$904M
total assets, December 31, 2002
Southern Pacific Bank was a state nonmember bank in Torrance, CA. It failed on Feb 7, 2003, and Beal Bank S.s.b. took over its deposits. At its last report it held $904.3 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2002
This bank failed
- Failed on
- Feb 7, 2003
- Assets
- $904M
- Deposits
- $864M
- Estimated cost
- $49.2M
- Deposits went to
- Beal Bank S.s.b., Plano, TX
Total assets
$904M
-35.5% in a year · -17.4% in a quarter
Deposits
$864M
-30.6% in a year · -13.9% in a quarter
Loans
$724M
-43.1% in a year · -26.2% in a quarter
Profit so far
-$45.3M
Jan 1 to Dec 31, 2002
Capital ratio
2.98%
-0.08 pts in a year
Return on assets
-3.86%
+1.39 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 23530 Hawthorne Boulevard, Suite 200, Torrance, CA, 90505
- County
- Los Angeles
- Established
- Mar 1, 1982
- Failed
- Feb 7, 2003
- Employees
- 164
- Branches
- 3
- Id
- b27094
Quarter by quarter
December 31, 1987 to December 31, 2002
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 Southern Pacific Bank?
$904.3 million in total assets and $864.2 million in deposits as of December 31, 2002, with assets down 35.5% from a year before. Its loans were $723.8 million.
How many branches does Southern Pacific Bank have?
3 branches in California as of June 30, 2026.
Is Southern Pacific Bank profitable?
No: it lost $45.3 million from January 1 to December 31, 2002. Its return on assets was -3.86% a year; about 1% is typical.
When did Southern Pacific Bank fail?
Feb 7, 2003. Beal Bank S.s.b. of Plano, TX took over its deposits. The estimated cost of the failure was $49.2 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.