FDIC Certificate #: 33483 Status: Inactive Closing history: Participated in Reorganization Acquiring institution:Pacific Western Bank (#24045) Federal Reserve ID: 1884140 Date Established: August 19, 1991 WWW:http://www.verdugobanking.com Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Interstate: No) FDIC's unique #: 47191 Numeric code: 13 Regulator: FED 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: August 19, 1991 Last Structure Change Effective Date: August 22, 2003 Last Structure Change Process Date: September 23, 2003 Last Data Update: September 23, 2003 Data Source Date: April 05, 2012
Location
Address: 400 North Brand Boulevard, Glendale, CA 91203 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)
History of Changes
Merger - Without Assistance
Participated in Reorganization
Financial Summary
Total assets: $185.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
37Total employees (full-time equivalent)
$167,827Total assets
$6,342Cash and due from depository institutions
$100Interest-bearing balances
$15,494Securities
$3,400Federal funds sold & reverse repurchase agreements
$139,663Net loans & leases
$2,082Loan loss allowance
$0Trading account assets
$303Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,625All other assets
$167,827Total liabilities and capital
$153,461Total liabilities
$152,393Total deposits
$137,046Interest-bearing deposits
$152,393Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,068All other liabilities
$14,366Total equity capital
$14,366Total bank equity capital
$14,366Perpetual preferred stock
$0Common stock
$4,629Surplus
$1,943Undivided profits
Memoranda
$7,794Noncurrent loans and leases
$37,054Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$272Earning assets
$0Long-term assets (5+ years)
$961Average Assets, year-to-date
$158,657Average Assets, quarterly
$7,430Volatile liabilities
$158,646Insider loans
$165,160FHLB advances
$33,461Loans and leases held for sale
$6,559Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$37,054Total unused commitments
$0Restructured Loans and leases
$1,869Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$9,171Total interest income
$1,965Total interest expense
$7,206Net interest income
$485Provision for loan and lease losses
$362Total noninterest income
$0Fiduciary activities
$248Service charges on deposit accounts
$0Trading account gains & fees
$114Additional noninterest income
$4,631Total noninterest expense
$2,244Salaries and employee benefits
$593Premises and equipment expense
$1,794Additional noninterest expense
$2,452Pre-tax net operating income
$0Securities gains (losses)
$885Applicable income taxes
$1,567Income before extraordinary items
$0Extraordinary gains - net
$1,567Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$289Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.12%Yield on earning assets
1.31%Cost of funding earning assets
4.81%Net interest margin
0.24%Noninterest income to earning assets
3.09%Noninterest expense to earning assets
0.99%Net operating income to assets
0.99%Return on assets (ROA)
1.55%Pretax return on assets
11.88%Return on equity (ROE)
11.88%Retained earnings to average equity (YTD only)
0.23%Net charge-offs to loans
167.82%Credit loss provision to net charge-offs
10.16%Efficiency ratio
61,192Assets per employee
4.54%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.47%Loss allowance to noncurrent loans
765.44%Noncurrent assets plus other real estate owned to assets
0.16%Noncurrent loans to loans
0.19%Net loans and leases to deposits
91.65%Net loans and leases to core deposits
117.43%Equity capital to assets
8.56%Core capital (leverage) ratio
8.35%Tier 1 risk-based capital ratio
9.60%Total risk-based capital ratio
Memoranda
$11Average assets
$158,646Average earning assets
$13,191Average equity
$149,790Average loans
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