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Overview / Commentary
2141 Rosecrans Avenue, Suite 1160
El Segundo, CA 90245

Bank of Manhattan, N.A. is headquartered in El Segundo and is the 83rd largest bank in the state of California. It is also the 1,341st largest bank in the nation. It was established in 2007 and as of March of 2014, it had grown to 204 employees at 6 locations. Bank of Manhattan, N.A. 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 Bank of Manhattan, N.A. had $2.19 million in non-current loans and owned real-estate with $59.66 million in equity and loan loss allowances on hand to cover it. This gives Bank of Manhattan, N.A. a Texas Ratio of 3.68% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Bank of Manhattan, N.A. decreased dramatically from 11.10% as of March 31, 2013 to 3.68% as of March 31, 2014, resulting in a positive change of 66.85%.This indicates that the balance sheet and financial strength for Bank of Manhattan, N.A. has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Bank of Manhattan, N.A. has increased its total deposits by $7.81 million, resulting in 1.82% 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 Bank of Manhattan, N.A. has shown is above average.

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. Bank of Manhattan, N.A. has $503.89 million in assets with $59.66 million in equity, resulting in a capitalization level of 11.84%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #58568
Year Established2007
Employees204
Primary RegulatorOCC
Assets and Liabilities
Assets$503.89 million
Loans$338.20 million
Deposits$435.81 million
Equity Capital$56.74 million
Loan Loss Allowance$2.92 million
Unbacked Noncurrent Loans$2.20 million
Real Estate Owned$0
Historic Data - March 2013
Assets$494.12 million
Equity Capital$56.71 million
Loan Loss Allowance$2.18 million
Unbacked Noncurrent Loans$2.20 million
Real Estate Owned$3.41 million
Profit Margin - Quarterly
Net Interest Margin3.6%
Return on Assets-1.45%
Return on Equity-12.66%
Interest Income$4.52 million
Rates

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Locations


Bank of Manhattan, N.A. Locations
Manhattan Beach Office Branch1419 Highland AvenueManhattan Beach, CA 90266
Pasadena Branch199 South Los Robles Ave #130Pasadena, CA 91101
Bank Of Manhattan, N.A.2141 Rosecrans Avenue, Suite 1160El Segundo, CA 90245
Montebello Office2417 West Whittier BlvdMontebello, CA 90640
Glendale Branch250 North Orange AvenueGlendale, CA 91203
East Pasadena Branch2700 East Foothill BoulevardPasadena, CA 91107