3 star ratingAverage User Rating:
3 star rating based on 2 reviews.

Wilshire State Bank

Wilshire State Bank Locations
3200 Wilshire Boulevard
Los Angeles, CA 90010
213-427-7711
www.wilshirebank.com



Wilshire State Bank is headquartered in Los Angeles and is the 22nd largest bank in the state of California. It is also the 262nd largest bank in the nation. It was established in 1980 and as of September of 2011, it had grown to 367 employees at 24 locations. Wilshire State Bank's CD rates are 2X the national average, and it has a 3-star health rating.

Wilshire State Bank Routing Number: 122038251

Related Posts

Update on Wilshire State Bank's Installment Savings Account - 11/22/2011

Wilshire State Bank continues to offer an installment savings account that it calls Rainbow Savings. I last reviewed this account in January, and I'm pleasantly surprised to see the rates have gone up ...

Wilshire State Bank's Installment Savings Account - 1/4/2011

It has been a while since my last report on Wilshire State Bank's Rainbow Savings Account. A reader just mentioned the account in the discussion forum , and I thought it would be a good time for anoth ...

Rainbow (Installment) Savings Account Rate Update (Forum) - 1/3/2011

I was in the Garden Grove branch today, and these were the Rainbow Savings Account rates. $ 100K maximum per customer. In my experience, they enforced a similar restriction on other types of accounts (Flex CD, $ 95K max).  Rates without auto-trans

What Happened to the Add-On Certificates of Deposit? - 7/8/2010

Add-On CDs allow you to make additional deposits during the term of the CD. This has been a nice feature for depositors in the last two years as interest rates have continued to fall. They may have be ...

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See Rates for: Savings | CD

Wilshire State Bank Savings Account Rates

ApyMinMaxProduct
0.85%$500-eLink Savings

Wilshire State Bank CD Rates

ApyMinMaxProduct
2.79%$1k-36 Month Rainbow Savings w/ Automatic Transfer from a WSB Deposit Account
2.53%$1k-36 Month Rainbow Savings w/o Automatic Transfer from a WSB Deposit Account
2.28%$1k-24 Month Rainbow Savings w/ Automatic Transfer from a WSB Deposit Account
2.28%$1k-30 Month Rainbow Savings w/ Automatic Transfer from a WSB Deposit Account
2.02%$1k-12 Month Rainbow Savings w/ Automatic Transfer from a WSB Deposit Account
2.02%$1k-18 Month Rainbow Savings w/ Automatic Transfer from a WSB Deposit Account
2.02%$1k-24 Month Rainbow Savings w/o Automatic Transfer from a WSB Deposit Account
2.02%$1k-30 Month Rainbow Savings w/o Automatic Transfer from a WSB Deposit Account
1.77%$1k-12 Month Rainbow Savings w/o Automatic Transfer from a WSB Deposit Account
1.77%$1k-18 Month Rainbow Savings w/o Automatic Transfer from a WSB Deposit Account
0.85%$1k-365 Day CD
0.65%$1k-180 Day CD
0.30%$1k-90 Day CD
0.25%$1k-30 Day CD

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


Wilshire State Bank
FDIC Certificate #23301
BankRate ReportView
Year Established1980
Employees367
Primary RegulatorFDIC

Assets and Liabilities

Assets$2.68 billion
Loans$2.04 billion
Deposits$2.16 billion
Equity Capital$367.16 million
Loan Loss Allowance$105.31 million
Unbacked Noncurrent Loans$61.91 million
Real Estate Owned$9.28 million

Historic Data - September 2010

Assets$3.23 billion
Equity Capital$336.84 million
Loan Loss Allowance$99.02 million
Unbacked Noncurrent Loans$60.83 million
Real Estate Owned$16.00 million

Profit Margin - Quarterly

Net Interest Margin4.41%
Return on Assets-1.67%
Return on Equity-14.7%
Interest Income$99.62 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio3
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 September 30, 2011 Wilshire State Bank had $71.19 million in non-current loans and owned real-estate with $472.47 million in equity and loan loss allowances on hand to cover it. This gives Wilshire State Bank a Texas Ratio of 15.07% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Wilshire State Bank decreased slightly from 22.60% as of September 30, 2010 to 15.07% as of September 30, 2011, resulting in a positive change of 33.34%.This indicates that the balance sheet and financial strength for Wilshire State Bank has improved slightly in recent periods.
Deposit Growth1
In the past year, Wilshire State Bank has decreased its total deposits by -$558.12 million, resulting in -20.52% 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 State Bank has shown is poor.
Capitalization5
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 State Bank has $2.68 billion in assets with $472.47 million in equity, resulting in a capitalization level of 17.65%, which is excellent.
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Wilshire State Bank
5 stars - sanokha0208 - Tuesday, December 21, 2010 - 3:32 PM

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.

  

4

Has The Bank Failed?
1 stars - MopMan44 - Saturday, October 9, 2010 - 8:34 AM

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.

3