FDIC Certificate #: 29732 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Glendale Federal Bank, Federal Savings Bank (#29199) Federal Reserve ID: 594871 Date Established: January 01, 1890 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 3972 FDIC's unique #: 42566 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: June 28, 1937 Last Structure Change Effective Date: July 12, 1998 Last Structure Change Process Date: October 08, 1998 Last Data Update: October 08, 1998 Data Source Date: April 05, 2012
Location
Address: 300 East State Street, Redlands, CA 92373 County: San Bernardino 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): 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)
Financial Summary
Total assets: $1,039.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
273Total employees (full-time equivalent)
$1,001,297Total assets
$34,226Cash and due from depository institutions
$15,736Interest-bearing balances
$36,169Securities
$0Federal funds sold & reverse repurchase agreements
$887,607Net loans & leases
$15,246Loan loss allowance
$0Trading account assets
$16,935Bank premises and fixed assets
$5,893Other real estate owned
$299Goodwill and other intangibles
$0Life insurance assets
$20,168All other assets
$1,001,297Total liabilities and capital
$921,429Total liabilities
$850,745Total deposits
$816,663Interest-bearing deposits
$850,745Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$64,417Other borrowed funds
$0Subordinated debt
$6,267All other liabilities
$79,868Total equity capital
$79,868Total bank equity capital
$79,868Perpetual preferred stock
$0Common stock
$1Surplus
$51,319Undivided profits
Memoranda
$28,548Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$7,675Earning assets
$0Long-term assets (5+ years)
$5,521Average Assets, year-to-date
$939,512Average Assets, quarterly
$0Volatile liabilities
$926,395Insider loans
$979,238FHLB advances
$156,078Loans and leases held for sale
$1,216Unused loan commitments
$60,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$52,233Total unused commitments
$0Restructured Loans and leases
$730,841Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$65,808Total interest income
$36,730Total interest expense
$29,078Net interest income
$1,142Provision for loan and lease losses
$6,363Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$6,363Additional noninterest income
$23,458Total noninterest expense
$12,135Salaries and employee benefits
$5,884Premises and equipment expense
$5,439Additional noninterest expense
$10,841Pre-tax net operating income
$19Securities gains (losses)
-$24Applicable income taxes
$10,884Income before extraordinary items
$0Extraordinary gains - net
$10,884Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2,738Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.62%Yield on earning assets
4.25%Cost of funding earning assets
3.37%Net interest margin
0.74%Noninterest income to earning assets
2.72%Noninterest expense to earning assets
1.17%Net operating income to assets
1.17%Return on assets (ROA)
1.17%Pretax return on assets
14.79%Return on equity (ROE)
14.79%Retained earnings to average equity (YTD only)
0.34%Net charge-offs to loans
41.71%Credit loss provision to net charge-offs
4.38%Efficiency ratio
66,110Assets per employee
3.67%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.69%Loss allowance to noncurrent loans
198.64%Noncurrent assets plus other real estate owned to assets
1.22%Noncurrent loans to loans
0.85%Net loans and leases to deposits
104.33%Net loans and leases to core deposits
116.93%Equity capital to assets
7.98%Core capital (leverage) ratio
7.81%Tier 1 risk-based capital ratio
10.69%Total risk-based capital ratio
Memoranda
$12Average assets
$926,395Average earning assets
$73,577Average equity
$863,776Average loans
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