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Overview / Commentary
415-995-8100
405 Howard Street, Suite 110
San Francisco, CA 94105

New Resource Bank is headquartered in San Francisco and is the 132nd largest bank in the state of California. It is also the 2,816st largest bank in the nation. It was established in 2006 and as of March of 2014, it had grown to 37 employees at 1 location. New Resource 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 Resource Bank had $223,000 in non-current loans and owned real-estate with $32.47 million in equity and loan loss allowances on hand to cover it. This gives New Resource Bank a Texas Ratio of 0.69% 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 Resource Bank decreased dramatically from 6.50% as of March 31, 2013 to 0.69% as of March 31, 2014, resulting in a positive change of 89.43%.This indicates that the balance sheet and financial strength for New Resource Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, New Resource Bank has increased its total deposits by $12.76 million, resulting in 7.15% 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 Resource 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 Resource Bank has $221.97 million in assets with $32.47 million in equity, resulting in a capitalization level of 14.63%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #58329
Year Established2006
Employees37
Primary RegulatorFDIC
Assets and Liabilities
Assets$221.97 million
Loans$164.93 million
Deposits$191.27 million
Equity Capital$29.12 million
Loan Loss Allowance$3.35 million
Unbacked Noncurrent Loans$223,000
Real Estate Owned$0
Historic Data - March 2013
Assets$208.26 million
Equity Capital$28.17 million
Loan Loss Allowance$2.82 million
Unbacked Noncurrent Loans$223,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.39%
Return on Assets0.63%
Return on Equity4.8%
Interest Income$2.33 million
Rates

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Locations


New Resource Bank Locations
New Resource Bank405 Howard Street, Suite 110San Francisco, CA 94105