Wedbush Bank in Los Angeles, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Wedbush Bank in Los Angeles, California (CA)
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Wedbush Bank - Overview

  • General
  • FDIC Certificate #: 58706
    Status: Active
    Federal Reserve ID: 3708222
    Date Established: Febuary 29, 2008
    WWW: http://www.wedbushbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 18060
    FDIC's unique #: 463376
    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: Febuary 29, 2008
    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: 1000 Wilshire Boulevard, Suite 1150, 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)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $217.4 mil
    Equity capital: $23.4 mil
    Deposits held in domestic offices: $191.9 mil
    Return on assets (ROA): 0.38% ($0.8 mil)
    Quarterly return on assets: 0.29% ($0.6 mil)
    Return on Equity (ROE): 3.33% ($0.8 mil)
    Quarterly return on equity: 2.64% ($0.6 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.58% ($1,260.9 mil)
    Quarterly Pretax return on assets: 0.39% ($847.8 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
  • 24Total employees (full-time equivalent)
  • $217,396Total assets
  • $17,508Cash and due from depository institutions
  • $14,848Interest-bearing balances
  • $104,264Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $92,145Net loans & leases
  • $1,587Loan loss allowance
  • $0Trading account assets
  • $252Bank premises and fixed assets
  • $0Other real estate owned
  • $45Goodwill and other intangibles
  • $217,396Life insurance assets
  • $3,182All other assets
  • $193,956Total liabilities and capital
  • $191,873Total liabilities
  • $186,165Total deposits
  • $191,873Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,083Subordinated debt
  • $23,440All other liabilities
  • $23,440Total equity capital
  • $23,440Total bank equity capital
  • $0Perpetual preferred stock
  • $20Common stock
  • $20,410Surplus
  • $3,010Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $236Income earned, not collected on loans
  • $0Earning assets
  • $1,013Long-term assets (5+ years)
  • $211,257Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $207,656Volatile liabilities
  • $217,626Insider loans
  • $104,846FHLB advances
  • $213,934Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $21,403Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,359Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,913Total interest income
  • $2,271Total interest expense
  • $6,642Net interest income
  • $518Provision for loan and lease losses
  • -$403Total noninterest income
  • $0Fiduciary activities
  • $26Service charges on deposit accounts
  • -$443Trading account gains & fees
  • $14Additional noninterest income
  • $5,710Total noninterest expense
  • $3,540Salaries and employee benefits
  • $607Premises and equipment expense
  • $1,563Additional noninterest expense
  • $11Pre-tax net operating income
  • $1,188Securities gains (losses)
  • $418Applicable income taxes
  • $781Income before extraordinary items
  • $0Extraordinary gains - net
  • $781Net income attributable to bank
  • $0Net charge-offs
  • $781Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.41%Yield on earning assets
  • 1.12%Cost of funding earning assets
  • 3.28%Net interest margin
  • -0.20%Noninterest income to earning assets
  • 2.82%Noninterest expense to earning assets
  • 0.00%Net operating income to assets
  • 0.38%Return on assets (ROA)
  • 0.58%Pretax return on assets
  • 3.33%Return on equity (ROE)
  • 3.33%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 88,925Assets per employee
  • 9.06%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.69%Loss allowance to noncurrent loans
  • 672.46%Noncurrent assets plus other real estate owned to assets
  • 0.11%Noncurrent loans to loans
  • 0.25%Net loans and leases to deposits
  • 48.02%Net loans and leases to core deposits
  • 50.04%Equity capital to assets
  • 10.78%Core capital (leverage) ratio
  • 10.00%Tier 1 risk-based capital ratio
  • 20.41%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $207,656Average earning assets
  • $23,466Average equity
  • $202,294Average loans

List of branches

  • 1 California Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0463376Wedbush Bank1000 Wilshire Boulevard, Suite 1150, Los Angeles, CA 90017Febuary 29, 2008Full Service Brick and Mortar

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