Redwood Capital Bank

Redwood Capital Bank Locations
402 G Street
Eureka, CA 95501
707-444-9800
www.redwoodcapitalbank.com

FDIC

Redwood Capital Bank is headquartered in Eureka and is the 132nd largest bank in the state of California. It is also the 2,654th largest bank in the nation. It was established in 2004 and as of December of 2012, it had grown to 47 employees at 2 locations. Redwood Capital Bank has a 4-star health rating.

Redwood Capital Bank Routing Number: 121143752



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See Rates for: Checking | Savings | Money Market | CD | IRA

Redwood Capital Bank Checking Account Rates

ApyMinMaxProduct
0.15%$50k-Platinum Plus Checking
0.05%$1k-Capital Checking
0.05%$2,500-Business Interest Checking
0.03%$1,500-Gold Checking

Redwood Capital Bank Savings Account Rates

ApyMinMaxProduct
0.30%$500k-Health Savings Account
0.22%$500k-IRA Savings
0.05%$100-Basic Savings
0.05%$100-Business Basic Savings
0.05%--Student Savings

Redwood Capital Bank Money Market Rates

ApyMinMaxProduct
0.22%$500k-Money Market Savings
0.22%$500k-Business Money Market Savings
0.20%$100k-Evergreen Money Market
0.20%$100k-Business Evergreen Money Market

Redwood Capital Bank CD Rates

ApyMinMaxProduct
0.75%$25k-36-59 Month CD
0.35%$2,500-24-35 Month CD
0.25%$2,500-12-23 Month CD
0.20%$2,500-180-364 Day CD
0.12%$2,500-90-179 Day CD
0.10%$2,500-30-59 Day CD
0.10%$2,500-60-89 Day CD

Redwood Capital Bank IRA Rates

ApyMinMaxProduct
0.75%$25k-36-59 Month IRA
0.35%$2,500-24-35 Month IRA
0.25%$2,500-12-23 Month IRA
0.20%$2,500-180-364 Day IRA
0.12%$2,500-90-179 Day IRA
0.10%$2,500-30-59 Day IRA
0.10%$2,500-60-89 Day IRA

Rates updated: 5/18/2013

Data for Q4 2012


Institution Statistics


Redwood Capital Bank
FDIC Certificate #57610
BankRate ReportView
Year Established2004
Employees47
Primary RegulatorFDIC

Assets and Liabilities

Assets$241.54 million
Loans$155.92 million
Deposits$215.13 million
Equity Capital$24.36 million
Loan Loss Allowance$2.79 million
Unbacked Noncurrent Loans$2.89 million
Real Estate Owned$366,000

Historic Data - December 2011

Assets$241.50 million
Equity Capital$23.39 million
Loan Loss Allowance$3.02 million
Unbacked Noncurrent Loans$848,000
Real Estate Owned$523,000

Profit Margin - Quarterly

Net Interest Margin4.01%
Return on Assets0.65%
Return on Equity6.5%
Interest Income$9.59 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
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 Redwood Capital Bank had $3.26 million in non-current loans and owned real-estate with $27.15 million in equity and loan loss allowances on hand to cover it. This gives Redwood Capital Bank a Texas Ratio of 12.01% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for Redwood Capital Bank increased slightly from 5.19% as of December 31, 2011 to 12.01% as of December 31, 2012, resulting in a negative change of 131.29%. This indicates that the balance sheet and financial strength for Redwood Capital Bank has declined slightly in recent periods.
Deposit Growth3
In the past year, Redwood Capital Bank has decreased its total deposits by -$1.77 million, resulting in -0.81% 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 average.
Capitalization4
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 $241.54 million in assets with $27.15 million in equity, resulting in a capitalization level of 11.24%, which is above average.
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