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5 star rating based on 1 review.

Pacific City Bank

Pacific City Bank Locations
3701 Wilshire Boulevard, Suite 100
Los Angeles, CA 90010
213-210-2000
www.paccitybank.com

FDIC

Pacific City Bank is headquartered in Los Angeles and is the 73rd largest bank in the state of California. It is also the 1,096th largest bank in the nation. It was established in 2003 and as of December of 2012, it had grown to 140 employees at 7 locations. Pacific City Bank's savings rates are 5X the national average, and it boasts a 5-star health rating.

Pacific City Bank Routing Number: 122043602

Related Posts

Top Installment Savings Account Rates at Pacific City Bank in Los Angeles - Local Only - 10/31/2010

It has been a while since my last review of an installment savings account. As I was looking for good CD rates, I came across Pacific City Bank . I had posted on its installment savings account in 200 ...

Installment Savings Account with Rates of up to 5.39% at Pacific City Bank - Los Angeles Area Only - 3/24/2009

Here's another installment savings account. Pacific City Bank's version of this is called the Plus Installment Savings. Instead of making one initial deposit, you agree to monthly deposits. At maturity, the balance equals the sum of all the deposits plus...



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Pacific City Bank Savings Account Rates

ApyMinMaxProduct
2.53%$1k-60 Month Plus Installment Savings
2.28%$1k-48 Month Plus Installment Savings
2.02%$1k-36 Month Plus Installment Savings
2.02%$1k-60 Month Installment Savings
1.77%$1k-24 Month Plus Installment Savings
1.77%$1k-30 Month Plus Installment Savings
1.77%$1k-48 Month Installment Savings
1.51%$1k-12 Month Plus Installment Savings
1.51%$1k-18 Month Plus Installment Savings
1.51%$1k-36 Month Installment Savings
1.26%$1k-24 Month Installment Savings
1.26%$1k-30 Month Installment Savings
1.01%$1k-12 Month Installment Savings
1.01%$1k-18 Month Installment Savings

Rates updated: 5/23/2013

Data for Q4 2012


Institution Statistics


Pacific City Bank
FDIC Certificate #57463
BankRate ReportView
Year Established2003
Employees140
Primary RegulatorFDIC

Assets and Liabilities

Assets$610.84 million
Loans$490.89 million
Deposits$538.99 million
Equity Capital$69.66 million
Loan Loss Allowance$14.67 million
Unbacked Noncurrent Loans$7.30 million
Real Estate Owned$157,000

Historic Data - December 2011

Assets$546.05 million
Equity Capital$61.21 million
Loan Loss Allowance$15.31 million
Unbacked Noncurrent Loans$8.34 million
Real Estate Owned$1.34 million

Profit Margin - Quarterly

Net Interest Margin4.16%
Return on Assets1.39%
Return on Equity12.48%
Interest Income$27.76 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio4
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, 2012 Pacific City Bank had $7.46 million in non-current loans and owned real-estate with $84.32 million in equity and loan loss allowances on hand to cover it. This gives Pacific City Bank a Texas Ratio of 8.84% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Pacific City Bank decreased slightly from 14.43% as of December 31, 2011 to 8.84% as of December 31, 2012, resulting in a positive change of 38.73%.This indicates that the balance sheet and financial strength for Pacific City Bank has improved slightly in recent periods.
Deposit Growth5
In the past year, Pacific City Bank has increased its total deposits by $56.66 million, resulting in 11.75% 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 Pacific City Bank has shown is excellent.
Capitalization5
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. Pacific City Bank has $610.84 million in assets with $84.32 million in equity, resulting in a capitalization level of 13.80%, which is excellent.
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Installment Savings- 1 Year At 3.00% (3.05%)
5 stars - koreanstocks - Wednesday, June 16, 2010 - 1:18 AM

I would have to say that DepositAccounts.com has done an excellent job of informing readers of the available installment savings products to everyone.

One reason that I like Pacific City Bank is that their service is great and usually their installment savings accounts have higher rates than the "big four" Korean American banks which are Hanmi, Wilshire State, Center, and Nara Banks.  For a small saver and regular person like me, every cent counts!

Right now, if you either have a Pacific City Bank checking or savings account, their one year installment savings has a rate of 3.00% (APY 3.05%). 

They have locations in Los Angeles, Fullerton/Buena Park, Rowland Heights/Diamond Bar, Torrance, Cerritos/Artesia areas.

3
 
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