurance assets
  • $1,070All other assets
  • $90,505Total liabilities and capital
  • $82,212Total liabilities
  • $66,876Total deposits
  • $82,212Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,800Trading liabilities
  • $0Other borrowed funds
  • $493Subordinated debt
  • $12,472All other liabilities
  • $12,472Total equity capital
  • $12,472Total bank equity capital
  • $0Perpetual preferred stock
  • $20,258Common stock
  • $1,081Surplus
  • $-8,867Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $272Long-term assets (5+ years)
  • $97,616Average Assets, year-to-date
  • $6,411Average Assets, quarterly
  • $94,543Volatile liabilities
  • $98,509Insider loans
  • $83,267FHLB advances
  • $95,820Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $12,472Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,934Restructured Loans and leases
  • $1,750Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,501Total interest income
  • $606Total interest expense
  • $3,895Net interest income
  • -$100Provision for loan and lease losses
  • $148Total noninterest income
  • $0Fiduciary activities
  • $125Service charges on deposit accounts
  • $0Trading account gains & fees
  • $23Additional noninterest income
  • $3,645Total noninterest expense
  • $2,113Salaries and employee benefits
  • $317Premises and equipment expense
  • $1,215Additional noninterest expense
  • $498Pre-tax net operating income
  • $0Securities gains (losses)
  • -$60Applicable income taxes
  • $558Income before extraordinary items
  • $0Extraordinary gains - net
  • $558Net income attributable to bank
  • $0Net charge-offs
  • $558Cash dividends
  • -$250Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.02%Yield on earning assets
  • 0.68%Cost of funding earning assets
  • 4.34%Net interest margin
  • 0.17%Noninterest income to earning assets
  • 4.07%Noninterest expense to earning assets
  • 0.59%Net operating income to assets
  • 0.59%Return on assets (ROA)
  • 0.53%Pretax return on assets
  • 4.59%Return on equity (ROE)
  • 4.59%Retained earnings to average equity (YTD only)
  • -0.32%Net charge-offs to loans
  • 40.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 90,156Assets per employee
  • 6.06%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.18%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 104.41%Net loans and leases to core deposits
  • 115.77%Equity capital to assets
  • 12.11%Core capital (leverage) ratio
  • 13.02%Tier 1 risk-based capital ratio
  • 14.98%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $94,543Average earning assets
  • $12,165Average equity
  • $89,659Average loans

List of branches

  • 1 California Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0444881Premier Business Bank700 South Flower Street, Suite 2000, Los Angeles, CA 90017July 25, 2006Full Service Brick and Mortar

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