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Overview / Commentary
15606 Brookhurst Avenue, Suite C
Westminster, CA 92683

Saigon National Bank is headquartered in Westminster and is the 211st largest bank in the state of California. It is also the 5,924th largest bank in the nation. It was established in 2005 and as of June of 2014, it had grown to 17 employees at 1 location. Saigon National Bank has a C+ health rating.

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Data for Q2 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Saigon National Bank has a low asset base.

Texas Ratio


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 Saigon National Bank had $1.72 million in non-current loans and owned real-estate with $14.45 million in equity and loan loss allowances on hand to cover it. This gives Saigon National Bank a Texas Ratio of 11.91% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Saigon National Bank decreased dramatically from 44.90% as of June 30, 2013 to 11.91% as of June 30, 2014, resulting in a positive change of 73.49%.This indicates that the balance sheet and financial strength for Saigon National Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Saigon National Bank has decreased its total deposits by -$6.61 million, resulting in -16.47% 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 Saigon National Bank has shown is poor.



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. Saigon National Bank has $48.91 million in assets with $14.45 million in equity, resulting in a capitalization level of 29.54%, which is excellent.

Institution Statistics

FDIC Certificate #57974
Year Established2005
Primary RegulatorOCC
Assets and Liabilities
Assets$48.91 million
Loans$26.27 million
Deposits$33.51 million
Equity Capital$12.25 million
Loan Loss Allowance$2.20 million
Unbacked Noncurrent Loans$1.13 million
Real Estate Owned$589,000
Historic Data - June 2013
Assets$51.21 million
Equity Capital$7.96 million
Loan Loss Allowance$1.87 million
Unbacked Noncurrent Loans$1.13 million
Real Estate Owned$3.80 million
Profit Margin - Quarterly
Return on Assets-2.12%
Return on Equity-9.22%
Interest Income$917,000

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Saigon National Bank Locations
Saigon National Bank15606 Brookhurst St, Suite CWestminster, CA 92683