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

This bank is inactive as of June 04, 1993

  • Western Federal Savings and Loan in Marina Del Rey, California (CA)
  • Show street view No street view available for this location

Western Federal Savings and Loan - Overview

  • General
  • FDIC Certificate #: 29671
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Western Federal Savings Bank (#33811)
    Federal Reserve ID: 101279
    Date Established: April 20, 1936
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 3865
    FDIC's unique #: 42505
    Numeric code: 37
    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: April 20, 1936
    Last Structure Change Effective Date: June 04, 1993
    Last Structure Change Process Date: June 16, 1993
    Last Data Update: August 02, 1993
    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
  • Absorption - Assisted
    Institution Enters Conservatorship
    Corrections
  • Financial Summary
  • Total assets: $3,796.2 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $770Total assets
  • $3,987,515Cash and due from depository institutions
  • $40,905Interest-bearing balances
  • $400Securities
  • $1,036,864Federal funds sold & reverse repurchase agreements
  • $5,000Net loans & leases
  • $2,479,937Loan loss allowance
  • $73,986Trading account assets
  • $0Bank premises and fixed assets
  • $27,436Other real estate owned
  • $114,159Goodwill and other intangibles
  • $175,272Life insurance assets
  • $107,942All other assets
  • $0Total liabilities and capital
  • $3,987,513Total liabilities
  • $3,859,490Total deposits
  • $2,885,146Interest-bearing deposits
  • $2,818,569Deposits held in domestic offices
  • 2885146.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $231,543Trading liabilities
  • $0Other borrowed funds
  • $682,737Subordinated debt
  • $0All other liabilities
  • $60,064Total equity capital
  • $60,064Total bank equity capital
  • $128,023Perpetual preferred stock
  • $0Common stock
  • $3,574Surplus
  • $170,946Undivided profits
  • Memoranda
  • $-46,497Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $146,852Income earned, not collected on loans
  • $15,769Earning assets
  • $3,522,201Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $4,302,503Average Assets, quarterly
  • $4,175,457Volatile liabilities
  • $1,158,756Insider loans
  • $0FHLB advances
  • $669,760Loans and leases held for sale
  • $0Unused loan commitments
  • $98,202Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $83,552Total risk weighted assets
  • $2,598,755Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $295,172Total interest expense
  • $218,347Net interest income
  • $76,825Provision for loan and lease losses
  • $117,972Total noninterest income
  • $79,023Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $79,023Total noninterest expense
  • $146,319Salaries and employee benefits
  • $28,930Premises and equipment expense
  • $15,374Additional noninterest expense
  • $102,015Pre-tax net operating income
  • -$108,443Securities gains (losses)
  • $35,477Applicable income taxes
  • $0Income before extraordinary items
  • -$72,966Extraordinary gains - net
  • -$231Net income attributable to bank
  • -$73,197Net charge-offs
  • $36,035Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.66%Cost of funding earning assets
  • 5.66%Net interest margin
  • 1.99%Noninterest income to earning assets
  • 2.05%Noninterest expense to earning assets
  • 3.79%Net operating income to assets
  • -2.52%Return on assets (ROA)
  • -1.70%Pretax return on assets
  • -1.70%Return on equity (ROE)
  • -39.71%Retained earnings to average equity (YTD only)
  • -39.71%Net charge-offs to loans
  • 1.24%Credit loss provision to net charge-offs
  • 327.38%Efficiency ratio
  • 88,989Assets per employee
  • 5.18%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.90%Loss allowance to noncurrent loans
  • 50.38%Noncurrent assets plus other real estate owned to assets
  • 6.55%Noncurrent loans to loans
  • 5.75%Net loans and leases to deposits
  • 85.96%Net loans and leases to core deposits
  • 93.91%Equity capital to assets
  • 3.21%Core capital (leverage) ratio
  • 2.14%Tier 1 risk-based capital ratio
  • 3.22%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $4,302,503Average earning assets
  • $184,326Average equity
  • $3,855,819Average loans
1
Alina jocius
Jan 5, 2022 @ 4:16 pm
I need to find out about my 401 ( I worked for this company from 1990 to 1993
2
Alina Alcalde
Jun 29, 2023 @ 12:12 pm
I need to find out about my 401k or my retirement plan ( I worked at this company from 1990-1993 )
3
suzanne tennyson
Jul 19, 2023 @ 12:12 pm
I am holding a small envelope from the Western Federal Savings and Loan Association with a single key in it that has a number. I inherited this from my parent and possibly my grandparents, living in the Los Angeles area. Is there any information about what happened to the contents of any safety deposit boxes? Thank you.

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 Federal Savings and Loan.
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