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Overview / Commentary
1000 Wilshire Blvd, # 100
Los Angeles, CA 90017

Open Bank is headquartered in Los Angeles and is the 105th largest bank in the state of California. It is also the 1,727th largest bank in the nation. It was established in 2005 and as of March of 2014, it had grown to 83 employees at 5 locations. Open Bank has a A+ health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


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 Open Bank had $1,000,000 in non-current loans and owned real-estate with $38.08 million in equity and loan loss allowances on hand to cover it. This gives Open Bank a Texas Ratio of 2.63% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Open Bank decreased dramatically from 4.70% as of March 31, 2013 to 2.63% as of March 31, 2014, resulting in a positive change of 44.17%.This indicates that the balance sheet and financial strength for Open Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Open Bank has increased its total deposits by $159.01 million, resulting in 83.9% 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 Open 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. Open Bank has $383.63 million in assets with $38.08 million in equity, resulting in a capitalization level of 9.93%, which is above average.

Institution Statistics

FDIC Certificate #57944
Year Established2005
Primary RegulatorFDIC
Assets and Liabilities
Assets$383.63 million
Loans$307.34 million
Deposits$348.54 million
Equity Capital$32.67 million
Loan Loss Allowance$5.41 million
Unbacked Noncurrent Loans$1,000,000
Real Estate Owned$0
Historic Data - March 2013
Assets$220.41 million
Equity Capital$29.52 million
Loan Loss Allowance$4.14 million
Unbacked Noncurrent Loans$1,000,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.37%
Return on Assets1.13%
Return on Equity12.82%
Interest Income$4.01 million

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Open Bank Locations
Open Bank1000 Wilshire Boulevard, Suite 100Los Angeles, CA 90017