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Overview / Commentary
400 Emerson Street
Palo Alto, CA 94301

Avidbank is headquartered in Palo Alto and is the 90th largest bank in the state of California. It is also the 1,425th largest bank in the nation. It was established in 2003 and as of March of 2014, it had grown to 54 employees at 1 location. Avidbank 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 Avidbank had $3.1 million in non-current loans and owned real-estate with $52.43 million in equity and loan loss allowances on hand to cover it. This gives Avidbank a Texas Ratio of 5.91% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Avidbank experienced no significant changes from 1.64% as of March 31, 2013 to 5.91% as of March 31, 2014, resulting in a negative change of 259.41%. This indicates that the balance sheet and financial strength for Avidbank has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Avidbank has increased its total deposits by $47.17 million, resulting in 12.54% 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 Avidbank 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. Avidbank has $472.99 million in assets with $52.43 million in equity, resulting in a capitalization level of 11.08%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #57510
Year Established2003
Employees54
Primary RegulatorFDIC
Assets and Liabilities
Assets$472.99 million
Loans$249.58 million
Deposits$423.28 million
Equity Capital$47.63 million
Loan Loss Allowance$4.80 million
Unbacked Noncurrent Loans$3.10 million
Real Estate Owned$0
Historic Data - March 2013
Assets$416.44 million
Equity Capital$38.25 million
Loan Loss Allowance$4.74 million
Unbacked Noncurrent Loans$3.10 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.23%
Return on Assets0.34%
Return on Equity3.45%
Interest Income$3.87 million
Rates

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Locations


Avidbank Locations
Avidbank400 Emerson StreetPalo Alto, CA 94301