Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
1235 South Garfield Avenue
Alhambra, CA 91801

New OMNI Bank is headquartered in Alhambra and is the 128th largest bank in the state of California. It is also the 2,653rd largest bank in the nation. It was established in 1980 and as of December of 2013, it had grown to 58 employees at 3 locations. New OMNI Bank has a A+ health rating.

Related Posts



No reviews have been left for this bank yet. Be the first to review.



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 New OMNI Bank had $407,000 in non-current loans and owned real-estate with $36.31 million in equity and loan loss allowances on hand to cover it. This gives New OMNI Bank a Texas Ratio of 1.12% 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 New OMNI Bank decreased dramatically from 3.31% as of December 31, 2012 to 1.12% as of December 31, 2013, resulting in a positive change of 66.15%.This indicates that the balance sheet and financial strength for New OMNI Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, New OMNI Bank has increased its total deposits by $20.95 million, resulting in 14.35% 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 New OMNI Bank has shown is excellent.

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. New OMNI Bank has $238.36 million in assets with $36.31 million in equity, resulting in a capitalization level of 15.23%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #23086
Year Established1980
Employees58
Primary RegulatorOCC
Assets and Liabilities
Assets$238.36 million
Loans$167.02 million
Deposits$166.93 million
Equity Capital$33.31 million
Loan Loss Allowance$3.00 million
Real Estate Owned$407,000
Historic Data - December 2012
Assets$200.96 million
Equity Capital$32.19 million
Loan Loss Allowance$2.97 million
Unbacked Noncurrent Loans$0
Real Estate Owned$907,000
Profit Margin - Quarterly
Net Interest Margin3.52%
Return on Assets0.5%
Return on Equity3.43%
Interest Income$8.55 million
Rates

Sorry, we do not have rate data for New OMNI Bank

Locations


New OMNI Bank Locations
New Omni Bank, National Association1235 South Garfield AvenueAlhambra, CA 91801
Alhambra Branch1235 South Garfield AvenueAlhambra, CA 91801
Rowland Heights Branch1661 South Nogales StreetRowland Heights, CA 91748