Independence Bank (CA)

Independence Bank (CA) is headquartered in Newport Beach and is the 120^th largest bank in the state of California. It is also the 2,253^rd largest bank in the nation. It was established in 2004 and as of March of 2012, it had grown to 57 employees at 4 locations. Independence Bank (CA)'s money market rates are 25% higher than the national average, and it has a 3-star health rating.

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Data for Q1 2012

Institution Statistics Independence Bank FDIC Certificate # 57688 BankRate Report View Year Established 2004 Employees 57 Primary Regulator FDIC Assets and Liabilities Assets $289.73 million Loans $206.16 million Deposits $201.88 million Equity Capital $37.97 million Loan Loss Allowance $4.34 million Unbacked Noncurrent Loans $5.12 million Real Estate Owned $3.16 million Historic Data - March 2011 Assets $319.84 million Equity Capital $35.27 million Loan Loss Allowance $5.67 million Unbacked Noncurrent Loans $7.26 million Real Estate Owned $5.80 million Profit Margin - Quarterly Net Interest Margin 4.51% Return on Assets 0.51% Return on Equity 3.94% Interest Income $3.69 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 Independence Bank (CA) had $8.28 million in non-current loans and owned real-estate with $42.3 million in equity and loan loss allowances on hand to cover it. This gives Independence Bank (CA) a Texas Ratio of 19.57% 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 Independence Bank (CA) decreased slightly from 31.90% as of March 31, 2011 to 19.57% as of March 31, 2012, resulting in a positive change of 38.66%.This indicates that the balance sheet and financial strength for Independence Bank (CA) has improved slightly in recent periods. Deposit Growth In the past year, Independence Bank (CA) has decreased its total deposits by -$41.6 million, resulting in -17.09% 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 Independence Bank (CA) has shown is poor. 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. Independence Bank (CA) has $289.73 million in assets with $42.3 million in equity, resulting in a capitalization level of 14.60%, which is excellent.

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