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TomatoBank, National Association

TomatoBank, National Association
Overview / Commentary
626-759-9200
1420 East Valley Boulevard
Alhambra, CA 91801

TomatoBank, National Association is headquartered in Alhambra and is the 100th largest bank in the state of California. It is also the 1,627th largest bank in the nation. It was established in 2000 and as of March of 2014, it had grown to 62 employees at 6 locations. TomatoBank, National Association has a B+ health rating.

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
B

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 TomatoBank, National Association had $14.84 million in non-current loans and owned real-estate with $77.64 million in equity and loan loss allowances on hand to cover it. This gives TomatoBank, National Association a Texas Ratio of 19.11% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for TomatoBank, National Association decreased slightly from 23.51% as of March 31, 2013 to 19.11% as of March 31, 2014, resulting in a positive change of 18.70%.This indicates that the balance sheet and financial strength for TomatoBank, National Association has improved slightly in recent periods.

Deposit Growth

GRADE:
C

In the past year, TomatoBank, National Association has decreased its total deposits by -$6.03 million, resulting in -1.76% 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 TomatoBank, National Association has shown is average.

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. TomatoBank, National Association has $411.79 million in assets with $77.64 million in equity, resulting in a capitalization level of 18.85%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #35474
Year Established2000
Employees62
Primary RegulatorOCC
Assets and Liabilities
Assets$411.79 million
Loans$333.42 million
Deposits$337.55 million
Equity Capital$68.53 million
Loan Loss Allowance$9.11 million
Unbacked Noncurrent Loans$13.64 million
Real Estate Owned$1.20 million
Historic Data - March 2013
Assets$406.51 million
Equity Capital$62.10 million
Loan Loss Allowance$9.32 million
Unbacked Noncurrent Loans$13.64 million
Real Estate Owned$4.92 million
Profit Margin - Quarterly
Net Interest Margin3.5%
Return on Assets1.16%
Return on Equity6.98%
Interest Income$3.92 million
Rates

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Locations


TomatoBank, National Association Locations
Cerritos Branch11304 1/2 South StreetCerritos, CA 90703
Diamond Bar Branch1241 Grand Avenue, Suite KDiamond Bar, CA 91765
Tomatobank, National Association1420 East Valley BoulevardAlhambra, CA 91801
City Of Industry Branch18605 E Gale Ave Suite #100City Of Industry, CA 91748
West LA Branch2105 Sawtelle Blvd.Los Angeles, CA 90025
Arcadia Branch901 South Baldwin AvenueArcadia, CA 91007