Average User Rating:
2 star rating based on 1 review.

Gilmore Bank

110 South Fairfax Avenue
Los Angeles, CA 90036
323-549-2100
www.gilmorebank.com

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Gilmore Bank is headquartered in Los Angeles and is the 158^th largest bank in the state of California. It is also the 3,345^th largest bank in the nation. It was established in 1955 and as of December of 2012, it had grown to 37 employees at 2 locations. Gilmore Bank has a 3-star health rating.

Gilmore Bank Routing Number: 122203507

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See Rates for: Checking | Savings | Money Market | CD | IRA

Gilmore Bank Checking Account Rates

Apy	Min	Max	Product
0.30%	$500k	-	Landmark Checking
0.05%	$100	-	Personal Interest Checking
0.05%	$100	-	Business Interest Checking

Gilmore Bank Savings Account Rates

Apy	Min	Max	Product
0.15%	$100	-	Personal Savings
0.15%	$100	-	Business Savings

Gilmore Bank Money Market Rates

Apy	Min	Max	Product
0.30%	$500k	-	Personal Money Market Account
0.30%	$500k	-	Business Money Market Account

Gilmore Bank CD Rates

Apy	Min	Max	Product
1.10%	$1k	-	5 Year CD
1.10%	$100k	-	5 Year Jumbo CD
0.55%	$1k	-	3 Year CD
0.55%	$100k	-	3 Year Jumbo CD
0.45%	$1k	-	2 Year CD
0.45%	$100k	-	2 Year Jumbo CD
0.25%	$1k	-	1 Year CD
0.25%	$100k	-	1 Year Jumbo CD
0.20%	$1k	-	270 Day CD
0.20%	$100k	-	270 Day Jumbo CD
0.15%	$1k	-	90 Day CD
0.15%	$1k	-	180 Day CD
0.15%	$100k	-	90 Day Jumbo CD
0.15%	$100k	-	180 Day Jumbo CD
0.10%	$1k	-	30 Day CD
0.10%	$100k	-	30 Day Jumbo CD

Gilmore Bank IRA Rates

Apy	Min	Max	Product
0.55%	$1k	-	3 Year IRA
0.55%	$1k	-	3 Year Roth IRA
0.55%	$1k	-	3 Year CESA
0.55%	$1k	-	3 Year SEP IRA
0.45%	$1k	-	2 Year IRA
0.45%	$1k	-	2 Year Roth IRA
0.45%	$1k	-	2 Year CESA
0.45%	$1k	-	2 Year SEP IRA
0.25%	$1k	-	1 Year IRA
0.25%	$1k	-	18 Month IRA
0.25%	$1k	-	1 Year Roth IRA
0.25%	$1k	-	18 Month Roth IRA
0.25%	$1k	-	1 Year CESA
0.25%	$1k	-	1 Year SEP IRA
0.25%	$1k	-	18 Month CESA
0.25%	$1k	-	18 Month SEP IRA

Rates updated: 5/24/2013

Data for Q4 2012

Institution Statistics

Gilmore Bank
FDIC Certificate #	17523
BankRate Report	View
Year Established	1955
Employees	37
Primary Regulator	FDIC
Assets and Liabilities
Assets	$180.11 million
Loans	$118.64 million
Deposits	$160.22 million
Equity Capital	$19.22 million
Loan Loss Allowance	$2.35 million
Unbacked Noncurrent Loans	$4.90 million
Real Estate Owned	$4.96 million
Historic Data - December 2011
Assets	$175.98 million
Equity Capital	$18.77 million
Loan Loss Allowance	$2.31 million
Unbacked Noncurrent Loans	$6.26 million
Real Estate Owned	$4.29 million
Profit Margin - Quarterly
Net Interest Margin	4.85%
Return on Assets	0.55%
Return on Equity	5.13%
Interest Income	$8.26 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 December 31, 2012 Gilmore Bank had $9.86 million in non-current loans and owned real-estate with $21.57 million in equity and loan loss allowances on hand to cover it. This gives Gilmore Bank a Texas Ratio of 45.71% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Gilmore Bank held steady from 50.07% as of December 31, 2011 to 45.71% as of December 31, 2012, resulting in a positive change of 8.69%.This indicates that the balance sheet and financial strength for Gilmore Bank has held steady in recent periods.
Deposit Growth
In the past year, Gilmore Bank has increased its total deposits by $4.12 million, resulting in 2.64% 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 Gilmore Bank has shown is above average.
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. Gilmore Bank has $180.11 million in assets with $21.57 million in equity, resulting in a capitalization level of 11.98%, which is above average.

Frustrating To Work With
2 stars

- socalgal - Wednesday, February 8, 2012 - 12:33 PM

I had an HSA account with this bank and I've had nothing but frustrating issues with them since. They advertise these accounts as a service they provide, yet they didn't know how to set it up and argued with me about the deficiency of their documents and IRS reporting of it. Their tax statement was incorrect and when they agreed to correct it, they stated they would not provide me a copy of the correction so I won't know if they actually did it. Additionally, when I finally transferred my account to another institution, I called in advance to find out about their fees. I was told there were none, yet they took fees out of my account anyway. Their staff never knows anything and they certainly don't make you feel as if your business is important.