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

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

  • General
  • FDIC Certificate #: 33435
    Status: Active
    Federal Reserve ID: 1865680
    Bank Holding Company (Regulatory Top Holder): Saehan Bancorp (RSSDID: 2603928, Location: Los Angeles, CA)
    Date Established: June 12, 1991
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 11 (Domestic: 11, Interstate: No)
    FDIC's unique #: 47119
    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: June 12, 1991
    Last Structure Change Effective Date: March 05, 2012
    Last Structure Change Process Date: March 05, 2012
    Last Data Update: March 05, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 3580 Wilshire Boulevard, Suite 600, Los Angeles, CA 90010
    County: Los Angeles
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Los Angeles (West)
    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
  • Change in Location
  • Financial Summary
  • Total assets: $576.4 mil
    Equity capital: $77.7 mil
    Deposits held in domestic offices: $490.8 mil
    Return on assets (ROA): 0.43% ($2.5 mil)
    Quarterly return on assets: 0.09% ($0.5 mil)
    Return on Equity (ROE): 3.45% ($2.7 mil)
    Quarterly return on equity: 0.64% ($0.5 mil)
    Net income: $2.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.41% ($2,363.4 mil)
    Quarterly Pretax return on assets: 0.09% ($518.8 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
  • 132Total employees (full-time equivalent)
  • $576,448Total assets
  • $100,489Cash and due from depository institutions
  • $78,844Interest-bearing balances
  • $23,151Securities
  • $70,565Federal funds sold & reverse repurchase agreements
  • $365,723Net loans & leases
  • $17,221Loan loss allowance
  • $0Trading account assets
  • $2,100Bank premises and fixed assets
  • $5,009Other real estate owned
  • $1,410Goodwill and other intangibles
  • $576,448Life insurance assets
  • $8,001All other assets
  • $498,744Total liabilities and capital
  • $490,815Total liabilities
  • $351,301Total deposits
  • $490,815Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $2,929Subordinated debt
  • $77,704All other liabilities
  • $77,704Total equity capital
  • $77,704Total bank equity capital
  • $0Perpetual preferred stock
  • $121,146Common stock
  • $0Surplus
  • $-43,442Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,837Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $18,805Income earned, not collected on loans
  • $0Earning assets
  • $1,263Long-term assets (5+ years)
  • $538,283Average Assets, year-to-date
  • $34,656Average Assets, quarterly
  • $570,851Volatile liabilities
  • $569,697Insider loans
  • $411,558FHLB advances
  • $567,016Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $77,321Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $30,486Restructured Loans and leases
  • $1,000Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $25,172Total interest income
  • $7,936Total interest expense
  • $17,236Net interest income
  • $0Provision for loan and lease losses
  • $6,686Total noninterest income
  • $0Fiduciary activities
  • $1,916Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,770Additional noninterest income
  • $21,602Total noninterest expense
  • $8,950Salaries and employee benefits
  • $4,547Premises and equipment expense
  • $8,105Additional noninterest expense
  • $2,320Pre-tax net operating income
  • $3Securities gains (losses)
  • -$110Applicable income taxes
  • $2,433Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,433Net income attributable to bank
  • $0Net charge-offs
  • $2,433Cash dividends
  • $8,964Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.69%Yield on earning assets
  • 1.48%Cost of funding earning assets
  • 3.21%Net interest margin
  • 1.25%Noninterest income to earning assets
  • 4.02%Noninterest expense to earning assets
  • 0.43%Net operating income to assets
  • 0.43%Return on assets (ROA)
  • 0.41%Pretax return on assets
  • 3.45%Return on equity (ROE)
  • 3.45%Retained earnings to average equity (YTD only)
  • 2.14%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.26%Efficiency ratio
  • 90,302Assets per employee
  • 4.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.50%Loss allowance to noncurrent loans
  • 91.58%Noncurrent assets plus other real estate owned to assets
  • 4.13%Noncurrent loans to loans
  • 4.91%Net loans and leases to deposits
  • 74.51%Net loans and leases to core deposits
  • 95.52%Equity capital to assets
  • 13.48%Core capital (leverage) ratio
  • 13.64%Tier 1 risk-based capital ratio
  • 18.79%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $570,851Average earning assets
  • $70,452Average equity
  • $536,943Average loans

List of branches

  • 11 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    047119Saehan Bank3580 Wilshire Boulevard, Suite 600, Los Angeles, CA 90010June 12, 1991Full Service Brick and Mortar
    1289616Fullerton Branch4542 Beach Boulevard, Buena Park, CA 90621November 12, 1998Full Service Brick and Mortar
    2289617Downtown Branch1100 South San Pedro Street, Unit L21-L25, Los Angeles, CA 90015April 12, 1996Full Service Brick and Mortar
    3301140Western Branch550 South Western Avenue, Los Angeles, CA 90020March 13, 2000Full Service Brick and Mortar
    4358798La Crescenta2750 Foothill Boulevard, La Crescenta, CA 91214September 12, 2000Full Service Brick and Mortar
    5358804Rowland Heights19036 Colima Road, #a, Rowland Heights, CA 91748September 22, 2000Full Service Brick and Mortar
    6364528Wilshire Office Branch3580 Wilshire Blvd #120, Los Angeles, CA 90010November 09, 2001Full Service Brick and Mortar
    7436969Torrance Branch22501 Crenshaw Boulevard, Suite 400, Torrance, CA 90505January 20, 2005Full Service Brick and Mortar
    8452568Gardena Branch2124 Redondo Beach Blvd., Torrance, CA 90504June 26, 2006Full Service Brick and Mortar
    9458378Irvine Branch14725 Jeffrey Road, Irvine, CA 92618January 22, 2007Full Service Brick and Mortar
    10474039Olympic Branch3224 West Olympic Blvd, Los Angeles, CA 90006April 23, 2008Full Service Brick and Mortar

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