Sterling Bank in Los Angeles, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 03, 1998

  • Sterling Bank in Los Angeles, California (CA)
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Sterling Bank - Overview

  • General
  • FDIC Certificate #: 23236
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Pacific Bank, National Association (#24706)
    Federal Reserve ID: 718266
    Date Established: November 05, 1980
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    FDIC's unique #: 16283
    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: November 05, 1980
    Last Structure Change Effective Date: July 03, 1998
    Last Structure Change Process Date: July 22, 1998
    Last Data Update: July 22, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 3287 Wilshire Boulevard, Los Angeles, CA 90010
    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: $106.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 55Total employees (full-time equivalent)
  • $101,282Total assets
  • $6,935Cash and due from depository institutions
  • $99Interest-bearing balances
  • $10,637Securities
  • $15,000Federal funds sold & reverse repurchase agreements
  • $64,776Net loans & leases
  • $1,072Loan loss allowance
  • $0Trading account assets
  • $1,045Bank premises and fixed assets
  • $1,780Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,109All other assets
  • $101,282Total liabilities and capital
  • $94,689Total liabilities
  • $94,302Total deposits
  • $60,743Interest-bearing deposits
  • $94,302Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $387All other liabilities
  • $6,593Total equity capital
  • $6,593Total bank equity capital
  • $6,593Perpetual preferred stock
  • $0Common stock
  • $4,475Surplus
  • $8,167Undivided profits
  • Memoranda
  • $-6,049Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $781Earning assets
  • $0Long-term assets (5+ years)
  • $432Average Assets, year-to-date
  • $90,512Average Assets, quarterly
  • $10,034Volatile liabilities
  • $100,699Insider loans
  • $101,028FHLB advances
  • $5,744Loans and leases held for sale
  • $1,650Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,884Total unused commitments
  • $0Restructured Loans and leases
  • $71,250Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $8,401Total interest income
  • $2,503Total interest expense
  • $5,898Net interest income
  • $1,237Provision for loan and lease losses
  • $1,077Total noninterest income
  • $0Fiduciary activities
  • $620Service charges on deposit accounts
  • $0Trading account gains & fees
  • $457Additional noninterest income
  • $6,331Total noninterest expense
  • $2,842Salaries and employee benefits
  • $1,035Premises and equipment expense
  • $2,454Additional noninterest expense
  • -$593Pre-tax net operating income
  • $0Securities gains (losses)
  • $314Applicable income taxes
  • -$907Income before extraordinary items
  • $0Extraordinary gains - net
  • -$907Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,410Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.36%Yield on earning assets
  • 2.79%Cost of funding earning assets
  • 6.57%Net interest margin
  • 1.20%Noninterest income to earning assets
  • 7.05%Noninterest expense to earning assets
  • -0.90%Net operating income to assets
  • -0.90%Return on assets (ROA)
  • -0.59%Pretax return on assets
  • -14.06%Return on equity (ROE)
  • -14.06%Retained earnings to average equity (YTD only)
  • 2.12%Net charge-offs to loans
  • 87.73%Credit loss provision to net charge-offs
  • 0.46%Efficiency ratio
  • 90,767Assets per employee
  • 1.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.63%Loss allowance to noncurrent loans
  • 137.26%Noncurrent assets plus other real estate owned to assets
  • 2.53%Noncurrent loans to loans
  • 1.19%Net loans and leases to deposits
  • 68.69%Net loans and leases to core deposits
  • 73.15%Equity capital to assets
  • 6.51%Core capital (leverage) ratio
  • 6.42%Tier 1 risk-based capital ratio
  • 9.25%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $100,699Average earning assets
  • $6,453Average equity
  • $89,766Average loans

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