Institution Statistics
| South County Bank, National Association | | FDIC Certificate # | 35069 | | BankRate Report | View | | Year Established | 1999 | | Employees | 36 | | Primary Regulator | OCC |
Assets and Liabilities | | Assets | $158.90 million | | Loans | $73.61 million | | Deposits | $148.25 million | | Equity Capital | $9.97 million | | Loan Loss Allowance | $3.63 million | | Unbacked Noncurrent Loans | $7.33 million | | Real Estate Owned | $1.02 million |
Historic Data - March 2011 | | Assets | $170.49 million | | Equity Capital | $9.54 million | | Loan Loss Allowance | $4.16 million | | Unbacked Noncurrent Loans | $10.61 million | | Real Estate Owned | $1.22 million |
Profit Margin - Quarterly | | Net Interest Margin | 3.62% | | Return on Assets | 0.51% | | Return on Equity | 7.83% | | Interest Income | $1.44 million |
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Institution Health
Overall Score:
2 out of 5 
| Texas Ratio |  | | 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 March 31, 2012 South County Bank, National Association had $8.34 million in non-current loans and owned real-estate with $13.6 million in equity and loan loss allowances on hand to cover it. This gives South County Bank, National Association a Texas Ratio of 61.35% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend |  | | The Texas Ratio for South County Bank, National Association decreased slightly from 84.25% as of March 31, 2011 to 61.35% as of March 31, 2012, resulting in a positive change of 27.18%.This indicates that the balance sheet and financial strength for South County Bank, National Association has improved slightly in recent periods. | | Deposit Growth |  | | In the past year, South County Bank, National Association has decreased its total deposits by -$9.76 million, resulting in -6.18% 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 South County Bank, National Association has shown is poor. | | Capitalization |  | | 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. South County Bank, National Association has $158.9 million in assets with $13.6 million in equity, resulting in a capitalization level of 8.56%, which is average. |
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Average User Rating:
Do NOT Do Business With South County Bank!!!
It is no wonder that South County Bank is the "178th Largest" bank in California --- out of...hmmm...let's see...maybe 180 banks???
Seriously, from my experience, South County Bank is probably one of the worst run financial institutions I've ever encountered. I was talked into opening an account with SCB by several of my friends who had their own accounts there. I won't go into details, but suffice it to say that ALL of us have now CANCELLED our accounts and are warning all of our friends and associates not to EVER do business with South County Bank.