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)
  • Show street view No street view available for this location

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

Comment about this bank, ask questions, or add new information about it:


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Westcoast Savings and Loan Association.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents