Orange County Bank Scoreboard
Combined profits at community banks based in Orange County inched up 2% for the first nine months of 1992 as most of the small institutions were caught between low interest rates and a growing number of bad loans. Two-thirds of the 30 banks saw increases in their ratios of bad loans to total loans--suggesting problems in the future.
Third quarter, 1992, results (Ranked by assets)
ASSETS (millions) Bank 1992 1991 National Bank of So. Calif. $365.0 $368.4 Commercial Center 358.9 268.5 Eldorado 346.5 295.2 CommerceBank 283.9 301.8 Bank of Newport 282.8 292.0 Pacific National 247.9 201.4 Sunwest 240.0 272.1 Security Pacific State 224.4 409.7 Landmark 219.1 182.5 Pioneer 209.0 212.8 Liberty National 180.0 151.8 Orange National 176.5 167.7 Colonial, N.A. 160.9 80.5 Pacific Inland 155.4 127.3 American Commerce National 140.3 137.4 Mid City, N.A. 119.8 103.2 Huntington National 109.1 111.0 Frontier, N.A. 107.8 137.7 Marine National 102.3 86.0 Corporate 95.2 99.5 Mariners 87.5 81.9 Bank of Anaheim, N.A. 73.3 70.4 Grand National 68.1 54.1 Monarch Bank 66.2 59.9 Bank of Westminster 55.5 66.4 Bank of Yorba Linda 55.3 48.9 Bank of Orange County 53.8 46.4 Dana Niguel, N.A. 45.8 57.8 First American Capital, N.A. 35.6 35.3 United American 32.6 40.4 Totals $4,698.5 $4,568.0
BAD LOANS* PROFIT as a % of total loans (thousands) Bank 1992 1991 1992 1991 9 mos. 9 mos. National Bank of So. Calif. 3.50% 2.44% $1,618 $2,125 Commercial Center 0.29 17.46 2,332 -1,032 Eldorado 2.71 1.33 2,691 2,368 CommerceBank 2.46 4.78 242 679 Bank of Newport 3.19 3.01 -684 586 Pacific National 0.77 1.64 -454 480 Sunwest 5.69 3.15 853 -680 Security Pacific State 3.33 0.97 6,361 5,946 Landmark 2.12 1.67 504 1,441 Pioneer 6.93 3.24 -1,092 1,615 Liberty National 3.43 2.27 1,264 1,145 Orange National 2.68 0.55 615 368 Colonial, N.A. 1.98 0.80 1,723 14 Pacific Inland 0.95 7.25 641 381 American Commerce National 6.00 4.48 924 746 Mid City, N.A. 5.79 2.41 -1,524 367 Huntington National 2.02 1.40 288 651 Frontier, N.A. 1.03 2.15 -547 -124 Marine National 1.25 1.57 217 210 Corporate 2.92 5.31 467 862 Mariners 1.42 0.18 627 509 Bank of Anaheim, N.A. 1.15 0.23 444 522 Grand National 0.41 0.22 542 -227 Monarch Bank 2.05 0.42 169 85 Bank of Westminster 4.57 5.10 201 222 Bank of Yorba Linda 4.28 0.03 213 194 Bank of Orange County 3.11 0.00 195 165 Dana Niguel, N.A. 2.36 3.97 -459 -295 First American Capital, N.A. 2.43 4.00 176 -831 United American 2.61 1.28 -54 -362 Totals n/a n/a $18,493 $18,130
* Nonperforming loans should not exceed 3% of total loans, according to bankers and regulators.
Source: Sheshunoff Information Services Inc., Austin, Texas
