Pacific City Bank is headquartered in Los Angeles and is the 64th largest bank in the state of California. It is also the 889th largest bank in the nation. It was established in 2003 and as of December of 2013, it had grown to 158 employees at 8 locations. Pacific City Bank's savings rates are 5X the national average, and it has a A health rating.
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.
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 Pacific City Bank had $9.42 million in non-current loans and owned real-estate with $90.75 million in equity and loan loss allowances on hand to cover it. This gives Pacific City Bank a Texas Ratio of 10.38% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Pacific City Bank experienced no significant changes from 10.01% as of December 31, 2012 to 10.38% as of December 31, 2013, resulting in a negative change of 3.76%. This indicates that the balance sheet and financial strength for Pacific City Bank has had no significant changes in recent periods.
In the past year, Pacific City Bank has increased its total deposits by $135.38 million, resulting in 25.12% 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.
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 $755.91 million in assets with $90.75 million in equity, resulting in a capitalization level of 12.01%, which is excellent.
|FDIC Certificate #||57463|
|Assets and Liabilities|
|Equity Capital||$78.15 million|
|Loan Loss Allowance||$12.61 million|
|Unbacked Noncurrent Loans||$8.53 million|
|Real Estate Owned||$891,000|
|Historic Data - December 2012|
|Equity Capital||$69.66 million|
|Loan Loss Allowance||$14.67 million|
|Unbacked Noncurrent Loans||$8.53 million|
|Real Estate Owned||$157,000|
|Profit Margin - Quarterly|
|Net Interest Margin||4.15%|
|Return on Assets||3.14%|
|Return on Equity||28.15%|
|Interest Income||$31.35 million|
Always verify rates and promotions with the bank or credit union. We are not Pacific City Bank, we are a rate comparison website and can not provide official rates or promotions.
|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|
|Pacific City Bank Locations|
|Irvine Branch||13140 Yale Avenue||Irvine, CA 92620|
|Cerritos Office||17901 Pioneer Boulevard, Suite E and F||Artesia, CA 90701|
|Rowland Heights Branch||18160 Colima Road||Rowland Heights, CA 91748|
|Torrance Branch||2505 Torrance Boulevard||Torrance, CA 90503|
|Olympic Branch||2560 W. Olympic Boulevard, Suite 101||Los Angeles, CA 90006|
|Pacific City Bank||3701 Wilshire Boulevard, Suite 100||Los Angeles, CA 90010|
|Fullerton Branch||5301 Beach Boulevard||Buena Park, CA 90621|
|Downtown Fashion District Branch||777 E. 12th Street, Suite 200||Los Angeles, CA 90021|