Golden State Bank

Headquarters

500 North Brand Boulevard Suite 2300
Glendale, CA 91203
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.05% →
1-Year CD 0.50% 0.95% →
2-Year CD 0.70% 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

Golden State Bank is an FDIC insured institution located in Glendale, CA. It was founded in 2003 and has approximately $0.37 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 57585
Date Established 2003
Assets $ 371.82 million
Loans $ 261.43 million
Deposits $ 300.35 million
Capital $ 36.01 million
 

For a more detailed analysis of Golden State 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

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.20% $10,000 $14,999 Learn More
3 Mo CD
0.25% $100,000 $199,999 Learn More
6 Mo CD
0.30% $10,000 $14,999 Learn More
6 Mo CD
0.35% $100,000 $199,999 Learn More
12 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.50% $100,000 $199,999 Learn More
18 Mo CD
0.55% $10,000 $14,999 Learn More
18 Mo CD
0.65% $100,000 $199,999 Learn More
24 Mo CD
0.60% $10,000 $14,999 Learn More
24 Mo CD
0.70% $100,000 $199,999 Learn More
36 Mo CD
0.65% $10,000 $14,999 Learn More
36 Mo CD
0.75% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 18, 2020

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Golden State Bank

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




Featured - Washington 30 Year Fixed Mortgage 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
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.815% 2.750% 0.88 $2,120 $1,021 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
3.500 %
$25,000 Learn More
More Info

Note to Golden State Bank
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Branches

Golden State 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


Golden State Bank Locations


Financial Details

Golden State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Golden State 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
Golden State Bank U.S. Bank Average
12.83% 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, Golden State Bank had $572,000 in non-current loans and $4,497,000 in owned real estate. To cover these potential losses it had $36,012,000 in equity and $3,504,000 in loans loss reserves. That gives it a Texas Ratio of 12.83%.

Return on Equity
Golden State Bank U.S. Bank Average
2.53% 7.80%

Golden State Bank has a Return on Equity of 2.53% 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
Golden State Bank U.S. Bank Average
9.69% 12.68%

Golden State Bank has a Capitalization of 9.69% 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.

Golden State Bank Balance Sheet Analysis

As of March 31, 2020, Golden State Bank had assets of $371,815,000, loans of $261,430,000, and deposits of $300,348,000. 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 $ 57.39 million
Interest-bearing balances $ 50.03 million
Total securities N.A.
Federal funds sold and reverse repurchase $ 38.26 million
Net loans and leases $ 261.43 million
Loan loss allowance $ 3.50 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 4.50 million
Goodwill and other intangibles N.A.
All other assets $ 7.31 million
     Total Assets $ 335.80 million
LIABILITIES
Total deposits $ 300.35 million
      Interest-bearing deposits $ 247.10 million
      Deposits held in domestic offices $ 300.35 million
      % insured (estimated) 58.15%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 32.00 million
Subordinated debt N.A.
All other liabilities $ 3.45 million
      Total Liabilities $ 335.80 million
      Shareholders’ Equity $ 36.01 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 4.36 million
Total Interest Expense $ 1.36 million
Net interest income $ 3.00 million
Provision for loan and lease losses $ 0.13 million
Total non interest income $ 0.03 million
Total non interest expense $ 2.58 million
Pre-tax Net Operating Income $ 0.33 million

Bank Loan Profile?

The top three loan types in Golden State Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Construction and Development Loans.

Compared to other banks in California, Golden State Bank has a significantly higher percent of Construction and Development Loans 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 5.98
Multifamily
Mortgages
7.53
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 12.93
Commercial Real Estate 56.16
Commercial and Industrial Loans 18.88
Farm Loans 0.00

Frequently Asked Questions About Golden State Bank

Branches and Savings

Is Golden State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57585.

Why does Golden State Bank pay such low interest on savings accounts?

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

Why are Golden State Bank CD rates not competitive?

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

Is Golden State Bank a commercial bank?

Yes

Where are Golden State Bank locations?

See branch locations nearby.

Is Golden State Bank open on Saturdays?

Is Golden State Bank open on Sundays?

What time does Golden State Bank open?

What time does Golden State Bank close?

Are Golden State Bank ATMs Open 24/7?

Do Golden State Bank ATMs accept cash deposits?

Can Golden State Bank customers use other ATMs?

Do Golden State Bank branches have notaries?

Will Golden State Bank notarize my document?

What address for Golden State Bank should I put for incoming ACH transfers?

Will the Golden State Bank branch print checks?

Do Golden State Bank checks expire?

Does Golden State Bank require US citizenship to open account?

Can Golden State Bank close my account?

Does Golden State Bank Report to credit bureaus?

Does Golden State Bank Use Equifax?

What is Golden State Bank's ACH Routing Number?

What is Golden State Bank's SWIFT code?

Products

Does Golden State Bank offer mortgages?

Compare mortgage rates here.

Does Golden State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Golden State Bank offer personal loans?

Compare personal loan rates here.

Does Golden State Bank offer student loans?

Will Golden State Bank cash a check?

Will Golden State Bank redeem a savings bond?

Does Golden State Bank cash savings bonds?

Will Golden State Bank cash money orders?

Can Golden State Bank issue a money order?

Does Golden State Bank do currency exchange?

Background on The Bank

Who owns Golden State Bank?

How long has Golden State Bank been around?

Can Golden State Bank transfer to other banks?

Does Golden State Bank have quick pay?

Does Golden State Bank accept rolled coins?

Will Golden State Bank accept loose change?

Where is Golden State Bank headquarters?

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