UNITED CALIFORNIA BANK in Los Angeles, California (CA)



Show street view No street view available for this location
Table of contents:
UNITED CALIFORNIA BANK
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
Securities$549,871
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
Surplus$543,210
Undivided profits $249,334
Memoranda
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
Derivatives$123,061
Back to page top, Back to table top

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
Back to page top, Back to table top

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%
Memoranda
Average assets$12
Average earning assets$10,870,141
Average equity $1,083,278
Average loans $9,736,363
Back to page top, Back to table top

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
Back to page top, Back to table top

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
Back to page top, Back to table top

User Contributions:

Comment about this bank, ask questions, or add new information about it:

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with UNITED CALIFORNIA 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.