Simplicity Bank
Covina, CA — Domestic Branch of a Domestic Bank
Acquired Mar 2015
Vitals
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Total Assets863.2M 1.0 %
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Total Deposits660.9M 3.5 %
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Total Net Loans682.9M -4.7 %
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Net Income5.7M -11.1 %
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Book Value129.9M 5.9 %
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Book Value x2259.8M 5.9 %
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Book Value x3389.7M 5.9 %
Balance Sheet Highlights
| Financial Highlights | Simplicity Bank | All Insured Savings Banks in California |
| Balance Sheet $(000) | ||
| Total Assets | 863,218 | 1,392,733 |
| Total Net Loans | 682,948 | 916,760 |
| Total Deposits | 660,917 | 1,129,443 |
| Total Equity | 129,894 | 148,859 |
| Profitability | ||
| Net Income | 5,662 | 14,636 |
| Return on Average Assets | .655 | 2.142 |
| Return on Average Equity | 4.482 | 6.853 |
| Net Interest Margin | 3.098 | 3.127 |
| Efficiency Ratio | 73.751 | 73.095 |
| Noninterest Income/Revenue | 13.577 | 23.95 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 103.333 | 82.806 |
| Securities/Assets | .06 | .227 |
| Total Equity/Total Assets | .15 | .107 |
| Tangible Equity/Tangible Assets | .145 | .105 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 127,051 | 148,539 |
| Tier 2 Capital | 3,914 | 6,470 |
| Total Capital | 130,965 | 154,974 |
| Total Risk Weighted Assets | 543,324 | 705,883 |
| Leverage Ratio | 14.77 | 13.552 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 23.38 | 28.003 |
| Total Capital Ratio | 24.1 | 28.963 |
Timeline for Simplicity Bank
Simplicity Bancorp, Inc.
Simplicity Bancorp, Inc. became a new parent organization for Simplicity Bank.
View Profile Nov 19 2010
Pan American Bank, Fsb
Acquisition: Simplicity Bank acquired a new subsidiary, Pan American Bank, Fsb, 19 years
View Profile Sep 25 2004
K-Fed Bancorp
K-Fed Bancorp became a new parent organization for Simplicity Bank.
View Profile Jul 01 2003
Kaiser Permanente Pacific Credit Union
Acquisition: Simplicity Bank acquired a new subsidiary, Kaiser Permanente Pacific Credit Union , 39 years
View Profile Aug 01 1984
| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Homestreet Bank | Buyer | 6,190,985 | Acquisition | Discontinued | 3/1/2015 |
| Pan American Bank, Fsb | Seller | 84,792 | Sale of Assets | 9/25/2004 | |
| Kaiser Permanente Pacific Credit Union | Seller | Discontinued | 8/1/1984 |
| Relationships | Role | Relationship Start | Relationship End |
| Simplicity Bancorp, Inc. | Parent | 7/21/2011 | 2/28/2015 |
| Simplicity Bancorp, Inc. | Parent | 11/19/2010 | 7/20/2011 |
| K-Fed Bancorp | Parent | 7/1/2003 | 11/18/2010 |