Torrance Bank, S.S.B. in Torrance, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 1996

  • Torrance Bank, S.S.B. in Torrance, California (CA)
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Torrance Bank, S.S.B. - Overview

  • General
  • FDIC Certificate #: 32453
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Regency Savings Bank, A FSB (#27770)
    Federal Reserve ID: 249078
    Date Established: Febuary 11, 1986
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 8280
    FDIC's unique #: 45287
    Numeric code: 35
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: Febuary 11, 1986
    Last Structure Change Effective Date: July 01, 1996
    Last Structure Change Process Date: August 28, 1996
    Last Data Update: September 17, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 22733 Hawthorne Blvd, 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)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $108.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $14Total assets
  • $114,634Cash and due from depository institutions
  • $2,553Interest-bearing balances
  • $2,273Securities
  • $10,593Federal funds sold & reverse repurchase agreements
  • $4,400Net loans & leases
  • $89,825Loan loss allowance
  • $3,826Trading account assets
  • $0Bank premises and fixed assets
  • $384Other real estate owned
  • $4,755Goodwill and other intangibles
  • $2,124Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $114,634Total liabilities
  • $110,728Total deposits
  • $104,554Interest-bearing deposits
  • $103,782Deposits held in domestic offices
  • 104554.00%% insured (estimated)
  • $97Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $6,000Subordinated debt
  • $0All other liabilities
  • $174Total equity capital
  • $174Total bank equity capital
  • $3,906Perpetual preferred stock
  • $0Common stock
  • $2,576Surplus
  • $815Undivided profits
  • Memoranda
  • $515Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,789Income earned, not collected on loans
  • $623Earning assets
  • $107,091Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $118,373Average Assets, quarterly
  • $115,368Volatile liabilities
  • $14,487Insider loans
  • $1,534FHLB advances
  • $6,000Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,943Total risk weighted assets
  • $83,034Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $8,513Total interest expense
  • $5,917Net interest income
  • $2,596Provision for loan and lease losses
  • $3,095Total noninterest income
  • -$24Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • -$24Total noninterest expense
  • $2,863Salaries and employee benefits
  • $1,124Premises and equipment expense
  • $443Additional noninterest expense
  • $1,296Pre-tax net operating income
  • -$3,386Securities gains (losses)
  • $0Applicable income taxes
  • -$1,054Income before extraordinary items
  • -$2,332Extraordinary gains - net
  • $0Net income attributable to bank
  • -$2,332Net charge-offs
  • $2,074Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.69%Cost of funding earning assets
  • 5.35%Net interest margin
  • 2.35%Noninterest income to earning assets
  • -0.02%Noninterest expense to earning assets
  • 2.59%Net operating income to assets
  • -1.97%Return on assets (ROA)
  • -1.97%Pretax return on assets
  • -2.86%Return on equity (ROE)
  • -39.68%Retained earnings to average equity (YTD only)
  • -39.68%Net charge-offs to loans
  • 2.11%Credit loss provision to net charge-offs
  • 149.23%Efficiency ratio
  • 111,314Assets per employee
  • 8.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.09%Loss allowance to noncurrent loans
  • 213.86%Noncurrent assets plus other real estate owned to assets
  • 5.71%Noncurrent loans to loans
  • 1.91%Net loans and leases to deposits
  • 85.91%Net loans and leases to core deposits
  • 93.50%Equity capital to assets
  • 3.41%Core capital (leverage) ratio
  • 3.44%Tier 1 risk-based capital ratio
  • 4.75%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $118,373Average earning assets
  • $5,878Average equity
  • $110,659Average loans

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