COMMONWEALTH BUSINESS BANK

Headquarters

3435 Wilshire Boulevard. Suite 100
Los Angeles, CA 90010
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.50% 1.75% →
1-Year CD 0.85% 1.55% →
2-Year CD 0.95% 1.45% →
5-Year CD 0.95% 1.66% →
30-Year Mortgage N.A. 3.08% →
15-Year Mortgage N.A. 2.65% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

COMMONWEALTH BUSINESS BANK is an FDIC insured institution located in Los Angeles, CA. It was founded in 2005 and has approximately $1.16 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 57873
Date Established 2005
Assets $ 1,162.52 million
Loans $ 925.11 million
Deposits $ 973.73 million
Capital $ 147.55 million
 

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

Deposit Rates - May 27, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.50% $500 $14,999 Learn More
Money Market
0.40% $1,000 $24,999 Learn More
Money Market
0.65% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.50% $1,000 $99,999 Learn More
3 Mo CD
0.50% $100,000 - Learn More
6 Mo CD
0.65% $1,000 $99,999 Learn More
6 Mo CD
0.65% $100,000 - Learn More
12 Mo CD
0.85% $1,000 $99,999 Learn More
12 Mo CD
0.85% $100,000 - Learn More
18 Mo CD
0.95% $1,000 $99,999 Learn More
18 Mo CD
0.95% $100,000 - Learn More
24 Mo CD
0.95% $1,000 $99,999 Learn More
24 Mo CD
0.95% $100,000 - Learn More
36 Mo CD
0.95% $1 $99,999 Learn More
36 Mo CD
0.95% $100,000 - Learn More
48 Mo CD
0.95% $1 $99,999 Learn More
48 Mo CD
0.95% $100,000 - Learn More
60 Mo CD
0.95% $1,000 $99,999 Learn More
60 Mo CD
0.95% $100,000 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.85% $1,000 $99,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.15% $500 - Learn MoreShow Less

Loan Rates - May 27, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for COMMONWEALTH BUSINESS BANK

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More
Rocket Mortgage
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.952% 2.875% 1.00 $2,485 $1,038 Learn More

Note to COMMONWEALTH BUSINESS BANK
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

COMMONWEALTH BUSINESS 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:
Fairfield,Connecticut


COMMONWEALTH BUSINESS BANK Locations


Financial Details

COMMONWEALTH BUSINESS BANK Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of COMMONWEALTH BUSINESS 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
Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
COMMONWEALTH BUSINESS BANK U.S. Bank Average
5.76% 6.51%

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 December 31, 2019, COMMONWEALTH BUSINESS BANK had $8,743,000 in non-current loans and $362,000 in owned real estate. To cover these potential losses it had $147,550,000 in equity and $10,596,000 in loans loss reserves. That gives it a Texas Ratio of 5.76%.

Return on Equity
COMMONWEALTH BUSINESS BANK U.S. Bank Average
9.94% 9.41%

COMMONWEALTH BUSINESS BANK has a Return on Equity of 9.94% versus the BestCashCow average of 9.41%. 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
COMMONWEALTH BUSINESS BANK U.S. Bank Average
12.69% 12.82%

COMMONWEALTH BUSINESS BANK has a Capitalization of 12.69% versus the BestCashCow average of 12.82. 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.

COMMONWEALTH BUSINESS BANK Balance Sheet Analysis

As of December 31, 2019, COMMONWEALTH BUSINESS BANK had assets of $1,162,520,000, loans of $925,105,000, and deposits of $973,733,000. 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

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 102.71 million
Interest-bearing balances $ 92.65 million
Total securities $ 94.64 million
Federal funds sold and reverse repurchase $ 0.61 million
Net loans and leases $ 925.11 million
Loan loss allowance $ 10.60 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.36 million
Goodwill and other intangibles $ 9.70 million
All other assets $ 19.17 million
     Total Assets $ 1,014.97 million
LIABILITIES
Total deposits $ 973.73 million
      Interest-bearing deposits $ 763.82 million
      Deposits held in domestic offices $ 973.73 million
      % insured (estimated) 65.58%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 25.00 million
Subordinated debt N.A.
All other liabilities $ 16.24 million
      Total Liabilities $ 1,014.97 million
      Shareholders’ Equity $ 147.55 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 63.02 million
Total Interest Expense $ 18.66 million
Net interest income $ 44.37 million
Provision for loan and lease losses $ 1.30 million
Total non interest income $ 9.85 million
Total non interest expense $ 33.36 million
Pre-tax Net Operating Income $ 19.56 million

Bank Loan Profile?

The top three loan types in COMMONWEALTH BUSINESS BANK’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Small Business Loans.

Compared to other banks in California, COMMONWEALTH BUSINESS 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 2.84
Multifamily
Mortgages
3.65
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 11.43
Construction and Development Loans 2.52
Commercial Real Estate 78.41
Commercial and Industrial Loans 13.17
Farm Loans 0.00

Frequently Asked Questions About Commonwealth Business Bank

Branches and Savings

Is Commonwealth Business Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57873.

Why does Commonwealth Business Bank pay such low interest on savings accounts?

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

Why are Commonwealth Business Bank CD rates not competitive?

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

Is Commonwealth Business Bank a commercial bank?

Yes

Where are Commonwealth Business Bank locations?

See branch locations nearby.

Is Commonwealth Business Bank open on Saturdays?

Is Commonwealth Business Bank open on Sundays?

What time does Commonwealth Business Bank open?

What time does Commonwealth Business Bank close?

Are Commonwealth Business Bank ATMs Open 24/7?

Do Commonwealth Business Bank ATMs accept cash deposits?

Can Commonwealth Business Bank customers use other ATMs?

Do Commonwealth Business Bank branches have notaries?

Will Commonwealth Business Bank notarize my document?

What address for Commonwealth Business Bank should I put for incoming ACH transfers?

Will the Commonwealth Business Bank branch print checks?

Do Commonwealth Business Bank checks expire?

Does Commonwealth Business Bank require US citizenship to open account?

Can Commonwealth Business Bank close my account?

Does Commonwealth Business Bank Report to credit bureaus?

Does Commonwealth Business Bank Use Equifax?

What is Commonwealth Business Bank's ACH Routing Number?

What is Commonwealth Business Bank's SWIFT code?

Products

Does Commonwealth Business Bank offer mortgages?

Compare mortgage rates here.

Does Commonwealth Business Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Commonwealth Business Bank offer personal loans?

Compare personal loan rates here.

Does Commonwealth Business Bank offer student loans?

Will Commonwealth Business Bank cash a check?

Will Commonwealth Business Bank redeem a savings bond?

Does Commonwealth Business Bank cash savings bonds?

Will Commonwealth Business Bank cash money orders?

Can Commonwealth Business Bank issue a money order?

Does Commonwealth Business Bank do currency exchange?

Background on The Bank

Who owns Commonwealth Business Bank?

How long has Commonwealth Business Bank been around?

Can Commonwealth Business Bank transfer to other banks?

Does Commonwealth Business Bank have quick pay?

Does Commonwealth Business Bank accept rolled coins?

Will Commonwealth Business Bank accept loose change?

Where is Commonwealth Business Bank headquarters?

Customer Reviews for COMMONWEALTH BUSINESS BANK


  • January 29, 2019 |

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