Woori America Bank in New York, New York (NY), NJ, CA, PA, VA
Overview, Financial Summary, Detailed Financial Reports, Branches

Woori America Bank - Overview

  • 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)

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
  • 217Total employees (full-time equivalent)
  • $939,379Total assets
  • $168,479Cash and due from depository institutions
  • $7,000Interest-bearing balances
  • $71,964Securities
  • $2,000Federal funds sold & reverse repurchase agreements
  • $677,830Net loans & leases
  • $24,255Loan loss allowance
  • $0Trading account assets
  • $5,125Bank premises and fixed assets
  • $481Other real estate owned
  • $515Goodwill and other intangibles
  • $939,379Life insurance assets
  • $12,985All other assets
  • $830,530Total liabilities and capital
  • $822,611Total liabilities
  • $434,380Total deposits
  • $822,611Interest-bearing deposits
  • $73Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $7,919Subordinated debt
  • $108,849All other liabilities
  • $108,849Total equity capital
  • $108,849Total bank equity capital
  • $0Perpetual preferred stock
  • $122,500Common stock
  • $7,500Surplus
  • $-21,151Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $23,225Income earned, not collected on loans
  • $385Earning assets
  • $2,846Long-term assets (5+ years)
  • $758,794Average Assets, year-to-date
  • $69,967Average Assets, quarterly
  • $994,363Volatile liabilities
  • $947,402Insider loans
  • $604,743FHLB advances
  • $928,314Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $108,271Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,472Restructured Loans and leases
  • $2,076Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $38,201Total interest income
  • $5,409Total interest expense
  • $32,792Net interest income
  • $3,972Provision for loan and lease losses
  • $7,343Total noninterest income
  • $0Fiduciary activities
  • $3,245Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,098Additional noninterest income
  • $33,714Total noninterest expense
  • $15,556Salaries and employee benefits
  • $7,092Premises and equipment expense
  • $11,066Additional noninterest expense
  • $2,449Pre-tax net operating income
  • $0Securities gains (losses)
  • $170Applicable income taxes
  • $2,279Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,279Net income attributable to bank
  • $0Net charge-offs
  • $2,279Cash dividends
  • $11,472Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.69%Yield on earning assets
  • 0.66%Cost of funding earning assets
  • 4.03%Net interest margin
  • 0.90%Noninterest income to earning assets
  • 4.14%Noninterest expense to earning assets
  • 0.23%Net operating income to assets
  • 0.23%Return on assets (ROA)
  • 0.25%Pretax return on assets
  • 2.10%Return on equity (ROE)
  • 2.10%Retained earnings to average equity (YTD only)
  • 1.53%Net charge-offs to loans
  • 34.62%Credit loss provision to net charge-offs
  • 0.56%Efficiency ratio
  • 83,269Assets per employee
  • 4.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.45%Loss allowance to noncurrent loans
  • 104.43%Noncurrent assets plus other real estate owned to assets
  • 2.52%Noncurrent loans to loans
  • 3.31%Net loans and leases to deposits
  • 82.40%Net loans and leases to core deposits
  • 87.51%Equity capital to assets
  • 11.59%Core capital (leverage) ratio
  • 11.66%Tier 1 risk-based capital ratio
  • 17.90%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $994,363Average earning assets
  • $108,451Average equity
  • $814,126Average loans

List of branches

  • 4 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    1432295South Coast Commercial Bank Branch3540 Wilshire Blvd. 104 Unit, Los Angeles, CA 90010April 15, 1980Full Service Brick and Mortar
    15456480Olympic Boulevard Branch2610 W. Olympic Boulevard, Suite #100, Los Angeles, CA 90006November 20, 2006Full Service Brick and Mortar
    16460596Buena Park Branch5731 Beach Boulevard, Buena Park, CA 90621Febuary 22, 2007Full Service Brick and Mortar
    17462764Garden Grove Branch10120 Garden Grove Boulevard, Garden Grove, CA 92844March 15, 2007Full Service Brick and Mortar
  • 1 Maryland Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    13442382Wheaton Branch11925 Georgia Avenue, Wheaton, MD 20902April 26, 2005Full Service Retail
  • 5 New Jersey Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    4257734Fort Lee Branch2053 Lemoine Avenue, Fort Lee, NJ 7024October 27, 1997Full Service Brick and Mortar
    5257735Ridgefield Branch321 Broad Avenue, Ridgefield, NJ 7657October 29, 1999Full Service Brick and Mortar
    648066Panasia Bank, N.A. Branch183 Main Street, Fort Lee, NJ 7024April 17, 1993Full Service Brick and Mortar
    7289874Palisades Park Branch225 Broad Avenue, Palisades Park, NJ 7650March 15, 1995Full Service Brick and Mortar
    8289876Closter Branch234 Closter Dock Road, Closter, NJ 7624April 21, 1999Full Service Brick and Mortar
  • 4 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017274Woori America Bank1250 Broadway, New York, NY 10001January 27, 1984Full Service Brick and Mortar
    1257732Flushing Branch136-88 39th Avenue, New York City, NY 11354June 28, 1985Full Service Brick and Mortar
    2257733Woodside Branch43-22 50th Street, New York City, NY 11377December 12, 1991Full Service Brick and Mortar
    12427711215-10 Northern Boulevard Branch215-10 Northern Boulevard, Bayside, NY 11361January 27, 2004Full Service Brick and Mortar
  • 2 Pennsylvania Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    9215496Cheltenham Branch7400 Front Street, Cheltenham, PA 19012July 15, 1998Full Service Brick and Mortar
    10215497Elkins Park Branch7300 Old York Rd, Elkins Park, PA 19027May 03, 1999Full Service Brick and Mortar
  • 2 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    11364359Annandale Branch4231 Markham Street, Units F&G, Annandale, VA 22003July 22, 2002Full Service Brick and Mortar
    18468922Centreville Branch13830a-12 Braddock Road, Centreville, VA 20121October 31, 2007Full Service Brick and Mortar

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