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| Foothill Independent Bank |
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| General | FDIC Certificate #: 21104
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Pacific Western Bank (#24045)
Federal Reserve ID: 181169
Date Established: 1973-06-01
WWW: http://www.foothillbank.com
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 12 (Interstate: No)
OTS Docket #: 12881
FDIC's unique #: 14587
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: 1973-06-01
Last Structure Change Effective Date: 2006-05-10
Last Structure Change Process Date: 2006-06-07
Last Data Update: 2006-06-07
Data Source Date: 2009-05-14 |
| Location | Address: 510 South Grande Avenue, Glendora, CA 91741
County: Los Angeles
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: San Francisco
FDIC Field Office: Los Angeles (North)
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Los Angeles-Long Beach, CA (#4480)
Consolidated Metropolitan Statistical Area (CMSA): Los Angeles-Riverside-Orange County, CA (#49)
Combined Statistical Area (CSA): Los Angeles-Long Beach-Riverside, CA (#348)
Core Based Statistical Area (CBSA): Los Angeles-Long Beach-Santa Ana, CA (#31100)
CBSA Metro Statistical Area: Los Angeles-Long Beach-Santa Ana, CA (#31100)
Core Based Statistical Division: Los Angeles-Long Beach-Glendale, CA (#31084) |
| Financial Summary | Total assets: $750.3 mil |
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2008 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2005)
(Dollar figures in thousands) |
| Total employees (full-time equivalent) | 217 |
| Total assets | $797,732 |
| Cash and due from depository institutions | $33,450 |
| Interest-bearing balances | $1,287 |
| Securities | $177,680 |
| Federal funds sold & reverse repurchase agreements | $5,500 |
| Net loans & leases | $547,425 |
| Loan loss allowance | $5,062 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $4,458 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $29,219 |
| Life insurance assets | $0 |
| Total liabilities and capital | $797,732 |
| Total liabilities | $720,959 |
| Total deposits | $672,838 |
| Interest-bearing deposits | $405,743 |
| Deposits held in domestic offices | $672,838 |
| % insured (estimated) | 59.16% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $42,000 |
| Subordinated debt | $0 |
| All other liabilities | $6,121 |
| Total equity capital | $76,773 |
| Total bank equity capital | $76,773 |
| Perpetual preferred stock | $0 |
| Common stock | $1,814 |
| Surplus | $9,788 |
| Undivided profits | $65,171 |
| Memoranda |
| Noncurrent loans and leases | $137 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $24 |
| Income earned, not collected on loans | $1,962 |
| Earning assets | $731,892 |
| Long-term assets (5+ years) | $366,653 |
| Average Assets, year-to-date | $796,063 |
| Average Assets, quarterly | $795,536 |
| Volatile liabilities | $76,100 |
| Insider loans | $0 |
| FHLB advances | $42,000 |
| Loans and leases held for sale | $0 |
| Unused loan commitments | $69,160 |
| Tier 1 (core) risk-based capital | $79,035 |
| Tier 2 risk-based capital | $5,238 |
| Total risk weighted assets | $620,589 |
| Total unused commitments | $69,160 |
| Restructured Loans and leases | $0 |
| Derivatives | $0 |
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Income and Expense (December 31, 2005)
(Dollar figures in thousands) |
| Total interest income | $43,113 |
| Total interest expense | $4,933 |
| Net interest income | $38,180 |
| Provision for loan and lease losses | $0 |
| Total noninterest income | $4,978 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $3,198 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $1,780 |
| Total noninterest expense | $24,269 |
| Salaries and employee benefits | $11,705 |
| Premises and equipment expense | $4,421 |
| Additional noninterest expense | $8,143 |
| Pre-tax net operating income | $18,889 |
| Securities gains (losses) | -$153 |
| Applicable income taxes | $6,722 |
| Income before extraordinary items | $12,014 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $12,014 |
| Net charge-offs | -$46 |
| Cash dividends | $4,675 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $12,112 |
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Performance and Condition Ratios (December 31, 2005)
(Dollar figures in thousands) |
| Performance Ratios (%, annualized) |
| Yield on earning assets | 5.89% |
| Cost of funding earning assets | 0.67% |
| Net interest margin | 5.22% |
| Noninterest income to earning assets | 0.68% |
| Noninterest expense to earning assets | 3.32% |
| Net operating income to assets | 1.52% |
| Return on assets (ROA) | 1.51% |
| Pretax return on assets | 2.35% |
| Return on equity (ROE) | 16.24% |
| Retained earnings to average equity (YTD only) | 9.92% |
| Net charge-offs to loans | -0.01% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 56.23% |
| Assets per employee | $3,676 |
| Cash dividends to net income (YTD only) | 38.91% |
| Condition Ratios (%) |
| Loss allowance to loans | 0.92% |
| Loss allowance to noncurrent loans | 3694.89% |
| Noncurrent assets plus other real estate owned to assets | 0.02% |
| Noncurrent loans to loans | 0.02% |
| Net loans and leases to deposits | 81.36% |
| Net loans and leases to core deposits | 85.70% |
| Equity capital to assets | 9.62% |
| Core capital (leverage) ratio | 10.08% |
| Tier 1 risk-based capital ratio | 12.74% |
| Total risk-based capital ratio | 13.58% |
| Memoranda |
| Average assets | $796,063 |
| Average earning assets | $731,532 |
| Average equity | $519,746 |
| Average loans | $73,976 |
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Home Mortgage Disclosure Act Aggregated Statistics For Year 2005
(Based on 13 full tracts)
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| B) Conventional
Home Purchase Loans | C) Refinancings
| D) Home Improvement Loans
| E) Loans on Dwellings For 5+ Families
| F) Non-occupant Loans on
< 5 Family Dwellings (A B C & D) | G) Loans On Manufactured
Home Dwelling (A B C & D) |
|---|
| Number | Average Value | Number | Average Value | Number | Average Value | Number | Average Value | Number | Average Value | Number | Average Value |
|---|
| LOANS ORIGINATED | 3 | $178,333 | 0 | $0 | 0 | $0 | 0 | $0 | 2 | $241,000 | 2 | $55,000 |
| APPLICATIONS APPROVED, NOT ACCEPTED | 0 | $0 | 1 | $280,000 | 0 | $0 | 0 | $0 | 1 | $280,000 | 0 | $0 |
| APPLICATIONS DENIED | 2 | $300,000 | 2 | $422,500 | 3 | $24,000 | 1 | $683,000 | 0 | $0 | 0 | $0 |
| APPLICATIONS WITHDRAWN | 0 | $0 | 0 | $0 | 0 | $0 | 1 | $725,000 | 0 | $0 | 0 | $0 |
| FILES CLOSED FOR INCOMPLETENESS | 0 | $0 | 0 | $0 | 0 | $0 | 0 | $0 | 0 | $0 | 0 | $0 |
Aggregated Statistics For Year 2004
(Based on 13 full tracts)
|
| B) Conventional
Home Purchase Loans | C) Refinancings
| D) Home Improvement Loans
| E) Loans on Dwellings For 5+ Families
| F) Non-occupant Loans on
< 5 Family Dwellings (A B C & D) | G) Loans On Manufactured
Home Dwelling (A B C & D) |
|---|
| Number | Average Value | Number | Average Value | Number | Average Value | Number | Average Value | Number | Average Value | Number | Average Value |
|---|
| LOANS ORIGINATED | 3 | $227,333 | 1 | $435,000 | 2 | $90,000 | 3 | $1,088,333 | 1 | $46,000 | 0 | $0 |
| APPLICATIONS APPROVED, NOT ACCEPTED | 0 | $0 | 0 | $0 | 0 | $0 | 0 | $0 | 0 | $0 | 0 | $0 |
| APPLICATIONS DENIED | 0 | $0 | 2 | $162,500 | 0 | $0 | 1 | $1,435,000 | 1 | $300,000 | 0 | $0 |
| APPLICATIONS WITHDRAWN | 1 | $150,000 | 0 | $0 | 0 | $0 | 0 | $0 | 0 | $0 | 1 | $150,000 |
| FILES CLOSED FOR INCOMPLETENESS | 0 | $0 | 0 | $0 | 0 | $0 | 0 | $0 | 0 | $0 | 0 | $0 |
Aggregated Statistics For Year 2003
(Based on 20 full tracts)
|
| B) Conventional
Home Purchase Loans | C) Refinancings
| D) Home Improvement Loans
| E) Loans on Dwellings For 5+ Families
| F) Non-occupant Loans on
< 5 Family Dwellings (A B C & D) |
|---|
| Number | Average Value | Number | Average Value | Number | Average Value | Number | Average Value | Number | Average Value |
|---|
| LOANS ORIGINATED | 1 | $550,000 | 0 | $0 | 3 | $4,333 | 6 | $658,833 | 1 | $550,000 |
| APPLICATIONS APPROVED, NOT ACCEPTED | 0 | $0 | 0 | $0 | 0 | $0 | 0 | $0 | 0 | $0 |
| APPLICATIONS DENIED | 5 | $94,200 | 1 | $36,000 | 4 | $39,250 | 0 | $0 | 1 | $80,000 |
| APPLICATIONS WITHDRAWN | 0 | $0 | 0 | $0 | 0 | $0 | 1 | $535,000 | 0 | $0 |
| FILES CLOSED FOR INCOMPLETENESS | 0 | $0 | 0 | $0 | 0 | $0 | 0 | $0 | 0 | $0 |
Aggregated Statistics For Year 2002
(Based on 30 full tracts)
|
| B) Conventional
Home Purchase Loans | C) Refinancings
| D) Home Improvement Loans
| E) Loans on Dwellings For 5+ Families
| F) Non-occupant Loans on
< 5 Family Dwellings (A B C & D) |
|---|
| Number | Average Value | Number | Average Value | Number | Average Value | Number | Average Value | Number | Average Value |
|---|
| LOANS ORIGINATED | 2 | $104,500 | 5 | $147,000 | 6 | $27,500 | 6 | $313,667 | 1 | $134,000 |
| APPLICATIONS APPROVED, NOT ACCEPTED | 0 | $0 | 0 | $0 | 0 | $0 | 0 | $0 | 0 | $0 |
| APPLICATIONS DENIED | 4 | $50,000 | 0 | $0 | 6 | $8,667 | 5 | $377,600 | 0 | $0 |
| APPLICATIONS WITHDRAWN | 0 | $0 | 0 | $0 | 1 | $1,000 | 0 | $0 | 0 | $0 |
| FILES CLOSED FOR INCOMPLETENESS | 0 | $0 | 0 | $0 | 0 | $0 | 0 | $0 | 0 | $0 |
Aggregated Statistics For Year 2001
(Based on 47 full tracts)
|
| B) Conventional
Home Purchase Loans | C) Refinancings
| D) Home Improvement Loans
| E) Loans on Dwellings For 5+ Families
| F) Non-occupant Loans on
< 5 Family Dwellings (A B C & D) |
|---|
| Number | Average Value | Number | Average Value | Number | Average Value | Number | Average Value | Number | Average Value |
|---|
| LOANS ORIGINATED | 11 | $58,273 | 7 | $157,571 | 7 | $11,143 | 3 | $597,333 | 8 | $68,750 |
| APPLICATIONS APPROVED, NOT ACCEPTED | 0 | $0 | 0 | $0 | 1 | $25,000 | 1 | $225,000 | 0 | $0 |
| APPLICATIONS DENIED | 5 | $46,400 | 2 | $313,500 | 8 | $8,750 | 0 | $0 | 2 | $87,500 |
| APPLICATIONS WITHDRAWN | 2 | $31,000 | 1 | $205,000 | 1 | $225,000 | 2 | $687,500 | 0 | $0 |
| FILES CLOSED FOR INCOMPLETENESS | 1 | $56,000 | 1 | $222,000 | 1 | $10,000 | 0 | $0 | 1 | $56,000 |
Aggregated Statistics For Year 2000
(Based on 84 full tracts)
|
| B) Conventional
Home Purchase Loans | C) Refinancings
| D) Home Improvement Loans
| E) Loans on Dwellings For 5+ Families
| F) Non-occupant Loans on
< 5 Family Dwellings (A B C & D) |
|---|
| Number | Average Value | Number | Average Value | Number | Average Value | Number | Average Value | Number | Average Value |
|---|
| LOANS ORIGINATED | 18 | $49,000 | 3 | $26,667 | 47 | $29,851 | 1 | $100,000 | 14 | $43,714 |
| APPLICATIONS APPROVED, NOT ACCEPTED | 0 | $0 | 1 | $24,000 | 0 | $0 | 0 | $0 | 0 | $0 |
| APPLICATIONS DENIED | 7 | $22,143 | 3 | $26,000 | 34 | $24,853 | 1 | $100,000 | 1 | $5,000 |
| APPLICATIONS WITHDRAWN | 3 | $56,000 | 0 | $0 | 3 | $28,333 | 0 | $0 | 0 | $0 |
| FILES CLOSED FOR INCOMPLETENESS | 0 | $0 | 0 | $0 | 0 | $0 | 0 | $0 | 0 | $0 |
Aggregated Statistics For Year 1999
(Based on 58 full tracts)
|
| B) Conventional
Home Purchase Loans | C) Refinancings
| D) Home Improvement Loans
| E) Loans on Dwellings For 5+ Families
| F) Non-occupant Loans on
< 5 Family Dwellings (A B C & D) |
|---|
| Number | Average Value | Number | Average Value | Number | Average Value | Number | Average Value | Number | Average Value |
|---|
| LOANS ORIGINATED | 7 | $47,286 | 11 | $131,000 | 17 | $31,941 | 1 | $104,000 | 5 | $82,600 |
| APPLICATIONS APPROVED, NOT ACCEPTED | 0 | $0 | 0 | $0 | 0 | $0 | 0 | $0 | 0 | $0 |
| APPLICATIONS DENIED | 9 | $27,222 | 2 | $21,000 | 17 | $22,765 | 1 | $124,000 | 1 | $14,000 |
| APPLICATIONS WITHDRAWN | 2 | $41,500 | 1 | $14,000 | 0 | $0 | 1 | $550,000 | 0 | $0 |
| FILES CLOSED FOR INCOMPLETENESS | 1 | $26,000 | 0 | $0 | 0 | $0 | 0 | $0 | 0 | $0 |
2005 Conventional Home Purchase Loans
HMDA - Conventional Home Purchase Loans
HMDA - Conventional Home Purchase Loans - Value
HMDA - Refinancings - Value
HMDA - Home Improvement Loans
HMDA - Home Improvement Loans - Value
2005 Loans on Dwellings For 5+ Families
HMDA - Loans on Dwellings For 5+ Families
HMDA - Loans on Dwellings For 5+ Families - Value
2005 Non-occupant Loans on < 5 Family Dwellings
HMDA - Non-occupant Loans on < 5 Family Dwellings
HMDA - Non-occupant Loans on < 5 Family Dwellings - Value
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