UNITED CALIFORNIA BANK in Los Angeles, California (CA)

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Table of contents:
GeneralFDIC Certificate #: 20589
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Bank of the West (#3514)
Federal Reserve ID: 438368
Date Established: January 05, 1972
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 121 (Interstate: No)
OTS Docket #: 13000
FDIC's unique #: 14207
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: January 05, 1972
Last Structure Change Effective Date: April 01, 2002
Last Structure Change Process Date: May 01, 2002
Last Data Update: May 01, 2002
Data Source Date: April 05, 2012
LocationAddress: 601 South Figueroa Street, Los Angeles, CA 90017
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: $11,457.3 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, 2001)
(Dollar figures in thousands)
Total employees (full-time equivalent)2,757
Total assets$10,523,563
Cash and due from depository institutions$627,436
Interest-bearing balances$25,205
Federal funds sold & reverse repurchase agreements$3,500
Net loans & leases$8,799,040
Loan loss allowance $203,766
Trading account assets$121,711
Bank premises and fixed assets$106,397
Other real estate owned$996
Goodwill and other intangibles$0
All other assets$314,612
Life insurance assets$0
Total liabilities and capital$10,523,563
Total liabilities$9,439,537
Total deposits$8,712,823
Interest-bearing deposits$5,744,461
Deposits held in domestic offices$8,285,120
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $285,915
Trading liabilities$41,742
Other borrowed funds $253,461
Subordinated debt $0
All other liabilities $145,596
Total equity capital$1,084,026
Total bank equity capital$1,084,026
Perpetual preferred stock$1,084,026
Common stock$0
Undivided profits $249,334
Noncurrent loans and leases $291,482
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $3,381,430
Income earned, not collected on loans $0
Earning assets $143,413
Long-term assets (5+ years) $0
Average Assets, year-to-date $41,046
Average Assets, quarterly $9,454,183
Volatile liabilities $2,805,708
Insider loans $10,870,141
FHLB advances $10,643,220
Loans and leases held for sale $1,925,196
Unused loan commitments $688
Tier 1 (core) risk-based capital $200,000
Tier 2 risk-based capital $3,088,572
Total risk weighted assets $0
Total unused commitments $3,381,430
Restructured Loans and leases $1,713
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Income and Expense (December 31, 2001)
(Dollar figures in thousands)
Total interest income $737,185
Total interest expense $259,619
Net interest income $477,566
Provision for loan and lease losses $54,544
Total noninterest income $127,196
Fiduciary activities $11,673
Service charges on deposit accounts $34,741
Trading account gains & fees $13,571
Additional noninterest income $67,211
Total noninterest expense $378,861
Salaries and employee benefits $218,026
Premises and equipment expense $53,703
Additional noninterest expense $107,132
Pre-tax net operating income $171,357
Securities gains (losses) $0
Applicable income taxes $57,961
Income before extraordinary items $113,396
Extraordinary gains - net $6,304
Net income attributable to bank $119,700
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $34,124
Net operating income $126,169
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Performance and Condition Ratios (December 31, 2001)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.57%
Cost of funding earning assets 2.67%
Net interest margin 4.90%
Noninterest income to earning assets 1.31%
Noninterest expense to earning assets 3.89%
Net operating income to assets 1.04%
Return on assets (ROA) 1.10%
Pretax return on assets 1.63%
Return on equity (ROE) 11.05%
Retained earnings to average equity (YTD only) -0.60%
Net charge-offs to loans 0.38%
Credit loss provision to net charge-offs 159.84%
Efficiency ratio6.62%
Assets per employee$62,397
Cash dividends to net income (YTD only)3.82%
Condition Ratios (%)
Loss allowance to loans 105.40%
Loss allowance to noncurrent loans 2.26%
Noncurrent assets plus other real estate owned to assets 142.08%
Noncurrent loans to loans 1.37%
Net loans and leases to deposits1.59%
Net loans and leases to core deposits 100.99%
Equity capital to assets 123.52%
Core capital (leverage) ratio 10.30%
Tier 1 risk-based capital ratio 10.08%
Total risk-based capital ratio 10.93%
Average assets$12
Average earning assets$10,870,141
Average equity $1,083,278
Average loans $9,736,363
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Total Fiduciary and Related Assets (December 31, 2001)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$1,347,722
Number of Accounts1
Personal trust and agency accounts$1,231,188
Employee benefit-defined contribution accounts$849,170
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$19,443
Investment management agency accounts$0
Other fiduciary accounts$362,575
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts1558
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$116,534
Corporate trust and agency accounts$84,255
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$32,279
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Bank Assets Sold and Securitized (December 31, 2001)
(Dollar figures in thousands)
Principal balance with servicing or other recourse retained
1-4 family residential loans $35,730
Home equity lines$0
Credit cards receivables$1,330
Auto loans$0
Other consumer loans$0
Commercial and industrial loans$0
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