$85.1M
total assets, June 30, 1987
Commonwealth Bank was a state nonmember bank in Torrance, CA. It failed on Sep 25, 1987, and Capital Bank Of Californ took over its deposits. At its last report it held $85.1 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1987
This bank failed
- Failed on
- Sep 25, 1987
- Assets
- $85.1M
- Deposits
- $83.8M
- Estimated cost
- $16.7M
- Deposits went to
- Capital Bank Of Californ, Los Angeles, CA
Total assets
$85.1M
+5.8% in a year · +6.5% in a quarter
Deposits
$83.8M
+14.1% in a year · +7.3% in a quarter
Loans
$55.5M
+6.3% in a year · +1.2% in a quarter
Profit so far
-$878K
Jan 1 to Jun 30, 1987
Capital ratio
-1.74%
-7.22 pts in a year
Return on assets
-1.96%
+0.83 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 3424 Carson Street, Torrance, CA, 90503
- County
- Los Angeles
- Established
- Jun 2, 1975
- Failed
- Sep 25, 1987
- Employees
- 77
- Id
- b22026
Quarter by quarter
March 31, 1984 to June 30, 1987
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Commonwealth Bank?
$85.1 million in total assets and $83.8 million in deposits as of June 30, 1987, with assets up 5.8% from a year before. Its loans were $55.5 million.
Is Commonwealth Bank profitable?
No: it lost $878,000 from January 1 to June 30, 1987. Its return on assets was -1.96% a year; about 1% is typical.
When did Commonwealth Bank fail?
Sep 25, 1987. Capital Bank Of Californ of Los Angeles, CA took over its deposits. The estimated cost of the failure was $16.7 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.