Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
951-782-6177
3756 Central Ave
Riverside, CA 92506

Provident Savings Bank, F.S.B. is headquartered in Riverside and is the 50th largest bank in the state of California. It is also the 587th largest bank in the nation. It was established in 1956 and as of December of 2013, it had grown to 524 employees at 15 locations. Provident Savings Bank, F.S.B.'s savings rates are 92% higher than the national average, and it has a B+ health rating.

Reviews (1)

Afraid Of Growth

Provident is forgetting about community development; seems afraid of its shadow; this is the time for growth but it is afraid to even take two steps forward.  California is on the leading edge of leading the nation in economic growth, but Provident unfortunately does not see it.  It is becoming too cautious, too reactionary.  Losing its vision.  It is forgetting its grassroots beginning.



Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B+

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 Provident Savings Bank, F.S.B. had $22.61 million in non-current loans and owned real-estate with $154.22 million in equity and loan loss allowances on hand to cover it. This gives Provident Savings Bank, F.S.B. a Texas Ratio of 14.66% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Provident Savings Bank, F.S.B. decreased slightly from 18.13% as of December 31, 2012 to 14.66% as of December 31, 2013, resulting in a positive change of 19.11%.This indicates that the balance sheet and financial strength for Provident Savings Bank, F.S.B. has improved slightly in recent periods.

Deposit Growth

GRADE:
C

In the past year, Provident Savings Bank, F.S.B. has decreased its total deposits by -$15.32 million, resulting in -1.62% 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 Provident Savings Bank, F.S.B. has shown is 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. Provident Savings Bank, F.S.B. has $1.13 billion in assets with $154.22 million in equity, resulting in a capitalization level of 13.60%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #30879
Year Established1956
Employees524
Primary RegulatorOCC
Assets and Liabilities
Assets$1.13 billion
Loans$887.63 million
Deposits$928.42 million
Equity Capital$143.18 million
Loan Loss Allowance$11.04 million
Unbacked Noncurrent Loans$19.32 million
Real Estate Owned$3.29 million
Historic Data - December 2012
Assets$1.25 billion
Equity Capital$153.86 million
Loan Loss Allowance$18.53 million
Unbacked Noncurrent Loans$19.32 million
Real Estate Owned$2.44 million
Profit Margin - Quarterly
Net Interest Margin2.81%
Return on Assets1.15%
Return on Equity9.01%
Interest Income$40.87 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Provident Savings Bank, F.S.B., we are a rate comparison website and can not provide official rates or promotions.

Provident Savings Bank, F.S.B. Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.00%--Young Investors of Provident
0.20%$50k-Savings Plus
0.10%--Basic Savings
0.10%--Business Savings Account

Provident Savings Bank, F.S.B. Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$50k-Money Market Plus
0.20%$50k-Money Market Passbook

Provident Savings Bank, F.S.B. Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.35%$100k-Corporate Interest Checking
0.30%$50k-Business Cash Management
0.25%--Community Advantage Checking
0.15%$25k-Gold Advantage
0.15%$25k-Asset Management Account
0.05%$2,500-Value Plus
0.05%$2k-Business Interest Checking

Provident Savings Bank, F.S.B. CD Rates

DetailsAPYMINMAXPRODUCT
1.90%$25k-5 Year CD Plus Special
1.65%$25k-5 Year CD
1.45%$25k-4 Year CD Plus Special
1.20%$25k-4 Year CD
1.10%$50k-36 Month Add-On CD Special
1.00%$25k-3 Year CD Plus Special
0.85%$25k-23 Month CD Special
0.75%$25k-3 Year CD
0.70%$25k-2 Year CD Plus Special
0.60%$25k-17 Month CD Special 2010
0.45%$25k-2 Year CD
0.45%$25k-1 Year CD Plus Special
0.20%$25k-1 Year CD
0.15%$50k-3 Month CD
0.15%$25k-6 Month CD
Locations

Provident Savings Bank, F.S.B. has 15 locations. Click to view all Provident Savings Bank, F.S.B. locations.