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| International City Bank, National Association |
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| General | FDIC Certificate #: 25648
Status: Active
Federal Reserve ID: 780562
Bank Holding Company (Regulatory Top Holder): Pedcor Capital, Llc (RSSDID: 3444847, Location: Carmel, IN)
Date Established: 1984-09-06
WWW: http://www.icb.biz
Trust Powers Granted: No
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 4 (Domestic: 4, Interstate: No)
FDIC's unique #: 17553
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: 1984-09-06
Last Structure Change Effective Date: 2006-03-31
Last Structure Change Process Date: 2006-11-03
Last Data Update: 2006-11-03
Data Source Date: 2009-05-14 |
| Location | Address: 249 Ocean Boulevard, Long Beach, CA 90801
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) |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $238.7 mil
Equity capital: $24.3 mil
Deposits held in domestic offices: $166.1 mil
Return on assets (ROA): -3.46% (-$8.3 mil)
Quarterly return on assets: -2.87% (-$6.9 mil)
Return on Equity (ROE): -29.29% (-$7.0 mil)
Quarterly return on equity: -27.54% (-$6.6 mil)
Net income: -$7.4 mil
Quarterly Net income: -$1.7 mil
Pretax return on assets: -4.83% (-$11,531.2 mil)
Quarterly Pretax return on assets: -4.72% (-$11,268.6 mil) |
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
(Dollar figures in thousands) |
| Total employees (full-time equivalent) | 141 |
| Total assets | $238,742 |
| Cash and due from depository institutions | $23,296 |
| Interest-bearing balances | $19,886 |
| Securities | $63,337 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $107,539 |
| Loan loss allowance | $3,929 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $5,292 |
| Other real estate owned | $10,060 |
| Goodwill and other intangibles | $0 |
| All other assets | $29,218 |
| Life insurance assets | $4,862 |
| Total liabilities and capital | $238,742 |
| Total liabilities | $214,426 |
| Total deposits | $166,073 |
| Interest-bearing deposits | $137,245 |
| Deposits held in domestic offices | $166,073 |
| % insured (estimated) | 51.88% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $43,400 |
| Subordinated debt | $0 |
| All other liabilities | $4,953 |
| Total equity capital | $24,316 |
| Total bank equity capital | $24,316 |
| Perpetual preferred stock | $0 |
| Common stock | $2,287 |
| Surplus | $11,455 |
| Undivided profits | $10,574 |
| Memoranda |
| Noncurrent loans and leases | $11,293 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $2,824 |
| Income earned, not collected on loans | $1,056 |
| Earning assets | $190,762 |
| Long-term assets (5+ years) | $47,587 |
| Average Assets, year-to-date | $215,087 |
| Average Assets, quarterly | $235,017 |
| Volatile liabilities | $61,279 |
| Insider loans | $4,841 |
| FHLB advances | $38,800 |
| Loans and leases held for sale | $0 |
| Unused loan commitments | $20,867 |
| Tier 1 (core) risk-based capital | $23,971 |
| Tier 2 risk-based capital | $1,871 |
| Total risk weighted assets | $150,416 |
| Total unused commitments | $20,867 |
| Restructured Loans and leases | $0 |
| Derivatives | $87,624 |
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Income and Expense (December 31, 2008)
(Dollar figures in thousands) |
| Total interest income | $10,011 |
| Total interest expense | $5,445 |
| Net interest income | $4,566 |
| Provision for loan and lease losses | $10,305 |
| Total noninterest income | $4,731 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $142 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $4,589 |
| Total noninterest expense | $9,376 |
| Salaries and employee benefits | $4,648 |
| Premises and equipment expense | $1,325 |
| Additional noninterest expense | $3,403 |
| Pre-tax net operating income | -$10,384 |
| Securities gains (losses) | $0 |
| Applicable income taxes | -$2,941 |
| Income before extraordinary items | -$7,443 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$7,443 |
| Net charge-offs | $9,584 |
| Cash dividends | $0 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | -$7,443 |
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Performance and Condition Ratios (December 31, 2008)
(Dollar figures in thousands) |
| Performance Ratios (%, annualized) |
| Yield on earning assets | 5.89% |
| Cost of funding earning assets | 3.21% |
| Net interest margin | 2.69% |
| Noninterest income to earning assets | 2.78% |
| Noninterest expense to earning assets | 5.52% |
| Net operating income to assets | -3.46% |
| Return on assets (ROA) | -3.46% |
| Pretax return on assets | -4.83% |
| Return on equity (ROE) | -29.29% |
| Retained earnings to average equity (YTD only) | -29.29% |
| Net charge-offs to loans | 8.06% |
| Credit loss provision to net charge-offs | 107.52% |
| Efficiency ratio | 100.85% |
| Assets per employee | $1,693 |
| Cash dividends to net income (YTD only) | 0.00% |
| Condition Ratios (%) |
| Loss allowance to loans | 3.52% |
| Loss allowance to noncurrent loans | 34.79% |
| Noncurrent assets plus other real estate owned to assets | 6.77% |
| Noncurrent loans to loans | 10.13% |
| Net loans and leases to deposits | 64.75% |
| Net loans and leases to core deposits | 79.31% |
| Equity capital to assets | 10.19% |
| Core capital (leverage) ratio | 10.02% |
| Tier 1 risk-based capital ratio | 15.94% |
| Total risk-based capital ratio | 17.18% |
| Memoranda |
| Average assets | $215,087 |
| Average earning assets | $169,883 |
| Average equity | $118,982 |
| Average loans | $25,414 |
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Home Mortgage Disclosure Act Aggregated Statistics For Year 2004
(Based on 1512 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) |
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| Number | Average Value | Number | Average Value | Number | Average Value | Number | Average Value | Number | Average Value | Number | Average Value |
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| LOANS ORIGINATED | 3,906 | $134,892 | 588 | $79,714 | 1,218 | $43,103 | 126 | $186,333 | 1,848 | $104,636 | 294 | $35,714 |
| APPLICATIONS APPROVED, NOT ACCEPTED | 210 | $104,600 | 84 | $90,000 | 42 | $3,000 | 0 | $0 | 42 | $60,000 | 42 | $253,000 |
| APPLICATIONS DENIED | 462 | $9,155,182 | 210 | $108,400 | 0 | $0 | 0 | $0 | 168 | $65,250 | 42 | $26,000 |
| APPLICATIONS WITHDRAWN | 84 | $47,000 | 42 | $200,000 | 42 | $25,000 | 0 | $0 | 0 | $0 | 0 | $0 |
| FILES CLOSED FOR INCOMPLETENESS | 42 | $93,000 | 0 | $0 | 0 | $0 | 0 | $0 | 0 | $0 | 0 | $0 |
Aggregated Statistics For Year 1999
(Based on 2 full tracts)
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| D) Home Improvement Loans
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| Number | Average Value |
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| LOANS ORIGINATED | 2 | $52,000 |
| APPLICATIONS APPROVED, NOT ACCEPTED | 0 | $0 |
| APPLICATIONS DENIED | 0 | $0 |
| APPLICATIONS WITHDRAWN | 0 | $0 |
| FILES CLOSED FOR INCOMPLETENESS | 0 | $0 |
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| 4 California Branches as of 2009-05-14 |
| No | ID | Name | Address | Established | Service Type | Map |
|---|
| 0 | 17553 | International City Bank, National Association | 249 Ocean Boulevard, Long Beach, CA 90801 | 1984-09-06 | Full Service Brick and Mortar |  |
| 1 | 45317 | 4493 Ruffin Road Branch | 4493 Ruffin Road, San Diego, CA 92123 | 1986-07-18 | Full Service Brick and Mortar |  |
| 2 | 44878 | 3939 Governor Drive Branch | 3939 Governor Drive, San Diego, CA 92122 | 1979-01-01 | Full Service Brick and Mortar | |
| 3 | 465583 | Irvine Office Branch | 9100 Irvine Center Drive, Irvine, CA 92618 | 2007-06-11 | Full Service Brick and Mortar | |
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