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This institution is no longer active

Operations ceased on January 30, 1992. CRA examination history below reflects the period it was active.

INDEPENDENCE BANK

LOS ANGELES, CA · Supervised by FDIC

Est. 1963FDIC #18,675RSSD: FDIC-18675
Satisfactory

Current rating · Exam: February 1991

At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Needs Attention

ROA -13.00%

Institution Profile

FDIC BankFind

Address

15910 Ventura Boulevard, LOS ANGELES, CA

County

Los Angeles County

Established

January 2, 1963

Total Assets

$536M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

February 2, 1991

Exam Type

Not Reported

Regulator

FDIC
⚠️This exam is 35 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.
Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q4 1991Call Report / FDIC

Total Assets

$536M

Total Deposits

$548M

Net Loans

$342M

Net Income

$-83,411K

ROA

-13.00%

Below avg for Small banks. Peer avg: 0.44%

ROE

-554.79%

Risk-Based Capital

-7.68%

Below avg for Small banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

ROA-13.00%Peer avg: 0.44%▼ Below avg
Risk-Based Capital-7.68%Peer avg: 23.03%▼ Below avg

Unlock peer list → See which specific banks are in this peer group.

This is the only examination on record for this bank.

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