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Overview / Commentary
831-600-4000
111 Mission Street
Santa Cruz, CA 95060

Lighthouse Bank is headquartered in Santa Cruz and is the 162nd largest bank in the state of California. It is also the 3,600th largest bank in the nation. It was established in 2007 and as of December of 2013, it had grown to 21 employees at 1 location. Lighthouse Bank has a A health rating.

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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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, 2013 Lighthouse Bank had $349,000 in non-current loans and owned real-estate with $25.73 million in equity and loan loss allowances on hand to cover it. This gives Lighthouse Bank a Texas Ratio of 1.36% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Lighthouse Bank decreased dramatically from 3.67% as of December 31, 2012 to 1.36% as of December 31, 2013, resulting in a positive change of 63.08%.This indicates that the balance sheet and financial strength for Lighthouse Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
D

In the past year, Lighthouse Bank has decreased its total deposits by -$12.63 million, resulting in -8.58% 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.

Capitalization

GRADE:
A+

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 $157.98 million in assets with $25.73 million in equity, resulting in a capitalization level of 16.29%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #58646
Year Established2007
Employees21
Primary RegulatorFDIC
Assets and Liabilities
Assets$157.98 million
Loans$100.08 million
Deposits$134.49 million
Equity Capital$22.86 million
Loan Loss Allowance$2.87 million
Real Estate Owned$349,000
Historic Data - December 2012
Assets$168.78 million
Equity Capital$20.82 million
Loan Loss Allowance$2.86 million
Unbacked Noncurrent Loans$0
Real Estate Owned$370,000
Profit Margin - Quarterly
Net Interest Margin4.76%
Return on Assets1.43%
Return on Equity10.69%
Interest Income$7.56 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Lighthouse Bank, we are a rate comparison website and can not provide official rates or promotions.

Lighthouse Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--Personal Savings
0.25%--Personal Overdraft Savings
0.25%--Business Savings
0.25%--Business Overdraft Savings
0.10%--Attorney-Client Trust

Lighthouse Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$50k-Personal Money Market
0.25%$50k-Business Money Market

Lighthouse Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Personal Interest Checking
0.10%--Business Interest Checking
0.10%$5k-Premier Nonprofit Interest Checking
0.10%--Corporate Checking

Lighthouse Bank CD Rates

DetailsAPYMINMAXPRODUCT
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

Lighthouse Bank IRA Rates

DetailsAPYMINMAXPRODUCT
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
Locations


Lighthouse Bank Locations
Lighthouse Bank111 Mission StreetSanta Cruz, CA 95060