Savings & Loan Associations: L.A. County-based; ranked by assets as of June 30, 2003.EXECUTIVE SUMMARY The number of Savings and Loans savings and loan n. a banking and lending institution, chartered either by a state or the Federal government. Savings and loans only make loans secured by real property from deposits, upon which they pay interest slightly higher than that paid by most banks. Associations 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 shrunk shrunk v. A past tense and a past participle of shrink. shrunk Verb a past tense and past participle of shrink shrunk, shrunken shrink to a dozen this year. But the survivors Survivors was a British television series devised by Terry Nation and produced by Terence Dudley at the BBC from 1975 to 1977. It concerned the plight of a group of people who had survived an accidentally released plague that had killed nearly the entire population of the appear to be thriving thrive intr.v. thrived or throve , thrived or thriv·en , thriv·ing, thrives 1. To make steady progress; prosper. 2. , posting a 21.7 percent gain in assets, to $25.7 billion, and a 15.8 percent gain in deposits, to $13.9 billion. No. 4 Hawthorne Hawthorne. 1 City (1990 pop. 71,349), Los Angeles co., S Calif., a suburb of Los Angeles; inc. 1922. Located in an oil- and gas-producing area, Hawthorne manufactures navigation systems, solar panels, electronic components, silicon instruments, and Savings boosted its asset base by more than a third, with $2.6 billion in assets as of June June: see month. 30. In August 2002, its parent company, Hawthorne Financial Corp., acquired Tustin-based First Fidelity Fidelity is a notion that at its most abstract level implies a truthful connection to a source or sources. Its original meaning dealt with loyalty and attentiveness to one's duty to a lord or a king, in a broader sense than the related concept of fealty. Investment & Loan. Kaiser Federal Bank increased its assets by 50 percent, to $433.6 million as of June 30. Kaiser has grown by increasing its loan volume and luring depositors with above market savings rates Savings rate Personal savings as a percentage of disposable personal income. . No. 10 Universal Bank was the only thrift thrift: see leadwort. to post an asset decline, shedding shedding, n See exfoliation. shedding 1. exfoliation of entire skin, called also ecdysis, exuviate. 2. falling out of haircoat. 3. putting animals into a shed. 4. 15.3 percent to $343.3 million. Fidelity Federal Bank, No. 4 last year, was merged into California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). National Bank, both units of FBOC Corp. Family 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. , No. 13 last year, was acquired by Boston-based One United Bank in December December: see month. . THE TRENDS [GRAPHIC OMITTED] THE PACESETTER INDYMAC BANKCORP INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . WITH more than twice the assets of its closest competitor, IndyMac Bancorp is 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 for the fourth consecutive year. For the 12 months ended June 30, IndyMac's asset base increased by 43.8 percent, to $10.6 billion, IndyMac also reported increases in deposits and net income. Deposits rose by a third, to $4 billion, and net income was up 13.2 percent, to $82.2 million. IndyMac, which traces its origins to real estate investment trust Countrywide coun·try·wide adv. & adj. Throughout a whole country; nationwide: launched a fundraising campaign countrywide; a countrywide search. Adj. 1. Mortgage Investments Inc., got into the savings and loan game in 2000 when it acquired First Federal Savings and Loan Association Federal Savings and Loan Association An institution chartered by the federal government whose primary function is to collect savings deposits and to provide mortgage loans. of San Gabriel Valley The San Gabriel Valley is one of the principal valleys of southern California. It lies to the east of the city of Los Angeles, to the north of the Puente Hills, to the south of the San Gabriel Mountains, and to the west of the Inland Empire. . Concentrating on providing single-family sin·gle-fam·i·ly adj. Relating to or being a dwelling designed for one family only: a single-family home; single-family occupancy. residential mortgages, Pasadena-based IndyMac operates in three segments: IndyMac Mortgage Bank, IndyMac Consumer Bank and the Investment Portfolio Group. The company emphasizes its technology-based system, with its products and services available via the Interact Interact can refer to:
Fall of Interact While the Game Boy device was first released, Interact acquired the rights to sell Datel's Action Replay . Like other lenders, IndyMac has benefited from record low interest rates, with mortgage loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. in the quarter ended June 30 71 percent higher than the year-earlier period. Counterbalancing the gains in mortgages, IndyMac has recorded lower returns on its investment activities.
In millions
Rank Savings & Loan Assets Deposits
(year established) * as of June * as of June
(Ranking in 2002) 30, 2003 30, 2003
* name * as of June * as of June
* address 30, 2002 30, 2002
* % increase * % increase
(decrease) (decrease)
1 IndyMac Bancorp Inc. $10,611 $3,976.1
(1936) (1) $7,378.2 $2,986.4
155 N. Lake Ave. 43.8% 33.1%
Pasadena 91101
2 First Federal Bank of 4,462.1 2,485.7
California (1929) (2) 4,409.3 2,505.2
401 Wilshire Blvd. 1.2 -0.8
Santa Monica 90401
3 PFF Bank & Trust 3,087.3 2,349
(1892) (3) 2,988.1 2,193
350 S. Garey Ave. 3.3 7.1
Pomona 91766
4 Hawthorne Savings 2,608.7 1,769.9
(1951) (5) 1,870.7 1,205.9
2381 Rosecrans Ave. 39.5 46.8
El Segundo 90245
5 Quaker City Bank 1,623 1,096.6
(1920) (6) 1,487.8 1,022.5
7021 Greenleaf Ave. 9.1 7.2
Whittier 90608
6 Standard Savings Bank 933.4 731.4
(1980) (7) 853.6 659.4
228 W. Garvey Ave. 9.3 10.9
Monterey Park 91754
7 First Bank of Beverly 769.9 356.1
Hills (1979) (8) 746.7 405.1
23901 Calabasas Road, 3.1 -12.1
Suite 1050
Calabasas 91302
8 Kaiser Federal Bank 433.6 346.3
(1999) (11) 289.1 252.1
1359 N. Grand Ave. 50 37.4
Covina 91724
9 Malaga Bank (1985) (10) 353.5 226.1
2514 Via Tejon 324.1 206.8
Palos Verdes 9.1 9.3
Peninsula 91101
10 Universal Bank (1954) (9) 343.3 254.3
3455 Nogales St., 358.6 275.8
Suite 105 -4.3 -7.8
West Covina 91792
11 Trust Bank (1977) (12) 234.1 190.4
638 S. Atlantic Blvd. 217 174.2
Monterey Park 91754 7.9 9.3
12 Broadway Federal Bank 216.3 165.2
(1947) (14) 179.3 153
4800 Wilshire Blvd. 20.6 8
Los Angeles 90010
In millions
Rank Savings & Loan Net Income Capital
(year established) * Jan. 1 - Rating (1)
(Ranking in 2002) June 30, 2003
* name * Jan. 1 -
* address June 30, 2002
* % increase
(decrease)
1 IndyMac Bancorp Inc. $82.2 ****
(1936) (1) $72.6
155 N. Lake Ave. 13.2%
Pasadena 91101
2 First Federal Bank of 31.2 *****
California (1929) (2) 24.7
401 Wilshire Blvd. 26.3
Santa Monica 90401
3 PFF Bank & Trust 19.1 *****
(1892) (3) 18.4
350 S. Garey Ave. 3.8
Pomona 91766
4 Hawthorne Savings 14.9 *****
(1951) (5) 13
2381 Rosecrans Ave. 14.6
El Segundo 90245
5 Quaker City Bank 11.5 *****
(1920) (6) 11.5
7021 Greenleaf Ave. 0
Whittier 90608
6 Standard Savings Bank 5.3 *****
(1980) (7) 6.1
228 W. Garvey Ave. -13.1
Monterey Park 91754
7 First Bank of Beverly 3.3 ****
Hills (1979) (8) 1.9
23901 Calabasas Road, 73.7
Suite 1050
Calabasas 91302
8 Kaiser Federal Bank 1.2 *****
(1999) (11) 1.1
1359 N. Grand Ave. 9.1
Covina 91724
9 Malaga Bank (1985) (10) 2.5 *****
2514 Via Tejon 2.3
Palos Verdes 8.7
Peninsula 91101
10 Universal Bank (1954) (9) 1.8 *****
3455 Nogales St., 1.9
Suite 105 -5.3
West Covina 91792
11 Trust Bank (1977) (12) 0.8 *****
638 S. Atlantic Blvd. 1
Monterey Park 91754 -20
12 Broadway Federal Bank 0.8 ****
(1947) (14) 0.7
4800 Wilshire Blvd. 14.3
Los Angeles 90010
Rank Savings & Loan Capital Ratios Non-Current
(year established) * total risk Ratio
(Ranking in 2002) based (2) * % of
* name * core (3) total assets
* address * % of
total loans
1 IndyMac Bancorp Inc. 14.5% 0.7%
(1936) (1) 8.5% 0.7%
155 N. Lake Ave.
Pasadena 91101
2 First Federal Bank of 14.9 0.1
California (1929) (2) 8.4 0.1
401 Wilshire Blvd.
Santa Monica 90401
3 PFF Bank & Trust 12 0.7
(1892) (3) 8.4 0.8
350 S. Garey Ave.
Pomona 91766
4 Hawthorne Savings 12.2 0.3
(1951) (5) 7.6 0.4
2381 Rosecrans Ave.
El Segundo 90245
5 Quaker City Bank 13 0.2
(1920) (6) 8.2 0.3
7021 Greenleaf Ave.
Whittier 90608
6 Standard Savings Bank 14.2 0.7
(1980) (7) 9.5 0.8
228 W. Garvey Ave.
Monterey Park 91754
7 First Bank of Beverly 15.7 0.6
Hills (1979) (8) 9.7 0.8
23901 Calabasas Road,
Suite 1050
Calabasas 91302
8 Kaiser Federal Bank 15.1 0.01
(1999) (11) 8.2 0.01
1359 N. Grand Ave.
Covina 91724
9 Malaga Bank (1985) (10) 14.9 0
2514 Via Tejon 9.1 0
Palos Verdes
Peninsula 91101
10 Universal Bank (1954) (9) 13 0.8
3455 Nogales St., 10.1 0.9
Suite 105
West Covina 91792
11 Trust Bank (1977) (12) 12.5 0.5
638 S. Atlantic Blvd. 7.8 0.8
Monterey Park 91754
12 Broadway Federal Bank 14 0.04
(1947) (14) 7.5 0.1
4800 Wilshire Blvd.
Los Angeles 90010
Rank Savings & Loan Returns
(year established) (6 mos. ended 6/30/01)
(Ranking in 2002) * on average assets
* name * on average equity
* address
1 IndyMac Bancorp Inc. 1.7%
(1936) (1) 18.2%
155 N. Lake Ave.
Pasadena 91101
2 First Federal Bank of 1.4
California (1929) (2) 16.9
401 Wilshire Blvd.
Santa Monica 90401
3 PFF Bank & Trust 1.2
(1892) (3) 15
350 S. Garey Ave.
Pomona 91766
4 Hawthorne Savings 1.2
(1951) (5) 13.9
2381 Rosecrans Ave.
El Segundo 90245
5 Quaker City Bank 1.5
(1920) (6) 17.4
7021 Greenleaf Ave.
Whittier 90608
6 Standard Savings Bank 1.2
(1980) (7) 12.1
228 W. Garvey Ave.
Monterey Park 91754
7 First Bank of Beverly 0.9
Hills (1979) (8) 8.6
23901 Calabasas Road,
Suite 1050
Calabasas 91302
8 Kaiser Federal Bank 0.6
(1999) (11) 6.9
1359 N. Grand Ave.
Covina 91724
9 Malaga Bank (1985) (10) 1.5
2514 Via Tejon 17.2
Palos Verdes
Peninsula 91101
10 Universal Bank (1954) (9) 1.1
3455 Nogales St., 11.1
Suite 105
West Covina 91792
11 Trust Bank (1977) (12) 0.7
638 S. Atlantic Blvd. 9.1
Monterey Park 91754
12 Broadway Federal Bank 0.8
(1947) (14) 10.7
4800 Wilshire Blvd.
Los Angeles 90010
Rank Savings & Loan Top Local Executive
(year established) * name
(Ranking in 2002) * title
* name * phone
* address
1 IndyMac Bancorp Inc. Michael W. Parry
(1936) (1) chairman, ceo
155 N. Lake Ave. (626) 535-5901
Pasadena 91101
2 First Federal Bank of Babette E. Heimbuch
California (1929) (2) ceo
401 Wilshire Blvd. (310) 319-6000
Santa Monica 90401
3 PFF Bank & Trust Larry M. Rinehart
(1892) (3) ceo, president
350 S. Garey Ave. (909) 623-6517
Pomona 91766
4 Hawthorne Savings Simone Lagomarsino
(1951) (5) ceo, president
2381 Rosecrans Ave. (310) 725-5000
El Segundo 90245
5 Quaker City Bank Rick McGill
(1920) (6) ceo, president
7021 Greenleaf Ave. (562) 907-2200
Whittier 90608
6 Standard Savings Bank John M. Lee
(1980) (7) president
228 W. Garvey Ave. (626) 280-6448
Monterey Park 91754
7 First Bank of Beverly Joseph W. Kiley III
Hills (1979) (8) ceo, president
23901 Calabasas Road, (800) 515-1616
Suite 1050
Calabasas 91302
8 Kaiser Federal Bank Kay M. Hoveland
(1999) (11) ceo, president
1359 N. Grand Ave. (626) 339-9663
Covina 91724
9 Malaga Bank (1985) (10) John R. Polen
2514 Via Tejon ceo, president
Palos Verdes (310) 375-9000
Peninsula 91101
10 Universal Bank (1954) (9) Frank Chang
3455 Nogales St., ceo
Suite 105 (626) 854-2818
West Covina 91792
11 Trust Bank (1977) (12) George Hwang
638 S. Atlantic Blvd. ceo, president
Monterey Park 91754 (626) 576-8800
12 Broadway Federal Bank Paul C. Hudson
(1947) (14) ceo, president
4800 Wilshire Blvd. (323) 634-1700
Los Angeles 90010
(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, 2003 data.
***** Superior.
**** Excellent.
***+ Good.
*** Adequate.
(2) Total risk based capital as a percent of risk-weighted assets.
(3) Core (Tier 1) capital as a percent of average total assets minus
ineligible tangibles.
Note: The financial information on this list was provided by the FDIC.
S&Ls are ranked by their assets as of June 30, 2003. A S&L's ranking
does not reflect its relative strength within the industry. The core
capital ratios and non-performing asset ratios can be used as
indicators of an institution's financial security.
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] 2003 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.
Researched by Nicole Taylor
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