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Overview / Commentary
268 North Main Street
Porterville, CA 93257

Finance and Thrift Company is headquartered in Porterville and is the 183rd largest bank in the state of California. It is also the 4,160th largest bank in the nation. It was established in 1925 and as of March of 2014, it had grown to 70 employees at 6 locations. Finance and Thrift Company 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 Finance and Thrift Company had $951,000 in non-current loans and owned real-estate with $34.33 million in equity and loan loss allowances on hand to cover it. This gives Finance and Thrift Company a Texas Ratio of 2.77% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Finance and Thrift Company experienced no significant changes from 2.29% as of March 31, 2013 to 2.77% as of March 31, 2014, resulting in a negative change of 20.77%. This indicates that the balance sheet and financial strength for Finance and Thrift Company has had no significant changes in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Finance and Thrift Company has decreased its total deposits by -$2.74 million, resulting in -2.89% 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 Finance and Thrift Company has shown is below 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. Finance and Thrift Company has $125.53 million in assets with $34.33 million in equity, resulting in a capitalization level of 27.35%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #25870
Year Established1925
Employees70
Primary RegulatorFDIC
Assets and Liabilities
Assets$125.53 million
Loans$85.18 million
Deposits$92.29 million
Equity Capital$30.79 million
Loan Loss Allowance$3.54 million
Unbacked Noncurrent Loans$951,000
Real Estate Owned$0
Historic Data - March 2013
Assets$128.06 million
Equity Capital$30.09 million
Loan Loss Allowance$2.96 million
Unbacked Noncurrent Loans$951,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin12.67%
Return on Assets0.73%
Return on Equity2.99%
Interest Income$3.91 million
Rates

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Locations


Finance and Thrift Company Locations
Fresno Branch170 West Shaw AvenueFresno, CA 93704
Porterville Branch268 N. Main StreetPorterville, CA 93257
Finance and Thrift Company268 North Main StreetPorterville, CA 93257
Bakersfield Branch3401 Pacheco Rd, Ste ABakersfield, CA 93313
Modesto Branch4623 Mchenry Ave, Ste. CModesto, CA 95356
Visalia Branch649 County Center Dr., Ste. CVisalia, CA 93277