Saehan Bank in Los Angeles, California (CA)



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Saehan Bank
GeneralFDIC 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
WWW: http://www.saehanbank.com
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
LocationAddress: 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 ChangesChange in Location
Financial SummaryTotal 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)
Total employees (full-time equivalent)132
Total assets$576,448
Cash and due from depository institutions$100,489
Interest-bearing balances$78,844
Securities$23,151
Federal funds sold & reverse repurchase agreements$70,565
Net loans & leases$365,723
Loan loss allowance $17,221
Trading account assets$0
Bank premises and fixed assets$2,100
Other real estate owned$5,009
Goodwill and other intangibles$1,410
All other assets$8,001
Life insurance assets$576,448
Total liabilities and capital$498,744
Total liabilities$490,815
Total deposits$351,301
Interest-bearing deposits$490,815
Deposits held in domestic offices$87
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$5,000
Other borrowed funds $0
Subordinated debt $2,929
All other liabilities $77,704
Total equity capital$77,704
Total bank equity capital$77,704
Perpetual preferred stock$0
Common stock$121,146
Surplus$0
Undivided profits $-43,442
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $2,837
Income earned, not collected on loans $18,805
Earning assets $0
Long-term assets (5+ years) $1,263
Average Assets, year-to-date $538,283
Average Assets, quarterly $34,656
Volatile liabilities $570,851
Insider loans $569,697
FHLB advances $411,558
Loans and leases held for sale $567,016
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $77,321
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $30,486
Derivatives$1,000
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $25,172
Total interest expense $7,936
Net interest income $17,236
Provision for loan and lease losses $0
Total noninterest income $6,686
Fiduciary activities $0
Service charges on deposit accounts $1,916
Trading account gains & fees $0
Additional noninterest income $4,770
Total noninterest expense $21,602
Salaries and employee benefits $8,950
Premises and equipment expense $4,547
Additional noninterest expense $8,105
Pre-tax net operating income $2,320
Securities gains (losses) $3
Applicable income taxes -$110
Income before extraordinary items $2,433
Extraordinary gains - net $0
Net income attributable to bank $2,433
Net charge-offs $0
Cash dividends $2,433
Sale, conversion, retirement of capital stock, net $8,964
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.69%
Cost of funding earning assets 1.48%
Net interest margin 3.21%
Noninterest income to earning assets 1.25%
Noninterest expense to earning assets 4.02%
Net operating income to assets 0.43%
Return on assets (ROA) 0.43%
Pretax return on assets 0.41%
Return on equity (ROE) 3.45%
Retained earnings to average equity (YTD only) 3.45%
Net charge-offs to loans 2.14%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.26%
Assets per employee$90,302
Cash dividends to net income (YTD only)4.37%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 4.50%
Noncurrent assets plus other real estate owned to assets 91.58%
Noncurrent loans to loans 4.13%
Net loans and leases to deposits4.91%
Net loans and leases to core deposits 74.51%
Equity capital to assets 95.52%
Core capital (leverage) ratio 13.48%
Tier 1 risk-based capital ratio 13.64%
Total risk-based capital ratio 18.79%
Memoranda
Average assets$20
Average earning assets$570,851
Average equity $70,452
Average loans $536,943
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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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