FDIC Certificate #: 27094 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Beal Bank, SSB (#32574) Federal Reserve ID: 1029325 Date Established: March 01, 1982 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 9448 FDIC's unique #: 38754 Numeric code: 23 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: November 05, 1987 Last Structure Change Effective Date: Febuary 07, 2003 Last Structure Change Process Date: Febuary 12, 2003 Last Data Update: Febuary 12, 2003 Data Source Date: April 05, 2012
Location
Address: 23530 Hawthorne Boulevard, Suite 200, Torrance, CA 90505 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)
Financial Summary
Total assets: $904.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
164Total employees (full-time equivalent)
$904,294Total assets
$41,404Cash and due from depository institutions
$18,902Interest-bearing balances
$116,606Securities
$39,200Federal funds sold & reverse repurchase agreements
$683,836Net loans & leases
$39,981Loan loss allowance
$0Trading account assets
$3,920Bank premises and fixed assets
$29Other real estate owned
$4,873Goodwill and other intangibles
$0Life insurance assets
$14,426All other assets
$904,294Total liabilities and capital
$869,139Total liabilities
$864,160Total deposits
$863,450Interest-bearing deposits
$864,160Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$4,979All other liabilities
$35,155Total equity capital
$35,155Total bank equity capital
$35,155Perpetual preferred stock
$0Common stock
$1,250Surplus
$204,049Undivided profits
Memoranda
$-170,144Noncurrent loans and leases
$288,252Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$78,773Earning assets
$0Long-term assets (5+ years)
$3,901Average Assets, year-to-date
$858,544Average Assets, quarterly
$145,930Volatile liabilities
$1,173,503Insider loans
$999,658FHLB advances
$223,588Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$13,323Total risk weighted assets
$288,252Total unused commitments
$0Restructured Loans and leases
$9,188Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$82,005Total interest income
$39,850Total interest expense
$42,155Net interest income
$65,602Provision for loan and lease losses
$7,765Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
-$500Trading account gains & fees
$8,265Additional noninterest income
$43,671Total noninterest expense
$17,256Salaries and employee benefits
$6,969Premises and equipment expense
$19,446Additional noninterest expense
-$59,353Pre-tax net operating income
$461Securities gains (losses)
-$13,636Applicable income taxes
-$45,256Income before extraordinary items
$0Extraordinary gains - net
-$45,256Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$93,856Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.63%Yield on earning assets
3.71%Cost of funding earning assets
3.92%Net interest margin
0.72%Noninterest income to earning assets
4.06%Noninterest expense to earning assets
-3.89%Net operating income to assets
-3.86%Return on assets (ROA)
-5.02%Pretax return on assets
-89.75%Return on equity (ROE)
-89.75%Retained earnings to average equity (YTD only)
9.10%Net charge-offs to loans
69.90%Credit loss provision to net charge-offs
0.07%Efficiency ratio
87,482Assets per employee
5.51%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
5.52%Loss allowance to noncurrent loans
50.75%Noncurrent assets plus other real estate owned to assets
8.71%Noncurrent loans to loans
10.88%Net loans and leases to deposits
79.13%Net loans and leases to core deposits
106.75%Equity capital to assets
3.89%Core capital (leverage) ratio
2.98%Tier 1 risk-based capital ratio
4.33%Total risk-based capital ratio
Memoranda
$6Average assets
$1,173,503Average earning assets
$50,422Average equity
$1,075,342Average loans
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