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Overview / Commentary
2 N. Lake Ave., Suite 1030
Pasadena, CA 91101

EverTrust Bank is headquartered in Pasadena and is the 71st largest bank in the state of California. It is also the 1,051st largest bank in the nation. It was established in 1995 and as of March of 2014, it had grown to 88 employees at 7 locations. EverTrust Bank 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 EverTrust Bank had $5.05 million in non-current loans and owned real-estate with $132.33 million in equity and loan loss allowances on hand to cover it. This gives EverTrust Bank a Texas Ratio of 3.82% 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 EverTrust Bank decreased dramatically from 7.73% as of March 31, 2013 to 3.82% as of March 31, 2014, resulting in a positive change of 50.60%.This indicates that the balance sheet and financial strength for EverTrust Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, EverTrust Bank has increased its total deposits by $86.68 million, resulting in 22.31% 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 EverTrust Bank 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. EverTrust Bank has $650.31 million in assets with $132.33 million in equity, resulting in a capitalization level of 20.35%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #34010
Year Established1995
Employees88
Primary RegulatorFDIC
Assets and Liabilities
Assets$650.31 million
Loans$453.06 million
Deposits$475.14 million
Equity Capital$123.45 million
Loan Loss Allowance$8.88 million
Unbacked Noncurrent Loans$5.05 million
Real Estate Owned$0
Historic Data - March 2013
Assets$542.59 million
Equity Capital$119.63 million
Loan Loss Allowance$8.63 million
Unbacked Noncurrent Loans$5.05 million
Real Estate Owned$7.34 million
Profit Margin - Quarterly
Net Interest Margin3.68%
Return on Assets0.7%
Return on Equity3.66%
Interest Income$6.07 million
Rates

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Locations


EverTrust Bank Locations
Arcadia Branch1228 S. Baldwin AveArcadia, CA 91007
Irvine Branch14250 Culver Drive, Suite CIrvine, CA 92604
City Of Industry Branch1600 S. Azusa Ave. Suite 700City Of Industry, CA 91748
Evertrust Bank2 North Lake Ave., Suite 1030Pasadena, CA 91101
Alhambra Branch200 South Garfield AvenueAlhambra, CA 91801
Cupertino Branch20510 Stevens Creek Blvd.Cupertino, CA 95014
Rosemead Branch3640 Rosemead BoulevardRosemead, CA 91770