Mega Bank

245 West Valley Boulevard
San Gabriel, CA 91776
626 282-3000
www.megabankusa.com

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Mega Bank is headquartered in San Gabriel and is the 125^th largest bank in the state of California. It is also the 2,390^th largest bank in the nation. It was established in 2008 and as of December of 2012, it had grown to 39 employees at 4 locations. Mega Bank has a 4-star health rating.

Mega Bank Routing Number: 122244870

2.38% 16-Month & 2.15% 6-Month Jumbo CDs at Mega Bank in California - Local Only - 11/6/2009

Update 11/21/09: These CD specials are no longer listed on the bank's website. Please check with the bank for the latest CD specials.Mega Bank has a CD promotion with some very competitive rates. The best rates are its Jumbo CDs. The regular CD rates are...

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

Mega Bank Checking Account Rates

Apy	Min	Max	Product
0.50%	$100k	-	Personal Super NOW
0.50%	$100k	-	Business Super NOW

Mega Bank Savings Account Rates

Apy	Min	Max	Product
0.80%	$250k	-	Personal Savings
0.50%	$250k	-	Business Savings

Mega Bank Money Market Rates

Apy	Min	Max	Product
0.55%	$500k	-	Personal Money Market
0.45%	$500k	-	Business Money Market

Mega Bank CD Rates

Apy	Min	Max	Product
0.80%	$100k	-	18 Month Regular Time CD
0.80%	$100k	-	Over 2 Year Regular Time CD
0.70%	$100k	-	271-365 Day Regular Time CD
0.60%	$100k	-	181-270 Day Regular Time CD
0.50%	$100k	-	91-180 Day Regular Time CD
0.40%	$100k	-	61-90 Day Regular Time CD
0.35%	$100k	-	31-60 Day Regular Time CD
0.30%	$100k	-	7-30 Day Regular Time CD

Mega Bank IRA Rates

Apy	Min	Max	Product
0.85%	$2,500	-	24 Month IRA
0.75%	$2,500	-	18 Month IRA
0.65%	$2,500	-	12 Month IRA

Rates updated: 5/23/2013

Data for Q4 2012

Institution Statistics

Mega Bank
FDIC Certificate #	58401
BankRate Report	View
Year Established	2008
Employees	39
Primary Regulator	FDIC
Assets and Liabilities
Assets	$269.63 million
Loans	$189.04 million
Deposits	$235.44 million
Equity Capital	$33.44 million
Loan Loss Allowance	$3.19 million
Unbacked Noncurrent Loans	$4.84 million
Historic Data - December 2011
Assets	$212.51 million
Equity Capital	$32.13 million
Loan Loss Allowance	$2.87 million
Unbacked Noncurrent Loans	$1,000
Real Estate Owned	$784,000
Profit Margin - Quarterly
Net Interest Margin	3.66%
Return on Assets	0.43%
Return on Equity	3.08%
Interest Income	$10.21 million

Institution Health

Overall Score:

4 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 Mega Bank had $4.84 million in non-current loans and owned real-estate with $36.62 million in equity and loan loss allowances on hand to cover it. This gives Mega Bank a Texas Ratio of 13.20% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Mega Bank increased slightly from 2.24% as of December 31, 2011 to 13.20% as of December 31, 2012, resulting in a negative change of 488.49%. This indicates that the balance sheet and financial strength for Mega Bank has declined slightly in recent periods.
Deposit Growth
In the past year, Mega Bank has increased its total deposits by $57.63 million, resulting in 32.41% 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 Mega Bank has shown is excellent.
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. Mega Bank has $269.63 million in assets with $36.62 million in equity, resulting in a capitalization level of 13.58%, which is excellent.