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Overview / Commentary
1401 Dove Street, Suite 100
Newport Beach, CA 92660

American Security Bank is headquartered in Newport Beach and is the 97th largest bank in the state of California. It is also the 1,558th largest bank in the nation. It was established in 1990 and as of March of 2014, it had grown to 80 employees at 9 locations. American Security Bank has a A health rating.

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
B+

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 American Security Bank had $6.59 million in non-current loans and owned real-estate with $58.78 million in equity and loan loss allowances on hand to cover it. This gives American Security Bank a Texas Ratio of 11.21% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for American Security Bank decreased dramatically from 17.81% as of March 31, 2013 to 11.21% as of March 31, 2014, resulting in a positive change of 37.06%.This indicates that the balance sheet and financial strength for American Security Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, American Security Bank has increased its total deposits by $28.46 million, resulting in 8.2% 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 American Security Bank has shown is excellent.

Capitalization

GRADE:
A+

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. American Security Bank has $431.17 million in assets with $58.78 million in equity, resulting in a capitalization level of 13.63%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #33121
Year Established1990
Employees80
Primary RegulatorFED
Assets and Liabilities
Assets$431.17 million
Loans$243.44 million
Deposits$375.36 million
Equity Capital$55.01 million
Loan Loss Allowance$3.77 million
Unbacked Noncurrent Loans$5.00 million
Real Estate Owned$1.59 million
Historic Data - March 2013
Assets$403.87 million
Equity Capital$55.85 million
Loan Loss Allowance$4.58 million
Unbacked Noncurrent Loans$5.00 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.3%
Return on Assets0.01%
Return on Equity0.05%
Interest Income$3.35 million
Rates

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Locations


American Security Bank Locations
Victorville Branch13792 Bear Valley RoadVictorville, CA 92392
Newport Beach Branch1401 Dove St.Newport Beach, CA 92660
American Security Bank1401 Dove Street, Suite 100Newport Beach, CA 92660
Apple Valley Branch19197 Town Center DriveApple Valley, CA 92307
Corona Branch2163 Compton AvenueCorona, CA 92881
Laguna Niguel Branch30100 Town Center Drive, Suite QLaguna Niguel, CA 92677
Lancaster Branch42548 Tenth Street WestLancaster, CA 93534