Canyon National Bank

Headquarters

1711 East Palm Canyon Drive
Palm Springs, CA 92264
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Canyon National Bank is an FDIC insured institution located in Palm Springs, CA. It was founded in 1998 and has approximately $0.21 billion in assets.

Canyon National Bank, Palm Springs, California, was closed on February 11, 2011 by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Pacific Premier Bank, Costa Mesa, California, to assume all of the deposits of Canyon National Bank.

FDIC Insured Yes
FDIC Certificate # 34692
Date Established 1998
Assets $ 210.86 million
Loans $ 158.29 million
Deposits $ 205.29 million
Capital $ 3.14 million
 

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

Deposit Rates - October 29, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - October 29, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Canyon National Bank

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




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Note to Canyon National Bank
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Branches

Canyon National Bank 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


Canyon National Bank Locations


Financial Details

Canyon National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Canyon National Bank. 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
Canyon National Bank U.S. Bank Average
377.02% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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 March 31, 2020, Canyon National Bank had $21,824,000 in non-current loans and $20,074,000 in owned real estate. To cover these potential losses it had $3,143,000 in equity and $7,970,000 in loans loss reserves. That gives it a Texas Ratio of 377.02%.

Return on Equity
Canyon National Bank U.S. Bank Average
-119.04% 7.80%

Canyon National Bank has a Return on Equity of -119.04% versus the BestCashCow average of 7.80%. 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
Canyon National Bank U.S. Bank Average
1.49% 12.68%

Canyon National Bank has a Capitalization of 1.49% versus the BestCashCow average of 12.68. 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.

Canyon National Bank Balance Sheet Analysis

As of December 31, 2010, Canyon National Bank had assets of $210,859,000, loans of $158,294,000, and deposits of $205,285,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 158.29 million
Loan loss allowance $ 7.97 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 20.07 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 205.29 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 210.86 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

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

Compared to other banks, Canyon National Bank’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

Frequently Asked Questions About Canyon National Bank

Branches and Savings

Is Canyon National Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34692.

Why does Canyon National Bank pay such low interest on savings accounts?

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

Why are Canyon National Bank CD rates not competitive?

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

Is Canyon National Bank a commercial bank?

Yes

Where are Canyon National Bank locations?

See branch locations nearby.

Is Canyon National Bank open on Saturdays?

Is Canyon National Bank open on Sundays?

What time does Canyon National Bank open?

What time does Canyon National Bank close?

Are Canyon National Bank ATMs Open 24/7?

Do Canyon National Bank ATMs accept cash deposits?

Can Canyon National Bank customers use other ATMs?

Do Canyon National Bank branches have notaries?

Will Canyon National Bank notarize my document?

What address for Canyon National Bank should I put for incoming ACH transfers?

Will the Canyon National Bank branch print checks?

Do Canyon National Bank checks expire?

Does Canyon National Bank require US citizenship to open account?

Can Canyon National Bank close my account?

Does Canyon National Bank Report to credit bureaus?

Does Canyon National Bank Use Equifax?

What is Canyon National Bank's ACH Routing Number?

What is Canyon National Bank's SWIFT code?

Products

Does Canyon National Bank offer mortgages?

Compare mortgage rates here.

Does Canyon National Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Canyon National Bank offer personal loans?

Compare personal loan rates here.

Does Canyon National Bank offer student loans?

Will Canyon National Bank cash a check?

Will Canyon National Bank redeem a savings bond?

Does Canyon National Bank cash savings bonds?

Will Canyon National Bank cash money orders?

Can Canyon National Bank issue a money order?

Does Canyon National Bank do currency exchange?

Background on The Bank

Who owns Canyon National Bank?

How long has Canyon National Bank been around?

Can Canyon National Bank transfer to other banks?

Does Canyon National Bank have quick pay?

Does Canyon National Bank accept rolled coins?

Will Canyon National Bank accept loose change?

Where is Canyon National Bank headquarters?

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