Westside Bank for Savings, FSB in Los Angeles, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 24, 1993

  • Westside Bank for Savings, FSB in Los Angeles, California (CA)
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Westside Bank for Savings, FSB - Overview

  • General
  • FDIC Certificate #: 32229
    Status: Inactive
    Closing history: Name Change
    Acquiring institution: Westside Bank, a federal savings bank (#33833)
    Federal Reserve ID: 974679
    Date Established: June 26, 1984
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 11341
    FDIC's unique #: 45063
    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 26, 1984
    Last Structure Change Effective Date: September 24, 1993
    Last Structure Change Process Date: September 30, 1993
    Last Data Update: September 30, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 11925 Wilshire Boulevard, Los Angeles, CA 90025
    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
    Change in OTS Docket Number
    Change in Bank Number
    Name Change
  • Financial Summary
  • Total assets: $81.7 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $28Total assets
  • $82,720Cash and due from depository institutions
  • $1,054Interest-bearing balances
  • $806Securities
  • $5,515Federal funds sold & reverse repurchase agreements
  • $700Net loans & leases
  • $56,442Loan loss allowance
  • $745Trading account assets
  • $0Bank premises and fixed assets
  • $9,921Other real estate owned
  • $7,469Goodwill and other intangibles
  • $1,503Life insurance assets
  • $116All other assets
  • $0Total liabilities and capital
  • $82,720Total liabilities
  • $79,121Total deposits
  • $75,970Interest-bearing deposits
  • $74,343Deposits held in domestic offices
  • 75970.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,500Subordinated debt
  • $0All other liabilities
  • $651Total equity capital
  • $651Total bank equity capital
  • $3,599Perpetual preferred stock
  • $0Common stock
  • $3,007Surplus
  • $962Undivided profits
  • Memoranda
  • $-371Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,196Income earned, not collected on loans
  • $453Earning assets
  • $63,463Long-term assets (5+ years)
  • $1,760Average Assets, year-to-date
  • $95,775Average Assets, quarterly
  • $86,559Volatile liabilities
  • $13,940Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $6,558Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,598Total risk weighted assets
  • $64,874Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $7,019Total interest expense
  • $4,698Net interest income
  • $2,321Provision for loan and lease losses
  • $315Total noninterest income
  • $656Fiduciary activities
  • $0Service charges on deposit accounts
  • $28Trading account gains & fees
  • $0Additional noninterest income
  • $628Total noninterest expense
  • $5,775Salaries and employee benefits
  • $1,314Premises and equipment expense
  • $246Additional noninterest expense
  • $4,215Pre-tax net operating income
  • -$3,113Securities gains (losses)
  • $148Applicable income taxes
  • -$625Income before extraordinary items
  • -$2,340Extraordinary gains - net
  • $0Net income attributable to bank
  • -$2,340Net charge-offs
  • $130Cash 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
  • 9.78%Cost of funding earning assets
  • 6.55%Net interest margin
  • 3.23%Noninterest income to earning assets
  • 0.91%Noninterest expense to earning assets
  • 8.05%Net operating income to assets
  • -2.57%Return on assets (ROA)
  • -2.44%Pretax return on assets
  • -3.10%Return on equity (ROE)
  • -46.59%Retained earnings to average equity (YTD only)
  • -46.59%Net charge-offs to loans
  • 0.20%Credit loss provision to net charge-offs
  • 242.31%Efficiency ratio
  • 193,551Assets per employee
  • 2.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.30%Loss allowance to noncurrent loans
  • 62.29%Noncurrent assets plus other real estate owned to assets
  • 2.43%Noncurrent loans to loans
  • 2.09%Net loans and leases to deposits
  • 74.30%Net loans and leases to core deposits
  • 87.47%Equity capital to assets
  • 4.35%Core capital (leverage) ratio
  • 4.09%Tier 1 risk-based capital ratio
  • 5.55%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $95,775Average earning assets
  • $5,023Average equity
  • $71,778Average loans

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