FDIC Certificate #: 23595 Status: Inactive Closing history: Corrections Acquiring institution:Pacific Western Bank (#24045) Federal Reserve ID: 128164 Date Established: December 07, 1981 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) FDIC's unique #: 16527 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: December 07, 1981 Last Structure Change Effective Date: November 07, 2008 Last Structure Change Process Date: November 14, 2008 Last Data Update: November 14, 2008 Data Source Date: April 05, 2012
Location
Address: 12121 Wilshire Boulevard, Suite 1350, Los Angeles, CA 90025 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
Absorption - Assisted
Corrections
Financial Summary
Total assets: $528.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
95Total employees (full-time equivalent)
$594,725Total assets
$11,936Cash and due from depository institutions
$6,179Interest-bearing balances
$2,984Securities
$48,920Federal funds sold & reverse repurchase agreements
$513,998Net loans & leases
$11,296Loan loss allowance
$0Trading account assets
$1,984Bank premises and fixed assets
$2,533Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$12,370All other assets
$594,725Total liabilities and capital
$536,207Total liabilities
$501,563Total deposits
$448,433Interest-bearing deposits
$501,563Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$30,000Other borrowed funds
$0Subordinated debt
$4,644All other liabilities
$58,518Total equity capital
$58,518Total bank equity capital
$58,518Perpetual preferred stock
$0Common stock
$9,978Surplus
$27,930Undivided profits
Memoranda
$20,610Noncurrent loans and leases
$77,599Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$33,980Earning assets
$0Long-term assets (5+ years)
$4,248Average Assets, year-to-date
$572,081Average Assets, quarterly
$14,757Volatile liabilities
$583,867Insider loans
$605,135FHLB advances
$159,573Loans and leases held for sale
$0Unused loan commitments
$30,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$77,599Total unused commitments
$3,095Restructured Loans and leases
$6,995Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$50,053Total interest income
$23,151Total interest expense
$26,902Net interest income
$14,074Provision for loan and lease losses
$1,494Total noninterest income
$0Fiduciary activities
$376Service charges on deposit accounts
$0Trading account gains & fees
$1,118Additional noninterest income
$15,668Total noninterest expense
$9,583Salaries and employee benefits
$1,435Premises and equipment expense
$4,650Additional noninterest expense
-$1,346Pre-tax net operating income
$0Securities gains (losses)
-$110Applicable income taxes
-$1,236Income before extraordinary items
$0Extraordinary gains - net
-$1,236Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$9,422Sale, conversion, retirement of capital stock, net
$13,000Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.91%Yield on earning assets
4.12%Cost of funding earning assets
4.79%Net interest margin
0.27%Noninterest income to earning assets
2.79%Noninterest expense to earning assets
-0.21%Net operating income to assets
-0.21%Return on assets (ROA)
-0.23%Pretax return on assets
-2.01%Return on equity (ROE)
-23.11%Retained earnings to average equity (YTD only)
1.84%Net charge-offs to loans
149.37%Credit loss provision to net charge-offs
1.35%Efficiency ratio
55,177Assets per employee
6.26%Cash dividends to net income (YTD only)
Condition Ratios (%)
-1051.78%Loss allowance to loans
2.15%Loss allowance to noncurrent loans
33.24%Noncurrent assets plus other real estate owned to assets
6.14%Noncurrent loans to loans
6.47%Net loans and leases to deposits
102.48%Net loans and leases to core deposits
150.30%Equity capital to assets
9.84%Core capital (leverage) ratio
9.53%Tier 1 risk-based capital ratio
10.54%Total risk-based capital ratio
Memoranda
$12Average assets
$583,867Average earning assets
$61,590Average equity
$561,680Average loans
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