FDIC Certificate #: 58087 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:First California Bank (#22819) Federal Reserve ID: 3411018 Date Established: Febuary 06, 2006 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 439442 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: Febuary 06, 2006 Last Structure Change Effective Date: November 05, 2010 Last Structure Change Process Date: November 08, 2010 Last Data Update: November 08, 2010 Data Source Date: April 05, 2012
Location
Address: 21550 Oxnard Street, Suite 100, Woodland Hills, CA 91367 County: Los Angeles Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Los Angeles (West) 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)
Financial Summary
Total assets: $98.6 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2009)
Dollar figures in thousands
19Total employees (full-time equivalent)
$106,047Total assets
$2,740Cash and due from depository institutions
$236Interest-bearing balances
$5,073Securities
$0Federal funds sold & reverse repurchase agreements
$94,939Net loans & leases
$2,003Loan loss allowance
$0Trading account assets
$798Bank premises and fixed assets
$970Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,527All other assets
$106,047Total liabilities and capital
$97,060Total liabilities
$94,443Total deposits
$79,773Interest-bearing deposits
$94,443Deposits held in domestic offices
74.85%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,000Other borrowed funds
$0Subordinated debt
$617All other liabilities
$8,987Total equity capital
$8,987Total bank equity capital
$8,987Perpetual preferred stock
$0Common stock
$16,279Surplus
$704Undivided profits
Memoranda
$-7,996Noncurrent loans and leases
$15,597Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$14,585Earning assets
$5,330Long-term assets (5+ years)
$331Average Assets, year-to-date
$100,248Average Assets, quarterly
$11,005Volatile liabilities
$118,500Insider loans
$112,857FHLB advances
$22,672Loans and leases held for sale
$701Unused loan commitments
$2,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$15,597Total unused commitments
$3,144Restructured Loans and leases
$1,235Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$6,179Total interest income
$2,781Total interest expense
$3,398Net interest income
$2,531Provision for loan and lease losses
$270Total noninterest income
$0Fiduciary activities
$213Service charges on deposit accounts
$0Trading account gains & fees
$57Additional noninterest income
$4,460Total noninterest expense
$1,607Salaries and employee benefits
$655Premises and equipment expense
$2,198Additional noninterest expense
-$3,323Pre-tax net operating income
$63Securities gains (losses)
$1Applicable income taxes
-$3,261Income before extraordinary items
$0Extraordinary gains - net
-$3,261Net income attributable to bank
$0Net charge-offs
-$3,261Cash dividends
$2,183Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.63%Yield on earning assets
2.53%Cost of funding earning assets
3.10%Net interest margin
0.25%Noninterest income to earning assets
4.06%Noninterest expense to earning assets
-2.81%Net operating income to assets
-2.75%Return on assets (ROA)
-2.75%Pretax return on assets
-33.06%Return on equity (ROE)
-33.06%Retained earnings to average equity (YTD only)
2.17%Net charge-offs to loans
115.94%Credit loss provision to net charge-offs
-0.36%Efficiency ratio
121,592Assets per employee
5.58%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.07%Loss allowance to noncurrent loans
13.73%Noncurrent assets plus other real estate owned to assets
14.67%Noncurrent loans to loans
15.05%Net loans and leases to deposits
100.53%Net loans and leases to core deposits
128.69%Equity capital to assets
8.47%Core capital (leverage) ratio
7.81%Tier 1 risk-based capital ratio
9.24%Total risk-based capital ratio
Memoranda
$10Average assets
$118,500Average earning assets
$9,864Average equity
$109,721Average 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 Western Commercial Bank.
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.
Comment about this bank, ask questions, or add new information about it: