L.A. County-based savings & loan associations: ranked by assets as of June 30, 2005.EXECUTIVE SUMMARY The number of savings-and-loans headquartered in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. county continues to fall. Trust Bank, No. 11 last year with $235 million in assets, merged into East West Bank in August 2004. Quaker City Bank, No. 4 last year with $1.8 billion in assets, merged into Banco Popular North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. in September September: see month. 2004. Despite their dwindling dwin·dle v. dwin·dled, dwin·dling, dwin·dles v.intr. To become gradually less until little remains. v.tr. To cause to dwindle. See Synonyms at decrease. ranks, the nine thrifts remaining on the list saw a $7.7 billion increase in assets as of June June: see month. 30. The increase represents 27.5 percent growth from a year earlier. At No. 2 First Federal Bank of California The Bank of California was founded in San Francisco, California on July 5, 1864 by William Chapman Ralston. It was the first commercial bank in the Western United States, the second-richest bank in the nation, and considered instrumental in developing the American Old West. , assets rose $3.7 billion or 67.5 percent, to $9.3 billion as of June 30. No. 5 Standard Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. was the only institution on the list to see assets decline. They fell 5.9 percent to $927.1 million. Combined deposits at institutions on the list rose to $16.2 billion as of June 30, up $3.4 billion from a year earlier. First Federal Bank of California saw the largest percentage increase, up 43.9 percent to $4 billion. Two institutions saw deposits decline: Calabasas-based First Bank of Beverly Hills Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. , No. 4 on the list, had $593.7 million in deposits, down 6.8 percent, and Standard Savings Bank saw deposits fall 5.2 percent to $743.2 million. THE PACESETTER INDYMAC BANK Indymac Bancorp, Inc. (NYSE: IMB) (Indymac®) is the holding company for Indymac Bank, F.S.B. (Indymac Bank®), the largest savings and loan in Los Angeles and the 7th largest mortgage originator in the nation. WITH nearly double the assets of its closest competitor, the Pasadena-based mortgage lender LENDER, contracts. He from whom a thing is borrowed. 2. The contract of loan confers rights, and imposes duties on the lender. 1. The lender has the right to revoke the loan at his mere pleasure; 9 Cowen, R. 687; 8 Johns. Rep. 432; 1 T. R. 480; 2 Campb. Rep. is by far the largest savings and loan association savings and loan association, type of financial institution that was originally created to accept savings from private investors and to provide home mortgage services for the public. The first U.S. savings and loan association was founded in 1831. in Los Angeles County, topping the list for the sixth consecutive year. As of June 30, assets stood at $3.3 billion, 22.4 percent higher than a year earlier. Deposits rose by 36.8 percent, to $6.8 billion. "The mortgage market is still relatively strong," said Michael Perry The name Michael Perry may mean:
(mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. U.S. mortgage market has been flat this year and is forecast to fall about 5 percent in 2006. In 2004, IndyMac purchased Irvine-based Financial Freedom from Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. Bank FSB (FrontSide Bus) See system bus. FSB - front side bus . Financial Freedom is the largest reverse mortgage lender in the country with more than 50 percent of the market share. In the second quarter ended June 30, loan volume reached $639 million, double the year-ago period. Reverse mortgages are available to older homeowners who want to draw equity from their home. IndyMac has 1,600 mortgages in areas struck by Hurricane Katrina  Editing of this page by unregistered or newly registered users is currently disabled due to vandalism. ,
including 300 loans in the worst affected areas. "We're we're Contraction of we are. we're we are deferring payments for months and assisting victims with insurance claims," said Perry. The company also contributed $130,000 to hurricane hurricane, tropical cyclone in which winds attain speeds greater than 74 mi (119 km) per hr. Wind speeds reach over 190 mi (289 km) per hr in some hurricanes. relief efforts, matching $130,000 in contributions from its employees. Perry started the company 12 years ago as an offshoot of Countrywide Financial Countrywide Financial Corporation (NYSE: CFC) is a diversified financial marketing and service holding company engaged primarily in residential mortgage banking and related businesses. Corp. It has since become 10th largest thrift thrift: see leadwort. and 11th largest mortgage lender in the nation. IndyMac has 24 commercial branches in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, .
Dollar amount in millions
Rank Savings & Loan (year established) Assets
(Ranking in 2004) * as of June 30, 2005
* name * as of June 30, 2004
* address * % increase (decrease)
1 IndyMac Bank Inc. (1936) (1) $18,273.9
155 N. Lake Ave. $14,931.4
Pasadena 91101 22.4%
2 First Federal Bank of 9,278.1
California (1929) (2)
401 Wilshire Blvd. 5,538.3
Santa Monica 90401 67.5
3 PFF Bank & Trust (1892) (3) 3,900.4
399 N. Garey Ave. 3,608.1
Pomona 91766 8.1
4 First Bank of Beverly Hills (1979) (5) 1,401.5
23901 Calabasas Road, Suite 1050 1,210.3
Calabasas 91302 15.8
5 Standard Savings Bank (1980) (6) 927.1
228 W. Garvey Ave. 985
Monterey Park 91754 -5.9
6 Kaiser Federal Bank (1953) (7) 620.6
1359 N. Grand Ave. 557.1
Covina 91724 11.4
7 Malaga Bank (1985) (8) 526.4
2514 Via Tejon 484.9
Palos Verdes Peninsula 90274 8.6
8 Universal Bank (1954) (9) 432.6
3455 Nogales St., Suite 105 407.6
West Covina 91792 6.1
9 Broadway Federal Bank (1947) (10) 297.1
4800 Wilshire Blvd. 253.3
Los Angeles 90010 17.3
Dollar amount in millions
Savings & Loan (year established) Deposits
(Ranking in 2004) * as of June 30, 2005
* name * as of June 30, 2004
* address * % increase (decrease)
IndyMac Bank Inc. (1936) (1) $6,750.9
155 N. Lake Ave. $4,933.7
Pasadena 91101 36.8%
First Federal Bank of 4,025.5
California (1929) (2) 2,796.9
401 Wilshire Blvd. 43.9
Santa Monica 90401
PFF Bank & Trust (1892) (3) 2,780.4
399 N. Garey Ave. 2,514.6
Pomona 91766 10.6
First Bank of Beverly Hills (1979) (5) 593.7
23901 Calabasas Road, Suite 1050 636.9
Calabasas 91302 -6.8
Standard Savings Bank (1980) (6) 743.2
228 W. Garvey Ave. 784.3
Monterey Park 91754 -5.2
Kaiser Federal Bank (1953) (7) 476
1359 N. Grand Ave. 418.8
Covina 91724 13.7
Malaga Bank (1985) (8) 306.2
2514 Via Tejon 264
Palos Verdes Peninsula 90274 16
Universal Bank (1954) (9) 328.1
3455 Nogales St., Suite 105 309.4
West Covina 91792 6.1
Broadway Federal Bank (1947) (10) 210
4800 Wilshire Blvd. 186.3
Los Angeles 90010 12.7
Dollar amount in millions
Savings & Loan (year established) Net Income
(Ranking in 2004) * Jan. 1 - June 30, 2005
* name * Jan. 1 - June 30, 2004
* address * % increase (decrease)
IndyMac Bank Inc. (1936) (1) $148.8
155 N. Lake Ave. $70.2
Pasadena 91101 112%
First Federal Bank of 40.4
California (1929) (2) 31.7
401 Wilshire Blvd. 27.4
Santa Monica 90401
PFF Bank & Trust (1892) (3) 24.4
399 N. Garey Ave. 21
Pomona 91766 16.5
First Bank of Beverly Hills (1979) (5) 7.8
23901 Calabasas Road, Suite 1050 5.8
Calabasas 91302 35.1
Standard Savings Bank (1980) (6) 5.2
228 W. Garvey Ave. 5.2
Monterey Park 91754 -0.1
Kaiser Federal Bank (1953) (7) 2.4
1359 N. Grand Ave. 1.7
Covina 91724 40.4
Malaga Bank (1985) (8) 2.5
2514 Via Tejon 2.7
Palos Verdes Peninsula 90274 -8.1
Universal Bank (1954) (9) 2.8
3455 Nogales St., Suite 105 2.6
West Covina 91792 7
Broadway Federal Bank (1947) (10) 0.9
4800 Wilshire Blvd. 1.1
Los Angeles 90010 -15.4
Savings & Loan (year established) Data
(Ranking in 2004) * rating (1)
* name * Web site
* address
IndyMac Bank Inc. (1936) (1) ****
155 N. Lake Ave. indymacbank.com
Pasadena 91101
First Federal Bank of *** +
California (1929) (2) firstfedca.com
401 Wilshire Blvd.
Santa Monica 90401
PFF Bank & Trust (1892) (3) *****
399 N. Garey Ave. pffbank.com
Pomona 91766
First Bank of Beverly Hills (1979) (5) ****
23901 Calabasas Road, Suite 1050 fbbh.com
Calabasas 91302
Standard Savings Bank (1980) (6) ***
228 W. Garvey Ave. N/A
Monterey Park 91754
Kaiser Federal Bank (1953) (7) *****
1359 N. Grand Ave. kaiserfederal.com
Covina 91724
Malaga Bank (1985) (8) *****
2514 Via Tejon malagabank.com
Palos Verdes Peninsula 90274
Universal Bank (1954) (9) *****
3455 Nogales St., Suite 105 universalbank.com
West Covina 91792
Broadway Federal Bank (1947) (10) ****
4800 Wilshire Blvd. broadwayfederalbank.com
Los Angeles 90010
Savings & Loan (year established) Capital Ratios
(Ranking in 2004) * tier one (2)
* name * total risk-based (3)
* address
IndyMac Bank Inc. (1936) (1) 11.4
155 N. Lake Ave. 11.9
Pasadena 91101
First Federal Bank of 10.5
California (1929) (2) 11.8
401 Wilshire Blvd.
Santa Monica 90401
PFF Bank & Trust (1892) (3) 10.4
399 N. Garey Ave. 11.3
Pomona 91766
First Bank of Beverly Hills (1979) (5) 11.6
23901 Calabasas Road, Suite 1050 12.3
Calabasas 91302
Standard Savings Bank (1980) (6) 16.4
228 W. Garvey Ave. 17
Monterey Park 91754
Kaiser Federal Bank (1953) (7) 16.1
1359 N. Grand Ave. 16.7
Covina 91724
Malaga Bank (1985) (8) 12.6
2514 Via Tejon 13.2
Palos Verdes Peninsula 90274
Universal Bank (1954) (9) 12
3455 Nogales St., Suite 105 13
West Covina 91792
Broadway Federal Bank (1947) (10) 10.8
4800 Wilshire Blvd. 11.6
Los Angeles 90010
Savings & Loan (year established) Non-Current
(Ranking in 2004) Ratio
* name * % of total assets
* address * % of total loans
IndyMac Bank Inc. (1936) (1) 0.4%
155 N. Lake Ave. 0.4%
Pasadena 91101
First Federal Bank of 0.1
California (1929) (2)
401 Wilshire Blvd. 0.1
Santa Monica 90401
PFF Bank & Trust (1892) (3) 0.2
399 N. Garey Ave. 0.2
Pomona 91766
First Bank of Beverly Hills (1979) (5) 0.2
23901 Calabasas Road, Suite 1050 0.3
Calabasas 91302
Standard Savings Bank (1980) (6) 0.9
228 W. Garvey Ave. 1.5
Monterey Park 91754
Kaiser Federal Bank (1953) (7) 0.1
1359 N. Grand Ave. 0.2
Covina 91724
Malaga Bank (1985) (8) 0
2514 Via Tejon 0
Palos Verdes Peninsula 90274
Universal Bank (1954) (9) 0
3455 Nogales St., Suite 105 0
West Covina 91792
Broadway Federal Bank (1947) (10) 0.1
4800 Wilshire Blvd. 0.1
Los Angeles 90010
Savings & Loan (year established) Returns
(Ranking in 2004) (6 mos. ended 6/30/05)
* name * on average assets
* address * on average equity
IndyMac Bank Inc. (1936) (1) 1.8
155 N. Lake Ave. 21.7
Pasadena 91101
First Federal Bank of 1
California (1929) (2) 16.3
401 Wilshire Blvd.
Santa Monica 90401
PFF Bank & Trust (1892) (3) 1.3
399 N. Garey Ave. 15.1
Pomona 91766
First Bank of Beverly Hills (1979) (5) 1.2
23901 Calabasas Road, Suite 1050 13.8
Calabasas 91302
Standard Savings Bank (1980) (6) 1.1
228 W. Garvey Ave. 10.6
Monterey Park 91754
Kaiser Federal Bank (1953) (7) 0.8
1359 N. Grand Ave. 7.4
Covina 91724
Malaga Bank (1985) (8) 1
2514 Via Tejon 12
Palos Verdes Peninsula 90274
Universal Bank (1954) (9) 1.3
3455 Nogales St., Suite 105 12.5
West Covina 91792
Broadway Federal Bank (1947) (10) 0.6
4800 Wilshire Blvd. 8.6
Los Angeles 90010
Savings & Loan (year established) Top Local Executive
(Ranking in 2004) * name
* name * title
* address * phone
IndyMac Bank Inc. (1936) (1) Michael W. Perry
155 N. Lake Ave. chairman, ceo
Pasadena 91101 (626) 535-5901
First Federal Bank of Babette E. Heimbuch
California (1929) (2) chairwoman, ceo
401 Wilshire Blvd. (310) 319-6000
Santa Monica 90401
PFF Bank & Trust (1892) (3) Larry M. Rinehart
399 N. Garey Ave. ceo, president
Pomona 91766 (909) 623-6517
First Bank of Beverly Hills (1979) (5) Joseph W. Kiley III
23901 Calabasas Road, Suite 1050 ceo, president
Calabasas 91302 (800) 515-1616
Standard Savings Bank (1980) (6) John M. Lee
228 W. Garvey Ave. president
Monterey Park 91754 (626) 280-6448
Kaiser Federal Bank (1953) (7) Kay M. Hoveland
1359 N. Grand Ave. ceo, president
Covina 91724 (626) 339-9663
Malaga Bank (1985) (8) John R. Polen
2514 Via Tejon ceo, president
Palos Verdes Peninsula 90274 (310) 375-9000
Universal Bank (1954) (9) Frank Chang
3455 Nogales St., Suite 105 ceo
West Covina 91792 (626) 854-2818
Broadway Federal Bank (1947) (10) Paul C. Hudson
4800 Wilshire Blvd. ceo, president
Los Angeles 90010 (323) 634-1700
N/A - Not Applicable
(1) Bauer Financial Reports Inc. proprietary ratings classify each
institution based upon a formula which factors in relevant data
including, but not limited to, current capital levels, proposed
regulations, profitability, historical trends, loan delinquencies,
repossessed assets, reserves, regulatory compliance and asset
quality. Ratings are based on March 31, 2005 data.
***** Superior.
**** Excellent.
*** + Good.
*** Adequate.
(2) Tier-One (Core) capital as a percent of risk-weighted assets.
(3) Total risk-based capital as a percent of risk-weighted assets.
Note: The financial information on this list was provided by the
FDIC. S&Ls are ranked by their assets as of June 30, 2005. A S&L's
ranking does not reflect its relative strength within the industry.
The core capital ratios and non-performance asset ratios can be
used as indicators of an institution's financial security. Quaker
City Bank, No. 4 last year, merged into Banco Popular North America
on Sept. 1, 2004. Trust Bank, No. 11 last year, merged into East
West Bank on Aug. 6, 2004.
To the best of our knowledge, this information is accurate as of
press time. While every effort is made to ensure the accuracy and
thoroughness of the list, omissions and typographical errors
sometimes occur. Please send corrections or additions on company
letterhead to the Research Department, Los Angeles Business
Journal, 5700 Wilshire Blvd., Suite 170, Los Angeles 90036.
[c] 2005 Los Angeles Business Journal. This list may not be
reprinted in whole or in part without prior written permission
from the editor. Reprints are available from Wright's Reprints,
(877) 652-5295.
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