Simplicity Bank

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

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Simplicity Bank is headquartered in Covina and is the 57^th largest bank in the state of California. It is also the 745^th 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.

Competitive 5-Year CD Rate at Kaiser Federal Bank in California - 8/19/2011

Kaiser Federal Bank continues to offer a competitive rate on its special 5-year CD. It has a 2.50% APY with a minimum deposit of $10,000. This is listed in the bank's CD rate table as of 8/19/2011 . ...

The Best CD Rates and the Smallest Early Withdrawal Penalties - 3/21/2011

In this post I review four institutions with top long-term CD rates with relatively mild early withdrawal penalties. Many people assume we will see very high inflation and eventually very high interes ...

Another Nationally Available 3.00% 5-Year CD - Kaiser Federal Bank in California - 2/17/2011

Kaiser Federal Bank did something rare yesterday. It raised its special 5-year CD rate from 2.75% to 3.00% APY. Minimum deposit is $10,000. This is listed in the bank's CD rate table as of 2/17/2011 . ...

Special 5-Year CD and IRA CD Rate at Kaiser Federal Bank in California - 1/14/2011

Kaiser Federal Bank just started offering a 5-year CD special with a 2.75% APY. Minimum deposit is $10,000, and it's also available in an IRA. This is listed in the bank's CD rate table as of 1/14/201 ...

2010

2009

7/29 - 2.60% 24-Month CD at Kaiser Federal Bank in California - Available Nationwide

2008

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

Simplicity Bank Checking Account Rates

Apy	Min	Max	Product
0.05%	-	-	Relationship Checking
0.00%	-	-	Standard Checking
0.00%	-	-	Choice Checking

Simplicity Bank Savings Account Rates

Apy	Min	Max	Product
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

Apy	Min	Max	Product
0.30%	$75k	-	Money Maximizer IRA
0.30%	$75k	-	Money Maximizer

Simplicity Bank CD Rates

Apy	Min	Max	Product
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

Apy	Min	Max	Product
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 Report	View
Year Established	1953
Employees	125
Primary Regulator	OCC
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 Margin	3.36%
Return on Assets	0.63%
Return on Equity	4.56%
Interest Income	$38.84 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 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 Trend
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 Growth
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.
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. 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.