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4350 La Jolla Village Drive, Suite 140
San Diego, CA 92122

Bank X is headquartered in San Diego and is the 20th largest bank in the state of California. It is also the 214st largest bank in the nation. It was established in 2000 and as of March of 2014, it had grown to 339 employees at 1 location. Bank X's savings rates are 15% higher than the national average, and it has a A health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


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 X had $19.11 million in non-current loans and owned real-estate with $355.12 million in equity and loan loss allowances on hand to cover it. This gives Bank X a Texas Ratio of 5.38% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Bank X decreased dramatically from 8.02% as of March 31, 2013 to 5.38% as of March 31, 2014, resulting in a positive change of 32.88%.This indicates that the balance sheet and financial strength for Bank X has improved dramatically in recent periods.

Deposit Growth


In the past year, Bank X has increased its total deposits by $716.81 million, resulting in 33.81% 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 X has shown is excellent.



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 X has $3.85 billion in assets with $355.12 million in equity, resulting in a capitalization level of 9.23%, which is average.

Institution Statistics

FDIC Certificate #35546
Year Established2000
Primary RegulatorOCC
Assets and Liabilities
Assets$3.85 billion
Loans$3.17 billion
Deposits$2.84 billion
Equity Capital$339.13 million
Loan Loss Allowance$15.99 million
Unbacked Noncurrent Loans$19.03 million
Real Estate Owned$86,000
Historic Data - March 2013
Assets$2.96 billion
Equity Capital$249.41 million
Loan Loss Allowance$12.29 million
Unbacked Noncurrent Loans$19.03 million
Real Estate Owned$1.87 million
Profit Margin - Quarterly
Net Interest Margin4.04%
Return on Assets1.66%
Return on Equity18.97%
Interest Income$45.87 million
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Bank X Savings Account Rates

0.60%--X Savings

Bank X is an Internet only bank and does not have branch locations. Its headquarters is located at 4350 La Jolla Village Drive, Suite 140 - San Diego, CA 92122