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Overview / Commentary
888 W 6th
Los Angeles, CA 90017

ProAmerica Bank is headquartered in Los Angeles and is the 162nd largest bank in the state of California. It is also the 3,503rd largest bank in the nation. It was established in 2006 and as of March of 2014, it had grown to 31 employees at 1 location. ProAmerica 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 ProAmerica Bank had $0 in non-current loans and owned real-estate with $29.98 million in equity and loan loss allowances on hand to cover it. This gives ProAmerica Bank a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth

GRADE:
B+

In the past year, ProAmerica Bank has increased its total deposits by $2.38 million, resulting in 1.79% 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 ProAmerica Bank has shown is above average.

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. ProAmerica Bank has $164.15 million in assets with $29.98 million in equity, resulting in a capitalization level of 18.26%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #58349
Year Established2006
Employees31
Primary RegulatorFDIC
Assets and Liabilities
Assets$164.15 million
Loans$117.15 million
Deposits$135.42 million
Equity Capital$27.48 million
Loan Loss Allowance$2.50 million
Real Estate Owned$0
Historic Data - March 2013
Assets$156.89 million
Equity Capital$22.75 million
Loan Loss Allowance$2.58 million
Unbacked Noncurrent Loans$0
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.05%
Return on Assets0.19%
Return on Equity1.11%
Interest Income$1.64 million
Rates

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Locations


ProAmerica Bank Locations
Proamerica Bank888 W 6thLos Angeles, CA 90017