Wilshire Bank
Wilshire Bank reported total assets of $4.9 bn at Q2 2016, its last Call Report before it merged into BBCN Bank. Its common equity tier 1 ratio was 12.97%, and an estimated 39.29% of domestic deposits were uninsured. Source: FDIC Call Report data, cross-checked against FFIEC filings.
- Uninsured share of domestic deposits: up 1.78 pp on Q1 2016, to 39.29%
- Return on equity (ROE): up 1.21 pp on Q1 2016, to 10.72%
- Total deposits: up 3.8% on Q1 2016, to $4.0 bn
Ranks compare banks in our US coverage that report each metric. Sparklines: the last ten years. Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Overview
What stands out about Wilshire Bank?
Against its six size peers, its efficiency ratio stands out most: 49.30% at Q2 2016, below the peer median of 72.28%.
How large is Wilshire Bank?
At Q2 2016 the bank held $4.9 bn of assets. Deposits were $4.0 bn and net loans and leases $3.8 bn, a loan-to-deposit ratio of 94.98%. Securities of $490.6 mn made up 10.1% of assets.
Total assets rose 3.5% between Q1 2016 and Q2 2016, from $4.7 bn.
How much of its funding is uninsured?
An estimated 39.29% of domestic deposits were above the FDIC insurance limit at Q2 2016, +1.78 pp from the previous quarter.
Key facts, Q2 2016
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total assets | $4.9 bn | not available | |
| Total deposits | $4.0 bn | not available | |
| Net loans and leases | $3.8 bn | not available | |
| Bank equity capital | $613.7 mn | not available | |
| Common equity tier 1 (CET1) ratio | 12.97% | not available | |
| Tier 1 leverage ratio | 11.50% | not available | |
| Return on equity (ROE) | 10.72% | not available | |
| Net interest margin | 3.60% | not available | |
| Uninsured share of domestic deposits | 39.29% | not available | |
| Unrealized gain/loss on held-to-maturity securities | Gain of $1,000 | not available | |
| Noncurrent loans to total loans | 0.74% | not available | |
| Net charge-offs to average loans | -0.01% | not available |
US rank: rank among the banks in our coverage reporting each metric, 1 = highest unless marked 1 = lowest.
Balance sheet
Total assets, deposits and net loans, quarterly, Q1 2016 to Q2 2016.
- Total assets $4.9bn
- Deposits $4.0bn
- Net loans $3.8bn
Capital and securities
The common equity tier 1 (CET1) ratio was 12.97% at Q2 2016. Since Q1 2016 it has ranged from 12.66% (Q1 2016) to 12.97% (Q2 2016). At Q2 2016 the tier 1 leverage ratio was 11.50% and the total risk-based capital ratio 14.22%. The median CET1 ratio of the size peers listed below was 12.54% at Q2 2016.
Held-to-maturity securities had an unrealized gain of $1,000 at Q2 2016, measured as fair value minus amortized cost, equal to 0.0% of bank equity capital. Available-for-sale securities showed an unrealized gain of $11.2 mn at Q2 2016.
Capital ratios
- Total capital 14%
- CET1 13%
- Tier 1 leverage 12%
Unrealized gains and losses on securities
- Available for sale $11mn
- Held to maturity $1,000
Profitability and loan quality
Return on equity was 10.72% for the year to Q2 2016, annualized, with a return on assets of 1.34% and a net interest margin of 3.60%. The efficiency ratio, noninterest expense as a share of revenue as the FDIC defines it, was 49.30%. Net income for the year to Q2 2016 was $31.9 mn. The median return on equity of its size peers was 8.97% for the same period.
Noncurrent loans, those 90 days or more past due or no longer accruing interest, were 0.74% of total loans at Q2 2016. Net charge-offs for the year to date were -0.01% of average loans, annualized.
Profitability
- Return on equity 11%
- Net interest margin 3.6%
- Return on assets 1.3%
Compared with banks of similar size
The six banks ranked closest to Wilshire Bank by total assets at Q2 2016, three above and three below where possible.
Among the seven banks in the table at Q2 2016, Wilshire Bank is 4th by total assets. Its CET1 ratio of 12.97% compares with a peer median of 12.54%, its tier 1 leverage ratio of 11.50% compares with a peer median of 8.27%, and its return on equity of 10.72% compares with a peer median of 8.97%.
| Bank | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|
| SouthState Bank | $5.0 bn | 10.75% | 4.80% | 31.27% | |
| Columbia Bank | $5.0 bn | 14.51% | 7.46% | 20.60% | |
| Carter Bank & Trust | $4.9 bn | 11.82% | 6.77% | 12.85% | |
| Wilshire Bank | $4.9 bn | 12.97% | 10.72% | 39.29% | |
| First NBC Bank | $4.8 bn | 7.78% | 12.61% | 30.10% | |
| TrustCo Bank | $4.8 bn | 17.32% | 10.49% | 10.79% | |
| Woodforest National Bank | $4.8 bn | 13.26% | 19.76% | 18.57% | |
Q2 2016. Peer median (the six banks, excluding this one): CET1 12.54%, return on equity 8.97%. Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Last eight quarters
Wilshire Bank, as reported in its Call Reports.
From Q1 2016 to Q2 2016, total assets rose 3.5% to $4.9 bn, deposits rose 3.8% to $4.0 bn and bank equity capital rose 3.2% to $613.7 mn. Over the same period its full-time equivalent staff went from 569 to 549 and its offices went from 35 to 35.
| Metric | Q1 2016 | Q2 2016 |
|---|---|---|
| Total assets | $4.7 bn | $4.9 bn |
| Total deposits | $3.9 bn | $4.0 bn |
| Bank equity capital | $594.5 mn | $613.7 mn |
| Common equity tier 1 (CET1) ratio | 12.66% | 12.97% |
| Return on equity (ROE) | 9.51% | 10.72% |
| Uninsured share of domestic deposits | 37.51% | 39.29% |
| Full-time equivalent employees | 569 | 549 |
| Number of offices | 35 | 35 |
Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Mergers and acquisitions
Figures before and after each event are not like for like.
- . Merged into BBCN Bank (FDIC certificate 26610).
Source: FDIC BankFind API, institution history. Moves of more than 25% in one quarter are checked against that history in our review.
Identifiers and sources
- FDIC certificate
- 23301
- Federal Reserve RSSD ID
- 382667
- Head office
- Los Angeles, California
- Holding company
- WILSHIRE BCORP INC (as reported to the FDIC)
- Holding company RSSD ID
- 3248513
- EconoMonitor ID
- EMB-US-000305
Frequently asked questions
What were Wilshire Bank's total assets?
$4.9 bn at Q2 2016, according to its Call Report as published by the FDIC.
Is Wilshire Bank the same as its holding company?
No. This page covers the FDIC-insured bank (certificate 23301). Its holding company, WILSHIRE BCORP INC (as reported to the FDIC), reports separately to the Federal Reserve and, if its shares are listed, to the SEC.
How often is this page updated?
Every quarter, after Wilshire Bank files its Call Report and the FDIC publishes it. This page shows Q2 2016, loaded on 19 October 2026; any sentence that uses an earlier quarter names it.
Where can I check these numbers?
In the FDIC BankFind Suite record for certificate 23301, and in the Call Reports filed under RSSD ID 382667 at the FFIEC Central Data Repository.
Sources and definitions
Definitions, Call Report fields and formulas for each metric: Bank equity capital, Common equity tier 1 (CET1) ratio, Deposits in domestic offices, Efficiency ratio, Full-time equivalent employees, Loan-to-deposit ratio, Total loans and leases (gross), Net loans and leases, Net charge-offs to average loans, Net income (year to date), Net interest margin, Noncurrent loans to total loans, Number of offices, Return on assets (ROA), Return on equity (ROE), Available-for-sale securities (amortized cost), Available-for-sale securities (fair value), Held-to-maturity securities (amortized cost), Held-to-maturity securities (fair value), Total securities, Tier 1 leverage ratio, Total assets, Total deposits, Total equity capital, Total risk-based capital ratio, Uninsured share of domestic deposits, Estimated uninsured deposits, Unrealized gain/loss on available-for-sale securities, Unrealized gain/loss on held-to-maturity securities.
Checks for this release: Check A (database against the FDIC download) passed, Check B (FDIC against FFIEC Call Report filings) passed.
Source: FDIC BankFind Suite (Call Report data). EconoMonitor is not affiliated with or endorsed by the FDIC. FDIC BankFind Suite API.
Source: FFIEC Central Data Repository (Call Reports). EconoMonitor is not affiliated with or endorsed by the FFIEC. FFIEC Central Data Repository, Public Data Distribution.
Data and analysis only, not financial advice. The FDIC and the FFIEC do not endorse EconoMonitor. See the disclaimer and methodology.