United Labor Bank, F.S.B. in Oakland, California (CA), WA
Overview, Financial Summary, Detailed Financial Reports, Branches


  • United Labor Bank, F.S.B. in Oakland, California (CA), WA
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United Labor Bank, F.S.B. - Overview

  • General
  • FDIC Certificate #: 33114
    Status: Active
    Federal Reserve ID: 2132370
    Date Established: May 04, 1990
    WWW: http://www.laborbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 6 (Domestic: 6, Interstate: Yes)
    OTS Docket #: 8855
    FDIC's unique #: 46348
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: May 04, 1990
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 Hegenberger Road, Suite 110, Oakland, CA 94621
    County: Alameda
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: San Francisco
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Oakland, CA (#5775)
    Consolidated Metropolitan Statistical Area (CMSA): San Francisco-Oakland-San Jose, CA (#84)
    Combined Statistical Area (CSA): San Jose-San Francisco-Oakland, CA (#488)
    Core Based Statistical Area (CBSA): San Francisco-Oakland-Fremont, CA (#41860)
    CBSA Metro Statistical Area: San Francisco-Oakland-Fremont, CA (#41860)
    Core Based Statistical Division: Oakland-Fremont-Hayward, CA (#36084)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $297.4 mil
    Equity capital: $25.0 mil
    Deposits held in domestic offices: $267.2 mil
    Return on assets (ROA): 0.41% ($1.2 mil)
    Quarterly return on assets: 0.23% ($0.7 mil)
    Return on Equity (ROE): 4.86% ($1.2 mil)
    Quarterly return on equity: 2.64% ($0.7 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.61% ($1,814.4 mil)
    Quarterly Pretax return on assets: 0.34% ($1,011.3 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, 2011)

  • Dollar figures in thousands
  • 51Total employees (full-time equivalent)
  • $297,445Total assets
  • $93,628Cash and due from depository institutions
  • $83,509Interest-bearing balances
  • $27,739Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $158,871Net loans & leases
  • $2,193Loan loss allowance
  • $0Trading account assets
  • $7,253Bank premises and fixed assets
  • $285Other real estate owned
  • $51Goodwill and other intangibles
  • $297,445Life insurance assets
  • $9,618All other assets
  • $272,474Total liabilities and capital
  • $267,154Total liabilities
  • $146,451Total deposits
  • $267,154Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,000Trading liabilities
  • $0Other borrowed funds
  • $2,320Subordinated debt
  • $24,971All other liabilities
  • $24,971Total equity capital
  • $24,971Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $15,171Surplus
  • $9,700Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,112Income earned, not collected on loans
  • $0Earning assets
  • $879Long-term assets (5+ years)
  • $270,119Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $276,037Volatile liabilities
  • $291,147Insider loans
  • $161,659FHLB advances
  • $296,851Loans and leases held for sale
  • $4,649Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $24,377Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,908Restructured Loans and leases
  • $3,463Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,773Total interest income
  • $573Total interest expense
  • $10,200Net interest income
  • $657Provision for loan and lease losses
  • $866Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $866Additional noninterest income
  • $8,938Total noninterest expense
  • $4,985Salaries and employee benefits
  • $783Premises and equipment expense
  • $3,170Additional noninterest expense
  • $1,471Pre-tax net operating income
  • $211Securities gains (losses)
  • $547Applicable income taxes
  • $1,135Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,135Net income attributable to bank
  • $0Net charge-offs
  • $1,135Cash dividends
  • $597Sale, conversion, retirement of capital stock, net
  • $136Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.31%Yield on earning assets
  • 0.23%Cost of funding earning assets
  • 4.09%Net interest margin
  • 0.35%Noninterest income to earning assets
  • 3.58%Noninterest expense to earning assets
  • 0.36%Net operating income to assets
  • 0.41%Return on assets (ROA)
  • 0.61%Pretax return on assets
  • 4.86%Return on equity (ROE)
  • 4.28%Retained earnings to average equity (YTD only)
  • 0.40%Net charge-offs to loans
  • 110.05%Credit loss provision to net charge-offs
  • 3.56%Efficiency ratio
  • 80,390Assets per employee
  • 5.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 11.98%Loss allowance to loans
  • 1.36%Loss allowance to noncurrent loans
  • 197.21%Noncurrent assets plus other real estate owned to assets
  • 0.47%Noncurrent loans to loans
  • 0.69%Net loans and leases to deposits
  • 59.47%Net loans and leases to core deposits
  • 72.99%Equity capital to assets
  • 8.40%Core capital (leverage) ratio
  • 8.21%Tier 1 risk-based capital ratio
  • 15.08%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $276,037Average earning assets
  • $23,359Average equity
  • $249,674Average loans

List of branches

  • 5 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    046348United Labor Bank, F.S.b.100 Hegenberger Road, Suite 110, Oakland, CA 94621May 04, 1990Full Service Brick and Mortar
    6431445Kilroy Airport Way3750 Kilroy Airport Way, Suite 130, Long Beach, CA 90806November 01, 2002Full Service Brick and Mortar
    7464164Sacramento Branch1164 West National Drive Ste 55, Sacramento, CA 95834September 01, 2005Full Service Brick and Mortar
    8464165San Jose Branch2550 N First Street Ste 102, San Jose, CA 95131May 30, 2006Full Service Brick and Mortar
    9505887San Francisco Branch301 Folsom St, Ste A, San Francisco, CA 94105April 21, 2009Full Service Retail
  • 1 Washington Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    10518122Seattle Washington Branch14900 Interurban Ave S Ste 150, Seattle, WA 98168October 01, 2009Full Service Brick and Mortar

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