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

This bank is inactive as of January 12, 2001

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

  • General
  • FDIC Certificate #: 34587
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: East West Bank (#31628)
    Federal Reserve ID: 2653893
    Date Established: Febuary 09, 1998
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 60751
    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: Febuary 09, 1998
    Last Structure Change Effective Date: January 12, 2001
    Last Structure Change Process Date: January 26, 2001
    Last Data Update: January 26, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 1900 Avenue Of The Stars, #290, Los Angeles, CA 90067
    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: $128.4 mil

1992 - 1999 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, 2000)

  • Dollar figures in thousands
  • 23Total employees (full-time equivalent)
  • $128,442Total assets
  • $15,060Cash and due from depository institutions
  • $100Interest-bearing balances
  • $41,504Securities
  • $27,100Federal funds sold & reverse repurchase agreements
  • $42,773Net loans & leases
  • $550Loan loss allowance
  • $0Trading account assets
  • $1,211Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $794All other assets
  • $128,442Total liabilities and capital
  • $119,477Total liabilities
  • $118,963Total deposits
  • $45,115Interest-bearing deposits
  • $118,963Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $514All other liabilities
  • $8,965Total equity capital
  • $8,965Total bank equity capital
  • $8,965Perpetual preferred stock
  • $0Common stock
  • $5,000Surplus
  • $4,969Undivided profits
  • Memoranda
  • $-1,004Noncurrent loans and leases
  • $14,557Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $12Earning assets
  • $0Long-term assets (5+ years)
  • $184Average Assets, year-to-date
  • $111,477Average Assets, quarterly
  • $13,609Volatile liabilities
  • $120,797Insider loans
  • $119,475FHLB advances
  • $3,433Loans and leases held for sale
  • $3,483Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $14,557Total unused commitments
  • $0Restructured Loans and leases
  • $550Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $7,327Total interest income
  • $1,400Total interest expense
  • $5,927Net interest income
  • $102Provision for loan and lease losses
  • $133Total noninterest income
  • $0Fiduciary activities
  • $122Service charges on deposit accounts
  • $0Trading account gains & fees
  • $11Additional noninterest income
  • $5,330Total noninterest expense
  • $1,674Salaries and employee benefits
  • $587Premises and equipment expense
  • $3,069Additional noninterest expense
  • $628Pre-tax net operating income
  • $0Securities gains (losses)
  • $1Applicable income taxes
  • $627Income before extraordinary items
  • $0Extraordinary gains - net
  • $627Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.87%Yield on earning assets
  • 1.31%Cost of funding earning assets
  • 5.56%Net interest margin
  • 0.12%Noninterest income to earning assets
  • 5.00%Noninterest expense to earning assets
  • 0.52%Net operating income to assets
  • 0.52%Return on assets (ROA)
  • 0.52%Pretax return on assets
  • 7.25%Return on equity (ROE)
  • 7.25%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 87,954Assets per employee
  • 5.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.27%Loss allowance to noncurrent loans
  • 4583.33%Noncurrent assets plus other real estate owned to assets
  • 0.01%Noncurrent loans to loans
  • 0.03%Net loans and leases to deposits
  • 35.95%Net loans and leases to core deposits
  • 37.02%Equity capital to assets
  • 6.98%Core capital (leverage) ratio
  • 7.95%Tier 1 risk-based capital ratio
  • 11.91%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $120,797Average earning assets
  • $8,646Average equity
  • $106,616Average loans

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