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Overview / Commentary
213-687-1300
977 N. Broadway
Los Angeles, CA 90012

Far East National Bank is headquartered in Los Angeles and is the 45th largest bank in the state of California. It is also the 509th largest bank in the nation. It was established in 1974 and as of December of 2013, it had grown to 213 employees at 9 locations. Far East National Bank has a A+ health rating.

Reviews (1)

WORST BANK

Far East National Bank is one of the worst banks to do business with. There standards are far below industry standards and their banking relationships are the worst I have experienced. I would not recommend banking or taking a loan from them.



Health

Data for Q4 2013

Institution Health

A+

Texas Ratio

GRADE:
A+

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 December 31, 2013 Far East National Bank had $4.15 million in non-current loans and owned real-estate with $340.37 million in equity and loan loss allowances on hand to cover it. This gives Far East National Bank a Texas Ratio of 1.22% 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 Far East National Bank decreased dramatically from 6.66% as of December 31, 2012 to 1.22% as of December 31, 2013, resulting in a positive change of 81.69%.This indicates that the balance sheet and financial strength for Far East National Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Far East National Bank has increased its total deposits by $145.99 million, resulting in 18.17% 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 Far East National 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. Far East National Bank has $1.32 billion in assets with $340.37 million in equity, resulting in a capitalization level of 25.72%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #21851
Year Established1974
Employees213
Primary RegulatorOCC
Assets and Liabilities
Assets$1.32 billion
Loans$897.79 million
Deposits$949.30 million
Equity Capital$320.91 million
Loan Loss Allowance$19.46 million
Unbacked Noncurrent Loans$1.31 million
Real Estate Owned$2.84 million
Historic Data - December 2012
Assets$1.13 billion
Equity Capital$317.52 million
Loan Loss Allowance$22.23 million
Unbacked Noncurrent Loans$1.31 million
Real Estate Owned$8.46 million
Profit Margin - Quarterly
Net Interest Margin3.07%
Return on Assets0.57%
Return on Equity2.19%
Interest Income$36.87 million
Rates

Sorry, we do not have rate data for Far East National Bank

Locations


Far East National Bank Locations
Cupertino Branch10465 South De Anza BoulevardCupertino, CA 95014
Alhambra Branch105 East Valley BoulevardAlhambra, CA 91801
Irvine Branch14439 Culver DriveIrvine, CA 92604
City Of Industry Branch17851 Colima Road, Suite BCity Of Industry, CA 91748
San Francisco333 Pine Street, Suite 100San Francisco, CA 94104
Fremont Branch46324 Warm Springs Blvd Suite 707Fremont, CA 94538
Arcadia Branch635-637 West Duarte RdArcadia, CA 91007
Monterey Park Branch809 So. Atlantic Blvd, #101-102Monterey Park, CA 91754
Far East National Bank977 N. BroadwayLos Angeles, CA 90012