Lighthouse Bank is headquartered in Santa Cruz and is the 163rd largest bank in the state of California. It is also the 3,571st largest bank in the nation. It was established in 2007 and as of September of 2013, it had grown to 20 employees at 1 location. Lighthouse Bank has a A health rating.
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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 September 30, 2013 Lighthouse Bank had $349,000 in non-current loans and owned real-estate with $25.14 million in equity and loan loss allowances on hand to cover it. This gives Lighthouse Bank a Texas Ratio of 1.39% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Lighthouse Bank decreased dramatically from 3.75% as of September 30, 2012 to 1.39% as of September 30, 2013, resulting in a positive change of 62.94%.This indicates that the balance sheet and financial strength for Lighthouse Bank has improved dramatically in recent periods.
In the past year, Lighthouse Bank has decreased its total deposits by -$12.74 million, resulting in -8.47% 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 Lighthouse Bank has shown is below average.
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. Lighthouse Bank has $160.7 million in assets with $25.14 million in equity, resulting in a capitalization level of 15.65%, which is excellent.
|FDIC Certificate #||58646|
|Assets and Liabilities|
|Equity Capital||$22.27 million|
|Loan Loss Allowance||$2.87 million|
|Real Estate Owned||$349,000|
|Historic Data - September 2012|
|Equity Capital||$20.42 million|
|Loan Loss Allowance||$2.81 million|
|Unbacked Noncurrent Loans||$0|
|Real Estate Owned||$370,000|
|Profit Margin - Quarterly|
|Net Interest Margin||4.74%|
|Return on Assets||1.42%|
|Return on Equity||10.78%|
|Interest Income||$5.70 million|
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|0.25%||-||-||Personal Overdraft Savings|
|0.25%||-||-||Business Overdraft Savings|
|0.25%||$50k||-||Personal Money Market|
|0.25%||$50k||-||Business Money Market|
|0.10%||-||-||Personal Interest Checking|
|0.10%||-||-||Business Interest Checking|
|0.10%||$5k||-||Premier Nonprofit Interest Checking|
|1.26%||$10k||-||60 Month CD|
|1.16%||$90k||-||48-59 Month CD|
|1.01%||$90k||-||36-47 Month CD|
|0.70%||$90k||-||24-35 Month CD|
|0.40%||$10k||-||12-23 Month CD|
|0.35%||$10k||-||180-364 Day CD|
|0.15%||-||-||30-89 Day CD|
|0.15%||-||-||90-179 Day CD|
|1.26%||$10k||-||60 Month IRA|
|1.16%||$90k||-||48-59 Month IRA|
|1.01%||$90k||-||36-47 Month IRA|
|0.70%||$90k||-||24-35 Month IRA|
|0.40%||-||-||12-23 Month IRA|
|0.35%||$10k||-||180-364 Day IRA|
|Lighthouse Bank Locations|
|Lighthouse Bank||111 Mission Street||Santa Cruz, CA 95060|