$47.7M
total assets, December 31, 1985
Center National Bank was a national bank in Los Angeles, CA. It failed on Apr 11, 1986, and Independence Bank took over its deposits. At its last report it held $47.7 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1985
This bank failed
- Failed on
- Apr 11, 1986
- Assets
- $47.7M
- Deposits
- $45.7M
- Estimated cost
- $10.9M
- Deposits went to
- Independence Bank, Los Angeles, CA
Total assets
$47.7M
-25.1% in a year · -13.9% in a quarter
Deposits
$45.7M
-21.1% in a year · -12.8% in a quarter
Loans
$30.5M
-42.5% in a year · -28.1% in a quarter
Profit so far
-$1.8M
Jan 1 to Dec 31, 1985 · -1864.4% in a year
Capital ratio
2.08%
-1.95 pts in a year
Return on assets
-3.08%
-3.25 pts in a year
Facts
- Type
- National bank
- Head office
- 20855 Ventura Boulevard, Los Angeles, CA, 91365
- County
- Los Angeles
- Established
- Jun 28, 1982
- Failed
- Apr 11, 1986
- Employees
- 77
- Id
- b23920
Quarter by quarter
March 31, 1984 to December 31, 1985
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 8
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Center National Bank?
$47.7 million in total assets and $45.7 million in deposits as of December 31, 1985, with assets down 25.1% from a year before. Its loans were $30.5 million.
Is Center National Bank profitable?
No: it lost $1.78 million from January 1 to December 31, 1985. Its return on assets was -3.08% a year; about 1% is typical.
When did Center National Bank fail?
Apr 11, 1986. Independence Bank of Los Angeles, CA took over its deposits. The estimated cost of the failure was $10.9 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.