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Bank of Whittier, National Association

Bank of Whittier, National Association
Overview / Commentary
15141 East Whittier Boulevard
Whittier, CA 90609

Bank of Whittier, National Association is headquartered in Whittier and is the 213st largest bank in the state of California. It is also the 5,776th largest bank in the nation. It was established in 1982 and as of March of 2014, it had grown to 19 employees at 2 locations. Bank of Whittier, National Association has a A health rating.

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Health

Data for Q1 2014

Institution Health

A
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Bank of Whittier, National Association has a relatively low asset base.

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 Whittier, National Association had $269,000 in non-current loans and owned real-estate with $9.88 million in equity and loan loss allowances on hand to cover it. This gives Bank of Whittier, National Association a Texas Ratio of 2.72% 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 Whittier, National Association decreased dramatically from 8.93% as of March 31, 2013 to 2.72% as of March 31, 2014, resulting in a positive change of 69.50%.This indicates that the balance sheet and financial strength for Bank of Whittier, National Association has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Bank of Whittier, National Association has increased its total deposits by $752,000, resulting in 1.6% 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 Whittier, National Association 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 Whittier, National Association has $57.38 million in assets with $9.88 million in equity, resulting in a capitalization level of 17.22%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #24211
Year Established1982
Employees19
Primary RegulatorOCC
Assets and Liabilities
Assets$57.39 million
Loans$23.84 million
Deposits$47.70 million
Equity Capital$9.00 million
Loan Loss Allowance$884,000
Unbacked Noncurrent Loans$145,000
Real Estate Owned$124,000
Historic Data - March 2013
Assets$56.20 million
Equity Capital$8.62 million
Loan Loss Allowance$855,000
Unbacked Noncurrent Loans$145,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.1%
Return on Assets0.03%
Return on Equity0.18%
Interest Income$344,000
Rates

Sorry, we do not have rate data for Bank of Whittier, National Association

Locations


Bank of Whittier, National Association Locations
Richardson Branch1431 Esat Spring Valley RoadRichardson, TX 75081
Bank Of Whittier, National Association15141 East Whittier BoulevardWhittier, CA 90609