1st Pacific Bank of California

9333 Genesee Ave., Suite 100
San Diego, CA 92121

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 35517
Date Established 2000
Assets $0.36 billion
Loans $0.31 billion
Deposits $0.30 billion
Capital $0.01 billion

1st Pacific Bank of California is an FDIC insured institution located in San Diego, CA. It was founded in 2000 and has approximately $0.34 billion in assets.

1st Pacific Bank of California, San Diego, California, was closed May 7, 2010 by the California Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with City National Bank, Los Angeles, California, to assume all of the deposits of 1st Pacific Bank of California.

For a more detailed analysis of 1st Pacific Bank of California's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in 1st Pacific Bank of California’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, 1st Pacific Bank of California’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Deposit Rates - December 17, 2018

Your Current Location: Virginia, VA 20146

There are currently no rates available for 1st Pacific Bank Of California, but see these great savings and CD rates:

Advertiser Disclosure

Loan Rates - December 17, 2018

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for 1st Pacific Bank of California

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2018

Lender APR Rate (%) Points Fees Monthly
Payment
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First Internet Bank
NMLS ID: 424182
4.634% 4.625% 0.13 $250 $1,286 Learn More
HSBC Bank USA N.A.
NMLS ID: 399799
4.806% 4.750% 0.13 $1,736 $1,305 Learn More
Ally Bank
NMLS ID: 181005
4.782% 4.750% 0.00 $1,009 $1,305 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More

Note to 1st Pacific Bank of California
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Branches

1st Pacific Bank of California branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


1st Pacific Bank of California Locations

Financial Details

1st Pacific Bank of California Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of 1st Pacific Bank of California. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
1st Pacific Bank of California U.S. Bank Average
80.93% 7.92%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2018, 1st Pacific Bank of California had $16,794,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $12,632,000 in equity and $8,119,000 in loans loss reserves. That gives it a Texas Ratio of 80.93%.

Return on Equity
1st Pacific Bank of California U.S. Bank Average
-73.55% 9.77%

1st Pacific Bank of California has a Return on Equity of -73.55% versus the BestCashCow average of 9.77%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
1st Pacific Bank of California U.S. Bank Average
3.5% 12.31%

1st Pacific Bank of California has a Capitalization of 3.5% versus the BestCashCow average of 12.31. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

1st Pacific Bank of California Balance Sheet Analysis

As of November 30, -0001, 1st Pacific Bank of California had assets of $335,798,000, loans of $305,407,000, and deposits of $303,712,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2018
ASSETS
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.00 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.31 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.00 billion
LIABILITIES
Total deposits $0.30 billion
      Interest-bearing deposits $0.00 billion
      Deposits held in domestic offices $0.00 billion
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.00 billion
      Shareholders’ Equity $0.36 billion

Summary Income Statement

June 30, 2018
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About 1st Pacific Bank Of California

Branches and Savings

Is 1st Pacific Bank Of California FDIC insured?

Yes. It is covered under FDIC Certificate #35517.

Why does 1st Pacific Bank Of California pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are 1st Pacific Bank Of California CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is 1st Pacific Bank Of California a commercial bank?

Yes

Where are 1st Pacific Bank Of California locations?

See branch locations nearby.

Is 1st Pacific Bank Of California open on Saturdays?

Is 1st Pacific Bank Of California open on Sundays?

What time does 1st Pacific Bank Of California open?

What time does 1st Pacific Bank Of California close?

Are 1st Pacific Bank Of California ATMs Open 24/7?

Do 1st Pacific Bank Of California ATMs accept cash deposits?

Can 1st Pacific Bank Of California customers use other ATMs?

Do 1st Pacific Bank Of California branches have notaries?

Will 1st Pacific Bank Of California notarize my document?

What address for 1st Pacific Bank Of California should I put for incoming ACH transfers?

Will the 1st Pacific Bank Of California branch print checks?

Do 1st Pacific Bank Of California checks expire?

Does 1st Pacific Bank Of California require US citizenship to open account?

Can 1st Pacific Bank Of California close my account?

Does 1st Pacific Bank Of California Report to credit bureaus?

Does 1st Pacific Bank Of California Use Equifax?

What is 1st Pacific Bank Of California's ACH Routing Number?

What is 1st Pacific Bank Of California's SWIFT code?

Products

Does 1st Pacific Bank Of California offer mortgages?

Compare mortgage rates here.

Does 1st Pacific Bank Of California offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does 1st Pacific Bank Of California offer personal loans?

Compare personal loan rates here.

Does 1st Pacific Bank Of California offer student loans?

Will 1st Pacific Bank Of California cash a check?

Will 1st Pacific Bank Of California redeem a savings bond?

Does 1st Pacific Bank Of California cash savings bonds?

Will 1st Pacific Bank Of California cash money orders?

Can 1st Pacific Bank Of California issue a money order?

Does 1st Pacific Bank Of California do currency exchange?

Background on The Bank

Who owns 1st Pacific Bank Of California?

How long has 1st Pacific Bank Of California been around?

Can 1st Pacific Bank Of California transfer to other banks?

Does 1st Pacific Bank Of California have quick pay?

Does 1st Pacific Bank Of California accept rolled coins?

Will 1st Pacific Bank Of California accept loose change?

Where is 1st Pacific Bank Of California headquarters?

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