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



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Westcoast Savings and Loan Association
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)13
Total assets$133,910
Cash and due from depository institutions$751
Interest-bearing balances$229
Securities$86,920
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$42,021
Loan loss allowance $379
Trading account assets$0
Bank premises and fixed assets$198
Other real estate owned$0
Goodwill and other intangibles$126
All other assets$3,894
Life insurance assets$0
Total liabilities and capital$133,910
Total liabilities$126,897
Total deposits$85,114
Interest-bearing deposits$85,114
Deposits held in domestic offices$85,114
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $41,000
Subordinated debt $0
All other liabilities $783
Total equity capital$7,013
Total bank equity capital$7,013
Perpetual preferred stock$7,013
Common stock$6,000
Surplus$2,400
Undivided profits $3,073
Memoranda
Noncurrent loans and leases $-4,460
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $906
Income earned, not collected on loans $0
Earning assets $0
Long-term assets (5+ years) $0
Average Assets, year-to-date $266
Average Assets, quarterly $129,170
Volatile liabilities $0
Insider loans $122,613
FHLB advances $130,187
Loans and leases held for sale $64,058
Unused loan commitments $0
Tier 1 (core) risk-based capital $41,000
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,395
Derivatives$379
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Income and Expense (December 31, 2000)
(Dollar figures in thousands)
Total interest income $9,679
Total interest expense $6,664
Net interest income $3,015
Provision for loan and lease losses $71
Total noninterest income $201
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $201
Total noninterest expense $1,874
Salaries and employee benefits $1,186
Premises and equipment expense $424
Additional noninterest expense $264
Pre-tax net operating income $1,271
Securities gains (losses) $0
Applicable income taxes $54
Income before extraordinary items $1,217
Extraordinary gains - net $0
Net income attributable to bank $1,217
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $0
Net operating income $25
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Performance and Condition Ratios (December 31, 2000)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.18%
Cost of funding earning assets 5.63%
Net interest margin 2.55%
Noninterest income to earning assets 0.17%
Noninterest expense to earning assets 1.58%
Net operating income to assets 0.99%
Return on assets (ROA) 0.99%
Pretax return on assets 1.04%
Return on equity (ROE) 19.18%
Retained earnings to average equity (YTD only) 18.78%
Net charge-offs to loans 0.00%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$58,271
Cash dividends to net income (YTD only)10.30%
Condition Ratios (%)
Loss allowance to loans 2.05%
Loss allowance to noncurrent loans 0.89%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.00%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 49.37%
Equity capital to assets 67.71%
Core capital (leverage) ratio 5.24%
Tier 1 risk-based capital ratio 5.24%
Total risk-based capital ratio 12.10%
Memoranda
Average assets$13
Average earning assets$122,613
Average equity $6,346
Average loans $118,361
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