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626-854-2818
3455 Nogales Street, Suite #105
West Covina, CA 91792

Universal Bank is headquartered in West Covina and is the 117st largest bank in the state of California. It is also the 2,083rd largest bank in the nation. It was established in 1954 and as of December of 2013, it had grown to 76 employees at 5 locations. Universal Bank has a B+ health rating.

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B+

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 Universal Bank had $5.72 million in non-current loans and owned real-estate with $49.42 million in equity and loan loss allowances on hand to cover it. This gives Universal Bank a Texas Ratio of 11.58% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Universal Bank decreased dramatically from 37.66% as of December 31, 2012 to 11.58% as of December 31, 2013, resulting in a positive change of 69.24%.This indicates that the balance sheet and financial strength for Universal Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
F

In the past year, Universal Bank has decreased its total deposits by -$45.91 million, resulting in -14.5% 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 Universal Bank has shown is poor.

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. Universal Bank has $313.85 million in assets with $49.42 million in equity, resulting in a capitalization level of 15.75%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #30722
Year Established1954
Employees76
Primary RegulatorOCC
Assets and Liabilities
Assets$313.85 million
Loans$215.02 million
Deposits$270.70 million
Equity Capital$39.61 million
Loan Loss Allowance$9.81 million
Unbacked Noncurrent Loans$4.16 million
Real Estate Owned$1.56 million
Historic Data - December 2012
Assets$358.73 million
Equity Capital$39.30 million
Loan Loss Allowance$9.73 million
Unbacked Noncurrent Loans$4.16 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.51%
Return on Assets0.09%
Return on Equity0.78%
Interest Income$12.33 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Universal Bank, we are a rate comparison website and can not provide official rates or promotions.

Universal Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$100-Young Savers
0.04%$100-ATM Savings

Universal Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$10k$100kMoney Market Savings
0.15%$50k-Money Market Checking

Universal Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.30%$10k$50kBusiness Interest Checking
0.04%$2,500-VIP Checking

Universal Bank CD Rates

DetailsAPYMINMAXPRODUCT
0.60%$100k-2 Year CD
0.60%$1k-3 Year CD
0.45%$100k-60 Day CD
0.45%$50k-1 Year CD
0.40%$100k-30 Day CD
0.35%$100k-180 Day CD
0.30%$100k-90 Day CD

Universal Bank IRA Rates

DetailsAPYMINMAXPRODUCT
0.75%$25k-18 Month IRA
Locations


Universal Bank Locations
Eagle Rock - Colorado Branch2575 Colorado BoulevardLos Angeles, CA 90041
Universal Bank3455 Nogales Street, Suite #105West Covina, CA 91792
Arcadia Branch747 West Duarte RoadArcadia, CA 91007
W Garvey Abenue Branch757 W Garvey AvenueMonterey Park, CA 91754
Rosemead Branch8855 East Valley BoulevardRosemead, CA 91770