Beach Business Bank

Beach Business Bank Locations
1230 Rosecrans Avenue, Suite 100
Manhattan Beach, CA 90266
310-536-2260
www.beachbusinessbank.com

Beach Business Bank is headquartered in Manhattan Beach and is the 116st largest bank in the state of California. It is also the 2,109th largest bank in the nation. It was established in 2004 and as of September of 2011, it had grown to 51 employees at 3 locations. Beach Business Bank has a 4-star health rating.

Beach Business Bank Routing Number: 122243774

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Rate Drop (Forum) - 1/7/2011

Rate drop from 1.25% to 1,1% on savings account

Update on Beach Business Bank CD and Savings Account Rates - CA Only - 10/7/2010

Beach Business Bank continues to offer a competitive savings account. However, the rate has fallen in October from 1.40% to 1.25% APY for balances of at least $10K. I first reported on this account in ...

Competitive Savings Account and CD Rates at Beach Business Bank in California - Local Only - 9/8/2010

Beach Business Bank continues to offer a very competitive savings account. I first reported on this account in June 2009 when the rate was 2.50% APY. The rate has fallen, but it's still very competiti ...

High-Yield Savings Account at Beach Business Bank in California - 7/7/2010

Beach Business Bank continues to offer a very competitive savings account. I first reported on this account in June 2009 when the rate was 2.50% APY. The rate has fallen, but it's still very competiti ...

2009



Data for Q3 2011


Institution Statistics


Beach Business Bank
FDIC Certificate #57678
BankRate ReportView
Year Established2004
Employees51
Primary RegulatorFDIC

Assets and Liabilities

Assets$307.27 million
Loans$260.83 million
Deposits$267.28 million
Equity Capital$36.02 million
Loan Loss Allowance$5.96 million
Unbacked Noncurrent Loans$7.72 million

Historic Data - September 2010

Assets$302.47 million
Equity Capital$35.70 million
Loan Loss Allowance$6.19 million
Unbacked Noncurrent Loans$5.02 million

Profit Margin - Quarterly

Net Interest Margin4.34%
Return on Assets0.65%
Return on Equity5.38%
Interest Income$11.50 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Beach Business Bank had $7.72 million in non-current loans and owned real-estate with $41.99 million in equity and loan loss allowances on hand to cover it. This gives Beach Business Bank a Texas Ratio of 18.40% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for Beach Business Bank increased slightly from 11.87% as of September 30, 2010 to 18.40% as of September 30, 2011, resulting in a negative change of 55.03%. This indicates that the balance sheet and financial strength for Beach Business Bank has declined slightly in recent periods.
Deposit Growth4
In the past year, Beach Business Bank has increased its total deposits by $6.98 million, resulting in 2.68% 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 Beach Business Bank has shown is above average.
Capitalization5
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. Beach Business Bank has $307.27 million in assets with $41.99 million in equity, resulting in a capitalization level of 13.66%, which is excellent.
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