THE TIMES 100: THE BEST COMPANIES IN CALIFORNIA : THE BOTTOM LINE : TOP 25 BANKS AND S
Ranks publicly traded institutions by income as percent of assets.
% return on average 1987 income 1987 assets Rank Company assets ($ millions) ($ billions) 1 Golden West Financial 1.20 151.6 12.836 2 Downey S&L; 1.18 33.2 3.177 3 Columbia S&L; 1.11 119.3 11.235 4 Unionfed Financial 1.10 16.7 1.605 5 City National Corp. 1.07 35.5 3.485 6 Bay View Federal Savings 0.95 17.4 2.091 7 Central Bank 0.84 10.1 1.173 8 Western Federal S&L; 0.82 15.5 2.029 9 Home Federal S&L-SD; 0.79 103.0 14.109 10 San Francisco Federal S&L; 0.76 20.0 2.912 11 Citadel Holding Corp. 0.75 26.5 3.829 12 GlenFed 0.74 131.4 18.925 13 Great Western Financial 0.73 210.1 28.631 14 CalFed 0.72 166.9 24.583 15 H.F. Ahmanson & Co. 0.69 200.0 30.507 16 California First Bank 0.67 40.1 6.062 17 Far West Financial 0.64 21.8 3.752 18 Westcorp 0.63 9.7 1.781 19 Great Amer. First Sav. Bank 0.62 88.0 15.242 20 Sumitomo 0.60 20.4 3.576 21 Imperial Bancorp. 0.55 11.4 1.753 22 Coast S&L; 0.53 20.4 57.1 23 Imperial Corp. of America 0.49 50.5 10.875 24 Homestead Financial 0.24 2.9 1.247 25 Westamerica Bancorp. 0.24 2.9 1.247
For the record:
12:00 a.m. May 8, 1988 FOR THE RECORD
Los Angeles Times Sunday May 8, 1988 Home Edition Business Part 4 Page 2 Column 3 Financial Desk 2 inches; 58 words Type of Material: Correction
FirstFed Financial Corp., holding company for First Federal Savings Bank of California in Santa Monica, qualified for inclusion in the Times 100 list of California’s best-performing companies published April 24. FirstFed would have placed 32nd in the Times 100, with a two-year average return on equity of 19.8%, and fifth on the list of most profitable banks and savings and loans, with a return on assets of 0.95%.