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

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

  • General
  • FDIC Certificate #: 58349
    Status: Active
    Federal Reserve ID: 3462074
    Date Established: November 07, 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 #: 446922
    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: November 07, 2006
    Last Structure Change Effective Date: December 01, 2011
    Last Structure Change Process Date: December 29, 2011
    Last Data Update: December 29, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 888 South Figueroa Street, Suite 100, 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)
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $129.3 mil
    Equity capital: $21.8 mil
    Deposits held in domestic offices: $105.8 mil
    Return on assets (ROA): -0.61% (-$0.8 mil)
    Quarterly return on assets: -3.72% (-$4.8 mil)
    Return on Equity (ROE): -3.73% (-$0.8 mil)
    Quarterly return on equity: -21.59% (-$4.7 mil)
    Net income: -$0.8 mil
    Quarterly Net income: -$1.2 mil
    Pretax return on assets: -0.61% (-$788.6 mil)
    Quarterly Pretax return on assets: -3.72% (-$4,809.2 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
  • 26Total employees (full-time equivalent)
  • $129,280Total assets
  • $12,258Cash and due from depository institutions
  • $9,903Interest-bearing balances
  • $0Securities
  • $9,935Federal funds sold & reverse repurchase agreements
  • $103,921Net loans & leases
  • $3,335Loan loss allowance
  • $0Trading account assets
  • $918Bank premises and fixed assets
  • $0Other real estate owned
  • $140Goodwill and other intangibles
  • $129,280Life insurance assets
  • $2,108All other assets
  • $107,529Total liabilities and capital
  • $105,755Total liabilities
  • $73,966Total deposits
  • $105,755Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,774Subordinated debt
  • $21,751All other liabilities
  • $21,751Total equity capital
  • $21,751Total bank equity capital
  • $3,750Perpetual preferred stock
  • $27,245Common stock
  • $1,714Surplus
  • $-10,958Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,864Income earned, not collected on loans
  • $337Earning assets
  • $381Long-term assets (5+ years)
  • $123,759Average Assets, year-to-date
  • $28,544Average Assets, quarterly
  • $123,250Volatile liabilities
  • $129,679Insider loans
  • $113,899FHLB advances
  • $130,567Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $21,737Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,871Restructured Loans and leases
  • $2,786Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,064Total interest income
  • $402Total interest expense
  • $5,662Net interest income
  • $1,544Provision for loan and lease losses
  • $604Total noninterest income
  • $0Fiduciary activities
  • $160Service charges on deposit accounts
  • $0Trading account gains & fees
  • $444Additional noninterest income
  • $5,471Total noninterest expense
  • $3,224Salaries and employee benefits
  • $921Premises and equipment expense
  • $1,326Additional noninterest expense
  • -$749Pre-tax net operating income
  • $0Securities gains (losses)
  • $1Applicable income taxes
  • -$750Income before extraordinary items
  • $0Extraordinary gains - net
  • -$750Net income attributable to bank
  • $0Net charge-offs
  • -$750Cash dividends
  • $268Sale, conversion, retirement of capital stock, net
  • $10Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.08%Yield on earning assets
  • 0.34%Cost of funding earning assets
  • 4.75%Net interest margin
  • 0.51%Noninterest income to earning assets
  • 4.59%Noninterest expense to earning assets
  • -0.61%Net operating income to assets
  • -0.61%Return on assets (ROA)
  • -0.61%Pretax return on assets
  • -3.73%Return on equity (ROE)
  • -3.78%Retained earnings to average equity (YTD only)
  • 0.29%Net charge-offs to loans
  • 576.12%Credit loss provision to net charge-offs
  • 2.97%Efficiency ratio
  • 87,312Assets per employee
  • 4.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -1.33%Loss allowance to loans
  • 3.11%Loss allowance to noncurrent loans
  • 68.56%Noncurrent assets plus other real estate owned to assets
  • 3.76%Noncurrent loans to loans
  • 4.53%Net loans and leases to deposits
  • 98.27%Net loans and leases to core deposits
  • 147.35%Equity capital to assets
  • 16.82%Core capital (leverage) ratio
  • 16.65%Tier 1 risk-based capital ratio
  • 19.08%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $123,250Average earning assets
  • $20,103Average equity
  • $119,285Average loans

List of branches

  • 1 California Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0446922Proamerica Bank888 South Figueroa Street, Suite 100, Los Angeles, CA 90017November 07, 2006Full Service Brick and Mortar

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