Tokai Bank of California in Los Angeles, California (CA)

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Tokai Bank of California
GeneralFDIC Certificate #: 18825
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: UNITED CALIFORNIA BANK (#20589)
Federal Reserve ID: 930563
Date Established: July 08, 1963
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 12 (Interstate: No)
FDIC's unique #: 12682
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: July 08, 1963
Last Structure Change Effective Date: July 02, 2001
Last Structure Change Process Date: August 24, 2001
Last Data Update: August 24, 2001
Data Source Date: April 05, 2012
LocationAddress: 300 South Grand Avenue, Los Angeles, CA 90071
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 SummaryTotal assets: $1,854.2 mil

1992 - 1999 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, 2000)
(Dollar figures in thousands)
Total employees (full-time equivalent)404
Total assets$1,912,623
Cash and due from depository institutions$60,716
Interest-bearing balances$200
Federal funds sold & reverse repurchase agreements$34,085
Net loans & leases$1,674,213
Loan loss allowance $30,947
Trading account assets$0
Bank premises and fixed assets$6,908
Other real estate owned$1,669
Goodwill and other intangibles$0
All other assets$30,398
Life insurance assets$0
Total liabilities and capital$1,912,623
Total liabilities$1,707,792
Total deposits$1,520,474
Interest-bearing deposits$1,194,984
Deposits held in domestic offices$1,520,474
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $159,009
Subordinated debt $0
All other liabilities $28,309
Total equity capital$204,831
Total bank equity capital$204,831
Perpetual preferred stock$204,831
Common stock$0
Undivided profits $0
Noncurrent loans and leases $88,514
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $577,820
Income earned, not collected on loans $0
Earning assets $4,192
Long-term assets (5+ years) $0
Average Assets, year-to-date $11,219
Average Assets, quarterly $1,813,132
Volatile liabilities $192,053
Insider loans $1,982,825
FHLB advances $1,953,606
Loans and leases held for sale $743,464
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $21,370
Total risk weighted assets $0
Total unused commitments $577,820
Restructured Loans and leases $0
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Income and Expense (December 31, 2000)
(Dollar figures in thousands)
Total interest income $177,392
Total interest expense $88,051
Net interest income $89,341
Provision for loan and lease losses -$70
Total noninterest income $6,625
Fiduciary activities $0
Service charges on deposit accounts $1,877
Trading account gains & fees $0
Additional noninterest income $4,748
Total noninterest expense $49,963
Salaries and employee benefits $27,669
Premises and equipment expense $7,504
Additional noninterest expense $14,790
Pre-tax net operating income $46,073
Securities gains (losses) $0
Applicable income taxes $17,842
Income before extraordinary items $28,231
Extraordinary gains - net $0
Net income attributable to bank $28,231
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net -$376
Net operating income $11,000
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Performance and Condition Ratios (December 31, 2000)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets9.45%
Cost of funding earning assets 4.69%
Net interest margin 4.76%
Noninterest income to earning assets 0.35%
Noninterest expense to earning assets 2.66%
Net operating income to assets 1.42%
Return on assets (ROA) 1.42%
Pretax return on assets 2.32%
Return on equity (ROE) 14.69%
Retained earnings to average equity (YTD only) 8.96%
Net charge-offs to loans -0.02%
Credit loss provision to net charge-offs 18.62%
Efficiency ratio0.00%
Assets per employee$52,063
Cash dividends to net income (YTD only)4.73%
Condition Ratios (%)
Loss allowance to loans 38.96%
Loss allowance to noncurrent loans 1.81%
Noncurrent assets plus other real estate owned to assets 738.24%
Noncurrent loans to loans 0.31%
Net loans and leases to deposits0.25%
Net loans and leases to core deposits 110.11%
Equity capital to assets 178.87%
Core capital (leverage) ratio 10.71%
Tier 1 risk-based capital ratio 10.30%
Total risk-based capital ratio 10.19%
Average assets$11
Average earning assets$1,982,825
Average equity $192,235
Average loans $1,876,243
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