Spectrum Bank
Irvine, CA — Domestic Branch of a Domestic Bank
Acquired Jul 2008
Vitals
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Total Assets177.7M 12.0 %
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Total Deposits135.6M -6.5 %
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Total Net Loans78.5M 3.9 %
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Net Income337000.0000 -48.6 %
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Book Value39.8M 220.7 %
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Book Value x279.6M 220.7 %
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Book Value x3119.3M 220.7 %
Balance Sheet Highlights
| Financial Highlights | Spectrum Bank | All Insured Commercial Banks in California |
| Balance Sheet $(000) | ||
| Total Assets | 177,670 | 512,617 |
| Total Net Loans | 78,473 | 413,115 |
| Total Deposits | 135,614 | 378,756 |
| Total Equity | 39,780 | 57,086 |
| Profitability | ||
| Net Income | 337 | 7,857 |
| Return on Average Assets | .448 | .978 |
| Return on Average Equity | 2.65 | 7.933 |
| Net Interest Margin | 4.243 | 4.191 |
| Efficiency Ratio | 81.276 | 85.896 |
| Noninterest Income/Revenue | 11.011 | 15.657 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 57.865 | 97.399 |
| Securities/Assets | .14 | .627 |
| Total Equity/Total Assets | .224 | .111 |
| Tangible Equity/Tangible Assets | .067 | -.306 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 11,832 | 52,744 |
| Tier 2 Capital | 1,277 | 5,966 |
| Total Capital | 13,109 | 58,336 |
| Total Risk Weighted Assets | 102,618 | 433,484 |
| Leverage Ratio | 8.05 | 13.803 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 11.53 | 16.221 |
| Total Capital Ratio | 12.77 | 17.436 |
Timeline for Spectrum Bank
Professional Business Bank
Spectrum Bank was acquired by Professional Business Bank 16 years
View Profile Jul 04 2008
Socal Bancorporation
Socal Bancorporation became a new parent organization for Spectrum Bank.
View Profile Feb 01 2008
Spectrum Bank
Spectrum Bank was established 69 years ago and is currently headquartered in Irvine, CA.
May 02 1955| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Professional Business Bank | Buyer | 280,892 | Pooling of Interests | Discontinued | 7/4/2008 |
| Relationships | Role | Relationship Start | Relationship End |
| Socal Bancorporation | Parent | 2/1/2008 | 7/3/2008 |
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