Pacific Western Bank in San Diego, California (CA), AZ
| Pacific Western Bank | |
|---|---|
| General | FDIC Certificate #: 24045 Status: Active Federal Reserve ID: 494261 Bank Holding Company (Regulatory Top Holder): Capgen Capital Group Ii Lp (RSSDID: 3821309, Location: New York, NY) Date Established: August 26, 1982 WWW: http://www.pacificwesternbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 85 (Domestic: 85, Interstate: Yes) FDIC's unique #: 16761 Numeric code: 21 Regulator: FDIC 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: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: August 26, 1982 Last Structure Change Effective Date: August 20, 2010 Last Structure Change Process Date: August 23, 2010 Last Data Update: August 23, 2010 Data Source Date: Febuary 17, 2011 |
| Location | Address: 401 West A Street, San Diego, CA 92101 County: San Diego Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Orange Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): San Diego, CA (#7320) Core Based Statistical Area (CBSA): San Diego-Carlsbad-San Marcos, CA (#41740) CBSA Metro Statistical Area: San Diego-Carlsbad-San Marcos, CA (#41740) |
| History of Changes | Participated in FDIC Assisted Absorption/Consolidation/Merger |
| Financial Summary | Total assets: $5,731.8 mil Equity capital: $58.2 mil Deposits held in domestic offices: $4,831.6 mil Return on assets (ROA): -1.19% (-$68.2 mil) Quarterly return on assets: 0.42% ($24.1 mil) Return on Equity (ROE): -11.03% (-$6.4 mil) Quarterly return on equity: 1.03.1993% ($0.6 mil) Net income: -$4.8 mil Quarterly Net income: $0.6 mil Pretax return on assets: -2.08% (-$119,220.5 mil) Quarterly Pretax return on assets: 0.67% ($38,402.7 mil) |
| Assets and Liabilities (December 31, 2010) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 947 |
| Total assets | $5,519,010 |
| Cash and due from depository institutions | $108,552 |
| Interest-bearing balances | $26,382 |
| Securities | $873,914 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $3,976,232 |
| Loan loss allowance | $131,917 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $22,144 |
| Other real estate owned | $81,413 |
| Goodwill and other intangibles | $76,345 |
| All other assets | $380,410 |
| Life insurance assets | $66,182 |
| Total liabilities and capital | $5,519,010 |
| Total liabilities | $4,948,892 |
| Total deposits | $4,679,248 |
| Interest-bearing deposits | $3,184,136 |
| Deposits held in domestic offices | $4,679,248 |
| % insured (estimated) | 60.99% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $225,000 |
| Subordinated debt | $0 |
| All other liabilities | $44,644 |
| Total equity capital | $570,118 |
| Total bank equity capital | $570,118 |
| Perpetual preferred stock | $570,118 |
| Common stock | $0 |
| Surplus | $2,861 |
| Undivided profits | $1,333,213 |
| Memoranda | |
| Noncurrent loans and leases | $-765,956 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $754,049 |
| Income earned, not collected on loans | $0 |
| Earning assets | $151,571 |
| Long-term assets (5+ years) | $63,189 |
| Average Assets, year-to-date | $16,317 |
| Average Assets, quarterly | $4,876,528 |
| Volatile liabilities | $1,893,156 |
| Insider loans | $5,380,161 |
| FHLB advances | $5,625,382 |
| Loans and leases held for sale | $795,195 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $225,000 |
| Tier 2 risk-based capital | $16 |
| Total risk weighted assets | $0 |
| Total unused commitments | $754,049 |
| Restructured Loans and leases | $89,272 |
| Derivatives | $48,380 |
| Income and Expense (December 31, 2010) (Dollar figures in thousands) | |
| Total interest income | $290,283 |
| Total interest expense | $35,363 |
| Net interest income | $254,920 |
| Provision for loan and lease losses | $217,924 |
| Total noninterest income | $37,288 |
| Fiduciary activities | $279 |
| Service charges on deposit accounts | $11,561 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $25,448 |
| Total noninterest expense | $167,055 |
| Salaries and employee benefits | $81,866 |
| Premises and equipment expense | $27,554 |
| Additional noninterest expense | $57,635 |
| Pre-tax net operating income | -$92,771 |
| Securities gains (losses) | -$874 |
| Applicable income taxes | -$40,358 |
| Income before extraordinary items | -$53,287 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$53,287 |
| Net charge-offs | $0 |
| Cash dividends | -$53,287 |
| Sale, conversion, retirement of capital stock, net | $222,724 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2010) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 6.06% |
| Cost of funding earning assets | 0.74% |
| Net interest margin | 5.33% |
| Noninterest income to earning assets | 0.78% |
| Noninterest expense to earning assets | 3.49% |
| Net operating income to assets | -0.98% |
| Return on assets (ROA) | -0.99% |
| Pretax return on assets | -1.74% |
| Return on equity (ROE) | -9.28% |
| Retained earnings to average equity (YTD only) | -9.28% |
| Net charge-offs to loans | 5.45% |
| Credit loss provision to net charge-offs | 97.84% |
| Efficiency ratio | 0.56% |
| Assets per employee | $53,870 |
| Cash dividends to net income (YTD only) | 5.83% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 3.21% |
| Noncurrent assets plus other real estate owned to assets | 87.03% |
| Noncurrent loans to loans | 4.22% |
| Net loans and leases to deposits | 3.69% |
| Net loans and leases to core deposits | 84.98% |
| Equity capital to assets | 102.37% |
| Core capital (leverage) ratio | 10.33% |
| Tier 1 risk-based capital ratio | 8.51% |
| Total risk-based capital ratio | 12.71% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $5,380,161 |
| Average equity | $574,306 |
| Average loans | $4,786,908 |
| Total Fiduciary and Related Assets (December 31, 2010) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $138,269 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $107,043 |
| Employee benefit-defined contribution accounts | $80,366 |
| Employee benefit-defined benefit accounts | $2,881 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $23,796 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $0 |
| Non-managed Assets | $0 |
| Number of Accounts | 547 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $23,796 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $31,226 |
| Corporate trust and agency accounts | $15,351 |
| Other fiduciary accounts | $2,754 |
| Fiduciary accounts held in foreign offices | $13,121 |
| 3 Arizona Branches as of Febuary 17, 2011 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 99 | 431543 | North 114th Street Branch | 10555 North 114th Street, Suite 100, Scottsdale, AZ 85259 | June 30, 2003 | Full Service Brick and Mortar |  |
| 105 | 439758 | Scottsdale Branch | 14100 North Northsight Boulevard, Scottsdale, AZ 85254 | November 12, 2002 | Full Service Brick and Mortar | |
| 106 | 492480 | Surprise Branch | 17061 N Avenue Of The Arts, Suite 102, Surprise, AZ 85378 | May 19, 2008 | Full Service Brick and Mortar | |
| 82 California Branches as of Febuary 17, 2011 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 16761 | Pacific Western Bank | 401 West A Street, San Diego, CA 92101 | August 26, 1982 | Full Service Brick and Mortar |  |
| 2 | 256890 | Warner Center Branch | 21600 Oxnard Street, Suite 100, Woodland Hills, CA 91367 | December 01, 1986 | Full Service Brick and Mortar | |
| 7 | 16995 | Beverly Hills Branch | 9454 Wilshire Boulevard, Beverly Hills, CA 90212 | April 06, 1983 | Full Service Brick and Mortar | |
| 9 | 16301 | Pico Rivera Branch | 8810 East Whittier Boulevard, Pico Rivera, CA 90660 | November 13, 1980 | Full Service Brick and Mortar | |
| 10 | 256097 | Downey Branch | 10245 Paramount Boulevard, Downey, CA 90241 | January 30, 1984 | Full Service Brick and Mortar | |
| 11 | 250169 | West Covina Branch | 220 South Vincent Avenue, West Covina, CA 91790 | May 25, 1972 | Full Service Brick and Mortar | |
| 12 | 256098 | Brea Branch | 275 North Brea Boulevard, Brea, CA 92821 | November 05, 1998 | Full Service Brick and Mortar | |
| 13 | 360712 | Whittier Branch | 15335 Whittier Boulevard, Whittier, CA 90603 | July 02, 2001 | Full Service Brick and Mortar | |
| 14 | 16280 | Indian Wells Branch | 74-750 Highway 111, Indian Wells, CA 92210 | October 30, 1980 | Full Service Brick and Mortar | |
| 15 | 256074 | Twentynine Palms Branch | 73700 Gorgonio Road, Twentynine Palms, CA 92277 | August 12, 1985 | Full Service Brick and Mortar | |
| 16 | 256075 | Cathedral City Branch | 30-855 Date Palm Drive, Cathedral City, CA 92234 | January 16, 1990 | Full Service Brick and Mortar | |
| 17 | 256077 | Yucca Valley Branch | 7272 Joshua Lane, Yucca Valley, CA 92284 | May 15, 1996 | Full Service Brick and Mortar | |
| 18 | 256078 | Palm Springs Branch | 601 East Tahquitz Way, Palm Springs, CA 92262 | March 27, 1998 | Full Service Brick and Mortar | |
| 20 | 257830 | Chino Branch | 12474 Central Avenue, Chino, CA 91710 | October 07, 1985 | Full Service Brick and Mortar | |
| 21 | 17130 | Olympic Branch | 11150 West Olympic Boulevard, Los Angeles, CA 90064 | August 29, 1983 | Full Service Brick and Mortar | |
| 22 | 365207 | La Quinta Branch | 78-080 Calle Estado Suite 101, La Quinta, CA 92253 | Febuary 01, 2002 | Full Service Brick and Mortar | |
| 23 | 47191 | Glendale Branch | 400 North Brand Boulevard, Glendale, CA 91203 | August 19, 1991 | Full Service Brick and Mortar | |
| 24 | 16861 | Newport Beach Branch | 895 Dove Street, Suite 100, Newport Beach, CA 92660 | December 16, 1982 | Full Service Brick and Mortar | |
| 27 | 356863 | Dana Point Office | 34180 Pacific Coast Highway, Dana Point, CA 92629 | June 27, 2000 | Full Service Brick and Mortar | |
| 28 | 365518 | Anaheim Office | 101 East Lincoln Ave., Suite 125, Anaheim, CA 92805 | October 24, 2002 | Full Service Brick and Mortar | |
| 29 | 419914 | Real Estate Loan Branch | 901 Dove Street, Suite 145, Newport Beach, CA 92660 | March 15, 2003 | Limited Service Loan Production | |
| 30 | 16910 | Rosemead Branch | 8941 East Valley Boulevard, Rosemead, CA 91770 | Febuary 15, 1983 | Full Service Brick and Mortar | |
| 31 | 16751 | South Pasadena Branch | 625 Fair Oaks Avenue, South Pasadena, CA 91030 | October 04, 1982 | Full Service Brick and Mortar | |
| 32 | 45394 | San Fernando Branch | 400 South San Fernando Mission Boulevard, San Fernando, CA 91342 | October 15, 1987 | Full Service Brick and Mortar | |
| 33 | 257135 | Los Angeles Branch | 444 South Flower Street 14th Floor, Los Angeles, CA 90071 | April 12, 1999 | Full Service Brick and Mortar | |
| 34 | 61728 | Huntington Beach Branch | 19950 Beach Boulevard, Huntington Beach, CA 92648 | May 17, 1999 | Full Service Brick and Mortar | |
| 36 | 38674 | Century City Branch | 10250 Constellation Blvd. Suite 1640, Los Angeles, CA 90067 | October 05, 1987 | Full Service Brick and Mortar | |
| 39 | 362614 | Pasadena Branch | 200 S. Los Robles Avenue Suite 100, Pasadena, CA 91101 | November 05, 2001 | Full Service Brick and Mortar | |
| 41 | 14587 | Glendora Branch | 510 South Grande Avenue, Glendora, CA 91741 | June 01, 1973 | Full Service Brick and Mortar | |
| 42 | 252226 | Upland Branch | 569 North Mountain Avenue, Upland, CA 91786 | March 25, 1974 | Full Service Brick and Mortar | |
| 43 | 252227 | Claremont Branch | 223 West Foothill Boulevard, Claremont, CA 91711 | January 18, 1980 | Full Service Brick and Mortar | |
| 44 | 252228 | Rancho Cucamonga Branch | 9680 Haven Avenue, Rancho Cucamonga, CA 91730 | August 24, 1981 | Full Service Brick and Mortar | |
| 45 | 252230 | Ontario Branch | 2401 South Grove Avenue, Ontario, CA 91761 | January 10, 1983 | Full Service Brick and Mortar | |
| 46 | 252231 | Irwindale Branch | 5155 Irwindale Avenue, Irwindale, CA 91706 | April 22, 1983 | Full Service Brick and Mortar | |
| 47 | 252232 | Covina Branch | 728 South Citrus Avenue, Covina, CA 91723 | July 05, 1984 | Full Service Brick and Mortar | |
| 49 | 252234 | Corona Branch | 1050 W Sixth Street, Corona, CA 92877 | July 17, 1995 | Full Service Brick and Mortar | |
| 50 | 252235 | Chino Grand Branch | 4012 Grand Avenue, Suite A, Chino, CA 91710 | March 25, 1996 | Full Service Brick and Mortar | |
| 51 | 252236 | Monrovia Branch | 515 South Myrtle Avenue, Monrovia, CA 91016 | April 15, 1999 | Full Service Brick and Mortar | |
| 53 | 16598 | Rancho Santa Fe Branch | 6110 El Tordo, Rancho Santa Fe, CA 92067 | March 03, 1982 | Full Service Brick and Mortar | |
| 54 | 256678 | Golden Triangle Branch | 4365 Executive Drive, Suite 125, San Diego, CA 92122 | December 19, 1983 | Full Service Brick and Mortar | |
| 56 | 32062 | El Camino Real Branch | 2602 El Camino Real, Carlsbad, CA 92008 | December 14, 1984 | Full Service Brick and Mortar | |
| 58 | 258233 | La Costa Branch | 7690 El Camino Real, Carlsbad, CA 92009 | November 08, 1999 | Full Service Brick and Mortar | |
| 59 | 16548 | Santa Monica Branch | 120 Wilshire Blvd, Santa Monica, CA 90401 | December 15, 1981 | Full Service Brick and Mortar | |
| 60 | 16543 | La Jolla Branch | 7855 Ivanhoe Street, Suite 100, La Jolla, CA 92037 | December 01, 1981 | Full Service Brick and Mortar | |
| 61 | 257122 | Point Loma Branch | 1661 Rosecrans Street, San Diego, CA 92106 | January 03, 1983 | Full Service Brick and Mortar | |
| 62 | 246839 | Chula Vista Branch | 730 Broadway, Suite 200, Chula Vista, CA 91910 | August 17, 1992 | Full Service Brick and Mortar | |
| 63 | 253000 | San Ysidro Branch | 418 West San Ysidro Boulevard, San Ysidro, CA 92173 | August 07, 1976 | Full Service Brick and Mortar | |
| 64 | 16149 | Coronado Branch | 1190 Orange Avenue, Coronado, CA 92118 | Febuary 27, 1980 | Full Service Brick and Mortar | |
| 67 | 33045 | Fallbrook Branch | 130 W. Fallbrook St., Fallbrook, CA 92028 | September 03, 1985 | Full Service Brick and Mortar | |
| 68 | 259415 | Temecula-Ynez Branch | 27541 Ynez Road, Temecula, CA 92591 | May 06, 1996 | Full Service Brick and Mortar | |
| 69 | 259416 | Vista-Shadowridge Branch | 1690 S Melrose Avenue, Vista, CA 92083 | August 03, 1998 | Full Service Brick and Mortar | |
| 70 | 361742 | Escondido Branch | 900 Canterbury Place, Escondido, CA 92025 | April 02, 2001 | Full Service Brick and Mortar | |
| 71 | 363119 | Bonsall Branch | 5256 South Mission Road, Ste. 1001, Bonsall, CA 92003 | December 17, 2001 | Full Service Brick and Mortar | |
| 72 | 17238 | Santee Branch | 9955 Mission Gorge Road, Santee, CA 92071 | January 03, 1984 | Full Service Brick and Mortar | |
| 73 | 257694 | La Mesa Branch | 7966 La Mesa Boulevard, La Mesa, CA 91941 | October 28, 1985 | Full Service Brick and Mortar | |
| 74 | 359872 | El Cajon Branch | 368 Broadway, El Cajon, CA 92021 | April 10, 2001 | Full Service Brick and Mortar | |
| 76 | 437830 | Murrieta Branch Office | 41381 Kalmia Avenue, Murrieta, CA 92562 | October 04, 2004 | Full Service Brick and Mortar | |
| 77 | 57082 | Rancho Bernardo Branch | 16495 Bernardo Center Drive, San Diego, CA 92128 | June 16, 1997 | Full Service Brick and Mortar | |
| 80 | 256555 | Limited Service Branch (Courier) | 845 North Euclid Avenue, Ontario, CA 91762 | October 17, 1985 | Limited Service Messenger | |
| 81 | 256557 | West Los Angeles Branch | 1762 Westwood Blvd, Los Angeles, CA 90024 | September 30, 1999 | Full Service Brick and Mortar | |
| 84 | 39100 | Ventura Chestnut Branch | 101 S. Chestnut Street, Ventura, CA 93001 | September 19, 1982 | Full Service Brick and Mortar | |
| 86 | 258167 | Irvine Branch | 14252 Culver Drive, Irvine, CA 92604 | May 05, 1994 | Full Service Brick and Mortar | |
| 88 | 419787 | San Francisco - Sunset Office Branch | 2301 Noriega Street, San Francisco, CA 94122 | March 24, 2003 | Full Service Brick and Mortar | |
| 89 | 439743 | Camarillo Branch | 1656 Arneill Road, Unit U, Camarillo, CA 93010 | April 04, 2005 | Full Service Brick and Mortar | |
| 90 | 453039 | Encino Office Branch | 15840 Ventura Blvd., Suite 100, Encino, CA 91436 | November 22, 2005 | Full Service Brick and Mortar | |
| 91 | 457432 | San Mateo Branch | 885 South El Camino Real, San Mateo, CA 94402 | December 18, 2006 | Full Service Retail | |
| 92 | 462646 | Ventura-Mills Branch | 480 S. Mills Road, Ventura, CA 93003 | April 23, 2007 | Full Service Retail | |
| 93 | 469760 | Thousand Oaks Branch | 550 N. Moorpark Road, Thousand Oaks, CA 91360 | December 03, 2007 | Full Service Retail | |
| 94 | 44999 | Los Padres Bank Branch | 610 Alamo Pintado Road, Solvang, CA 93463 | January 01, 1982 | Full Service Brick and Mortar | |
| 95 | 287061 | 831 Oak Park Blvd. Branch | 831 Oak Park Blvd., Pismo Beach, CA 93449 | June 30, 1988 | Full Service Brick and Mortar | |
| 96 | 287063 | Santa Maria Branch | 402 East Main Street, Santa Maria, CA 93454 | July 01, 1992 | Full Service Brick and Mortar | |
| 97 | 273950 | Atascadero Branch | 7315 El Camino Rd., Atascadero, CA 93422 | June 30, 1989 | Full Service Brick and Mortar | |
| 98 | 287064 | Buellton Branch | 234 East Highway 246, Suite 109, Buellton, CA 93427 | December 31, 1997 | Full Service Brick and Mortar | |
| 100 | 431544 | North Fairview Branch | 197 North Fairview, Goleta, CA 93117 | June 30, 2003 | Full Service Brick and Mortar | |
| 101 | 431545 | West Tefft Street Branch | 542 West Tefft Street, Nipomo, CA 93444 | June 30, 2003 | Full Service Brick and Mortar | |
| 102 | 431546 | South Ventura Street Branch | 110 South Ventura Street, Ojai, CA 93023 | June 30, 2003 | Full Service Brick and Mortar | |
| 103 | 431547 | 1322 Madonna Road Branch | 1322 Madonna Road, San Luis Obispo, CA 93405 | June 30, 2003 | Full Service Brick and Mortar | |
| 104 | 432022 | S. Victoria Avenue Branch | 1171 S. Victoria Avenue, Suite A, Ventura, CA 93003 | May 03, 2004 | Full Service Brick and Mortar | |
| 107 | 495848 | Thousand Oaks Blvd Branch | 2929 Thousand Oaks Blvd, Thousand Oaks, CA 91362 | May 23, 2005 | Full Service Brick and Mortar | |
| 109 | 495851 | Internet Banking Branch | Internet Banking Branch, Solvang, CA 93463 | January 13, 2009 | Full Service Brick and Mortar | |
| 110 | 511994 | Pacific Palisades Branch | 15310 Sunset Blvd, Pacific Palisades, CA 90272 | August 28, 2009 | Full Service Brick and Mortar | |
| 111 | 511995 | San Francisco - Richmond Branch | 5160 Geary Blvd, San Francisco, CA 94118 | August 28, 2009 | Full Service Brick and Mortar | |
Based on public records. Inadvertent errors are possible.
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Faqs.org does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.