Saigon National Bank in Westminster, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Saigon National Bank in Westminster, California (CA)
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Saigon National Bank - Overview

  • General
  • FDIC Certificate #: 57974
    Status: Active
    Federal Reserve ID: 3394380
    Date Established: November 30, 2005
    WWW: http://www.saigonnational.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 432852
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 30, 2005
    Last Structure Change Effective Date: Febuary 17, 2010
    Last Structure Change Process Date: Febuary 17, 2010
    Last Data Update: Febuary 17, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 15606 Brookhurst St, Suite C, Westminster, CA 92683
    County: Orange
    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): Orange County, CA (#5945)
    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: Santa Ana-Anaheim-Irvine, CA (#42044)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $58.6 mil
    Equity capital: $9.9 mil
    Deposits held in domestic offices: $46.5 mil
    Return on assets (ROA): -1.54% (-$0.9 mil)
    Quarterly return on assets: -0.65% (-$0.4 mil)
    Return on Equity (ROE): -11.20% (-$1.1 mil)
    Quarterly return on equity: -4.10% (-$0.4 mil)
    Net income: -$0.9 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -1.54% (-$901.9 mil)
    Quarterly Pretax return on assets: -0.65% (-$380.7 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
  • 14Total employees (full-time equivalent)
  • $58,567Total assets
  • $13,531Cash and due from depository institutions
  • $12,999Interest-bearing balances
  • $4,904Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $35,659Net loans & leases
  • $1,840Loan loss allowance
  • $0Trading account assets
  • $21Bank premises and fixed assets
  • $2,113Other real estate owned
  • $0Goodwill and other intangibles
  • $58,567Life insurance assets
  • $2,339All other assets
  • $48,647Total liabilities and capital
  • $46,489Total liabilities
  • $43,828Total deposits
  • $46,489Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,000Trading liabilities
  • $0Other borrowed funds
  • $158Subordinated debt
  • $9,920All other liabilities
  • $9,920Total equity capital
  • $9,920Total bank equity capital
  • $1,598Perpetual preferred stock
  • $23,796Common stock
  • $721Surplus
  • $-16,195Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,326Income earned, not collected on loans
  • $0Earning assets
  • $148Long-term assets (5+ years)
  • $53,562Average Assets, year-to-date
  • $9,284Average Assets, quarterly
  • $58,656Volatile liabilities
  • $56,889Insider loans
  • $42,706FHLB advances
  • $56,293Loans and leases held for sale
  • $1,502Unused loan commitments
  • $751Tier 1 (core) risk-based capital
  • $9,843Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $751Total unused commitments
  • $1,379Restructured Loans and leases
  • $1,648Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,667Total interest income
  • $640Total interest expense
  • $2,027Net interest income
  • $163Provision for loan and lease losses
  • $70Total noninterest income
  • $0Fiduciary activities
  • $60Service charges on deposit accounts
  • $0Trading account gains & fees
  • $10Additional noninterest income
  • $2,837Total noninterest expense
  • $1,237Salaries and employee benefits
  • $171Premises and equipment expense
  • $1,429Additional noninterest expense
  • -$903Pre-tax net operating income
  • $0Securities gains (losses)
  • $1Applicable income taxes
  • -$904Income before extraordinary items
  • $0Extraordinary gains - net
  • -$904Net income attributable to bank
  • $0Net charge-offs
  • -$904Cash dividends
  • $872Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.88%Yield on earning assets
  • 1.17%Cost of funding earning assets
  • 3.71%Net interest margin
  • 0.13%Noninterest income to earning assets
  • 5.19%Noninterest expense to earning assets
  • -1.54%Net operating income to assets
  • -1.54%Return on assets (ROA)
  • -1.54%Pretax return on assets
  • -11.20%Return on equity (ROE)
  • -11.20%Retained earnings to average equity (YTD only)
  • 2.24%Net charge-offs to loans
  • 18.69%Credit loss provision to net charge-offs
  • -0.85%Efficiency ratio
  • 135,289Assets per employee
  • 4.18%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.91%Loss allowance to noncurrent loans
  • 79.11%Noncurrent assets plus other real estate owned to assets
  • 7.58%Noncurrent loans to loans
  • 6.20%Net loans and leases to deposits
  • 76.70%Net loans and leases to core deposits
  • 78.59%Equity capital to assets
  • 16.94%Core capital (leverage) ratio
  • 17.49%Tier 1 risk-based capital ratio
  • 23.05%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $58,656Average earning assets
  • $8,073Average equity
  • $54,610Average loans

List of branches

  • 1 California Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0432852Saigon National Bank15606 Brookhurst St, Suite C, Westminster, CA 92683November 30, 2005Full Service Brick and Mortar

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