Woori America Bank in New York, New York (NY), NJ, CA, PA, VA
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| Woori America Bank | |
|---|---|
| General | FDIC Certificate #: 24920 Status: Active Federal Reserve ID: 384018 Bank Holding Company (Regulatory Top Holder): Woori Finance Holdings Co., Ltd. (RSSDID: 3179514, Location: Seoul) Date Established: January 27, 1984 WWW: http://www.wooriamericabank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 18 (Domestic: 18, Interstate: Yes) FDIC's unique #: 17274 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: January 27, 1984 Last Structure Change Effective Date: April 03, 2012 Last Structure Change Process Date: April 03, 2012 Last Data Update: April 03, 2012 Data Source Date: April 05, 2012 |
| Location | Address: 1250 Broadway, New York, NY 10001 County: New York Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: New York City Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Metropolitan Statistical Area (MSA): New York, NY (#5600) Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70) Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408) Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620) CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620) Core Based Statistical Division: New York-White Plains-Wayne, NY-NJ (#35644) |
| Financial Summary | Total assets: $939.4 mil Equity capital: $108.8 mil Deposits held in domestic offices: $822.6 mil Return on assets (ROA): 0.23% ($2.2 mil) Quarterly return on assets: -0.71% (-$6.7 mil) Return on Equity (ROE): 2.10% ($2.3 mil) Quarterly return on equity: -6.13% (-$6.7 mil) Net income: $2.3 mil Quarterly Net income: -$1.7 mil Pretax return on assets: 0.25% ($2,348.4 mil) Quarterly Pretax return on assets: -0.76% (-$7,139.3 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 217 |
| Total assets | $939,379 |
| Cash and due from depository institutions | $168,479 |
| Interest-bearing balances | $7,000 |
| Securities | $71,964 |
| Federal funds sold & reverse repurchase agreements | $2,000 |
| Net loans & leases | $677,830 |
| Loan loss allowance | $24,255 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $5,125 |
| Other real estate owned | $481 |
| Goodwill and other intangibles | $515 |
| All other assets | $12,985 |
| Life insurance assets | $939,379 |
| Total liabilities and capital | $830,530 |
| Total liabilities | $822,611 |
| Total deposits | $434,380 |
| Interest-bearing deposits | $822,611 |
| Deposits held in domestic offices | $73 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $7,919 |
| All other liabilities | $108,849 |
| Total equity capital | $108,849 |
| Total bank equity capital | $108,849 |
| Perpetual preferred stock | $0 |
| Common stock | $122,500 |
| Surplus | $7,500 |
| Undivided profits | $-21,151 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $23,225 |
| Earning assets | $385 |
| Long-term assets (5+ years) | $2,846 |
| Average Assets, year-to-date | $758,794 |
| Average Assets, quarterly | $69,967 |
| Volatile liabilities | $994,363 |
| Insider loans | $947,402 |
| FHLB advances | $604,743 |
| Loans and leases held for sale | $928,314 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $108,271 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $14,472 |
| Derivatives | $2,076 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $38,201 |
| Total interest expense | $5,409 |
| Net interest income | $32,792 |
| Provision for loan and lease losses | $3,972 |
| Total noninterest income | $7,343 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $3,245 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $4,098 |
| Total noninterest expense | $33,714 |
| Salaries and employee benefits | $15,556 |
| Premises and equipment expense | $7,092 |
| Additional noninterest expense | $11,066 |
| Pre-tax net operating income | $2,449 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $170 |
| Income before extraordinary items | $2,279 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $2,279 |
| Net charge-offs | $0 |
| Cash dividends | $2,279 |
| Sale, conversion, retirement of capital stock, net | $11,472 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.69% |
| Cost of funding earning assets | 0.66% |
| Net interest margin | 4.03% |
| Noninterest income to earning assets | 0.90% |
| Noninterest expense to earning assets | 4.14% |
| Net operating income to assets | 0.23% |
| Return on assets (ROA) | 0.23% |
| Pretax return on assets | 0.25% |
| Return on equity (ROE) | 2.10% |
| Retained earnings to average equity (YTD only) | 2.10% |
| Net charge-offs to loans | 1.53% |
| Credit loss provision to net charge-offs | 34.62% |
| Efficiency ratio | 0.56% |
| Assets per employee | $83,269 |
| Cash dividends to net income (YTD only) | 4.33% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 3.45% |
| Noncurrent assets plus other real estate owned to assets | 104.43% |
| Noncurrent loans to loans | 2.52% |
| Net loans and leases to deposits | 3.31% |
| Net loans and leases to core deposits | 82.40% |
| Equity capital to assets | 87.51% |
| Core capital (leverage) ratio | 11.59% |
| Tier 1 risk-based capital ratio | 11.66% |
| Total risk-based capital ratio | 17.90% |
| Memoranda | |
| Average assets | $19 |
| Average earning assets | $994,363 |
| Average equity | $108,451 |
| Average loans | $814,126 |
| 4 California Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 14 | 32295 | South Coast Commercial Bank Branch | 3540 Wilshire Blvd. 104 Unit, Los Angeles, CA 90010 | April 15, 1980 | Full Service Brick and Mortar |  |
| 15 | 456480 | Olympic Boulevard Branch | 2610 W. Olympic Boulevard, Suite #100, Los Angeles, CA 90006 | November 20, 2006 | Full Service Brick and Mortar | |
| 16 | 460596 | Buena Park Branch | 5731 Beach Boulevard, Buena Park, CA 90621 | Febuary 22, 2007 | Full Service Brick and Mortar | |
| 17 | 462764 | Garden Grove Branch | 10120 Garden Grove Boulevard, Garden Grove, CA 92844 | March 15, 2007 | Full Service Brick and Mortar | |
| 1 Maryland Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 13 | 442382 | Wheaton Branch | 11925 Georgia Avenue, Wheaton, MD 20902 | April 26, 2005 | Full Service Retail | |
| 5 New Jersey Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 4 | 257734 | Fort Lee Branch | 2053 Lemoine Avenue, Fort Lee, NJ 7024 | October 27, 1997 | Full Service Brick and Mortar | |
| 5 | 257735 | Ridgefield Branch | 321 Broad Avenue, Ridgefield, NJ 7657 | October 29, 1999 | Full Service Brick and Mortar | |
| 6 | 48066 | Panasia Bank, N.A. Branch | 183 Main Street, Fort Lee, NJ 7024 | April 17, 1993 | Full Service Brick and Mortar | |
| 7 | 289874 | Palisades Park Branch | 225 Broad Avenue, Palisades Park, NJ 7650 | March 15, 1995 | Full Service Brick and Mortar | |
| 8 | 289876 | Closter Branch | 234 Closter Dock Road, Closter, NJ 7624 | April 21, 1999 | Full Service Brick and Mortar | |
| 4 New York Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 17274 | Woori America Bank | 1250 Broadway, New York, NY 10001 | January 27, 1984 | Full Service Brick and Mortar |  |
| 1 | 257732 | Flushing Branch | 136-88 39th Avenue, New York City, NY 11354 | June 28, 1985 | Full Service Brick and Mortar | |
| 2 | 257733 | Woodside Branch | 43-22 50th Street, New York City, NY 11377 | December 12, 1991 | Full Service Brick and Mortar | |
| 12 | 427711 | 215-10 Northern Boulevard Branch | 215-10 Northern Boulevard, Bayside, NY 11361 | January 27, 2004 | Full Service Brick and Mortar | |
| 2 Pennsylvania Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 9 | 215496 | Cheltenham Branch | 7400 Front Street, Cheltenham, PA 19012 | July 15, 1998 | Full Service Brick and Mortar | |
| 10 | 215497 | Elkins Park Branch | 7300 Old York Rd, Elkins Park, PA 19027 | May 03, 1999 | Full Service Brick and Mortar | |
| 2 Virginia Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 11 | 364359 | Annandale Branch | 4231 Markham Street, Units F&G, Annandale, VA 22003 | July 22, 2002 | Full Service Brick and Mortar | |
| 18 | 468922 | Centreville Branch | 13830a-12 Braddock Road, Centreville, VA 20121 | October 31, 2007 | Full Service Brick and Mortar | |
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