County’s Largest Financial Institutions
When it comes to ranking financial-service institutions by size, California is different. And Orange County is even more different. While the nation’s banks have more than twice the assets of the nation’s savings and loans, California-based thrifts have 14% more assets than the state’s banks, according to a bi-annual survey by Sheshunoff & Co., a consulting firm for the banking industry. The difference is even more pronounced in Orange County, where savings and loans have more than a 15-to-1 lead in assets, compared with county-based full-service banks. No full-service county bank was listed among the top 50 banks in the state as of June 30, but nine county thrift concerns made the top 50, led by top-ranked Financial Corp. of America, the Irvine-based holding company for American Savings & Loan.
ASSETS AT JUNE 30, 1987
Savings Banks and Loans Nationwide $2.9 trillion $1.25 trillion California 281.9 billion 322.5 billion Orange County* 3.49 billion 55.03 billion
* 2 limited-service banks in Orange County not included.
TOP FIVE BANKS RANKED BY ASSETS
Nonperforming Assets % Change Loans as % Rank, name, location $ Thousands Since Dec. ’86 of Assets 1. Commercial Center Bank, 242,368 -38.8 9.92 Santa Ana 2. Commerce Bank, Newport Beach 207,077 -11.8 0.73 3. Eldorado Bank, Tustin 190,868 5.7 0.43 4. Far Western Bank, Tustin 181,369 60.8 1.81 5. Sunwest Bank, Tustin 169,155 6.6 1.59
Net Income Primary Capital Rank, name, location $ Thousands* % of Assets 1. Commercial Center Bank, Santa Ana 488 28.36 2. Commerce Bank, Newport Beach 774 6.72 3. Eldorado Bank, Tustin 1,180 8.59 4. Far Western Bank, Tustin 129 8.64 5. Sunwest Bank, Tustin 368 7.61
TOP FIVE SAVINGS AND LOANS RANKED BY ASSETS*
Assets % Change Rank, name, location $ Thousands Since Dec. ’86 1. Financial Corp. of America, Irvine 33,932,563 0.0 2. Lincoln Savings and Loan, Irvine 3,907,868 8.4 3. Far West Savings and Loan, Newport Beach 3,371,518 10.5 4. Downey Savings and Loan, Costa Mesa 2,759,654 10.6 5. Household Bank, Newport Beach 2,615,849 22.8
Regulatory % Return Capital Net Income on Average Rank, name, location % of Assets $ Thousands* Assets 1. Financial Corp. of America, Irvine 1.13 -169,521 -1.00 2. Lincoln Savings and Loan, Irvine 5.87 7,888 0.42 3. Far West Savings and Loan, 5.49 14,655 0.91 Newport Beach 4. Downey Savings and Loan, Costa Mesa 7.54 23,825 1.82 5. Household Bank, Newport Beach 5.80 3,272 0.28
* As of June 30, 1987. For six months ended June 30, 1987.
