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
No
ID
Name
Address
Established
Service Type
Map
0
463376
Wedbush Bank
1000 Wilshire Boulevard, Suite 1150, Los Angeles, CA 90017
Febuary 29, 2008
Full Service Brick and Mortar
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