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Overview / Commentary
1235 South Garfield Avenue
Alhambra, CA 91801

New OMNI Bank is headquartered in Alhambra and is the 126th largest bank in the state of California. It is also the 2,580th largest bank in the nation. It was established in 1980 and as of March of 2014, it had grown to 54 employees at 3 locations. New OMNI 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 New OMNI Bank had $407,000 in non-current loans and owned real-estate with $37.23 million in equity and loan loss allowances on hand to cover it. This gives New OMNI Bank a Texas Ratio of 1.09% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for New OMNI Bank experienced no significant changes from 1.15% as of March 31, 2013 to 1.09% as of March 31, 2014, resulting in a positive change of 4.82%.This indicates that the balance sheet and financial strength for New OMNI Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, New OMNI Bank has increased its total deposits by $7.89 million, resulting in 5.01% 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 $247.4 million in assets with $37.23 million in equity, resulting in a capitalization level of 15.05%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #23086
Year Established1980
Employees54
Primary RegulatorOCC
Assets and Liabilities
Assets$247.40 million
Loans$179.90 million
Deposits$165.54 million
Equity Capital$34.09 million
Loan Loss Allowance$3.14 million
Real Estate Owned$407,000
Historic Data - March 2013
Assets$217.93 million
Equity Capital$32.47 million
Loan Loss Allowance$2.97 million
Real Estate Owned$407,000
Profit Margin - Quarterly
Net Interest Margin3.74%
Return on Assets0.4%
Return on Equity2.85%
Interest Income$2.46 million
Rates

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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