Western Federal Savings Bank in Marina Del Rey, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 09, 1994

  • Western Federal Savings Bank in Marina Del Rey, California (CA)
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Western Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 33811
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Home Savings of America, FSB (#15919)
    Federal Reserve ID: 101279
    Date Established: June 04, 1993
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 10940
    FDIC's unique #: 48095
    Numeric code: 34
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: June 04, 1993
    Last Structure Change Effective Date: September 09, 1994
    Last Structure Change Process Date: September 16, 1994
    Last Data Update: November 22, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 13160 Mindanao Way, Marina Del Rey, CA 90292
    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)
  • History of Changes
  • Pass Through Receivership Merger
    Corrections
    Conservatorship Institution Resolved
  • Financial Summary
  • Total assets: $2,757.3 mil

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $485Total assets
  • $3,018,963Cash and due from depository institutions
  • $39,422Interest-bearing balances
  • $521Securities
  • $726,554Federal funds sold & reverse repurchase agreements
  • $37,000Net loans & leases
  • $1,855,127Loan loss allowance
  • $91,501Trading account assets
  • $0Bank premises and fixed assets
  • $11,089Other real estate owned
  • $139,924Goodwill and other intangibles
  • $209,847Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $3,018,963Total liabilities
  • $3,098,202Total deposits
  • $2,079,005Interest-bearing deposits
  • $2,079,005Deposits held in domestic offices
  • 2079005.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $963,000Subordinated debt
  • $0All other liabilities
  • $56,197Total equity capital
  • $56,197Total bank equity capital
  • $-79,239Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $-79,239Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $226,610Income earned, not collected on loans
  • $13,132Earning assets
  • $2,619,202Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $3,233,702Average Assets, quarterly
  • $3,092,321Volatile liabilities
  • $1,055,836Insider loans
  • $0FHLB advances
  • $640,000Loans and leases held for sale
  • $0Unused loan commitments
  • $313Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-88,572Total risk weighted assets
  • $2,190,424Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $110,902Total interest expense
  • $85,166Net interest income
  • $25,736Provision for loan and lease losses
  • $30,975Total noninterest income
  • $29,410Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $29,410Total noninterest expense
  • $50,348Salaries and employee benefits
  • $11,565Premises and equipment expense
  • $12,864Additional noninterest expense
  • $25,919Pre-tax net operating income
  • -$26,177Securities gains (losses)
  • -$58,158Applicable income taxes
  • $0Income before extraordinary items
  • -$84,335Extraordinary gains - net
  • $0Net income attributable to bank
  • -$84,335Net charge-offs
  • $16,568Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • -$174,520Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 3.87%Cost of funding earning assets
  • 2.97%Net interest margin
  • 0.90%Noninterest income to earning assets
  • 1.03%Noninterest expense to earning assets
  • 1.76%Net operating income to assets
  • -0.81%Return on assets (ROA)
  • -2.61%Pretax return on assets
  • -2.61%Return on equity (ROE)
  • 223.88%Retained earnings to average equity (YTD only)
  • 223.88%Net charge-offs to loans
  • 0.80%Credit loss provision to net charge-offs
  • 186.96%Efficiency ratio
  • 91,299Assets per employee
  • 6.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.70%Loss allowance to noncurrent loans
  • 40.38%Noncurrent assets plus other real estate owned to assets
  • 11.66%Noncurrent loans to loans
  • 11.64%Net loans and leases to deposits
  • 89.23%Net loans and leases to core deposits
  • 93.40%Equity capital to assets
  • -2.62%Core capital (leverage) ratio
  • -2.95%Tier 1 risk-based capital ratio
  • -4.04%Total risk-based capital ratio
  • Memoranda
  • -$4Average assets
  • $3,233,702Average earning assets
  • -$37,670Average equity
  • $2,863,028Average loans

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