Wilshire Bank (merged into BBCN Bank)
Wilshire Bank reported total assets of $4.9 bn at Q2 2016, its last Call Report before it merged into BBCN Bank. The CET1 capital ratio at Wilshire Bank was 12.97%, and the uninsured share of Wilshire Bank was 39.29%. Source: FDIC Call Reports.
What sets Wilshire Bank apart
Nothing in the latest data sets Wilshire Bank apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is Wilshire Bank?
The balance sheet of Wilshire Bank at : assets $4.9 bn, deposits $4.0 bn, net loans $3.8 bn (loans equal to 94.98% of deposits). Securities make up 10.1% of total assets at Wilshire Bank. Since , when Wilshire Bank held $4.7 bn, its assets grew 3.5%. At , Wilshire Bank employed 549 full-time equivalent staff across 35 offices, about $8.9 mn of assets per employee and $115.0 mn of deposits per office.
How much funding at Wilshire Bank is uninsured?
At Wilshire Bank, uninsured deposits (above the FDIC limit) made up 39.29% of domestic deposits at . In dollars, Wilshire Bank estimated $1.6 bn of uninsured deposits.
Key facts, Q2 2016
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $4.0 bn | not available | |
| Net loans and leases | $3.8 bn | not available | |
| Loan-to-deposit ratio | 94.98% | not available | |
| Tier 1 leverage ratio | 11.50% | not available | |
| Total risk-based capital ratio | 14.22% | not available | |
| Net interest margin | 3.60% | not available | |
| Return on assets (ROA) | 1.34% | not available | |
| Efficiency ratio | 49.30% | not available | |
| Unrealized gain/loss on held-to-maturity securities | Gain of $1,000 | not available | |
| Unrealized gain/loss on available-for-sale securities | Gain of $11.2 mn | not available | |
| Noncurrent loans to total loans | 0.74% | not available | |
| Net charge-offs to average loans | -0.01% | not available |
US rank of Wilshire Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Wilshire Bank: assets, deposits and loans
- Total assets $4.9bn
- Deposits $4.0bn
- Net loans $3.8bn
Capital and securities
The CET1 ratio of Wilshire Bank stood at 12.97% in . Low and high at Wilshire Bank since : 12.66% () to 12.97% (). Equity capital of Wilshire Bank at : $613.7 mn, or 12.6% of total assets. Wilshire Bank also reported a total capital ratio of 14.22% for , and a tier 1 leverage ratio of 11.50%.
On held-to-maturity securities, Wilshire Bank carried an unrealized gain of $1,000 at , equal to 0.0% of equity capital. The available-for-sale portfolio of Wilshire Bank showed an unrealized gain of $11.2 mn at .
Wilshire Bank: capital ratios
- Total capital 14%
- CET1 13%
- Tier 1 leverage 12%
Wilshire Bank: unrealized securities gains and losses
- Available for sale $11mn
- Held to maturity $1,000
Profitability and loan quality
For the year to , Wilshire Bank earned a return on equity of 10.72%; return on assets: 1.34%. Net interest margin at Wilshire Bank: 3.60%. Wilshire Bank net income: $31.9 mn. The efficiency ratio of Wilshire Bank was 49.30%: about 49 cents cost per revenue dollar, against 72 cents at the median peer.
At , noncurrent loans were 0.74% of total loans at Wilshire Bank; net charge-offs: -0.01% of average loans. Gross loans and leases at Wilshire Bank: $3.9 bn.
Wilshire Bank: profitability
- Return on equity 11%
- Net interest margin 3.6%
- Return on assets 1.3%
Peer group of Wilshire Bank
The peer group of Wilshire Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of Wilshire Bank (state nonmember bank) and 0 have head offices in California. Against them, Wilshire Bank shows CET1 ratio 12.97% against a peer median of 12.54%, return on equity 10.72% against a peer median of 8.97% and uninsured deposit share 39.29% against a peer median of 19.59%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| SouthState Bank | National bank | FL | $5.0 bn | 10.75% | 4.80% | 31.27% | |
| Columbia Bank | Federal savings bank | NJ | $5.0 bn | 14.51% | 7.46% | 20.60% | |
| Carter Bank & Trust | State member bank | VA | $4.9 bn | 11.82% | 6.77% | 12.85% | |
| Wilshire Bank | State nonmember bank | CA | $4.9 bn | 12.97% | 10.72% | 39.29% | |
| First NBC Bank | State nonmember bank | LA | $4.8 bn | 7.78% | 12.61% | 30.10% | |
| TrustCo Bank | Federal savings bank | NY | $4.8 bn | 17.32% | 10.49% | 10.79% | |
| Woodforest National Bank | National bank | TX | $4.8 bn | 13.26% | 19.76% | 18.57% | |
. FDIC Call Reports.
Last eight quarters
Two years at Wilshire Bank, to : assets $4.7 bn to $4.9 bn, deposits $3.9 bn to $4.0 bn, equity $594.5 mn to $613.7 mn. Staff 569 to 549.
| 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 |
| 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 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Wilshire Bank, oldest first; figures before and after each event are not like for like.
- . Merged into BBCN Bank (FDIC certificate 26610).
Questions and identifiers
What were the total assets of Wilshire Bank?
Wilshire Bank reported $4.9 bn at in its Call Report.
Is Wilshire Bank the same as its holding company?
No. This page covers Wilshire Bank, FDIC certificate 23301; WILSHIRE BCORP INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Wilshire Bank profitable?
Wilshire Bank reported net income of $31.9 mn for the year to ; annualized return on equity: 10.72%. So yes: Wilshire Bank made a profit over these months.
When is data for Wilshire Bank next updated?
Wilshire Bank no longer files Call Reports; its data ends at .
Where can I check the figures for Wilshire Bank?
In the FDIC BankFind Suite record for certificate 23301, and in the Call Reports of Wilshire Bank (RSSD ID 382667) at the FFIEC Central Data Repository.