South Coast Commercial Bank in Irvine, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 05, 2005

  • South Coast Commercial Bank in Irvine, California (CA)
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South Coast Commercial Bank - Overview

  • General
  • FDIC Certificate #: 26015
    Status: Inactive
    Closing history: Office Sold
    Acquiring institution: Woori America Bank (#24920)
    Federal Reserve ID: 1016062
    Date Established: April 15, 1980
    WWW: http://www.sccb.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 32295
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: March 11, 1985
    Last Structure Change Effective Date: December 05, 2005
    Last Structure Change Process Date: January 18, 2006
    Last Data Update: January 18, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 19752 Mac Arthur Boulevard, Irvine, CA 92715
    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
  • Merger - Without Assistance
    Office Sold
  • Financial Summary
  • Total assets: $164.6 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, 2004)

  • Dollar figures in thousands
  • 33Total employees (full-time equivalent)
  • $146,513Total assets
  • $13,065Cash and due from depository institutions
  • $11,781Interest-bearing balances
  • $4,528Securities
  • $7,000Federal funds sold & reverse repurchase agreements
  • $119,521Net loans & leases
  • $1,183Loan loss allowance
  • $0Trading account assets
  • $1,774Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $625All other assets
  • $146,513Total liabilities and capital
  • $130,005Total liabilities
  • $129,538Total deposits
  • $127,992Interest-bearing deposits
  • $129,538Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $467All other liabilities
  • $16,508Total equity capital
  • $16,508Total bank equity capital
  • $16,508Perpetual preferred stock
  • $0Common stock
  • $850Surplus
  • $1,378Undivided profits
  • Memoranda
  • $14,280Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $481Average Assets, year-to-date
  • $142,830Average Assets, quarterly
  • $919Volatile liabilities
  • $142,887Insider loans
  • $146,010FHLB advances
  • $36,859Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $369Restructured Loans and leases
  • $1,183Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $10,092Total interest income
  • $3,772Total interest expense
  • $6,320Net interest income
  • -$55Provision for loan and lease losses
  • $3Total noninterest income
  • $0Fiduciary activities
  • $2Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1Additional noninterest income
  • $3,364Total noninterest expense
  • $2,439Salaries and employee benefits
  • $282Premises and equipment expense
  • $643Additional noninterest expense
  • $3,014Pre-tax net operating income
  • $0Securities gains (losses)
  • $106Applicable income taxes
  • $2,908Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,908Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$27Sale, conversion, retirement of capital stock, net
  • $2,018Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.27%Yield on earning assets
  • 2.72%Cost of funding earning assets
  • 4.55%Net interest margin
  • 0.00%Noninterest income to earning assets
  • 2.42%Noninterest expense to earning assets
  • 2.04%Net operating income to assets
  • 2.04%Return on assets (ROA)
  • 2.11%Pretax return on assets
  • 18.14%Return on equity (ROE)
  • 5.55%Retained earnings to average equity (YTD only)
  • -0.02%Net charge-offs to loans
  • 203.70%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 53,203Assets per employee
  • 4.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 69.39%Loss allowance to loans
  • 0.98%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 92.27%Net loans and leases to core deposits
  • 128.96%Equity capital to assets
  • 11.27%Core capital (leverage) ratio
  • 11.24%Tier 1 risk-based capital ratio
  • 13.07%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $142,887Average earning assets
  • $16,033Average equity
  • $138,870Average loans

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