Southern Pacific Bank
Torrance, CA — Non-member Bank
Acquired Feb 2003
Vitals
-
Total Assets904.3M
-
Total Deposits864.2M
-
Total Net Loans683.8M
-
Net Income
-
Book Value35.2M
-
Book Value x270.3M
-
Book Value x3105.5M
Balance Sheet Highlights
| Financial Highlights | Southern Pacific Bank | All Insured Commercial Banks in California |
| Balance Sheet $(000) | ||
| Total Assets | 904,294 | 402,003 |
| Total Net Loans | 683,836 | 311,413 |
| Total Deposits | 864,160 | 329,266 |
| Total Equity | 35,155 | 43,096 |
| Profitability | ||
| Net Income | — | 25,486 |
| Return on Average Assets | — | 1.314 |
| Return on Average Equity | — | 13.25 |
| Net Interest Margin | 3.481 | 4.72 |
| Efficiency Ratio | 87.482 | 70.571 |
| Noninterest Income/Revenue | 8.65 | 17.951 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 79.133 | 79.996 |
| Securities/Assets | .129 | .565 |
| Total Equity/Total Assets | .039 | .107 |
| Tangible Equity/Tangible Assets | .033 | -.501 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 30,450 | 36,586 |
| Tier 2 Capital | 9,188 | 4,997 |
| Total Capital | 39,638 | 40,603 |
| Total Risk Weighted Assets | 703,922 | 297,947 |
| Leverage Ratio | 2.97 | 9.93 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 4.32 | 13.579 |
| Total Capital Ratio | 5.63 | 14.805 |
Timeline for Southern Pacific Bank
Beal Bank, Ssb
Southern Pacific Bank was acquired by Beal Bank, Ssb 21 years
View Profile Feb 08 2003
Imperial Credit Industries, Inc.
Imperial Credit Industries, Inc. became a new parent organization for Southern Pacific Bank.
View Profile Jan 01 1992
Colonial Thrift And Loan Association
Acquisition: Southern Pacific Bank acquired a new subsidiary, Colonial Thrift And Loan Association, 36 years
View Profile Apr 16 1988
Imperial Bank
Imperial Bank became a new parent organization for Southern Pacific Bank.
View Profile Dec 30 1986
Prudential Bancorp
Prudential Bancorp became a new parent organization for Southern Pacific Bank.
View Profile Apr 07 1983
| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Beal Bank, Ssb | Buyer | 2,424,899 | Failure | 2/8/2003 | |
| Colonial Thrift And Loan Association | Seller | 26,761 | Failure | 4/16/1988 |
| Relationships | Role | Relationship Start | Relationship End |
| Imperial Credit Industries, Inc. | Parent | 1/1/1992 | 7/27/1999 |
| Imperial Bank | Parent | 12/30/1986 | 12/31/1991 |
| Prudential Bancorp | Parent | 4/7/1983 | 12/29/1986 |
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