Provident Savings Bank, F.S.B. in Riverside, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Provident Savings Bank, F.S.B. in Riverside, California (CA)
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Provident Savings Bank, F.S.B. - Overview

  • General
  • FDIC Certificate #: 30879
    Status: Active
    Federal Reserve ID: 631570
    Date Established: July 02, 1956
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 14 (Domestic: 14, Interstate: No)
    OTS Docket #: 6051
    FDIC's unique #: 43713
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 02, 1956
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 3756 Central Ave, Riverside, CA 92506
    County: Riverside
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Orange
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Riverside-San Bernardino, CA (#6780)
    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): Riverside-San Bernardino-Ontario, CA (#40140)
    CBSA Metro Statistical Area: Riverside-San Bernardino-Ontario, CA (#40140)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $1,298.6 mil
    Equity capital: $139.3 mil
    Deposits held in domestic offices: $963.9 mil
    Return on assets (ROA): 0.68% ($8.8 mil)
    Quarterly return on assets: 0.60% ($7.8 mil)
    Return on Equity (ROE): 6.61% ($9.2 mil)
    Quarterly return on equity: 5.70% ($7.9 mil)
    Net income: $9.1 mil
    Quarterly Net income: $2.0 mil
    Pretax return on assets: 1.20% ($15,582.8 mil)
    Quarterly Pretax return on assets: 1.04% ($13,505.1 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
  • 457Total employees (full-time equivalent)
  • $1,298,566Total assets
  • $133,519Cash and due from depository institutions
  • $122,884Interest-bearing balances
  • $24,106Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,072,267Net loans & leases
  • $15,467Loan loss allowance
  • $0Trading account assets
  • $5,831Bank premises and fixed assets
  • $7,854Other real estate owned
  • $450Goodwill and other intangibles
  • $1,298,566Life insurance assets
  • $54,539All other assets
  • $1,159,309Total liabilities and capital
  • $963,863Total liabilities
  • $902,718Total deposits
  • $963,863Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $176,573Trading liabilities
  • $0Other borrowed funds
  • $18,873Subordinated debt
  • $139,257All other liabilities
  • $139,257Total equity capital
  • $139,257Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $56,078Surplus
  • $83,178Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $31,461Income earned, not collected on loans
  • $0Earning assets
  • $3,569Long-term assets (5+ years)
  • $1,219,257Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $1,325,980Volatile liabilities
  • $1,309,157Insider loans
  • $801,446FHLB advances
  • $1,298,013Loans and leases held for sale
  • $6,250Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $135,892Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $103,817Restructured Loans and leases
  • $5Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $54,542Total interest income
  • $17,534Total interest expense
  • $37,008Net interest income
  • $5,644Provision for loan and lease losses
  • $30,317Total noninterest income
  • $0Fiduciary activities
  • $2,445Service charges on deposit accounts
  • $5,957Trading account gains & fees
  • $21,915Additional noninterest income
  • $45,824Total noninterest expense
  • $32,260Salaries and employee benefits
  • $4,643Premises and equipment expense
  • $8,921Additional noninterest expense
  • $15,857Pre-tax net operating income
  • $0Securities gains (losses)
  • $6,792Applicable income taxes
  • $9,065Income before extraordinary items
  • $0Extraordinary gains - net
  • $9,065Net income attributable to bank
  • $0Net charge-offs
  • $9,065Cash dividends
  • $9,712Sale, conversion, retirement of capital stock, net
  • $5,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.40%Yield on earning assets
  • 1.41%Cost of funding earning assets
  • 2.98%Net interest margin
  • 2.44%Noninterest income to earning assets
  • 3.69%Noninterest expense to earning assets
  • 0.68%Net operating income to assets
  • 0.68%Return on assets (ROA)
  • 1.20%Pretax return on assets
  • 6.61%Return on equity (ROE)
  • 2.96%Retained earnings to average equity (YTD only)
  • 0.88%Net charge-offs to loans
  • 58.11%Credit loss provision to net charge-offs
  • 2.21%Efficiency ratio
  • 67,949Assets per employee
  • 2.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 55.16%Loss allowance to loans
  • 1.42%Loss allowance to noncurrent loans
  • 49.16%Noncurrent assets plus other real estate owned to assets
  • 3.03%Noncurrent loans to loans
  • 2.89%Net loans and leases to deposits
  • 111.25%Net loans and leases to core deposits
  • 117.42%Equity capital to assets
  • 10.72%Core capital (leverage) ratio
  • 10.68%Tier 1 risk-based capital ratio
  • 16.96%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $1,325,980Average earning assets
  • $137,172Average equity
  • $1,240,330Average loans

List of branches

  • 14 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    043713Provident Savings Bank, F.S.b.3756 Central Ave, Riverside, CA 92506July 02, 1956Full Service Brick and Mortar
    3282503125 East Citrus Avenue Branch125 East Citrus Avenue, Redlands, CA 92373July 02, 1956Full Service Brick and Mortar
    52825051690 E Florida Ave Branch1690 E Florida Ave, Hemet, CA 92544July 02, 1956Full Service Brick and Mortar
    728250612460 Heacock St Branch12460 Heacock St, Moreno Valley, CA 92553July 02, 1956Full Service Brick and Mortar
    1028250827010 Sun City Boulevard Branch27010 Sun City Boulevard, Sun City, CA 92586July 02, 1956Full Service Brick and Mortar
    10028250971-991 Highway 111 Branch71-991 Highway 111, Rancho Mirage, CA 92270July 02, 1956Full Service Brick and Mortar
    10144344350 East Hobson Way Branch350 East Hobson Way, Blythe, CA 92225December 30, 1965Full Service Brick and Mortar
    1032825115225 Canyon Crest Dr Branch5225 Canyon Crest Dr, Riverside, CA 92507June 30, 1987Full Service Brick and Mortar
    1062825134001 Main Street Branch4001 Main Street, Riverside, CA 92501October 20, 1997Full Service Brick and Mortar
    108431456Magnolia Avenue Branch487 Magnolia Avenue, Suite 101, Corona, CA 92879June 30, 2003Full Service Brick and Mortar
    109431457Winchester Road Branch40705 Winchester Road, Suite 6, Temecula, CA 92591June 30, 2003Full Service Brick and Mortar
    110481891Van Buren Blvd Branch19348 Van Buren Blvd, Riverside, CA 92508August 28, 2003Full Service Brick and Mortar
    111495496Riverside Branch3312 La Sierra Ave Ste 105, Riverside, CA 92503January 03, 2007Full Service Brick and Mortar
    112495497Moreno Valley Branch16110 Perris Blvd Ste K, Moreno Valley, CA 92551September 18, 2008Full Service Brick and Mortar

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