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Overview / Commentary
1330 Truxton Avenue
Bakersfield, CA 93301

Mission Bank is headquartered in Bakersfield and is the 102nd largest bank in the state of California. It is also the 1,651st largest bank in the nation. It was established in 1998 and as of March of 2014, it had grown to 87 employees at 7 locations. Mission Bank has a A health rating.

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Mission Bank had $295,000 in non-current loans and owned real-estate with $38.17 million in equity and loan loss allowances on hand to cover it. This gives Mission Bank a Texas Ratio of 0.77% 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 Mission Bank decreased dramatically from 2.11% as of March 31, 2013 to 0.77% as of March 31, 2014, resulting in a positive change of 63.32%.This indicates that the balance sheet and financial strength for Mission Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Mission Bank has increased its total deposits by $27.35 million, resulting in 8.02% 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 Mission Bank has shown is excellent.

Capitalization

GRADE:
C+

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. Mission Bank has $407.08 million in assets with $38.17 million in equity, resulting in a capitalization level of 9.38%, which is average.

Institution Statistics

Overall
FDIC Certificate #34805
Year Established1998
Employees87
Primary RegulatorFDIC
Assets and Liabilities
Assets$407.08 million
Loans$222.89 million
Deposits$368.45 million
Equity Capital$35.46 million
Loan Loss Allowance$2.72 million
Unbacked Noncurrent Loans$295,000
Real Estate Owned$0
Historic Data - March 2013
Assets$377.05 million
Equity Capital$32.66 million
Loan Loss Allowance$2.19 million
Unbacked Noncurrent Loans$295,000
Real Estate Owned$165,000
Profit Margin - Quarterly
Net Interest Margin3.9%
Return on Assets0.62%
Return on Equity7.1%
Interest Income$3.61 million
Rates

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Locations


Mission Bank Locations
Greenfield Branch10 Panama RoadBakersfield, CA 93307
Shafter Branch1110 E. Lerdo HighwayShafter, CA 93263
Mission Bank1330 Truxtun AvenueBakersfield, CA 93301
Ridgecrest Branch1450 North NormaRidgecrest, CA 93555
Helendale Branch15055 Vista Rd #6Helendale, CA 92342
Mojave Desert Branch15773 K StreetMojave, CA 93501
Lancaster Branch43830 20th Street WestLancaster, CA 93534