State Bank of India (California)
State Bank of India (California) is headquartered in Los Angeles and is the 65th largest bank in the state of California. It is also the 926th largest bank in the nation. It was established in 1982 and as of December of 2013, it had grown to 140 employees at 11 locations. State Bank of India (California) has a B+ health rating.
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Antiquated Service, Inadequate Software.
Would have to say that they have the worst customer service of the 25 or so banks I have dealt with. Their procedures are like something out of the 19th centrury.
1. They do not have the ability to transfer funds between branches. When we wanted to move an expiring CD to a branch closer to us, we had to go to the old bank, and get a PAPER check, in order to open the CD at the closer branch.
2. The staff at the old branch gave us a very hard time because we wanted to move our funds to a more convenient location.
3. We had to fill out another form, in order to get our funds- never experienced this anywhere else,ever.
4. It took them 45 minutes to issue 2 bank checks. This procedure usually takes 5 minutes, at any other bank.
This type of antiquated service may be normal in India, guaranteeing full employment to numerous clerks, but it is like stepping back in time to the days of Charles Dickens and Ebaneezer Scrooge.
Data for Q4 2013
Institution Health
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 December 31, 2013 State Bank of India (California) had $19.11 million in non-current loans and owned real-estate with $138.24 million in equity and loan loss allowances on hand to cover it. This gives State Bank of India (California) a Texas Ratio of 13.82% 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 State Bank of India (California) decreased dramatically from 20.31% as of December 31, 2012 to 13.82% as of December 31, 2013, resulting in a positive change of 31.94%.This indicates that the balance sheet and financial strength for State Bank of India (California) has improved dramatically in recent periods.
Deposit Growth
In the past year, State Bank of India (California) has decreased its total deposits by -$59.37 million, resulting in -9.57% 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 State Bank of India (California) has shown is below average.
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. State Bank of India (California) has $726.55 million in assets with $138.24 million in equity, resulting in a capitalization level of 19.03%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 23998 |
| Year Established | 1982 |
| Employees | 140 |
| Primary Regulator | FDIC |
| Assets and Liabilities | |
|---|---|
| Assets | $726.55 million |
| Loans | $406.34 million |
| Deposits | $560.85 million |
| Equity Capital | $122.94 million |
| Loan Loss Allowance | $15.31 million |
| Unbacked Noncurrent Loans | $9.53 million |
| Real Estate Owned | $9.58 million |
| Historic Data - December 2012 | |
|---|---|
| Assets | $786.90 million |
| Equity Capital | $122.63 million |
| Loan Loss Allowance | $13.26 million |
| Unbacked Noncurrent Loans | $9.53 million |
| Real Estate Owned | $8.73 million |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 3.01% |
| Return on Assets | 0.18% |
| Return on Equity | 1.11% |
| Interest Income | $28.05 million |
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State Bank of India (California) has 11 locations. Click to view all State Bank of India (California) locations.