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Overview / Commentary
213-210-2000
3701 Wilshire Boulevard, Suite 100
Los Angeles, CA 90010

Pacific City Bank is headquartered in Los Angeles and is the 65th largest bank in the state of California. It is also the 894th largest bank in the nation. It was established in 2003 and as of March of 2014, it had grown to 159 employees at 8 locations. Pacific City Bank's savings rates are 5X the national average, and it has a A health rating.

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Reviews (1)

Installment Savings- 1 Year At 3.00% (3.05%)

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.



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 Pacific City Bank had $8.72 million in non-current loans and owned real-estate with $92.8 million in equity and loan loss allowances on hand to cover it. This gives Pacific City Bank a Texas Ratio of 9.40% 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 Pacific City Bank experienced no significant changes from 7.97% as of March 31, 2013 to 9.40% as of March 31, 2014, resulting in a negative change of 17.91%. This indicates that the balance sheet and financial strength for Pacific City Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Pacific City Bank has increased its total deposits by $101.01 million, resulting in 17.48% 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.

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. Pacific City Bank has $762.45 million in assets with $92.8 million in equity, resulting in a capitalization level of 12.17%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #57463
Year Established2003
Employees159
Primary RegulatorFDIC
Assets and Liabilities
Assets$762.45 million
Loans$619.87 million
Deposits$678.68 million
Equity Capital$80.93 million
Loan Loss Allowance$11.88 million
Unbacked Noncurrent Loans$7.55 million
Real Estate Owned$1.17 million
Historic Data - March 2013
Assets$652.51 million
Equity Capital$72.76 million
Loan Loss Allowance$15.32 million
Unbacked Noncurrent Loans$7.55 million
Real Estate Owned$85,000
Profit Margin - Quarterly
Net Interest Margin4.07%
Return on Assets1.33%
Return on Equity12.73%
Interest Income$8.49 million
Rates
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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.

Pacific City Bank Savings Account Rates

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


Pacific City Bank Locations
Irvine Branch13140 Yale AvenueIrvine, CA 92620
Cerritos Office17901 Pioneer Boulevard, Suite E and FArtesia, CA 90701
Rowland Heights Branch18160 Colima RoadRowland Heights, CA 91748
Torrance Branch2505 Torrance BoulevardTorrance, CA 90503
Olympic Branch2560 W. Olympic Boulevard, Suite 101Los Angeles, CA 90006
Pacific City Bank3701 Wilshire Boulevard, Suite 100Los Angeles, CA 90010
Fullerton Branch5301 Beach BoulevardBuena Park, CA 90621
Downtown Fashion District Branch777 E. 12th Street, Suite 200Los Angeles, CA 90021