Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
213-427-7711
3200 Wilshire Boulevard
Los Angeles, CA 90010

Wilshire Bank is headquartered in Los Angeles and is the 20th largest bank in the state of California. It is also the 219st largest bank in the nation. It was established in 1980 and as of December of 2013, it had grown to 545 employees at 39 locations. Wilshire Bank's savings rates are 4X the national average, and it boasts a A+ health rating.

Related Posts



Reviews (2)

Wilshire State Bank

Recently I opened an account with Wilshire State Bank, located at 150-24 Northern Blvd Flushing. The staff was so kind and professional and I got the service to them as VIP and I recommend to use Wilshire State Bank. It's different then other bank.

  

Has The Bank Failed?

Went to the Bayside, NY branch of Wilshire State Bank on Sat. 10/9.  They were closed.  Called the Flushing, NY branch.  No one answered.  No signs on door giving any reason why Bayside branch was closed.  I know some branches close for Columbus Day, but that is Monday, and no sign for that either. I am calling California branches later to see if they are open.  Anybody know anything?  Hope they didn't fail/go out of business.



Health

Data for Q4 2013

Institution Health

A+

Texas Ratio

GRADE:
A+

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 Wilshire Bank had $38.19 million in non-current loans and owned real-estate with $532.06 million in equity and loan loss allowances on hand to cover it. This gives Wilshire Bank a Texas Ratio of 7.18% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Wilshire Bank experienced no significant changes from 5.75% as of December 31, 2012 to 7.18% as of December 31, 2013, resulting in a negative change of 24.82%. This indicates that the balance sheet and financial strength for Wilshire Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Wilshire Bank has increased its total deposits by $731.72 million, resulting in 33.57% 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 Wilshire 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. Wilshire Bank has $3.62 billion in assets with $532.06 million in equity, resulting in a capitalization level of 14.70%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #23301
Year Established1980
Employees545
Primary RegulatorFDIC
Assets and Liabilities
Assets$3.62 billion
Loans$2.84 billion
Deposits$2.91 billion
Equity Capital$478.50 million
Loan Loss Allowance$53.56 million
Unbacked Noncurrent Loans$30.59 million
Real Estate Owned$7.60 million
Historic Data - December 2012
Assets$2.75 billion
Equity Capital$391.94 million
Loan Loss Allowance$63.29 million
Unbacked Noncurrent Loans$30.59 million
Real Estate Owned$829,000
Profit Margin - Quarterly
Net Interest Margin4.15%
Return on Assets1.63%
Return on Equity11.87%
Interest Income$124.33 million
Rates
Skip to rates for:

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

Wilshire Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
2.28%$1k-36 Month Rainbow Savings w/ Automatic Transfer from a WSB Deposit Account
2.02%$1k-36 Month Rainbow Savings w/o Automatic Transfer from a WSB Deposit Account
1.77%$1k-24 Month Rainbow Savings w/ Automatic Transfer from a WSB Deposit Account
1.77%$1k-30 Month Rainbow Savings w/ Automatic Transfer from a WSB Deposit Account
1.51%$1k-12 Month Rainbow Savings w/ Automatic Transfer from a WSB Deposit Account
1.51%$1k-18 Month Rainbow Savings w/ Automatic Transfer from a WSB Deposit Account
1.51%$1k-24 Month Rainbow Savings w/o Automatic Transfer from a WSB Deposit Account
1.51%$1k-30 Month Rainbow Savings w/o Automatic Transfer from a WSB Deposit Account
1.26%$1k-12 Month Rainbow Savings w/o Automatic Transfer from a WSB Deposit Account
1.26%$1k-18 Month Rainbow Savings w/o Automatic Transfer from a WSB Deposit Account
0.60%$500-eLink Savings

Wilshire Bank CD Rates

DetailsAPYMINMAXPRODUCT
0.80%$1k-365 Day CD
0.60%$1k-180 Day CD
0.25%$1k-90 Day CD
0.20%$1k-30 Day CD
Locations

Wilshire Bank has 25 locations. Click to view all Wilshire Bank locations.