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.
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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 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.
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.
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.
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.
|FDIC Certificate #||23086|
|Assets and Liabilities|
|Equity Capital||$33.31 million|
|Loan Loss Allowance||$3.00 million|
|Real Estate Owned||$407,000|
|Historic Data - December 2012|
|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 Margin||3.52%|
|Return on Assets||0.5%|
|Return on Equity||3.43%|
|Interest Income||$8.55 million|
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|New OMNI Bank Locations|
|New Omni Bank, National Association||1235 South Garfield Avenue||Alhambra, CA 91801|
|Alhambra Branch||1235 South Garfield Avenue||Alhambra, CA 91801|
|Rowland Heights Branch||1661 South Nogales Street||Rowland Heights, CA 91748|