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Overview / Commentary
559-802-1000
400 West Center Avenue
Visalia, CA 93291

Suncrest Bank is headquartered in Visalia and is the 168th largest bank in the state of California. It is also the 3,682nd largest bank in the nation. It was established in 2008 and as of March of 2014, it had grown to 32 employees at 2 locations. Suncrest Bank 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 Suncrest Bank had $409,000 in non-current loans and owned real-estate with $17.86 million in equity and loan loss allowances on hand to cover it. This gives Suncrest Bank a Texas Ratio of 2.29% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Suncrest Bank decreased dramatically from 9.48% as of March 31, 2013 to 2.29% as of March 31, 2014, resulting in a positive change of 75.83%.This indicates that the balance sheet and financial strength for Suncrest Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Suncrest Bank has increased its total deposits by $49.42 million, resulting in 57.29% 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 Suncrest Bank has shown is excellent.

Capitalization

GRADE:
A

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. Suncrest Bank has $152.36 million in assets with $17.86 million in equity, resulting in a capitalization level of 11.72%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #58728
Year Established2008
Employees32
Primary RegulatorFDIC
Assets and Liabilities
Assets$152.36 million
Loans$96.00 million
Deposits$135.67 million
Equity Capital$16.41 million
Loan Loss Allowance$1.45 million
Unbacked Noncurrent Loans$409,000
Real Estate Owned$0
Historic Data - March 2013
Assets$99.94 million
Equity Capital$13.34 million
Loan Loss Allowance$1.39 million
Unbacked Noncurrent Loans$409,000
Real Estate Owned$252,000
Profit Margin - Quarterly
Net Interest Margin3.89%
Return on Assets0.12%
Return on Equity1.03%
Interest Income$1.40 million
Rates

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Locations


Suncrest Bank Locations
Suncrest Bank400 West Center AvenueVisalia, CA 93291
Porterville Branch65 West Olive AvenuePorterville, CA 93257