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First Security Business Bank

First Security Business Bank
Overview / Commentary
803 East Katella Avenue
Orange, CA 92867

First Security Business Bank is headquartered in Orange and is the 207th largest bank in the state of California. It is also the 5,147th largest bank in the nation. It was established in 1988 and as of March of 2014, it had grown to 7 employees at 1 location. First Security Business Bank has a B health rating.

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Health

Data for Q1 2014

Institution Health

B
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. First Security Business Bank has a relatively low asset base.

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 First Security Business Bank had $2.01 million in non-current loans and owned real-estate with $21.7 million in equity and loan loss allowances on hand to cover it. This gives First Security Business Bank a Texas Ratio of 9.25% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for First Security Business Bank decreased slightly from 11.47% as of March 31, 2013 to 9.25% as of March 31, 2014, resulting in a positive change of 19.34%.This indicates that the balance sheet and financial strength for First Security Business Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
F

In the past year, First Security Business Bank has decreased its total deposits by -$22.98 million, resulting in -33.4% 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 Security Business Bank has shown is poor.

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. First Security Business Bank has $82.47 million in assets with $21.7 million in equity, resulting in a capitalization level of 26.31%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #27539
Year Established1988
Employees7
Primary RegulatorFDIC
Assets and Liabilities
Assets$82.47 million
Loans$69.48 million
Deposits$45.81 million
Equity Capital$18.07 million
Loan Loss Allowance$3.63 million
Unbacked Noncurrent Loans$2.01 million
Real Estate Owned$0
Historic Data - March 2013
Assets$110.78 million
Equity Capital$18.29 million
Loan Loss Allowance$3.89 million
Unbacked Noncurrent Loans$2.01 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.59%
Return on Assets1.54%
Return on Equity7.29%
Interest Income$1.16 million
Rates

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Locations


First Security Business Bank Locations
First Security Business Bank803 East Katella AvenueOrange, CA 92867