Mirae Bank
Los Angeles, CA — Non-member Bank
Acquired Jun 2009
Vitals
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Total Assets480.6M 7.3 %
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Total Deposits410.0M 16.0 %
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Total Net Loans320.6M -12.3 %
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Net Income
-
Book Value15.6M -66.9 %
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Book Value x231.2M -66.9 %
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Book Value x346.7M -66.9 %
Balance Sheet Highlights
Financial Highlights | Mirae Bank | All Insured Commercial Banks in California |
Balance Sheet $(000) | ||
Total Assets | 480,619 | 538,187 |
Total Net Loans | 320,566 | 453,502 |
Total Deposits | 409,951 | 398,752 |
Total Equity | 15,578 | 57,676 |
Profitability | ||
Net Income | — | 2,433 |
Return on Average Assets | — | .735 |
Return on Average Equity | — | 6.424 |
Net Interest Margin | 1.726 | 3.667 |
Efficiency Ratio | 121.402 | 95.606 |
Noninterest Income/Revenue | 11.688 | 14.889 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 78.196 | 91.512 |
Securities/Assets | .187 | .586 |
Total Equity/Total Assets | .032 | .107 |
Tangible Equity/Tangible Assets | .029 | -.482 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 14,585 | 52,415 |
Tier 2 Capital | 4,581 | 6,985 |
Total Capital | 19,166 | 58,489 |
Total Risk Weighted Assets | 345,079 | 436,132 |
Leverage Ratio | 3.12 | 12.311 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 4.23 | 15.05 |
Total Capital Ratio | 5.55 | 16.337 |
Timeline for Mirae Bank
Mrb Property Holdings Llc
Mrb Property Holdings Llc became a new subsidiary organization for Mirae Bank.
View Profile Mar 18 2009Mirae Bancorp
Mirae Bancorp became a new parent organization for Mirae Bank.
View Profile Jun 15 2006Mirae Bank
Mirae Bank was established 21 years ago and is currently headquartered in Los Angeles, CA.
Jul 01 2002Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Wilshire Bank | Buyer | 4,880,877 | Failure | 6/27/2009 |
Relationships | Role | Relationship Start | Relationship End |
Mirae Bancorp | Parent | 6/15/2006 | 6/26/2009 |
Mrb Property Holdings Llc | Subsidary | 3/18/2009 | 6/26/2009 |
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