First Vietnamese American Bank

Headquarters

8990 Westminster Boulevard
Westminster, CA 92683
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
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

First Vietnamese American Bank is an FDIC insured institution located in Westminster, CA. It was founded in 2005 and has approximately $0.05 billion in assets.

First Vietnamese American Bank, Westminster, California, was closed November 5, 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 Grandpoint Bank, Los Angeles, California, to assume all of the deposits of First Vietnamese American Bank.

FDIC Insured Yes
FDIC Certificate # 57885
Date Established 2005
Assets $ 48.00 million
Loans $ 32.59 million
Deposits $ 47.01 million
Capital $ 0.61 million
 

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

Deposit Rates - September 18, 2020

Your Current Location: Washington, WA 98109


Loan Rates - September 18, 2020

Your Current Location: Washington, WA 98109

There are currently no loan rates available for First Vietnamese American 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 First Vietnamese American Bank
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Branches

First Vietnamese American 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:
Seattle,Washington


First Vietnamese American Bank Locations


Financial Details

First Vietnamese American Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Vietnamese American 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
First Vietnamese American Bank U.S. Bank Average
426.44% 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, First Vietnamese American Bank had $4,136,000 in non-current loans and $1,122,000 in owned real estate. To cover these potential losses it had $611,000 in equity and $622,000 in loans loss reserves. That gives it a Texas Ratio of 426.44%.

Return on Equity
First Vietnamese American Bank U.S. Bank Average
-165.27% 7.80%

First Vietnamese American Bank has a Return on Equity of -165.27% 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
First Vietnamese American Bank U.S. Bank Average
1.27% 12.68%

First Vietnamese American Bank has a Capitalization of 1.27% 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.

First Vietnamese American Bank Balance Sheet Analysis

As of November 30, -0001, First Vietnamese American Bank had assets of $48,000,000, loans of $32,585,000, and deposits of $47,012,000. 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 $ 32.59 million
Loan loss allowance $ 0.62 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.12 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 47.01 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 $ 48.00 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 First Vietnamese American Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, First Vietnamese American 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 First Vietnamese American Bank

Branches and Savings

Is First Vietnamese American Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57885.

Why does First Vietnamese American Bank pay such low interest on savings accounts?

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

Why are First Vietnamese American Bank CD rates not competitive?

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

Is First Vietnamese American Bank a commercial bank?

Yes

Where are First Vietnamese American Bank locations?

See branch locations nearby.

Is First Vietnamese American Bank open on Saturdays?

Is First Vietnamese American Bank open on Sundays?

What time does First Vietnamese American Bank open?

What time does First Vietnamese American Bank close?

Are First Vietnamese American Bank ATMs Open 24/7?

Do First Vietnamese American Bank ATMs accept cash deposits?

Can First Vietnamese American Bank customers use other ATMs?

Do First Vietnamese American Bank branches have notaries?

Will First Vietnamese American Bank notarize my document?

What address for First Vietnamese American Bank should I put for incoming ACH transfers?

Will the First Vietnamese American Bank branch print checks?

Do First Vietnamese American Bank checks expire?

Does First Vietnamese American Bank require US citizenship to open account?

Can First Vietnamese American Bank close my account?

Does First Vietnamese American Bank Report to credit bureaus?

Does First Vietnamese American Bank Use Equifax?

What is First Vietnamese American Bank's ACH Routing Number?

What is First Vietnamese American Bank's SWIFT code?

Products

Does First Vietnamese American Bank offer mortgages?

Compare mortgage rates here.

Does First Vietnamese American Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Vietnamese American Bank offer personal loans?

Compare personal loan rates here.

Does First Vietnamese American Bank offer student loans?

Will First Vietnamese American Bank cash a check?

Will First Vietnamese American Bank redeem a savings bond?

Does First Vietnamese American Bank cash savings bonds?

Will First Vietnamese American Bank cash money orders?

Can First Vietnamese American Bank issue a money order?

Does First Vietnamese American Bank do currency exchange?

Background on The Bank

Who owns First Vietnamese American Bank?

How long has First Vietnamese American Bank been around?

Can First Vietnamese American Bank transfer to other banks?

Does First Vietnamese American Bank have quick pay?

Does First Vietnamese American Bank accept rolled coins?

Will First Vietnamese American Bank accept loose change?

Where is First Vietnamese American Bank headquarters?

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