FDIC Certificate #: 58349 Status: Active Federal Reserve ID: 3462074 Date Established: November 07, 2006 WWW:http://www.proamericabank.com 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
No
ID
Name
Address
Established
Service Type
Map
0
446922
Proamerica Bank
888 South Figueroa Street, Suite 100, Los Angeles, CA 90017
November 07, 2006
Full Service Brick and Mortar
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with ProAmerica Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: