Wilshire State Bank in Los Angeles, California (CA), NY, TX, NJ
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Wilshire State Bank in Los Angeles, California (CA), NY, TX, NJ
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Wilshire State Bank - Overview

  • General
  • FDIC Certificate #: 23301
    Status: Active
    Federal Reserve ID: 382667
    Bank Holding Company (Regulatory Top Holder): Wilshire Bancorp, Inc. (RSSDID: 3248513, Location: Los Angeles, CA)
    Date Established: December 30, 1980
    WWW: http://www.wilshirebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 24 (Domestic: 24, Interstate: Yes)
    FDIC's unique #: 16333
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: December 30, 1980
    Last Structure Change Effective Date: Febuary 10, 2012
    Last Structure Change Process Date: Febuary 10, 2012
    Last Data Update: Febuary 10, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 3200 Wilshire Boulevard, Los Angeles, CA 90010
    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: $2,691.4 mil
    Equity capital: $375.1 mil
    Deposits held in domestic offices: $2,212.8 mil
    Return on assets (ROA): -1.04% (-$28.0 mil)
    Quarterly return on assets: 0.93% ($25.0 mil)
    Return on Equity (ROE): -8.73% (-$32.7 mil)
    Quarterly return on equity: 6.70% ($25.1 mil)
    Net income: -$28.6 mil
    Quarterly Net income: $6.2 mil
    Pretax return on assets: 0.22% ($5,921.0 mil)
    Quarterly Pretax return on assets: 2.12% ($57,057.3 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)

  • Dollar figures in thousands
  • 372Total employees (full-time equivalent)
  • $2,691,384Total assets
  • $155,249Cash and due from depository institutions
  • $80,277Interest-bearing balances
  • $320,131Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $2,048,504Net loans & leases
  • $102,982Loan loss allowance
  • $0Trading account assets
  • $12,335Bank premises and fixed assets
  • $8,222Other real estate owned
  • $16,752Goodwill and other intangibles
  • $2,691,384Life insurance assets
  • $130,191All other assets
  • $2,316,288Total liabilities and capital
  • $2,212,819Total liabilities
  • $1,690,842Total deposits
  • $2,212,819Interest-bearing deposits
  • $65Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $60,000Trading liabilities
  • $10,000Other borrowed funds
  • $33,469Subordinated debt
  • $375,096All other liabilities
  • $375,096Total equity capital
  • $375,096Total bank equity capital
  • $0Perpetual preferred stock
  • $221,184Common stock
  • $24,343Surplus
  • $129,569Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $54,720Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $60,493Income earned, not collected on loans
  • $12,809Earning assets
  • $8,118Long-term assets (5+ years)
  • $2,448,912Average Assets, year-to-date
  • $134,300Average Assets, quarterly
  • $2,759,350Volatile liabilities
  • $2,684,065Insider loans
  • $1,880,523FHLB advances
  • $2,657,129Loans and leases held for sale
  • $19,888Unused loan commitments
  • $12,110Tier 1 (core) risk-based capital
  • $359,464Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $7,778Total unused commitments
  • $223,676Restructured Loans and leases
  • $24,396Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $130,017Total interest income
  • $21,141Total interest expense
  • $108,876Net interest income
  • $59,603Provision for loan and lease losses
  • $19,145Total noninterest income
  • $0Fiduciary activities
  • $12,700Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6,445Additional noninterest income
  • $62,342Total noninterest expense
  • $27,713Salaries and employee benefits
  • $7,766Premises and equipment expense
  • $26,863Additional noninterest expense
  • $6,076Pre-tax net operating income
  • $99Securities gains (losses)
  • $34,786Applicable income taxes
  • -$28,611Income before extraordinary items
  • $0Extraordinary gains - net
  • -$28,611Net income attributable to bank
  • $0Net charge-offs
  • -$28,611Cash dividends
  • $67,573Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.19%Yield on earning assets
  • 0.84%Cost of funding earning assets
  • 4.35%Net interest margin
  • 0.76%Noninterest income to earning assets
  • 2.49%Noninterest expense to earning assets
  • -1.04%Net operating income to assets
  • -1.04%Return on assets (ROA)
  • 0.22%Pretax return on assets
  • -8.73%Return on equity (ROE)
  • -8.73%Retained earnings to average equity (YTD only)
  • 3.01%Net charge-offs to loans
  • 88.21%Credit loss provision to net charge-offs
  • 0.97%Efficiency ratio
  • 48,443Assets per employee
  • 7.23%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.79%Loss allowance to noncurrent loans
  • 170.24%Noncurrent assets plus other real estate owned to assets
  • 2.55%Noncurrent loans to loans
  • 2.81%Net loans and leases to deposits
  • 92.57%Net loans and leases to core deposits
  • 112.71%Equity capital to assets
  • 13.94%Core capital (leverage) ratio
  • 13.53%Tier 1 risk-based capital ratio
  • 19.12%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $2,759,350Average earning assets
  • $327,760Average equity
  • $2,504,279Average loans

List of branches

  • 18 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016333Wilshire State Bank3200 Wilshire Boulevard, Los Angeles, CA 90010December 30, 1980Full Service Brick and Mortar
    2247797Western Branch841 South Western Avenue, Los Angeles, CA 90005July 07, 1983Full Service Brick and Mortar
    3256181Northridge Branch8401 Reseda Boulevard, Northridge, CA 91324October 03, 1989Full Service Brick and Mortar
    5256183Cerritos Branch17500 Carmenita Road, Cerritos, CA 90703November 19, 1997Full Service Brick and Mortar
    6256184Huntington Park Branch6350 Pacific Boulevard, Huntington Park, CA 90255September 15, 1999Full Service Brick and Mortar
    7360956Rowland Heights Branch19765 E. Colima Road, Rowland Heights, CA 91748April 02, 2001Full Service Brick and Mortar
    8360957Gardena Branch15435 S. Western Ave., Gardena, CA 90249December 04, 2000Full Service Brick and Mortar
    10419783Mid Wilshire Branch3832 Wilshire Boulevard, Los Angeles, CA 90010June 30, 2003Full Service Brick and Mortar
    11422560Irvine Branch14561 Red Hill Ave, Tustin, CA 92780September 05, 2003Full Service Brick and Mortar
    12426555Fashion Town Branch1300 South San Pedro Street, Los Angeles, CA 90021March 08, 2004Full Service Brick and Mortar
    13432681Fullerton Branch5254 Beach Boulevard, Buena Park, CA 90621October 26, 2004Full Service Brick and Mortar
    20453759Garden Grove Branch9672 Garden Grove Blvd, Garden Grove, CA 92844August 15, 2005Full Service Brick and Mortar
    21454310Rancho Cucamonga Branch8045 Archibald Avenue #100, Rancho Cucamonga, CA 91730July 24, 2006Full Service Brick and Mortar
    26364416Downtown Office401 E. 11th Street, Suite 211, Los Angeles, CA 90015August 05, 2002Full Service Brick and Mortar
    28453554Torrance Branch2424 Sepulveda Blvd., #a, Torrance, CA 90501May 01, 2006Full Service Brick and Mortar
    30492553City Center Branch3500 W. 6th St., Los Angeles, CA 90020August 01, 2008Full Service Brick and Mortar
    31494787Olympic Branch2140 W. Olympic Boulevard, Los Angeles, CA 90006June 26, 2009Full Service Retail
    33510754Van Nuys Branch9700 Woodman Ave. Suite A-6, Arleta, CA 91331Febuary 03, 2010Full Service Brick and Mortar
  • 1 New Jersey Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    22444514Fort Lee Branch215 Main Street, Fort Lee, NJ 7024April 11, 2005Full Service Brick and Mortar
  • 3 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    1859049Manhattan Branch11 West 32nd Street, New York, NY 10001March 19, 1998Full Service Brick and Mortar
    24479863Bayside Branch21016 Northern Blvd, Bayside, NY 11361July 09, 2007Full Service Brick and Mortar
    29492502Flushing Branch15024 Northern Blvd, Flushing, NY 11354March 16, 2009Full Service Brick and Mortar
  • 2 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    1435810Dallas Branch2237 Royal Ln, Dallas, TX 75229July 14, 1986Full Service Brick and Mortar
    34510755Fort Worth Branch7553 Boulevard 26, North Richland Hills, TX 76180May 25, 2009Full Service Brick and Mortar

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