Westcoast Savings and Loan Association in Seal Beach, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 16, 2001

  • Westcoast Savings and Loan Association in Seal Beach, California (CA)
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Westcoast Savings and Loan Association - Overview

  • General
  • FDIC Certificate #: 32424
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Affinity Bank (#27197)
    Federal Reserve ID: 239976
    Date Established: December 12, 1985
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 8249
    FDIC's unique #: 45258
    Numeric code: 35
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: December 12, 1985
    Last Structure Change Effective Date: November 16, 2001
    Last Structure Change Process Date: December 11, 2001
    Last Data Update: December 11, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 3020 Old Ranch Parkway, Suite 170, Seal Beach, CA 90740
    County: Orange
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Orange
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Orange County, CA (#5945)
    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: Santa Ana-Anaheim-Irvine, CA (#42044)
  • Financial Summary
  • Total assets: $183.5 mil

1992 - 1999 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, 2000)

  • Dollar figures in thousands
  • 13Total employees (full-time equivalent)
  • $133,910Total assets
  • $751Cash and due from depository institutions
  • $229Interest-bearing balances
  • $86,920Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $42,021Net loans & leases
  • $379Loan loss allowance
  • $0Trading account assets
  • $198Bank premises and fixed assets
  • $0Other real estate owned
  • $126Goodwill and other intangibles
  • $0Life insurance assets
  • $3,894All other assets
  • $133,910Total liabilities and capital
  • $126,897Total liabilities
  • $85,114Total deposits
  • $85,114Interest-bearing deposits
  • $85,114Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $41,000Other borrowed funds
  • $0Subordinated debt
  • $783All other liabilities
  • $7,013Total equity capital
  • $7,013Total bank equity capital
  • $7,013Perpetual preferred stock
  • $6,000Common stock
  • $2,400Surplus
  • $3,073Undivided profits
  • Memoranda
  • $-4,460Noncurrent loans and leases
  • $906Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $266Average Assets, year-to-date
  • $129,170Average Assets, quarterly
  • $0Volatile liabilities
  • $122,613Insider loans
  • $130,187FHLB advances
  • $64,058Loans and leases held for sale
  • $0Unused loan commitments
  • $41,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,395Restructured Loans and leases
  • $379Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $9,679Total interest income
  • $6,664Total interest expense
  • $3,015Net interest income
  • $71Provision for loan and lease losses
  • $201Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $201Additional noninterest income
  • $1,874Total noninterest expense
  • $1,186Salaries and employee benefits
  • $424Premises and equipment expense
  • $264Additional noninterest expense
  • $1,271Pre-tax net operating income
  • $0Securities gains (losses)
  • $54Applicable income taxes
  • $1,217Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,217Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $25Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.18%Yield on earning assets
  • 5.63%Cost of funding earning assets
  • 2.55%Net interest margin
  • 0.17%Noninterest income to earning assets
  • 1.58%Noninterest expense to earning assets
  • 0.99%Net operating income to assets
  • 0.99%Return on assets (ROA)
  • 1.04%Pretax return on assets
  • 19.18%Return on equity (ROE)
  • 18.78%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
  • 58,271Assets per employee
  • 10.30%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 2.05%Loss allowance to loans
  • 0.89%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 49.37%Net loans and leases to core deposits
  • 67.71%Equity capital to assets
  • 5.24%Core capital (leverage) ratio
  • 5.24%Tier 1 risk-based capital ratio
  • 12.10%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $122,613Average earning assets
  • $6,346Average equity
  • $118,361Average loans

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