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9255 Sunset Boulevard
Los Angeles, CA 90069

First Credit Bank is headquartered in Los Angeles and is the 105th largest bank in the state of California. It is also the 1,696th largest bank in the nation. It was established in 1983 and as of June of 2014, it had grown to 28 employees at 2 locations. First Credit Bank has a A health rating.

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Data for Q2 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 June 30, 2014 First Credit Bank had $9.98 million in non-current loans and owned real-estate with $171.89 million in equity and loan loss allowances on hand to cover it. This gives First Credit Bank a Texas Ratio of 5.80% 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 First Credit Bank decreased dramatically from 12.43% as of June 30, 2013 to 5.80% as of June 30, 2014, resulting in a positive change of 53.31%.This indicates that the balance sheet and financial strength for First Credit Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, First Credit Bank has decreased its total deposits by -$5.37 million, resulting in -2.3% 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 First Credit Bank has shown is average.



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. First Credit Bank has $391.86 million in assets with $171.89 million in equity, resulting in a capitalization level of 43.87%, which is excellent.

Institution Statistics

FDIC Certificate #24332
Year Established1983
Primary RegulatorFDIC
Assets and Liabilities
Assets$391.86 million
Loans$269.08 million
Deposits$228.37 million
Equity Capital$158.71 million
Loan Loss Allowance$13.18 million
Unbacked Noncurrent Loans$2.45 million
Real Estate Owned$7.52 million
Historic Data - June 2013
Assets$382.82 million
Equity Capital$144.21 million
Loan Loss Allowance$15.00 million
Unbacked Noncurrent Loans$2.45 million
Real Estate Owned$17.14 million
Profit Margin - Quarterly
Return on Assets6.19%
Return on Equity15.59%
Interest Income$15.11 million

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First Credit Bank Locations
Irvine Branch18552 Macarthur Boulevard, Suite 102Irvine, CA 92612
First Credit Bank9255 Sunset BoulevardLos Angeles, CA 90069