Standard Bank in Monterey Park, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 18, 2006

  • Standard Bank in Monterey Park, California (CA)
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Standard Bank - Overview

  • General
  • FDIC Certificate #: 32111
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: East West Bank (#31628)
    Federal Reserve ID: 488970
    Date Established: January 01, 1980
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 7865
    FDIC's unique #: 44945
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: January 26, 1982
    Last Structure Change Effective Date: March 18, 2006
    Last Structure Change Process Date: March 30, 2006
    Last Data Update: March 30, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 228 West Garvey Avenue, Monterey Park, CA 91754
    County: Los Angeles
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Los Angeles (North)
    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: $922.5 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, 2005)

  • Dollar figures in thousands
  • 96Total employees (full-time equivalent)
  • $922,548Total assets
  • $7,898Cash and due from depository institutions
  • $1,679Interest-bearing balances
  • $369,799Securities
  • $28,727Federal funds sold & reverse repurchase agreements
  • $500,321Net loans & leases
  • $2,884Loan loss allowance
  • $0Trading account assets
  • $2,319Bank premises and fixed assets
  • $0Other real estate owned
  • $63Goodwill and other intangibles
  • $0Life insurance assets
  • $13,421All other assets
  • $922,548Total liabilities and capital
  • $823,029Total liabilities
  • $746,926Total deposits
  • $713,230Interest-bearing deposits
  • $746,926Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $70,089Other borrowed funds
  • $0Subordinated debt
  • $6,014All other liabilities
  • $99,519Total equity capital
  • $99,519Total bank equity capital
  • $99,519Perpetual preferred stock
  • $0Common stock
  • $1,819Surplus
  • $1,817Undivided profits
  • Memoranda
  • $95,883Noncurrent loans and leases
  • $21,668Noncurrent 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)
  • $4,482Average Assets, year-to-date
  • $900,526Average Assets, quarterly
  • $0Volatile liabilities
  • $935,161Insider loans
  • $918,294FHLB advances
  • $478,662Loans and leases held for sale
  • $0Unused loan commitments
  • $70,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $21,668Total unused commitments
  • $9,418Restructured Loans and leases
  • $2,884Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $45,808Total interest income
  • $21,789Total interest expense
  • $24,019Net interest income
  • -$238Provision for loan and lease losses
  • $808Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $808Additional noninterest income
  • $9,268Total noninterest expense
  • $5,191Salaries and employee benefits
  • $1,521Premises and equipment expense
  • $2,556Additional noninterest expense
  • $15,797Pre-tax net operating income
  • -$8Securities gains (losses)
  • $6,381Applicable income taxes
  • $9,408Income before extraordinary items
  • $0Extraordinary gains - net
  • $9,408Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $2Sale, conversion, retirement of capital stock, net
  • $4,193Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.01%Yield on earning assets
  • 2.38%Cost of funding earning assets
  • 2.63%Net interest margin
  • 0.09%Noninterest income to earning assets
  • 1.01%Noninterest expense to earning assets
  • 1.01%Net operating income to assets
  • 1.01%Return on assets (ROA)
  • 1.69%Pretax return on assets
  • 9.49%Return on equity (ROE)
  • 5.26%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • -11900.00%Credit loss provision to net charge-offs
  • 7779.50%Efficiency ratio
  • 37,234Assets per employee
  • 9.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 44.57%Loss allowance to loans
  • 0.57%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
  • 66.98%Net loans and leases to core deposits
  • 147.87%Equity capital to assets
  • 10.79%Core capital (leverage) ratio
  • 11.00%Tier 1 risk-based capital ratio
  • 17.86%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $935,161Average earning assets
  • $99,113Average equity
  • $914,453Average loans

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