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Overview / Commentary
707-444-9800
402 G Street
Eureka, CA 95501

Redwood Capital Bank is headquartered in Eureka and is the 122nd largest bank in the state of California. It is also the 2,451st largest bank in the nation. It was established in 2004 and as of June of 2014, it had grown to 54 employees at 2 locations. Redwood Capital Bank has a A+ health rating.

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Health

Data for Q2 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 June 30, 2014 Redwood Capital Bank had $1.26 million in non-current loans and owned real-estate with $28.64 million in equity and loan loss allowances on hand to cover it. This gives Redwood Capital Bank a Texas Ratio of 4.39% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Redwood Capital Bank decreased dramatically from 10.10% as of June 30, 2013 to 4.39% as of June 30, 2014, resulting in a positive change of 56.52%.This indicates that the balance sheet and financial strength for Redwood Capital Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Redwood Capital Bank has increased its total deposits by $12.67 million, resulting in 5.7% 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 Redwood Capital Bank has shown is excellent.

Capitalization

GRADE:
B+

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. Redwood Capital Bank has $261.89 million in assets with $28.64 million in equity, resulting in a capitalization level of 10.94%, which is above average.

Institution Statistics

Overall
FDIC Certificate #57610
Year Established2004
Employees54
Primary RegulatorFDIC
Assets and Liabilities
Assets$261.89 million
Loans$185.04 million
Deposits$234.92 million
Equity Capital$25.68 million
Loan Loss Allowance$2.96 million
Unbacked Noncurrent Loans$1.06 million
Real Estate Owned$203,000
Historic Data - June 2013
Assets$247.31 million
Equity Capital$23.94 million
Loan Loss Allowance$2.70 million
Unbacked Noncurrent Loans$1.06 million
Real Estate Owned$1.08 million
Profit Margin - Quarterly
Return on Assets0.87%
Return on Equity8.98%
Interest Income$5.03 million
Rates

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Redwood Capital Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$500k-IRA Savings
0.25%$500k-Health Savings Account
0.02%$100-Basic Savings
0.02%$100-Business Basic Savings
0.02%--Student Savings

Redwood Capital Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.17%$500k-Money Market Savings
0.17%$500k-Business Money Market Savings
0.12%$100k-Evergreen Money Market
0.12%$100k-Business Evergreen Money Market

Redwood Capital Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$50k-Platinum Plus Checking
0.03%$2,500-Business Interest Checking
0.02%$1k-Capital Checking
0.01%$1,500-Gold Checking

Redwood Capital Bank CD Rates

DetailsAPYMINMAXPRODUCT
0.75%$2,500-36-59 Month CD
0.40%$25k-24-35 Month CD
0.35%$50k-12-23 Month CD
0.20%$25k-180-364 Day CD
0.15%$25k-90-179 Day CD
0.12%$25k-30-59 Day CD
0.12%$25k-60-89 Day CD

Redwood Capital Bank IRA Rates

DetailsAPYMINMAXPRODUCT
0.75%$2,500-36-59 Month IRA
0.40%$25k-24-35 Month IRA
0.35%$50k-12-23 Month IRA
0.20%$25k-180-364 Day IRA
0.15%$25k-90-179 Day IRA
0.12%$25k-30-59 Day IRA
0.12%$25k-60-89 Day IRA
Locations


Redwood Capital Bank Locations
Fortuna Branch1075 South Fortuna BoulevardFortuna, CA 95540
Redwood Capital Bank402 G StreetEureka, CA 95501