First General Bank

First General Bank is headquartered in Rowland Heights and is the 82^nd largest bank in the state of California. It is also the 1,312^st largest bank in the nation. It was established in 2005 and as of March of 2012, it had grown to 43 employees at 6 locations. First General Bank has a 3-star health rating.

First General Bank Routing Number: 122244061

Data for Q1 2012

Institution Statistics First General Bank FDIC Certificate # 58060 BankRate Report View Year Established 2005 Employees 43 Primary Regulator FDIC Assets and Liabilities Assets $515.71 million Loans $360.01 million Deposits $454.94 million Equity Capital $45.65 million Loan Loss Allowance $3.49 million Unbacked Noncurrent Loans $7.19 million Real Estate Owned $2.54 million Historic Data - March 2011 Assets $338.92 million Equity Capital $37.66 million Loan Loss Allowance $2.92 million Unbacked Noncurrent Loans $3.78 million Real Estate Owned $639,000 Profit Margin - Quarterly Net Interest Margin 4.19% Return on Assets 1.49% Return on Equity 17.1% Interest Income $6.24 million

Institution Health Overall Score: 3 out of 5 Texas Ratio 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 March 31, 2012 First General Bank had $9.73 million in non-current loans and owned real-estate with $49.14 million in equity and loan loss allowances on hand to cover it. This gives First General Bank a Texas Ratio of 19.79% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for First General Bank increased slightly from 10.88% as of March 31, 2011 to 19.79% as of March 31, 2012, resulting in a negative change of 81.89%. This indicates that the balance sheet and financial strength for First General Bank has declined slightly in recent periods. Deposit Growth In the past year, First General Bank has increased its total deposits by $154.76 million, resulting in 51.55% 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 General Bank has shown is excellent. Capitalization 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 General Bank has $515.71 million in assets with $49.14 million in equity, resulting in a capitalization level of 9.53%, which is average.

No reviews have been left for this bank yet. Be the first to review.