Commerce West Bank

Headquarters

2111 Business Center Drive
Irvine, CA 92612
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.91% →
1-Year CD N.A. 0.85% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Commerce West Bank is an FDIC insured institution located in Irvine, CA. It was founded in 2001 and has approximately $0.64 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 57176
Date Established 2001
Assets $ 637.19 million
Loans $ 447.44 million
Deposits $ 567.12 million
Capital $ 63.61 million
 

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

Deposit Rates - November 27, 2020

Your Current Location: Virginia, VA 20146

 

Loan Rates - November 27, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Commerce West Bank

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.557% 2.500% 0.75 $1,872 $988 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Commerce West Bank
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Branches

Commerce West 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


Commerce West Bank Locations


Financial Details

Commerce West Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Commerce West 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
Commerce West Bank U.S. Bank Average
0.07% 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, Commerce West Bank had $53,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $63,612,000 in equity and $7,473,000 in loans loss reserves. That gives it a Texas Ratio of 0.07%.

Return on Equity
Commerce West Bank U.S. Bank Average
6.99% 7.80%

Commerce West Bank has a Return on Equity of 6.99% 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
Commerce West Bank U.S. Bank Average
9.98% 12.68%

Commerce West Bank has a Capitalization of 9.98% 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.

Commerce West Bank Balance Sheet Analysis

As of March 31, 2020, Commerce West Bank had assets of $637,192,000, loans of $447,443,000, and deposits of $567,122,000. 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 $ 98.80 million
Interest-bearing balances $ 76.26 million
Total securities $ 70.12 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 447.44 million
Loan loss allowance $ 7.47 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 3.06 million
All other assets $ 17.08 million
     Total Assets $ 573.58 million
LIABILITIES
Total deposits $ 567.12 million
      Interest-bearing deposits $ 259.86 million
      Deposits held in domestic offices $ 567.12 million
      % insured (estimated) 46.14%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 6.46 million
      Total Liabilities $ 573.58 million
      Shareholders’ Equity $ 63.61 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 6.25 million
Total Interest Expense $ 0.77 million
Net interest income $ 5.48 million
Provision for loan and lease losses $ 2.14 million
Total non interest income $ 1.15 million
Total non interest expense $ 3.29 million
Pre-tax Net Operating Income $ 1.20 million

Bank Loan Profile?

The top three loan types in Commerce West Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Small Business Loans.

Compared to other banks in California, Commerce West Bank has a significantly higher percent of Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

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 0.44
Multifamily
Mortgages
2.12
Credit Card Loans 0.00
Consumer Auto Loans 0.89
Small Business Loans 5.21
Construction and Development Loans 0.02
Commercial Real Estate 75.41
Commercial and Industrial Loans 20.71
Farm Loans 0.00

Frequently Asked Questions About Commerce West Bank

Branches and Savings

Is Commerce West Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57176.

Why does Commerce West Bank pay such low interest on savings accounts?

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

Why are Commerce West Bank CD rates not competitive?

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

Is Commerce West Bank a commercial bank?

Yes

Where are Commerce West Bank locations?

See branch locations nearby.

Is Commerce West Bank open on Saturdays?

Is Commerce West Bank open on Sundays?

What time does Commerce West Bank open?

What time does Commerce West Bank close?

Are Commerce West Bank ATMs Open 24/7?

Do Commerce West Bank ATMs accept cash deposits?

Can Commerce West Bank customers use other ATMs?

Do Commerce West Bank branches have notaries?

Will Commerce West Bank notarize my document?

What address for Commerce West Bank should I put for incoming ACH transfers?

Will the Commerce West Bank branch print checks?

Do Commerce West Bank checks expire?

Does Commerce West Bank require US citizenship to open account?

Can Commerce West Bank close my account?

Does Commerce West Bank Report to credit bureaus?

Does Commerce West Bank Use Equifax?

What is Commerce West Bank's ACH Routing Number?

What is Commerce West Bank's SWIFT code?

Products

Does Commerce West Bank offer mortgages?

Compare mortgage rates here.

Does Commerce West Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Commerce West Bank offer personal loans?

Compare personal loan rates here.

Does Commerce West Bank offer student loans?

Will Commerce West Bank cash a check?

Will Commerce West Bank redeem a savings bond?

Does Commerce West Bank cash savings bonds?

Will Commerce West Bank cash money orders?

Can Commerce West Bank issue a money order?

Does Commerce West Bank do currency exchange?

Background on The Bank

Who owns Commerce West Bank?

How long has Commerce West Bank been around?

Can Commerce West Bank transfer to other banks?

Does Commerce West Bank have quick pay?

Does Commerce West Bank accept rolled coins?

Will Commerce West Bank accept loose change?

Where is Commerce West Bank headquarters?

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