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Redding Bank of Commerce

Redding Bank of Commerce Locations
1951 Churn Creek Road
Redding, CA 96002
(530) 224-3333
www.reddingbankofcommerce.com

FDIC

Redding Bank of Commerce is headquartered in Redding and is the 53rd largest bank in the state of California. It is also the 677th largest bank in the nation. It was established in 1982 and as of December of 2012, it had grown to 142 employees at 5 locations. Redding Bank of Commerce has a 3-star health rating.

Related Posts

Redding Bank Of Commerce Change Of Terms Effective 6/1/12 For Several Accounts (Forum) - 5/11/2012

The change in terms involves the balance tiers on which interest is paid and applies to Health Savings accounts, Money Market savings accounts and Professional Choice checking accounts.  The information was in an Email received this evening.&nbs

Competitive Long-Term CD Rates at Redding Bank of Commerce in Northern California - Local Only - 11/11/2010

Redding Bank of Commerce is offering some competitive 3-year CD rates. They include a 2.27% APY for a $100K minimum and 2.17% APY for a $10K minimum (2.12% in Roseville). There's also a special 3-year ...

$100 Savings Account Bonus and High-Yield Checking at Redding Bank of Commerce in Northern California - Local Only - 11/11/2010

Redding Bank of Commerce is listing a $100 bonus for opening any new savings account with a minimum $100 deposit. This is listed in the bank's promotions page which is linked from the bank's home page ...


Data for Q4 2012


Institution Statistics


Redding Bank of Commerce
FDIC Certificate #24074
BankRate ReportView
Year Established1982
Employees142
Primary RegulatorFDIC

Assets and Liabilities

Assets$975.28 million
Loans$653.26 million
Deposits$702.71 million
Equity Capital$120.71 million
Loan Loss Allowance$11.10 million
Unbacked Noncurrent Loans$38.57 million
Real Estate Owned$3.06 million

Historic Data - December 2011

Assets$922.95 million
Equity Capital$118.71 million
Loan Loss Allowance$10.62 million
Unbacked Noncurrent Loans$21.51 million
Real Estate Owned$3.73 million

Profit Margin - Quarterly

Net Interest Margin4.02%
Return on Assets0.93%
Return on Equity7.3%
Interest Income$40.37 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio2
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 Redding Bank of Commerce had $41.63 million in non-current loans and owned real-estate with $131.82 million in equity and loan loss allowances on hand to cover it. This gives Redding Bank of Commerce a Texas Ratio of 31.58% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for Redding Bank of Commerce increased slightly from 19.52% as of December 31, 2011 to 31.58% as of December 31, 2012, resulting in a negative change of 61.81%. This indicates that the balance sheet and financial strength for Redding Bank of Commerce has declined slightly in recent periods.
Deposit Growth4
In the past year, Redding Bank of Commerce has increased its total deposits by $31.1 million, resulting in 4.63% 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 Redding Bank of Commerce has shown is above average.
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. Redding Bank of Commerce has $975.28 million in assets with $131.82 million in equity, resulting in a capitalization level of 13.52%, which is excellent.
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Redding Bank Of Commerce
4 stars - pearlbrown - Tuesday, November 23, 2010 - 10:12 PM

I do business with this bank and have been pleased with their customer service. 

2
 
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