Security Pacific Bank
Los Angeles, CA — Non-member Bank
Acquired Nov 2008
Vitals
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Total Assets528.0M -14.2 %
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Total Deposits456.5M -12.9 %
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Total Net Loans446.1M -14.9 %
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Net Income
-
Book Value18.2M -67.6 %
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Book Value x236.3M -67.6 %
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Book Value x354.5M -67.6 %
Balance Sheet Highlights
| Financial Highlights | Security Pacific Bank | All Insured Commercial Banks in California |
| Balance Sheet $(000) | ||
| Total Assets | 527,959 | 514,689 |
| Total Net Loans | 446,096 | 442,696 |
| Total Deposits | 456,472 | 384,526 |
| Total Equity | 18,171 | 55,731 |
| Profitability | ||
| Net Income | — | 11,209 |
| Return on Average Assets | — | .943 |
| Return on Average Equity | — | 7.719 |
| Net Interest Margin | 2.295 | 4.13 |
| Efficiency Ratio | 156.4 | 85.939 |
| Noninterest Income/Revenue | 5.713 | 14.803 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 97.727 | 96.297 |
| Securities/Assets | .006 | .562 |
| Total Equity/Total Assets | .034 | .108 |
| Tangible Equity/Tangible Assets | .034 | -.329 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 18,207 | 51,832 |
| Tier 2 Capital | 6,346 | 6,499 |
| Total Capital | 24,553 | 57,806 |
| Total Risk Weighted Assets | 491,250 | 437,220 |
| Leverage Ratio | 3.14 | 13.182 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 3.71 | 15.553 |
| Total Capital Ratio | 5 | 16.788 |
Timeline for Security Pacific Bank
Pacific Western Bank
Security Pacific Bank was acquired by Pacific Western Bank 15 years
View Profile Nov 08 2008
Security Pacific Bancorp
Security Pacific Bancorp became a new parent organization for Security Pacific Bank.
View Profile Mar 21 2000
Security Pacific Bank
Security Pacific Bank was established 42 years ago and is currently headquartered in Los Angeles, CA.
Dec 07 1981| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Pacific Western Bank | Buyer | 21,266,723 | Failure | 11/8/2008 |
| Relationships | Role | Relationship Start | Relationship End |
| Security Pacific Bancorp | Parent | 3/21/2000 | 11/7/2008 |
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