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
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Standard Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: