FDIC Certificate #: 25106 Status: Inactive Closing history: Corrections Acquiring institution:Finance Factors, Ltd. (#25158) Federal Reserve ID: 517964 Date Established: March 01, 1968 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 9344 FDIC's unique #: 17376 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: April 23, 1984 Last Structure Change Effective Date: Febuary 26, 1999 Last Structure Change Process Date: June 06, 1999 Last Data Update: October 02, 2006 Data Source Date: April 05, 2012
Location
Address: 841 Bishop Street, Suite 142, Honolulu, HI 96813 County: Honolulu 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): Honolulu, HI (#3320) Core Based Statistical Area (CBSA): Honolulu, HI (#26180) CBSA Metro Statistical Area: Honolulu, HI (#26180)
History of Changes
Other Liquidations and Closings
Change in Insurance Status
Corrections
Financial Summary
Total assets: $35.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
10Total employees (full-time equivalent)
$34,993Total assets
$2,831Cash and due from depository institutions
$2,787Interest-bearing balances
$488Securities
$0Federal funds sold & reverse repurchase agreements
$28,230Net loans & leases
$521Loan loss allowance
$0Trading account assets
$1,532Bank premises and fixed assets
$1,354Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$558All other assets
$34,993Total liabilities and capital
$31,829Total liabilities
$25,111Total deposits
$25,081Interest-bearing deposits
$25,111Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,485Other borrowed funds
$0Subordinated debt
$233All other liabilities
$3,164Total equity capital
$3,164Total bank equity capital
$3,164Perpetual preferred stock
$0Common stock
$369Surplus
$250Undivided profits
Memoranda
$2,545Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,619Earning assets
$0Long-term assets (5+ years)
$292Average Assets, year-to-date
$31,505Average Assets, quarterly
$5,354Volatile liabilities
$38,943Insider loans
$36,564FHLB advances
$10,578Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,869Total unused commitments
$0Restructured Loans and leases
$24,735Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$3,181Total interest income
$1,964Total interest expense
$1,217Net interest income
$125Provision for loan and lease losses
$44Total noninterest income
$0Fiduciary activities
$6Service charges on deposit accounts
$0Trading account gains & fees
$38Additional noninterest income
$1,358Total noninterest expense
$766Salaries and employee benefits
$143Premises and equipment expense
$449Additional noninterest expense
-$222Pre-tax net operating income
$12Securities gains (losses)
-$80Applicable income taxes
-$130Income before extraordinary items
$0Extraordinary gains - net
-$130Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$134Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.13%Yield on earning assets
5.63%Cost of funding earning assets
3.49%Net interest margin
0.13%Noninterest income to earning assets
3.90%Noninterest expense to earning assets
-0.35%Net operating income to assets
-0.33%Return on assets (ROA)
-0.54%Pretax return on assets
-3.95%Return on equity (ROE)
-3.95%Retained earnings to average equity (YTD only)
0.42%Net charge-offs to loans
93.28%Credit loss provision to net charge-offs
-0.72%Efficiency ratio
107,692Assets per employee
3.50%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.81%Loss allowance to noncurrent loans
32.18%Noncurrent assets plus other real estate owned to assets
8.50%Noncurrent loans to loans
5.63%Net loans and leases to deposits
112.42%Net loans and leases to core deposits
134.31%Equity capital to assets
9.04%Core capital (leverage) ratio
8.29%Tier 1 risk-based capital ratio
12.79%Total risk-based capital ratio
Memoranda
$14Average assets
$38,943Average earning assets
$3,292Average equity
$34,860Average loans
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