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Overview / Commentary
3403 Tenth Street, Suite 100
Riverside, CA 92501

Security Bank of California is headquartered in Riverside and is the 74th largest bank in the state of California. It is also the 1,161st largest bank in the nation. It was established in 2005 and as of March of 2014, it had grown to 86 employees at 4 locations. Security Bank of California has a A health rating.

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Health

Data for Q1 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 March 31, 2014 Security Bank of California had $2.47 million in non-current loans and owned real-estate with $58.8 million in equity and loan loss allowances on hand to cover it. This gives Security Bank of California a Texas Ratio of 4.21% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Security Bank of California experienced no significant changes from 3.34% as of March 31, 2013 to 4.21% as of March 31, 2014, resulting in a negative change of 26.01%. This indicates that the balance sheet and financial strength for Security Bank of California has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Security Bank of California has increased its total deposits by $47.84 million, resulting in 11.45% 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 Security Bank of California 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. Security Bank of California has $573.41 million in assets with $58.8 million in equity, resulting in a capitalization level of 10.25%, which is above average.

Institution Statistics

Overall
FDIC Certificate #57964
Year Established2005
Employees86
Primary RegulatorFDIC
Assets and Liabilities
Assets$573.41 million
Loans$380.45 million
Deposits$465.56 million
Equity Capital$52.74 million
Loan Loss Allowance$6.06 million
Unbacked Noncurrent Loans$2.47 million
Real Estate Owned$0
Historic Data - March 2013
Assets$488.45 million
Equity Capital$52.82 million
Loan Loss Allowance$6.00 million
Unbacked Noncurrent Loans$2.47 million
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.71%
Return on Equity7.72%
Interest Income$5.33 million
Rates

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Locations


Security Bank of California Locations
Orange Branch1249 East Katella AvenueOrange, CA 92867
Redlands Branch201 E. State Street, Suite 100Redlands, CA 92373
San Bernardino Branch306 West Second Street, Suite 100San Bernardino, CA 92401
Security Bank Of California3403 Tenth Street, Suite 100Riverside, CA 92501