TSC Ratings provides exclusive stock, ETF and mutual fund ratings and commentary based on award-winning, proprietary tools. Its “safety first” approach to investing aims to reduce risk while seeking solid out performance on a total return basis.
California ranks second to Georgia for the largest number of bank and thrift failures during the current economic crisis, with regulators shutting down eight institutions since the beginning of 2008.
While Georgia has had more bank failures, California has been the costliest state for the Federal Deposit Insurance Corp., accounting for $13.6 billion of the $19.5 billion of costs incurred by its insurance fund as of Feb. 27.
Strongest California banks and thrifts: As bad economic news piles up and the banking industry increases its overall exposure to problem assets, it’s easy to forget that strong banks and thrifts still exist. Based on year-end financial reports, 28 of California’s 317 banks and thrifts were rated B-plus or better, grades considered “good” or “excellent.”
California Banks and S&Ls Rated B+ or Higher – Dec. 31, 2008 ($Mil)
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California Banks and S&Ls Rated B+ or Higher – Dec. 31, 2008 ($Mil)
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| |
City |
Total Assets |
Tier 1 Leverage Ratio |
Total Risk-based Capital Ratio |
% NPA |
Net Income |
ROA |
ROE |
Net Charge-offs/ Avg. Loans |
LLR/ TL |
Nonperf. Loans & Securities/ Core Capital & LLR |
TheStreet Rating |
| First Security Thrift Co. |
Orange |
$316 |
11.02 |
15.55 |
0.00 |
$2.2 |
1.15 |
7.94 |
0.00 |
1.04 |
0.00 |
A+ |
| California First National Bank |
Irvine |
$284 |
16.63 |
17.31 |
0.06 |
$2.5 |
1.12 |
6.12 |
0.08 |
1.01 |
0.37 |
A |
| CommerceWest Bank, NA |
Newport Beach |
$256 |
14.35 |
18.65 |
0.17 |
$2.1 |
0.85 |
6.33 |
1.34 |
1.49 |
1.20 |
A |
| Bank of Willits |
Willits |
$125 |
15.82 |
23.91 |
0.25 |
$0.3 |
0.24 |
1.51 |
0.02 |
1.92 |
1.50 |
A |
| Silicon Valley Bank |
Santa Clara |
$9,472 |
9.20 |
13.79 |
0.93 |
$121.1 |
1.67 |
18.93 |
0.85 |
1.96 |
10.77 |
A- |
| Farmers & Merchants Bank |
Long Beach |
$3,637 |
15.22 |
26.04 |
2.60 |
$29.7 |
0.87 |
4.91 |
1.48 |
2.69 |
15.65 |
A- |
| Farmers & Merch Bank Ctrl. Calif. |
Lodi |
$1,685 |
9.76 |
12.61 |
0.60 |
$23.9 |
1.49 |
15.30 |
0.56 |
1.70 |
2.91 |
A- |
| Provident Savings Bank, FSB |
Riverside |
$1,551 |
7.25 |
12.88 |
3.67 |
-$6.0 |
-0.37 |
-5.07 |
1.90 |
1.28 |
35.42 |
A- |
| State Bank of India (Calif) |
Los Angeles |
$769 |
12.05 |
17.70 |
0.00 |
$5.6 |
0.90 |
8.86 |
-0.01 |
1.06 |
0.00 |
A- |
| Mission Bank |
Bakersfield |
$185 |
10.82 |
13.98 |
0.05 |
$2.8 |
1.65 |
14.76 |
0.36 |
1.20 |
0.47 |
A- |
| California Pacific Bank |
San Francisco |
$83 |
25.13 |
38.21 |
4.85 |
$1.6 |
1.85 |
7.29 |
-0.68 |
5.92 |
15.90 |
A- |
| Citizens Business Bank |
Ontario |
$6,648 |
9.65 |
15.19 |
0.36 |
$68.2 |
1.07 |
12.14 |
0.16 |
1.44 |
2.62 |
B+ |
| Community Bank |
Pasadena |
$2,498 |
9.24 |
11.97 |
1.08 |
$16.8 |
0.74 |
7.38 |
0.33 |
1.24 |
6.00 |
B+ |
| Wilshire State Bank |
Los Angeles |
$2,447 |
10.24 |
13.59 |
0.75 |
$29.8 |
1.28 |
12.31 |
0.26 |
1.41 |
5.62 |
B+ |
| Tri Counties Bank |
Chico |
$2,042 |
11.07 |
12.41 |
1.41 |
$18.6 |
0.93 |
8.08 |
0.69 |
1.73 |
11.17 |
B+ |
| El Dorado Savings Bank, FSB |
Placerville |
$1,618 |
9.09 |
30.88 |
0.07 |
$9.5 |
0.60 |
5.91 |
0.00 |
0.81 |
0.76 |
B+ |
| Los Padres Bank |
Solvang |
$1,187 |
7.34 |
10.31 |
1.64 |
-$8.5 |
-0.70 |
-12.11 |
1.34 |
0.85 |
12.65 |
B+ |
| First American Trust, FSB |
Santa Ana |
$1,162 |
6.88 |
23.71 |
0.00 |
$9.8 |
0.87 |
18.11 |
N/A |
N/A |
0.00 |
B+ |
| Bank of Marin |
Corte Madera |
$1,050 |
12.27 |
13.95 |
0.64 |
$12.5 |
1.29 |
13.13 |
0.33 |
1.12 |
5.00 |
B+ |
| Savings Bank of Mendocino County |
Ukiah |
$738 |
14.46 |
19.85 |
2.15 |
-$2.6 |
-0.35 |
-2.36 |
1.89 |
1.95 |
13.13 |
B+ |
| Commercial Bank of California |
Costa Mesa |
$230 |
14.06 |
16.07 |
1.13 |
-$3.2 |
-1.41 |
-9.02 |
3.48 |
2.92 |
0.00 |
B+ |
| Los Angeles National Bank |
Buena Park |
$216 |
12.04 |
15.51 |
0.94 |
-$1.2 |
-0.59 |
-4.72 |
0.00 |
1.20 |
3.44 |
B+ |
| Bank of Rio Vista |
Rio Vista |
$166 |
14.22 |
17.22 |
1.24 |
$1.2 |
0.75 |
5.54 |
0.33 |
1.64 |
7.93 |
B+ |
| County Commerce Bank |
Ventura |
$126 |
9.56 |
13.78 |
0.00 |
$0.9 |
0.74 |
7.72 |
0.00 |
1.51 |
0.00 |
B+ |
| San Diego Trust Bank |
San Diego |
$112 |
14.60 |
18.26 |
0.84 |
$0.5 |
0.48 |
3.45 |
0.00 |
1.45 |
0.00 |
B+ |
| Merchants Bank of California, NA |
Carson |
$87 |
15.09 |
20.80 |
1.58 |
$0.9 |
1.08 |
7.16 |
1.05 |
1.51 |
4.43 |
B+ |
| Chino Commercial Bank, NA |
Chino |
$83 |
11.38 |
16.09 |
1.28 |
$0.5 |
0.70 |
6.11 |
0.96 |
1.41 |
4.25 |
B+ |
| Bank of Whittier, NA |
Whittier |
$44 |
15.65 |
22.79 |
0.00 |
$0.2 |
0.50 |
3.19 |
0.00 |
2.29 |
0.00 |
B+ |
Note: Net income and charge-off figures are for full-year 2008
Nonperforming Loans – Loans past due 90 days or more, less government-guaranteed balances.
NPA – Nonperforming Assets – NPL, securities and repossessed real estate.
ROA – Return on Average Assets.
ROE – Return on Average Equity.
Data Source: Regulator filings via Highline Financial.
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