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Overview / Commentary
5 Harris Court, Building N, Suite #3
Monterey, CA 93940

1st Capital Bank is headquartered in Monterey and is the 98th largest bank in the state of California. It is also the 1,588th largest bank in the nation. It was established in 2007 and as of March of 2014, it had grown to 61 employees at 4 locations. 1st Capital Bank has a A+ health rating.

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Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 1st Capital Bank had $818,000 in non-current loans and owned real-estate with $43.23 million in equity and loan loss allowances on hand to cover it. This gives 1st Capital Bank a Texas Ratio of 1.89% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for 1st Capital Bank decreased slightly from 2.37% as of March 31, 2013 to 1.89% as of March 31, 2014, resulting in a positive change of 20.04%.This indicates that the balance sheet and financial strength for 1st Capital Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, 1st Capital Bank has increased its total deposits by $75.22 million, resulting in 24.27% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth 1st Capital Bank has shown is excellent.

Capitalization

GRADE:
B+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. 1st Capital Bank has $424.47 million in assets with $43.23 million in equity, resulting in a capitalization level of 10.18%, which is above average.

Institution Statistics

Overall
FDIC Certificate #58485
Year Established2007
Employees61
Primary RegulatorFDIC
Assets and Liabilities
Assets$424.47 million
Loans$271.81 million
Deposits$385.07 million
Equity Capital$38.39 million
Loan Loss Allowance$4.83 million
Unbacked Noncurrent Loans$818,000
Real Estate Owned$0
Historic Data - March 2013
Assets$345.30 million
Equity Capital$34.30 million
Loan Loss Allowance$4.27 million
Unbacked Noncurrent Loans$818,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.2%
Return on Assets0.4%
Return on Equity4.29%
Interest Income$3.20 million
Rates

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Locations


1st Capital Bank Locations
South Main Street Branch1097 South Main StreetSalinas, CA 93901
Tyler Street Branch300 Bonifacio PlaceMonterey, CA 93940
King City Branch432 BroadwayKing City, CA 93930
1st Capital Bank5 Harris Court, Building N, Suite #3Monterey, CA 93940