1359 N. Grand Avenue
Covina, CA 91724
800.524.CASH
www.kaiserfederal.com

FDIC


Simplicity Bank is headquartered in Covina and is the 57th largest bank in the state of California. It is also the 745th largest bank in the nation. It was established in 1953 and as of December of 2012, it had grown to 125 employees at 9 locations. Simplicity Bank has a 3-star health rating.

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

Simplicity Bank Checking Account Rates

ApyMinMaxProduct
0.05%--Relationship Checking
0.00%--Standard Checking
0.00%--Choice Checking

Simplicity Bank Savings Account Rates

ApyMinMaxProduct
0.25%--Holiday Club
0.05%$100-Savings Account
0.05%$100-IRA Savings
0.05%$100-Roth IRA Savings
0.05%$100-CESA Savings
0.05%$100-Youth Savings Account

Simplicity Bank Money Market Rates

ApyMinMaxProduct
0.30%$75k-Money Maximizer IRA
0.30%$75k-Money Maximizer

Simplicity Bank CD Rates

ApyMinMaxProduct
1.00%$1k-5 Year CD
0.80%$1k-3 Year to Less than 5 Year CD
0.50%$1k-2 Year to Less than 3 Year CD
0.40%$1k-1 Year to Less than 2 Year CD
0.30%$1k-182 - 364 Day CD
0.20%$1k-90 - 181 Day CD

Simplicity Bank IRA Rates

ApyMinMaxProduct
1.00%$10k-5 Year IRA
1.00%$10k-5 Year Roth IRA
1.00%$10k-5 Year CESA
0.80%$10k-3 Yr to <5 Yr IRA
0.80%$10k-3 Yr to <5 Yr Roth IRA
0.80%$10k-3 Yr to <5 Yr CESA
0.50%$10k-2 Yr to <3 Yr IRA
0.50%$10k-2 Yr to <3 Yr Roth IRA
0.50%$10k-2 Yr to <3 Yr CESA
0.40%$10k-1 Yr to <2 Yr IRA
0.40%$10k-1 Yr to <2 Yr Roth IRA
0.40%$10k-1 Yr to <2 Yr CESA
0.30%$10k-182 - 364 Day IRA
0.30%$10k-182 - 364 Day Roth IRA
0.30%$10k-182 - 364 Day CESA

Rates updated: 5/22/2013

Data for Q4 2012


Institution Statistics


Simplicity Bank
OTS #15954
FDIC Certificate #35448
BankRate ReportView
Year Established1953
Employees125
Primary RegulatorOCC

Assets and Liabilities

Assets$890.01 million
Loans$721.07 million
Deposits$688.56 million
Equity Capital$130.92 million
Loan Loss Allowance$6.62 million
Unbacked Noncurrent Loans$24.36 million
Real Estate Owned$525,000

Historic Data - December 2011

Assets$931.92 million
Equity Capital$124.14 million
Loan Loss Allowance$8.19 million
Unbacked Noncurrent Loans$25.12 million
Real Estate Owned$610,000

Profit Margin - Quarterly

Net Interest Margin3.36%
Return on Assets0.63%
Return on Equity4.56%
Interest Income$38.84 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio3
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 Simplicity Bank had $24.88 million in non-current loans and owned real-estate with $137.54 million in equity and loan loss allowances on hand to cover it. This gives Simplicity Bank a Texas Ratio of 18.09% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Simplicity Bank held steady from 19.44% as of December 31, 2011 to 18.09% as of December 31, 2012, resulting in a positive change of 6.95%.This indicates that the balance sheet and financial strength for Simplicity Bank has held steady in recent periods.
Deposit Growth2
In the past year, Simplicity Bank has decreased its total deposits by -$8.58 million, resulting in -1.23% 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 Simplicity Bank has shown is below average.
Capitalization5
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. Simplicity Bank has $890.01 million in assets with $137.54 million in equity, resulting in a capitalization level of 15.45%, which is excellent.
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